1-800-Flowers has started accepting the digital currency Bitcoin as a means of payment with a collaboration with Bitcoin payment provider Coinbase. The New York-based company is the number one floral and gift e-tailer with a yearly revenue of $735 Million. It is therefore added to the “Hall of Fame” of largest retailers that accept Bitcoins. The reason the company started accepting Bitcoins ... Read More »
As of Tuesday, Online Electronics retailer NewEgg has started to accept Bitcoins. Their official press release regarding the news can be found here. NewEgg has partnered with BitPay to process the Bitcoin payments. NewEgg, and competitor TigerDirect, has been teasing Bitcoin plans for a few months now. The time for teasing is over now, though – Overstock.com began taking bitcoin at the start of ... Read More »
Barry Silbert just tweeted the following regarding the USMS Bitcoin auction: Announcement: The SecondMarket / Bitcoin Investment Trust bidding syndicate for the US Marshals bitcoin auction was outbid on all blocks — Barry Silbert (@barrysilbert) June 30, 2014 There was no info released about how much Barry bid, but we assume its below or in line with the market price. ... Read More »
After a long downtrend since January 2014 the Bitcoin price has started to rise again, up 26% to $570 in the past 7 days. There has been a lot of good news around BTC lately that has fueled this recent surge. Ripple Selloff Last week the founder of the Alt Currency Ripple announced that he would sell all his Ripple ... Read More »
This morning, Bloomberg has confirmed that Bitcoin is now displayed on the professional trading monitor: the Bloomberg Terminal. By simply typing VCCY
The Bitcoin price has reached $450 this afternoon, after a short dip which got the price below the $440 price point. The price went as low as $424, after it went back upwards. The reason for the dip was this tweet from BTC China: Attn All: We have just received a formal notification from China Merchants Bank. We have stopped ... Read More »
Ealier this year, we reported that online streaming site Netflix was getting ready to start accepting Payments for their services. Last week Netflix reported its Q1 2014 earnings. They beat the Wall Street estimates by a fair amount, and announced a price increase for new members of 1 to 2 dollars per month. This price raise was introduced to offer more ... Read More »
Earlier this day Warren Buffett went on CNBC to do an interview about the recent economic boost. When Buffett was asked for his opinion about Bitcoin, he promptly responded: “Stay away from it”. Buffett went as far as calling it a Mirage. “It’s a mirage basically, it’s a method of transmitting money, it’s a very effective way of transmitting money ... Read More »
Microsoft’s Search Engine Bing has added Bitcoin Rate Conversion built into the search bar of the search engine. They use the Coinbase Bitcoin price valuation, and give you a summary of the actual Bitcoin price. You can try it yourself at Bing, just type in something like: “10 btc to usd” You will most likely get a result familiar to ... Read More »
What was once the worlds biggest Bitcoin Exchange, Mt.Gox, has now become a company victim to its own success. Their outdated homepage still states that they are “the world’s largest Bitcoin exchange”, but most of the people already realize they are only processing a small percentage of daily Bitcoin trades. The Downfall of Mt.Gox, as some like to call it, ... Read More »
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