Like this? Share it.

After the Bitcoin Crash

Although Bitcoin crashed hard last month, there are reasons to keep excited about Bitcoin, as GigaOm reports:

• Bitcoin is becoming more liquid

Gift card site Gyft has started accepting Bitcoin as payment.

• Real investors are starting to take Bitcoin seriously

This week, the WSJ reported that Fred Wilson’s Union Square Ventures is investing $5 million in Coinbase, a service that provides an online wallet and easy conversion between BitCoin and traditional currencies.

• Bitcoin is getting easier to understand

Forbes reporter Kash Hill kept a day to day diary of how she lived on BitCoin (albeit with difficulty) in San Francisco for a week.

• The government wants a piece of Bitcoin

 Commissioner Bart Chilton of the CFTC — the agency that regulates futures contracts  – says he’s thinking of regulating BitCoin.

Read the full report at GigaOm.

Like this? Share it.