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Bitcoin News

A roundup of the top Bitcoin news from April 8 to April 14:

Monday, April 8

• Bitcoin Market Cap Shoots Past $2 Billion in Historic Milestone

Tuesday, April 9

• Bitcoin Stories: The 300 BTC Porsche, First Supercar Transaction

Thursday, April 11

• Bitcoin Theft: Mt. Gox Attack Pillages Investor’s Bitcoin Account

Friday, April 12

• Did the Bitcoin Bubble Burst Already?
• Winklevii Bitcoin: Twins Secretly Own 1% of the Bitcoin Economy

Sunday, April 14

• Video: Bitcoin Primer – Bitcoin Economy, Mining, Exchanges, and More

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Bitcoin News

A roundup of the top Bitcoin news from April 1 to April 7:

Tuesday, April 2

• Can Bitcoin Be Trusted as the Global Economy’s Safe Haven?
• Video: Max Keiser Predicts Bitcoin Market Growth to $1 Million Per BTC

Wednesday, April 3

• Bitcoin Stories: The Million-Dollar Pizza (10,000 Bitcoins in 2010)

Thursday, April 4 

• Is Bitcoin Hype or Reality? Real, And Also Controversial
• Bitcoin Exchange Mt. Gox DDoS Attack: It’s Been an Epic Few Days
• Bitcoin Hits the Front Page of the Financial Times

Friday, April 5

• Bitcoin Market Cap: Cash Currency That Crosses Borders

Saturday, April 6

• Skype Malware Spreads Bitcoin Mining Virus on Your Computer

Sunday, April 7

• Here Comes the Bitcoin Venture Capital
• Bitcoin Bubble: What Financial Experts Think

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Bitcoin Market Cap Exceeds $2 Billion

Bitcoin market cap has been on a tear lately and there seems to be no end in sight as the alternative currency passed $2 billion in market value over night.

Here are some of the top Tweets about this new milestone.

Market cap for BTC shoots past $2 bn. A $10 bn. market cap will INCREASE demand for BTC as institutions pour into this asset class.

— Max Keiser (@maxkeiser) April 8, 2013

Days it took for Bitcoin to reach first billion dollars of total dollar valuation (TDV): 1,545.Days to reach 2nd billion TDV: 11 #Bitcoin

— Bitcoin Trader (@bitcointrader) April 8, 2013

#Bitcoin has hit $2 Billion, up from $1B a week ago. It has gotten ridiculous. This demonstrates no faith in banking + finance.

— Navraj Ghataura (@navraj) April 8, 2013

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Bitcoin Market Cap

Bitcoins, then, are like cash — but they take the idea a step further than has ever been possible. If you give me a $100 bill, the transaction is anonymous and untraceable, but we both need to be in the same place at the same time. And it helps if we both live in a country where the US dollar is an accepted unit of currency.

With bitcoins, transfers can take place across continents and timezones with no problems, no timelags, and only minuscule transaction fees. No banks are involved; no central bank controls the money supply; no taxes ever need to be paid. Once you’ve obtained a stash of bitcoins, they’re yours to do with as you like.

Read more… medium.com.

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