When we released the article on Kenilworth Exploration last Friday, one reader emailed us saying …
The post Evidence In Favor of Kenilworth’s Reputation appeared first on Bitcoin Magazine.
When we released the article on Kenilworth Exploration last Friday, one reader emailed us saying …
The post Evidence In Favor of Kenilworth’s Reputation appeared first on Bitcoin Magazine.
Bought and sold on a peer-to-peer network independent of central controlDaily MailBitcoin is a form of tender which can be bought and sold on a peer-to-peer network independent of any central control. The Pembury Tavern in Hackney, east London is now a…
Geek (blog)Turn your Raspberry Pi into a dedicated Bitcoin mining machineGeek (blog)Being a Bitcoin miner is tough. Not tough like getting the black lung, or risking a tunnel collapse. Not tough like living in tyrannical company towns or grinding out a…
Towards the end of last week something seemingly unexpected happened in the bitcoin market – the price of BTC rose on unquestionably bad news. After Mt. Gox announced a temporary halt on USD withdrawals, the price of BTC on Gox climbed approximately 5% in a matter of hours. While this may seem like an odd reaction at first, further investigation shows that this is actually a highly consistent and predictable occurrence. The rate change on Mt. Gox, the long-time leader in bitcoin exchange volume, was actually an anomaly. In comparing the price of BTC on Gox with the price other top BTC/USD exchanges, you’ll see a remarkable divergence in prices after the announcement. The price on Gox rose quickly to $113 as prices on the on other exchanges remained relatively stable around $105. Intuitively, one might think bad news that directly affects one exchange would have a negative impact on that exchange’s core market – so why then did the price of BTC jump so significantly only on Gox? The…
The post Turbulence at Mt. Gox Creates Arbitrage Opportunities For Bitcoin Traders appeared first on The Genesis Block.
Towards the end of last week something seemingly unexpected happened in the bitcoin market – the price of BTC rose on unquestionably bad news. After Mt. Gox announced a temporary halt on USD withdrawals, the price of BTC on Gox climbed approximately 5% in a matter of hours. While this may seem like an odd reaction at first, further investigation shows that this is actually a highly consistent and predictable occurrence. The rate change on Mt. Gox, the long-time leader in bitcoin exchange volume, was actually an anomaly. In comparing the price of BTC on Gox with the price other top BTC/USD exchanges, you’ll see a remarkable divergence in prices after the announcement. The price on Gox rose quickly to $113 as prices on the on other exchanges remained relatively stable around $105. Intuitively, one might think bad news that directly affects one exchange would have a negative impact on that exchange’s core market – so why then did the price of BTC jump so significantly only on Gox? The…
The post Turbulence at Mt. Gox Creates Arbitrage Opportunities For Bitcoin Traders appeared first on The Genesis Block.
Bitcoin Foundation comes under fire in CaliforniaVentureBeatThe Bitcoin Foundation today revealed it has received a cease-and-desist letter from the California Department of Financial Institutions. The Foundation, which claims to have an international …
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Bitcoin Foundation comes under fire in CaliforniaVentureBeatThe Bitcoin Foundation today revealed it has received a cease-and-desist letter from the California Department of Financial Institutions. The Foundation, which claims to have an international membership, was charged with engaging in the business of ... |