Entrepreneurship

Bitcoiniacs Bitcoin Store Opens In Vancouver

"Bitcoiniacs - The Bitcoin Store is Vancouver’s first physical bitcoin exchange. Our mission is to make the process of buying and selling bitcoins simple, safe, and secure for everyone. If you don’t quite understand how bitcoins work, don’t worry, all you need to do is get yourself down to the store and we’ll help you out. If you already have a bitcoin wallet, then please bring your wallet address or a mobile bitcoin wallet application with you. We have also partnered with BitPay, Bitcoin’s leading payment processor, to help merchants easily accept bitcoin payments from their customers. Bitcoiniacs is open to the public Saturday and Sunday from 12 – 4." Continue reading →

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With New Initiative ‘Galactic,’ PayPal Wants To Own Payments And Commerce In Space

"In a slightly bizarre announcement today, PayPal is debuting PayPal Galactic, an initiative to own universal payments and commerce in space. Yes, outer space. PayPal is looking to address and solve the problems of what the standard currency looks like in a cash-free interplanetary society, and how banking, risk and fraud management systems will adapt to this. The company says that there is already the need for a galactic payment system. Astronauts inhabiting space stations still need to pay for life’s necessities—from their bills back on Earth to their entertainment, like music and e-books, while in space." Continue reading →

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Bitcoin Exchange Berlin to Open on Saturday, June 29

"More and more people in Germany know that the Euro system will inevitably collapse, so they want to be prepared for what comes next. Germans are especially sensitive, as we went through two major monetary disasters in the last century, and the Euro will surely be the next one. So many people now think about getting their savings into gold, silver and Bitcoin. Platoon Kunsthalle is an ideal site for the Bitcoin Exchange Berlin as it serves as a communication consultancy specializing in mobilizing cultural movements and community events." Continue reading →

Continue ReadingBitcoin Exchange Berlin to Open on Saturday, June 29

Bitcoin Black Market Competition Heats Up, With Pro Marketing And Millions At Stake

"Watch the cheery video ad for the latest dark-web drug marketplace today, and you’d be forgiven for thinking it was selling a service as mainstream as online dating or car insurance. Atlantis, which launched in March, is poised to take on the Silk Road, which remains by far the biggest drug sales site, with close to 60,000 unique visitors a day by one researcher’s rough measure and $22 million annual sales according to a study last year. Both run on the anonymity service Tor to hide the location of their servers and the identities of any visitors to their sites, and both accept Bitcoin to avoid having their transactions tracked through bank records." Continue reading →

Continue ReadingBitcoin Black Market Competition Heats Up, With Pro Marketing And Millions At Stake

More Small Businesses Embrace Bitcoin

"Having the latest technology can help a small company stand out against the competition. And that is perhaps the biggest reason Bitcoin, a nascent system using virtual currency to make payments online, has drawn a strong following among small-business owners. It is unclear if business transactions were part of the original vision for Bitcoin, which was started in 2009 and isn't backed by a central bank. BitPay Inc., an Atlanta firm that processes Bitcoin payments, says it has signed up more than 8,000 merchants world-wide—all small companies—since it formed in May 2011." Continue reading →

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Who Says the Market Cannot Supply Its Own Money?

"I just arrived back from lecturing at the week-long Free State Project’s Tenth Annual Porcupine Freedom Festival, a huge gathering of libertarians of all stripes from all over the U.S. in the beautiful White Mountains of New Hampshire. Many of the vendors accepted an array of payments media. I was particularly struck by the sign on one stall which read: 'Bitcoin, silver coins, Shire Silver, ammo and even Federal Reserve notes accepted.' I was also delighted to discover that privately minted gold and silver money were circulating at the festival in the form of the aforementioned Shire Silver. These were widely accepted as media of exchange by vendors and paid out in change." Continue reading →

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Private Fee-For-Service Medical Practice Now Accepts Bitcoin

"Whether coming to us for treatment of a new sore throat, for immunizations before a business trip to India, for the complex care of a parent who’s homebound with a stroke, or for something more sensitive like addiction to opiates, we offer a highly confidential and discreet experience at our offices in the heart of downtown San Francisco. But one important part of the confidentiality puzzle is payment. So My Doctor Medical Group is now pleased to announce that we accept payment for medical services in Bitcoin, the virtual currency that offers heightened security and enhanced privacy." Continue reading →

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Marijuana Stocks: How to Legally Invest in the Ultimate Cash Crop

"In short, we just don't know enough about these businesses yet to make a low-risk investment. Does this mean you shouldn't look into Medbox or Cannabis Science? Not necessarily. But investors would need to treat the position as money taken to the casino -- speculative and expendable. As time goes on, and politicians continue to be influenced by the more than 70 percent of our nation's population who believe pot should be legal for medical purposes, the marijuana industry will be seen more and more as a "legitimate" business. For opportunistic investors, there will be some incredible investing opportunities. For now, though, just chill, dude." Continue reading →

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Holocaust survivor and US tax fugitive Marc Rich dies at 78 in Switzerland

"Billionaire Marc Rich, who invented oil trading and was pardoned of a life sentence by President Bill Clinton over the then-biggest tax evasion case in U.S. history and busting sanctions with Iran, died on Wednesday from a stroke in Switzerland at 78. Rich fled the Holocaust with his parents for America to become the most successful and controversial trader of his time and a fugitive from U.S. justice, enjoying decades of comfortable privacy at his sprawling Villa Rosa on Lake Lucerne. Belgian-born Rich, whose trading group eventually became the global commodities powerhouse Glencore Xstrata, died in hospital from a stroke, spokesman Christian Koenig said." Continue reading →

Continue ReadingHolocaust survivor and US tax fugitive Marc Rich dies at 78 in Switzerland

Former Clinton, Cameron Advisors: ‘Why Bitcoin is on the money’

"This phenomenon is part of a wider trend towards networked and globalised power structures that tend to undermine the nation state-based systems to which we have grown accustomed. Last week, the world’s most powerful nations grappled with the complexity of a global tax system. But almost unnoticed, the rise of digital currencies like BitCoin threatens to render obsolete even the modest progress made by the G8. BitCoin's distributed network structure makes it hard for any one country or group of countries to regulate its activities. Opportunities for larger players are presented by immediate and secure value transfer, delivered anonymously and at next-to-zero cost." Continue reading →

Continue ReadingFormer Clinton, Cameron Advisors: ‘Why Bitcoin is on the money’