Bitcoin, as a leading cryptocurrency, is at a point that everyone knew it would come to. Everyone hoped this wouldn’t be potentially threaten the stability of the whole blockchain invention. Nevertheless.
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As the old saying goes, there are two sides to every coin. Some positive and also some negative movements have been noticed lately around Bitcoin. Finally, after a long period of decline, the Bitcoin price has started to increase. It has passed the $256 resistance level.
Even if the resulting technical analysis is in favour of this continuous increasing trend, a new resistance level is expected around $267.
2014 was a very interesting year for Bitcoin: even though its price dropped 67%, there were major moves in terms of trade, transactions, and capital investments. Big brand names like Microsoft, Dell, Expedia, Dell, NewEgg, and Overstock started to accept Bitcoin payments.
For those of us who prefer to avoid the in-store mania that is part and parcel of the Christmas shopping season, Bitcoin offers a quiet alternative. More and more businesses are accepting Bitcoin and other cryptocurrencies as payment for their products: electronics, clothing, jewelry, flowers, vacations, gold and silver coins, handmade crafts, basketball game tickets, tools, home improvement supplies, art, and let’s not forget gift cards.
How to improve inclusion in the Internet Governance Forum (IGF) process through online resources, tools, and facilitation was one of the points of discussion at the IGF 2015 Open Consultations and Multistakeholder Advisory Group (MAG) meetings in Geneva during the week of 2 December. A small but significant semantic point clearly highlights a change in attitude and perception of what has often been called ‘remote’ participation.
As we follow Bitcoin’s expansion, we see that a lot of retailers are now accepting Bitcoin as a payment method. Some non-profit organisations have also decided to make a change and say yes to donations in bitcoins. Bitcoin’s philanthropic activity has also increased significantly.
Since the last DiploFoundation/GIP conference on this topic, a lot of changes have occurred with Bitcoin, a software-based online payment system. More than 60,000 online retailers now accept virtual currencies worldwide. This growing popularity has seen backers of the currencies push for greater mainstream adoption.
Yesterday, at the International Institute for Management Development (IMD) in Lausanne, Switzerland, more than 100 people gathered to watch a debate between the ‘Bitcoin Jesus’ Roger Ver and the IMD’s Professor of Finance Arturo Bris. Of those present, just 30% were actual Bitcoin users. As we soon saw, there are a lot of question marks about the technical, legal, and economic aspects of this currency.