bitcoin

Bitcoin a Threat to Debit and Credit Card Issuers – Citi

A recent report published by Citi suggests that bitcoin could challenge or even supplant some traditional payment services if adoption widens in future years. According to Citi GPS, a corporate publication owned by the financial institution, the technology underlying digital currencies has the potential to disrupt current-day payments structures. It cites debit/credit card systems and […]

Yelp Announces New Feature for Bitcoin Merchants

San Francisco based business directory provider Yelp has officially announced a new functionality that allows bitcoin accepting merchants to promote awareness of the payment method via its platform. Though rumors of the new feature have circulated since as far back as 10th April 2014, this was the first time that the company confirmed the news. […]

Price of Bitcoin Moves Up and Breaks $500 mark as China Fears Subside

Thе price оf bitcoin continued itѕ upward trend оn thе Bitcoin Price Index (BPI) today, rising rоughlу 9% tо top $500. Thе recent recovery, sparked bу comments frоm People’s Bank оf China (PBOC) governor Zhou Xiaochuan, continued аѕ thе 15th April deadline allegedly imposed bу thе central bank саmе аnd wеnt withоut аnу additional account […]

Bitcoin Core Version 0.9.1 Fixes Heartbleed Vulnerability

Newly Released Bitcoin Core Version 0.9.1 addressed the Heartbleed OpenSSL vulnerability, also known as CVE-2014-0160. The vulnerability has been patched by major bitcoin exchanges in a matter of hours. In case you missed it, Heartbleed is a pretty big deal in the security community. The crypto bug in OpenSSL (an open-source implementation of the SSL and […]

Crypto Currencies

What are Crypto Currencies? As per wikipedia, A crypto currency (such as Bitcoin, Litecoin, Feathercoin, etc.) is a peer-to-peer (p2p), decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself. Let us look at the first sentence again and break it down on word […]