Microsoft, MIT, and the Bitcoin Block Chain For Social Good

Brian Forde from the MIT Media Lab believes that the block chain and related technologies may serve to remind the government that they need to become more transparent and open. Forde's Digital Currency Initiative is specifically looking into ways that the block chain can be a force for social good. According to him, the block chain can be used to distribute social welfare. Forde thinks that some of the best innovations will come from the developing world, as their banking infrastructure is not as strong, and they can come up with stronger, more…Read more …

Why Bitcoin Purchases Have Been Soaring Lately

FRANKFURT (The Street) -- At least one "currency" is benefiting from the recent turmoil in Greece and China. Bitcoin is experiencing a bit of a bull run. The digital currency/technology surged 20% in value from June 8 through the July Fourth weekend. NYSE-backed bitcoin broker Coinbase reported a 300% increase in European activity outside of Greece in less than 48 hours during the last days of June, and recorded almost 120,000 transactions in a single day in the last 30. In fact, the hybrid status of bitcoins - the IRS defines them as…Read more …