Tag Archives: digital currency

Will Overstock Force IRS To Make Up Its Mind About Bitcoin?

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Overstock raised eyebrows earlier this month when the retailer announced it would accept Bitcoin as payment. While Bitcoin has slowly been making inroads into the U.S. economy, Overstock is by far...
    






A $100 Worth Of Litecoin A Year Ago Is Worth $30,000 Today

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Last month, we subjected readers to a hindsight lament: How you should have spent $100 at the beginning of 2013. Using the Forbes time travel machine, we went back to last January and dropped...
    






China Bites Into Bitcoin

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Bitcoins were worth nothing in 2009, when the digital cryptocurrency was first minted on the computer of its mysterious creator, Satoshi Nakamoto, who claimed to live in Japan. Four years later the...
    






Bitcoin Value put to the Test

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The real value of Bitcoin may be inferred from some of the effects its presence has in an online and offline environment. There are certain quarters that have labeled it as an evil phenomenon....
    






Bitcoin’s Incredible Year

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Last year at this time, valued at just $13.50, one Bitcoin could get you a movie ticket if you could find a theater that had 1) heard of Bitcoin and 2) accepted it. Fat chance. Luckily, Bitcoin...
    






Bubbles, Banks And Bitcoin

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We are used to money being created by the state. Or rather, we are used to money being created by banks on behalf of the state. The state has no direct control over the quantity of money created by...
    






Bitcoin Meets Google Trends and Wikipedia

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Bitcoin, the digital currency du jour, is a bit of an economic curiosity. Unlike gold, it has no intrinsic value. Unlike a currency issued by a country, its price is not affected by GDP, inflation,...