Bitcoin Ponzi Scheme: New Coin, Old Scam?

Posts Tagged ‘bitcoin’

Bitcoin Ponzi Scheme: New Coin, Old Scam?

By The AMA Team on Wednesday, February 11th, 2015 | Comments Off

The Bitcoin is looking more and more like traditional money every day. In just a few short years, the upstart digital currency has gone from a mere novelty to a multimillion dollar trading commodity subject to many of the ills that plague “real” money backed by national and international banks. The latest step: a massive […]

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The Bitcoin Bounces Back

By The AMA Team on Tuesday, December 30th, 2014 | Comments Off

After a rough couple of years, the Bitcoin is surging back with a vengeance. Just a year after its fall from grace in the Silk Road drug site scandal, the digital currency’s market value has even beaten gold in the world’s markets. Whether hailed as a welcome alternative to government-controlled currencies or despised as a […]

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Drug Lord or Hero: The Silk Road’s Founder Confounds Expectations

By The AMA Team on Wednesday, December 3rd, 2014 | Comments Off

The Silk Road is dead. That eclectic online marketplace for trafficking in illegal substances of every kind was raided and shut down in 2013 by the FBI and other federal agencies, who confiscated its multimillion dollar store of Bit coin. But its mysterious founder, known online as Dread Pirate Roberts, continues to confound. This enigmatic […]

A Cash Free Society? Sweden Leads the Way

By The AMA Team on Thursday, October 16th, 2014 | Comments Off

Hard metal in the hand or virtual numbers on a card, money is what people agree that it is. And now, as Sweden moves quietly toward a cash-free society, the very nature of money – and what it means – could be forever changed. Sweden has long been in the vanguard of cultural shifts. Its […]

The MintChip: Mainstream Banking Tries to Get Digital

By The AMA Team on Monday, June 2nd, 2014 | Comments Off

It sounds like a new kind of snack: the MintChip. But this product of the Royal Canadian Mint represents a new stage in the evolution of digital currency: digital money created and controlled by a state bank. And its demise in April 2014 serves as a cautionary tale about the efforts of governments and traditional […]

What’s In Your (Dark) Wallet?

By The AMA Team on Wednesday, April 30th, 2014 | Comments Off

The Bitcoin is making more and more strides toward worldwide acceptance—and that’s fueling increased efforts to regulate use of the new digital currency. But Bitcoin supporters who embrace the freedom and anonymity of the Bitcoin and other monies like it are fighting back as only they can –with new technology. The newest weapon in their […]

Exchange CEO’s Suicide Adds to Bitcoin Turmoil

By The AMA Team on Thursday, March 20th, 2014 | 1 Comment

The Bitcoin, pioneer of the digital currency movement worldwide and once the darling of liberty lovers everywhere, has suffered some major setbacks in its march toward acceptance as a real alternative currency. But whether – and how – the Bitcoin weathers those rough spots may prove the true test of its staying power, as the […]

Digital Currency Scams Hit the Internet

By The AMA Team on Wednesday, March 5th, 2014 | Comments Off

If a new financial trend woos consumers, can scam artists be far behind? As the Bitcoin and other digital currencies are alternately hailed as striking a blow for financial independence, or a tool for cybercrime and corruption, new scams are popping up that highjack the accounts of those who use high profile internet exchanges like […]

Can The World Have Too Many Currencies?

By The AMA Team on Thursday, February 13th, 2014 | 3 Comments

While the Bitcoin continues to grab headlines for reasons good and bad, other digital currencies are quietly staking their own claim in the international money markets. As it’s becoming clear that virtually anybody can put a digital money system in place, economists and financial experts worry about the impact these upstarts could have on the […]

Is Digital Currency Real Money?

By The AMA Team on Saturday, February 8th, 2014 | 2 Comments

Banned by governments, implicated in drug market money laundering and welcomed worldwide to buy big and small ticket items, the Bitcoin is paving the way for new ways to by and sell that are far removed from the traditional models of money. But the jury’s still out on whether it can behave like “real” money […]

Danger Signs for the Bitcoin in Exchange CEO’s Arrest?

By The AMA Team on Wednesday, January 29th, 2014 | Comments Off

Is there a plot to kill the Bitcoin? The recent arrest of Bitcoin exchange exec Charlie Shrem makes some advocates of the digital currency believe so, as one of the charges filed against him in the Silk Road money laundering case appears to open the door for targeting alternative currency systems of all kinds. Charlie […]

Do It Yourself Digital Money: The Open Transaction Project

By The AMA Team on Sunday, January 5th, 2014 | 1 Comment

Bored with the Bitcoin? Frustrated with the limitations of the Ven, the LItecoin, the Feathercoin? Just make your own digital currency – it’s easy and free. While that may be a slight exaggeration, the very proliferation of those Bitcoin clones and other alternatives confirm the fact that available technology makes it possible for anyone to […]

The Ven: A New Challenge to Mainstream Money?

By The AMA Team on Saturday, December 21st, 2013 | 4 Comments

While the Bitcoin keeps on making headlines with its inroads into traditional money markets, other kinds of digital monies are quietly following in the Bitcoin’s cyberfootsteps, proving that virtually any culture in the world can create its own functional currency system. The Ven, an eco-friendly digital currency, demonstrates how easy it is to challenge traditional […]

Is There a Bitcoin Backlash?

By The AMA Team on Sunday, December 15th, 2013 | 5 Comments

The clearest indicator that the Bitcoin is here to stay may be the fact that the digital currency has made enemies in high places. As the upstart coin continues its march toward global legitimacy, advocates of the Bitcoin have worried that it might become the target of government and financial institutions threatened by its growing […]

Posts Tagged ‘bitcoin’