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Gold prices ended yesterday's session down $11.72 as investors liquidated their positions to bank substantial profits from Friday's shock.
A Bitcoin exchange in the Philippines, Coins.ph has just added an instant remittance service to its list of its options, allowing users to withdraw, remit and send money directly from a bank’s ATM using this service.
Major magazine publisher Time Inc. just announced a partnership with Coinbase that will enable readers to pay for their subscriptions in Bitcoin.
Swedish based Bitcoin exchange, Safello announced that a new banking partnership will now allow U.K. customers to hold deposits. According to Safello this is a huge opportunity, considering many start-ups in the U.K.
According to a recent research report released by the Cato Institute, Bitcoin could potentially be replaced by other types of crypto-currencies in the near future, which should have better security features and will be less volatile than the current digital currency.
Microsoft is now allowing users to fund their Xbox accounts with and pay for its services using Bitcoin.
Many analysts believe that the frenzy surrounding Bitcoin is fading over the past few months as the volumes in the markets have dried up.
Netopia mobilPay, one of the biggest payment processors in Romania is trying to integrate Bitcoin as a form of payment for all of its merchants.
Many analysts believe that one of the main reasons Bitcoin has so far not been adopted by the masses is due to its ongoing price fluctuations. At the beginning of the year Bitcoin was as high as $900 but as the year progressed prices plummeted to $400.
Industry experts believe that in order for Bitcoin to be become more accessible to the masses, it is imperative for tech entrepreneurs who are setting up Bitcoin-related companies or apps to understand the pros and cons of traditional currency.
Although Japan is to a big player in the Bitcoin marketplace, being the first country to open its doors to Bitcoin entrepreneurs, the Japanese government is starting to be cautious and wanting to learn more about the crypto-currency, thanks to Mt. Gox filing for bankruptcy.
Liberty Teller, the MassChallenge startup that opened four Bitcoin ATM machines around the Boston area, has rebranded itself into LibertyX and will now allow users to purchase the digital currency around 2,500 locations in 33 states across the country.
DigitalTangible currently manages the world’s first Bitcoin/precious metal exchange. It allows consumers to use Bitcoins to buy these metals online, with the users identified through block chains.
HSBC recently severed its ties with GA Advisors, the world’s first regulated Bitcoin investment fund. Supposedly, the bank was worried about a “money laundering risk” activities in the Bitcoin industry.
One of the biggest advantages of Bitcoin is its user anonymity. Many analysts consider this to be one of the main reasons as to why it drew such extensive clientele.