Bitcoins: The New Global Reserve Currency?

Just kidding but we can dream, right? To be honest, we can’t imagine the fiat governments of the world allowing an upstart like alternative currency bitcoins to become the global reserve, but it’s fun to think about. There are a few issues to iron out first, such as...

What’s In Your (Digital) Wallet?

The typical wallet full of cash and a stack of cards may be a thing of the past – at least, that’s what the creators of a new digital “wallet” called Coin are hoping. But even as Coin racks up over half a million dollars in preorders, critics worry that the new device...

Can Cryptocurrencies Escape Shutdown?

Led by the Bitcoin, digital alternative currencies continue to quietly make inroads into the consumer economy worldwide. But the very qualities that keep these “cryptocurrnecies” circulating may also make them the target of government and corporate efforts to shut...

The Bitcoin, the Silk Road, and the FBI

How did the FBI end up with over $3 million in Bitcoins? How did the virtual currency become the medium of choice for transactions on the cybernarcotics site Silk Road? And more important, perhaps – why should we care? The saga of the world’s first digital money...