Bit Buzz Daily: our roundup of bitcoin news on the web
Tuesday 12 November 2013
Here's our latest look at what's new and interesting in the world of digital currency:
We always like to start off on a positive note (if we can) so this article by Jennifer Booton on Fox Business ticks the box. With just a month lapsed since the Silk Road bust, she notes its recent rally means bitcoin's future is a little more certain. An article that takes into account the hurdles bitcoin still faces but with expert opinion still favouring bitcoin's longer term future.
One aspect of bitcoin, that is not talked about as much as its value as a currency or commodity, are the technological possibilities within the bitcoin protocol.
In this video, posted by Mike Schmidt, Liz Lumley of Finextra, interviews Richard Brown, executive architect at IBM, about some of the potential yet to explore. Some of it is quite fascinating. Will your fridge talk to your washing machine in a few years' time?
Watch it here
Now here's something that might make you sit up in surprise, but the Bank of America has written a pro-bitcoin article, suggesting it as an alternative to small businesses as a payment option. Iris Dorbian's article looks at several case studies and offers tips on how a business could implement a bitcoin POS...
Read more here
The latest bitcoin exchange on the scene is heading in a slightly different direction. Ryan Lawler writing for Tech Crunch says itBit has just raised several million dollars to launch an exchange for institutional investors. It will be interesting to see if veering away from the more consumer-focused exchange model will provide more liquidity in the marketplace.
Now for something that's just a bit fun. Want to check out where bitcoins are being exchanged? The Fiatleak site shows a real time map analysis of bitcoins exchanged by currency. Check it out for a visual representation of money leaking out the fiat system!
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