Dec 25, 2013
From eatery to meetup, entrepreneurs increasingly accepting ‘bitcoins’ in India
Posted by Seb in categories: bitcoin, business
Continue reading “From eatery to meetup, entrepreneurs increasingly accepting 'bitcoins' in India” »
Continue reading “From eatery to meetup, entrepreneurs increasingly accepting 'bitcoins' in India” »
Terence Lee for Tech in Asia
The Monetary Authority of Singapore (MAS), the country’s central bank, has decided not to intervene on whether businesses can accept Bitcoin as a means of transacting goods and services.
“Whether or not businesses accept bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene,” it told Singapore-based Bitcoin trading platform Coin Republic in an email.
In May, brothers Guiseppe and Mario Lanzone started a Peruvian food business in Washington, hoping to cash in on the District’s enchantment with food trucks.
Today, the two are betting on another trend: a virtual currency called Bitcoin. The Lanzones decided a few weeks ago they would be accepting Bitcoin, announcing the change in a tweet to their 800 followers.
By Julie Bort — Business Insider
Here’s an interesting idea: Maybe your company could be raising extra money by using its data center to mine for bitcoins at night.
The thought was half seriously suggested by Jason Langone, director of Federal Sales at a hot Valley startup called Nutanix. He wrote a blog post that explains how it could be done.
Online retail outlet Overstock.com will start accepting Bitcoins as early as the end of Q2 2014, according to CEO Patrick Byrne.
They will be the first major online retailer to do so. The news was first reported on newsBTC.
Byrne told us by phone this afternoon that he considers himself a believer in the Austrian economics school, which says fiat currency, like the U.S. dollar, is fundamentally flawed since it is prone to inflation and manipulation. Bitcoin, like gold, is immune to this, since there is a fixed supply.
“Philosophically, we support Bitcion,” he said.
Ernst & Young LLP is predicting a rise in demand for certain types of insurance, such as cyber and nanotechnology.
The consulting firm announced Tuesday the release of the EY 2014 US Property-Casualty Insurance Outlook, which recommends that P&C carriers “invest in innovation of product development processes and delivery to meet rising demand for protection.”
For example, according to the report, a lack of “any meaningful history” with nanotechnology indicates that potential risks are not easy to assess.
“The emerging applications of nanotechnology in the manufacture or use of medicine, cosmetics, drug delivery, robotics, materials science and other products and systems create potential liability exposures,” EY noted. “Examples include bodily injury (analogous to asbestos exposure) and environmental damage from nanoparticles escaping uncontrolled into the air or water supply.”
Bitcoin is a somewhat mysterious, fairly confusing type of digital currency that, until recently, you could use to buy large amount of drugs on the internet. But now you can use Bitcoin for something (arguably) even better than drugs: New York City real estate. A tipster recently sent along a listing for a $2,580/month one-bedroom sublet in 99 John Deco Lofts, accepting Bitcoin, which hit the market last month. And today, online apartment search marketplace RentHop announced in a press release that it will be accepting Bitcoin from people advertising NYC apartments on its site.
The clever automation service IFTTT is getting a lot more powerful today with the addition of location features. In an update to IFTTT’s iPhone app that’s rolling out now, the service will be able to begin watching your location, allowing it to automatically trigger tasks based on where you are. When you’re nearing home, you could have IFTTT automatically turn on your connected light bulbs, send an SMS to your roommate that you’re on the way, or send out a tweet that you’re back, among dozens of other possibilities. It’s also added in special triggers for Facebook, Twitter, Instagram, and Foursquare that can let you automate a task whenever you post from one of them at specific location.