A bust or just beginning?
Bitcoin is passé to many in the tech world these days, but Circle didn’t get the memo: the virtual currency firm is plowing ahead…
Remember when bitcoin was going to disrupt the world’s banking system? That was two years ago and, while new payment platforms like Venmo and Apple Pay have gained traction, virtual currencies now feel more like a fad than a phenomenon.
Yes, the BitLicense rules are strict, but is this the reputational boost bitcoin needs?
The identify of the mystery bidder who beat out well-known companies to win an auction on Friday for 30,000 bitcoins seized from Silk Road is now known.
Another week, another big retailer adopting bitcoin. The news is a vote of confidence for the virtual currency, but it still doesn’t answer the question of when — or if — ordinary consumers will adopt it.
AstroPay launches a new, licensed money service business based on the Ripple protocol.
Expedia is letting consumers book hotels with bitcoin but will anyone do so? The travel industry may make more sense than others as a category for consumers to use virtual currency.
The SEC announced charges against the operator of SatoshiDice and a bitcoin marketing site for selling unregistered securities and taking bitcoin as payment.
Jeremy Allaire’s bitcoin start-up Circle revealed its monetary platform while BitPay cashed in with a $30 million Series A funding round.
The well-funded bitcoin startup Circle has been cagey about its plans for months. On Friday, it finally unveiled one of its products: an online banking interface for non-tech types.
Students at hundreds of colleges can get $10 worth of bitcoin if they open a Coinbase account. But will they find a (legal) way to spend it?
Just the week, bitcoin payment options have been springing up everywhere from newspapers to sports teams. But why is the price still dropping?
People keep stealing bitcoins. A new wallet and vault service backed by some serious investors, offers security and insurance — and a tiny giveaway for signing up.
The irrepressible Winklevoss twins are back with a new index tool to gauge the value of bitcoin. It has a terrible name, but could be just what the virtual currency needs right now.
A Bitcoin ATM in Vancouver has put Canada on the map as a virtual currency hotbed. That role is now under threat as the country’s finance minister said Canada would give regulators more resources to watch virtual currency.
Bitcoin took a fall after some bad news this week — but nothing like its notorious crashes of the past. Meanwhile, other currencies, including the lira and the peso, fell just as much.
You can buy all sorts of things with bitcoins these days — but, most of the time, there’s no real point in doing so. One start-up, however, shows that bitcoins could have a practical role in reducing costs in the real estate industry.
Bitcoin’s ongoing quest for legitimacy suffered a setback this week when the federal government arrested one of the currency’s chief advocates — right before New York regulators hear testimony about the currency.
A team belonging to one of North America’s four major sports leagues will now let fans purchase online tickets and store merchandise using bitcoins.
It may be technically fascinating, but — nine months into writing about the hyper-volatile crypto-currency — I’ve completely lost track of why we need or want Bitcoin.
After a record run, Bitcoin prices have tumbled back to earth after the Chinese government announced a series of bans on the currency. Here is a chart and some background.
The EU regulatory agency wants consumers who are considering jumping on the Bitcoin bandwagon to realize that there’s not much in the way of regulation to protect them.
Bitcoin got a huge financial and symbolic boost this week with news of the biggest ever investment into a bitcoin business called Coinbase. But for the currency to last, it has to show that it can find a use beyond speculation, and that Bitcoin’s guardians can help it become a consumer product.
Bitcoin watchers say the virtual currency could displace Western Union as a way to transfer money from place to place. Here’s what Western Union says about that.
Amazon(s amzn) Coins are now available in the UK and reportedly Germany too. The company’s virtual currency is intended for use in…
Bitcoin suffers two big problems when it comes to consumer adoption: retailers are unfamiliar with it, and shoppers have no incentive to spend it. A rewards program by gift card site Gyft shows how this could change.
Starting on Tuesday, a coffee shop in Canada plans to have a real live Bitcoin ATM. It’s a symbolic win for Bitcoin believers, but the plan makes little sense from a business or economic point of view.
Bitcoin’s recent popularity has brought new rumors about the true identity of its founder, Satoshi Nakamoto. It may be time to respect his privacy and focus on his work instead.
Bitcoin is being treated as a serious currency by investors, entrepreneurs and the government. GigaOM convened experts to hear what they say about what will happen next — here’s three highlights.
Amazon’s virtual currency, Amazon Coins, launched Monday. It can be used to buy apps and games and make in-app purchases on the Kindle Fire and in Amazon’s app store.
An Arizona woman whose teenage son purchased virtual goods wants Facebook to give refunds to him and thousands of “minor children” who misrepresented their right to acquire the company’s online currency, Facebook Credits.
Facebook isn’t a true PayPal competitor, but it’s taking some steps toward becoming an online payments provider outside of its Facebook properties. The social giant has begun testing the use of Facebook Credits on Uno Boost and Collapse! Blast, both available on gaming portal GameHouse.
Facebook has done a remarkable job of getting developers to adopt its Credits virtual currency before the program was fully fledged. Today, the company announced a partnership with PlaySpan to add 20 additional ways for users to pay for credits and plans to accelerate rollout.
None other than YouTube co-founder Chad Hurley dropped by the company’s blog yesterday to remind us that he and his two co-conspirators…
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Roughly 12 percent of Americans, or more than one in 10, have bought a virtual item at some point in the last…
Mochi Media is adding a virtual currency/microtransaction system to its network of online Flash games today. Players can use Mochi Coins to…
Facebook said today that application developers can now apply to test out its virtual currency platform, an aggressive move that places pressure…
There’s a new entrant in the rapidly growing market for retail cards and virtual goods for online games today: the Zeevex Virtual…
Offerpal Media, a startup that links virtual currency to real-world marketing deals, scored $15 million in venture funding last month. CEO Anu…
Here’s some good news in a particularly troubled time for Internet startups, and it’s especially piquant for anyone who’s been following the…
Users of IMVU, the popular web-based virtual chat room network profiled on GigaOM last June, can purchase songs from a catalog of 1 million tracks, either as a stream to be played within IMVU or as DRM-free MP3s they can play anywhere.
Mythic Entertainment, the studio that developed Electronic Arts’ new MMORPG Warhammer Online, has adopted an extreme anti-gold selling policy. But much as gamers claim to hate gold sellers, almost one in four patronize them — Mythic, therefore, is risking alienating a quarter of its user base.