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Virtual Currency

Virtual Frenzies: Bitcoin and the Block Chain

Stephen G. Cecchetti | Posted 10.01.2016 | Business
Stephen G. Cecchetti

Bitcoin has prompted many people to expect a revolution in the means by which we make and settle everyday payments. Our view is that Bitcoin and other "virtual currency schemes" (VCS) lack critical features of money, so their use is likely to remain very limited.

Follow the Money

William B. Bradshaw | Posted 12.11.2014 | Money
William B. Bradshaw

The value of a country's currency is basically dependent upon the country's integrity and having the assets necessary to pay its debt and back up its currency. This was a real problem for early Americans prior to, and for several years following, the Revolutionary War.

Bitcoin Turmoil: Proof of Concept or Fatal Flaw?

Jim Gibson | Posted 04.23.2014 | Money
Jim Gibson

It turns out that there seems to be tiny little vulnerability in the bitcoin protocol. Aren't there supposed to be built-in safeguards with the exchange mechanisms?

Innovation In Financial Services-Oxymoron? Future Tech Lessons Learned From The Asian Financial Forum

April Rudin | Posted 04.09.2014 | Technology
April Rudin

Today, there is extra urgency behind the need for a shift toward innovation: many new financial services competitors that are small, nimble and on the cutting edge of technology entered the market right after the financial crisis, when established firms were busy licking their wounds. The old guard is going to need to stay on top of innovation just to keep up with the new guard.

Financial Inclusion and The Digital Asset Transfer Authority (DATA)

Stan Stalnaker | Posted 09.28.2013 | Technology
Stan Stalnaker

On a planet rapidly coming online through mobile technologies, there's an urgent need to develop financial empowerment. Today, leaders from the emerging payment and virtual currency industry announced a Committee for the Establishment of the Digital Asset Transfer Authority.

Bitcoin: Huge Hype Belies Low Awareness

Michel Floyd | Posted 08.25.2013 | Technology
Michel Floyd

It's pretty safe to say Bitcoin is still in the early adopter phase of its life. The good news is that there's still plenty of room to grow.

Bitcoin: A Brave New World

Tony Mckenna | Posted 07.14.2013 | Business
Tony Mckenna

The idea of a peer-to-peer virtual currency floated across vast swathes of international populations irrespective of borders could well be the next stage in the evolution of money -- its brave new world.

Miner Mike, the Bitcoin Minter

John Pavley | Posted 06.27.2013 | Technology
John Pavley

In 2009, my friend Mike was getting into bitcoin and I remember him explaining the whole concept to me: A virtual currency managed by a peer-to-peer network open to anyone with a computer and uncontrolled by any bank or government.

Living the Bitcoin Life

Beverly Macy | Posted 06.15.2013 | Business
Beverly Macy

Bitcoin has taken a huge hit in recent days but it is still a billion-dollar currency on a wild up-and-down ride and Silicon Valley, financial institutions, commodity traders and others are paying attention.

The Anarchist's Currency

Reuters | Posted 06.02.2012 | Money

By Naomi O'Leary LONDON, April 2 (Reuters) - Financial traders have a new toy: Bitcoin, a digital currency variously dismissed as a Pon...

Hacker Admits Stealing Millions In Poker Chips On Facebook

The Huffington Post | Catharine Smith | Posted 05.25.2011 | Technology

British Hacker Ashley Mitchell pleaded guilty to stealing 400 billion virtual poker chips, valued at over $12 million. He could face significant jail...

Facebook Makes Its Own Digital Currency Mandatory

The Huffington Post | Catharine Smith | Posted 05.25.2011 | Technology

Starting July 1, Facebook will require all social game developers to process real-world payments using Facebook Credits, the social network's propriet...

Free is the New Cash Cow

Megan Berry | Posted 05.25.2011 | Technology
Megan Berry

One of the fastest growing sections of the gaming economy is casual gaming, with an audience that's predominately female and typically older than the "traditional" gaming crowd.