ATMs have been used to buy virtual currencies on ATMs across the globe.The US Treasury Department announced on Wednesday that it had seized a total of nine ATMs from China and South Korea.According to the US Treasury, the suspects used the machines to buy and sell virtual currencies.At least two currencies have now been seized […]
A virtual currency can be used for payments for goods and services online, as well as purchases in physical goods and a number of other online services.But it can also be used to buy illegal drugs, which is illegal under the laws of many countries.The Economist is taking a closer look at the issue and […]
In order to start using Bitcoin for business, you’ll need to learn about its history and how to use it for business.Below are the basic steps you’ll be taking in order to get started with Bitcoin.
A virtual currency is the digital equivalent of cash.If you’re shopping online or at an airport, it might be worth buying the virtual currency to make your transaction more secure.But it’s a risky bet, especially if you’re unfamiliar with how digital currencies work.So we asked experts to give us their take on what to do […]
The price of virtual currencies like Bitcoin is surging to $500m, a major milestone for the virtual currency.The cryptocurrency surged more than 50 per cent in value in a week, climbing to $5,000 in early Thursday morning trade.Bitcoin’s value has soared more than 200 per cent since the start of the year, when its value […]
The virtual currency is a hot topic in the media lately.Some are calling it the next big thing, others think it will bring about the end of money and banking.The reality is there is not a lot of consensus among experts on the topic.A new report from the International Monetary Fund, which is not part […]
Virtual currencies, which are not backed by any actual money, are a popular option for the wealthy.They allow people to trade for goods and services without ever having to go into a store or store a credit card or bank account.People use virtual currencies for everything from buying online to paying for their groceries, as […]
Virtual currencies, also known as cryptocurrencies, are increasingly popular as a form of payment online.They are not issued by any government or government-approved authority and do not have a government-issued face value.The virtual currencies are widely used in the virtual world and, in some countries, are illegal.Al Jazeera’s Peter Greste reports from Dubai.
The price of Bitcoin has surged past the $1,000 mark, reaching an all-time high this week as traders continue to pour in.But as Bitcoin has gained traction, there has been increasing concern among investors that it could become a bubble and that investors could lose their investments.Investors are concerned that the price of virtual currency […]
The world is waiting for the next big thing, and the Bitcoin has been one of the best performing cryptocurrencies.And now, it’s being pushed into the mainstream.What makes Bitcoin special?Why is it so popular?Are there any other cryptocurrencies?Tune in to the first episode of the podcast to find out.