Russian fundraising platform WebMoney Funding allow its users to accept Bitcoin

The fundraising platform WebMoney Funding from now on will allow its users to accept transfers made in Bitcoin (BTC). This option will automatically become available to all projects owners. Funds will be received into a user’s internal account on the Funding platform with an option of withdrawing funds to their X-purse later. WebMoney Funding allows … Read more

Bitcoin price climbs to highest level in nearly 3 years

  Bitcoin traders are finally moving past the collapse of Tokyo-based digital-currency exchange Mt. Gox. The price of a single bitcoin US:BTC/USD touched $777 on Friday, its strongest level since February 2014, when reports that hackers had stolen millions of dollars’ worth of customers’ bitcoins from Mt. Gox, formerly one of the world’s largest bitcoin … Read more

Demonetization is Leading to Another Catalyst for Bitcoin Demand and Prices

India’s economy is making swift progress towards the digitization of money. Whilst this is great news, as they are keeping up with technological advances globally, India is faced with consequences surrounding the weak infrastructure, lack of internet access, smartphone devices and weak financial technology that is necessary for online payments. According to Credit Suisse, over … Read more

India’s rupee restrictions are boosting demand for bitcoin

Indian Prime Minister Narendra Modi’s decision to withdraw 500 and 1000 rupee notes from circulation has sparked interest in bitcoin among India’s consumers. Following last week’s announcement that the notes were no longer legal tender, sales volumes for bitcoin increased on several exchanges for the digital currency, according to The Hindustan Times. The announcement by … Read more