Analysis: To grow, Bitcoin may need to shed its world of intrigue
(Reuters) - Bitcoin enthusiasts were buzzing about the arrest of a high-profile promoter of the digital currency at Monday night's weekly Bitcoin trading session in Manhattan's financial district.
Charlie Shrem's detention on money laundering charges the day before shocked New York's Bitcoin community, which meets in a small conference room to trade the currency. It is contemplating the end of a world of intrigue away from the watchful eyes of police and regu…
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Why the NYC Bitcoin Center Matters
Spontaneous trading erupted last week on New Year's Eve, the official launch of the NYC Bitcoin Center. Hundreds of eager cryptocurrency enthusiasts gathered to usher in the New Year and celebrate the grand opening of the center, the first of its kind in the world. Keynote speaker Congressman Steve Stockman (R-TX) shocked the crowd by taping a QR-code to his suit, accepting Bitcoin donations for his 2014 Senate campaign, the first U.S. Senate candidate to officially embr…
Read moreMore than money, bitcoin's real value lies in its algorithms
More than money, bitcoin's real value lies in its algorithms
Blockchain technology that powers bitcoin and other digital currencies is showing up in a variety of other applicationsMore than money, bitcoin's real value lies in its algorithms
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How does Bitcoin work?
The basics for a new user As a new user, you can get started with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used onc…
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Bitcoin for Businesses
Bitcoin is a very secure and inexpensive way to handle payments.The lowest fees out there Bitcoin's high cryptographic security allows it to process transactions in a very efficient and inexpensive way. You can make and receive payments using the Bitcoin network with almost no fees. In most cases, fees are not strictly required but they are recommended for faster confirmation of your transaction. Protection against fraud
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