Bitcoin News Video 18 May 2013

Bitcoin is getting so popular that basically we have the mainstream media stalking us online and now on Youtube, you can see a lot of news coming from respectable traditional news media.

From English News Today

From Fox News

We are really getting there.   Some Bitcoin inquiries will be all over the place and I guess we can finally use our Bitcoins at say MacDonalds or 7-11 or Subway?   I really hope such a day will come, not too long from now.

Seizure of a Bitcoin Exchange Account

This was the news I mentioned earlier about Mtgox account being seized.   Hope that they can solve it fast and good!  Mtgox is basically the bedrock of our Bitcoin exchange systems.

An update is here:

Bitcoin 18 May 2013

The current Bitcoin price is $123.50 with an average of $121.44 for the last 24 hours.   This is a narrow range I must say about a deviation of $2 which is stable and good.  Volume stands at 79 463.33.  

Blocks    236635
Total BTC    11.166M
Difficulty    11187257
Estimated    12018011 in 1253 blks
Network total    82.882 Thash/s
Blocks/hour    6.21 / 580 s

Bitcoin news coming from the Los Angeles Times!  Business Section about Bitcoin concept is gaining currency!    This is a great post alright!   It is telling us that Bitcoin came as a rebel but is gaining popularity with Silicon Valley with about 1000 representatives this weekend discussing about Bitcoins!   I love this quote "I think we're starting to see Bitcoin moving out of the shadows of the Internet into something that becomes more mainstream," said Jeremy Liew, a partner at Lightspeed Venture Partners. "We're starting to solve real problems for real people. And that's exciting."   We are getting there Brothers, we are going Main Stream!   Just look at the number of Venture Capitalists mentioned in this article.  It seems that they are all over us wanting to throw money at us to bring Bitcoins into mainstream!   My main worry is the last part which mentions about government intervention.   Hope they won't caused too much a problem for us by introducing some ridiculous laws.

Bitcoin 17 May 2013

The current Bitcoin price is $117.14999 with an average of $114.95 for the last 24 hours.   This is a good $4 more than 16 May 2013.  But is still a gradual move.  Volume is at 43 004.93.   

Blocks    236520
Total BTC    11.163M
Difficulty    11187257
Estimated    11836491 in 1368 blks
Network total    80.929 Thash/s
Blocks/hour    6.06 / 594 s

Not quite a good news today with US Officials Freezing an account related to a Bitcoin Exchange.   Well they are alleging that Mt Gox is conducting "unlicensed money service business".   The USA Treasury Department wants Bitcoin exchanges to be "subject to the same money-laundering rules as traditional providers".

Mt. Gox couldn't be reached for comment. A statement on its website said the company had "read on the Internet" about the warrant.

 Hope that Bitcoin providers especially such a major player the likes of Mt. Gox will be able to settle such issues and push forward to make Bitcoin a main Internet currency of the world.

Coingig.com CEO Comment

"Coingig is working 24/7 to bring the bitcoin world all the products they can buy with fiat available for bitcoin. We want to become the Amazon of Bitcoin!"

We certainly wish them the best and more.  Just to repeat, the url for Coingig - The Bitcoin Marketplace.   Do visit them as first choice if you need anything.  Support Bitcoin's usage!

Coingig.com - The Bitcoin Marketplace

Firstly we are not advertising for anyone for monetary gains.   But we are highlighting the brave new sites that build upon the foundations of Bitcoins.   Technically we have a great and stable wallet now.   There are also more and more transaction tools to help with the buying and selling using Bitcoins.   Our weakest links are to persuade enough merchants to adopt Bitcoins.   Coingig - The Bitcoin Marketplace is one of the early adopters.   Going through their web site, I am glad to see the ease of navigation and payment.   352 products at the last visit.   Certainly hope that they will grow fast and expand with more and more products allowing us to use our Bitcoins easily.

Come on, Bitcoin comrades, give our support to those stores who accept Bitcoins and give them first priority!

Bitcoin 16 May 2013

The current Bitcoin price is $114 with an average of $110.89 for the last 24 hours.   This is a good narrow range which really says something about the stability of our Bitcoins.  

Blocks    236353
Total BTC    11.159M
Difficulty    11187257
Estimated    11721521 in 1535 blks
Network total    77.658 Thash/s
Blocks/hour    5.82 / 619 s

Bitcoin News - The coming political battle over Bitcoin which is quite heartening as it claims that Bitcoin had the attention of the mainstream media.   However further reading is disappointing, as it talked about Bitcoin being misused by criminal elements, as if the USD or any other currency hasn't.  Next on CNN Money, "I would be very surprised if Bitcoin is still around in 10 years," said Bremmer, the founder and CEO of Eurasia Group, the world's largest risk consulting firm.  A doomsday prediction for Bitcoin.   Definitely hope that he is wrong and absolutely wrong.