Articles on Bitcoin

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Should the arrest of Arthur Budovsky, founder of online currency exchange Liberty Reserve concern other online models that use anonymity as part of their model?

Does anonymity mean criminality? Bitcoin feels Liberty Reserve pressure

The shutdown of online currency exchange Liberty Reserve and the arrest of its CEO and founder Arthur Budovsky may not have surprised some in the security industry. The company did not require its users…
Forgot your purse? Don’t worry - read on for digital payment options.

From your wallet to Google Wallet: your digital payment options

Money has come a long way from gold coins stamped with the Emperor’s likeness. Today, the vast majority of money is digitised - in the US, notes and coins comprise only 7% of cash in circulation. So with…
Talk of the Cyprus bailout sparked a surge in the value of virtual cryptocurrency Bitcoin. zcopley

Is the Cyprus crisis a boon for Bitcoin?

For most of us, banks represent a trusted and safe harbour for our money. Investing in fixed term deposits for example, is widely seen as a low-risk strategy. The global financial crisis changed that view…
There is currently around US$63.6 million of Bitcoin in circulation. Craig A Rodway

Bitcoin: a pirate’s booty or the new global currency?

On July 19, Doctor Nefario, founder of the Global Bitcoin Stock Exchange, arrived at Seattle airport and was asked if he had enough money to cover his stay in the US. He replied that he did, but that it…

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