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Archive for Renata Yevseyeva

Australia’s First Bitcoin ATM Set for Melbourne

A local exchange plans the first Bitcoin ATMs in Australia starting with Melbourne.

And 21st Century Bitcoin Exchange says discussions will start soon with the government on regulating the Bitcoin market.

“With Bitcoins revolutionising traditional monetary transactions, Australia-based 21st Century Bitcoin Exchange is the first company to set up a Bitcoin ATM in the country,” the company said in a written statement.

The company, which established www.bxe.com.au, is backed by 21st Century Media and Education Group of Companies and US Company International Operations LLC.

21st Media CEO Jamie McIntyre, who is hosting Australia’s first Bitcoin Global Conference in Melbourne in March, says he is trying to secure the Winklevoss twins (who shot to fame for suing Facebook) as the headline speakers at the event.

The twins reportedly invested $11 million into Bitcoin a few years ago.

Source: http://www.businessinsider.com.au/bitcoin-atms-for-australia-the-first-in-melbourne-2013-12

Originally posted 2013-12-30 01:53:16.

Enriching: Agora Commodities Bitcoin Silver Specie

Agora Commodities has teamed up with New Liberty, the makers of the Bitcoin Silver Specie, in order to shorten much of the gap that still exists between the historical standard of money i.e., gold and silver and the digital world’s first currency, Bitcoin.

The possibility of silver specie being an integral part of Bitcoin’s promising future is highly likely. Gold and Silver are great for in person transactions but are highly burdensome as distance and countries increase. Bitcoin is very useful in sending money throughout the world but lacks luster at point of sale due to its need of six network confirmations before you can trust you actually have your bitcoin.

Bitcoin’s value is consensus based, not backed, and not intrinsic. Bullion is the opposite. The hope is that by providing this offering Agora Commodities creates a way to unify these, and in so doing make each better than they could be alone.

Agora Commodities, already the largest bullion dealer accepting bitcoin for payment, is confident that sound monetarist throughout the world will embrace this new bullion standard. Visit Agora Commodities to secure your Bitcoin Silver Specie.

Source: http://www.prweb.com/releases/buybitcoin/silverspecie/prweb11452265.htm

Originally posted 2013-12-29 04:16:40.

Vandelay Web Accepts Bitcoin Payment

Web and systems development firm, Vandelay Web, announced Friday that they would now accept the online currency, BitCoin, as a valid form of payment for their services. Per coinmap.org, Vandelay Web will be one of only nine merchants in the metro Atlanta area to accept the new digital currency.

Vandelay Web president and founder Mark Runyon said of the move, “We are a big believer of this new digital currency. Regardless of its inherent volatility, we know BitCoin will become an important fixture in the global economy in the days ahead. Not many businesses want to be the first to move on accepting BitCoin payment, but we fully support this technical innovation and want to see it grow.”

The announcement comes as the cryptocurrency, currently trading around $750 a coin, hit an all-time high of $1130 per coin in early December. At the end of 2012, it was trading as low as $13 a coin. Other high profile companies like Overstock.com and Reddit have recently announced they will be accepting the currency as payment.

Beyond the currencies meteoric rise, Bitcoin has been a hot button topic in the news lately as China’s central bank has said its citizens can’t make new deposits in the currency. It also came under fire recently with the shutdown of illegal marketplace Silk Road. The peer-to-peer nature of the BitCoin network made it easy to conduct illicit transactions on the Silk Road marketplace. Once federal authorities shut down the site, seizing all of its assets, the government instantly became the largest holder of a BitCoin wallet on the Internet.

Runyon went on to say, “I believe the biggest thing standing in the way of BitCoin is acceptance. More businesses need to discover its value and take the lead. The technology is amazing, and BitCoin providers, like Coinbase and BitPay, are giving merchants more apps and tools to easily accept and process funds. Vandelay Web is excited to be leading the charge.”

Headquartered in Flowery Branch Georgia, Vandelay Web focuses on building websites and internal corporate systems for small to medium-sized businesses. The firm also runs web marketing and SEO campaigns for businesses as well as assists clients in constructing their social media strategy.

Source: http://www.prweb.com/releases/2013/12/prweb11449413.htm

Originally posted 2013-12-29 03:21:15.

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