Entrepreneurship

The World’s First $1 Million Bitcoin Mining Auction

"A bitcoin mining company just sold more than $1,000,000 worth of hardware. ASICMiner is a publicly traded bitcoin company that both operates and sells bitcoin mining hardware. In their latest auction they successfully sold 180 ASIC mining blades for 49.99 bitcoins (BTC) each. Friedcat, the CEO, announced two weeks ago that they would be selling usb-powered mining devices for 1.99 BTC each. There is clearly a lot of demand for bitcoin mining hardware. The question in any gold rush is who will do better: the people mining, or the people selling the shovels? ASICMiner decided they can do both." Continue reading →

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Bitcoin facing bank backlash in Canada too

"Virtex, based in Calgary, is an online market that matches Bitcoin buyers with sellers, with about $13-million of trades under its belt. But earlier this month Royal Bank of Canada quietly informed Mr. David that it would no longer do business with his company. 'They shut down our account without any reason,' said Mr. David, an ebullient entrepreneur with a background in technology companies. 'They just said we have the right to refuse service to whomever we wish.' For whatever reason, many in Canada's small but fast growing Bitcoin community are suddenly dealing with the same problem: The banks are shutting down the accounts of businesses that deal in it." Continue reading →

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Bitcoin Hardware Wallet: Alpha Software Demonstration

"This is a demonstration of the alpha version of my Bitcoin Hardware Wallet, code-named the Bitcoin Titan. All of the necessary features are implemented and working correctly. The software is undergoing final polish and testing. The first board spin is underway. Obviously, excuse the crude graphics and wonky font; those will be cleaned up during the polishing." Continue reading →

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Bitcoin concept is gaining currency

"Bitcoin's growing popularity and a recent surge in value has caught the eye of entrepreneurs and venture capitalists, including some who are convinced that Bitcoin could be the biggest thing on the Internet since, well, the Internet itself changed our lives two decades ago. This weekend, about 1,000 representatives of the growing Bitcoin economy will gather to discuss how far the currency has come, and what needs to happen next to fulfill what they see as its revolutionary promise. So far, Bitcoin has been used to buy games and virtual products from Internet merchants. Online exchanges have also sprouted up to trade the currency." Continue reading →

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Rich Manhattan moms hire handicapped tour guides to cut lines at Disney World

"Some wealthy Manhattan moms have figured out a way to cut the long lines at Disney World — by hiring disabled people to pose as family members so they and their kids can jump to the front, The Post has learned. The 'black-market Disney guides' run $130 an hour, or $1,040 for an eight-hour day. 'My daughter waited one minute to get on ‘It’s a Small World’ — the other kids had to wait 2 1/2 hours,' crowed one mom, who hired a disabled guide through Dream Tours Florida. Disney allows each guest who needs a wheelchair or motorized scooter to bring up to six guests to a 'more convenient entrance.'" Continue reading →

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Roadside manicure services boom in Nigeria

"A comfortable salon may be the ideal place to have a manicure-pedicure, but in Nigeria’s sprawling economic capital, the curb above a open sewer works just fine. Privately tailored suits delivered to your home or office are a luxury reserved for the wealthy in some cultures, but in Lagos, many in the middle class are also in regular contact with their personal clothier. And, while paying for your toe and fingernails to be soaked, scrubbed, trimmed and moisturised is considered a luxury in some parts of the world, in Lagos, 'it’s for everybody,' said Bashir Haruna, 32, a groom at a polo club who also hauls boxes at an appliance store for extra cash." Continue reading →

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Palestinians can now order Kentucky Fried Chicken via tunnel to Egypt

"Junk-food starved Gazans can now order KFC to go thanks to a new smuggling service which brings takeout from Egypt via a network of underground tunnels. It’s not exactly 'fast' — taking several hours to arrive, with the Palestinian delivery company behind it charging hefty prices to cover the cost of fuel and transport. 'Last chance to order for the Thursday 6:00 pm delivery is Wednesday night,' says the Yamama delivery firm on its Facebook page. Yamama then orders the meals, about 30 on a typical run, from the KFC outlet in the Egyptian city of El-Arish, some 40 kilometres (25 miles) away. There are no international fast food chains in Gaza." Continue reading →

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You can now spend bitcoins at your local mall

"Last week, bitcoin payment processor BitPay announced a deal with Gyft, a seven-month-old Google Ventures-backed software app that lets users buy and upload retail gift cards to Android-based smartphones. The partnership will allow customers to use bitcoins to buy gift cards for stores such as Gap, Lowe's, Sephora, GameStop, Burger King and over 200 other retailers. While those stores won't handle the bitcoin transactions themselves -- that's done by Gyft and BitPay -- it brings the number of locations where customers can effectively pay with bitcoins from around 8,000 nationwide to over 50,000, according to BitPay co-founder and CEO Tony Gallippi." Continue reading →

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