Editors Note: Sorry for the delay in updating, summer holiday has taken over for most of August.
Bitcoin continues to find its way in the digital currency and business marketplace. Currently there are some people asking for their salaries to be paid in this currency (See article here), while others are down on the currency itself. Whatever happens, it is clear that Bitcoin has certainly changed the outlook of the business world by acknowledging that digital currencies are viable.
Currently, there is a trend to change the denomination of the Bitcoin into 1/1,000,000 pieces to allow them to be more accessible to everyone.
"The price of bitcoin has increased tremendously since bitcoin was introduced five years ago, and as such, early adopters of the digital currency have had to express its values in much smaller units – millibits, microbits or satoshis, for example. 1 BTC is the equivalent of 1,000,000 bits."
Based on the latest news, it appears the newly aquired gaming channel Twitch.tv also accepts Bitcoin.
Bitcoin continues to find its way in the digital currency and business marketplace. Currently there are some people asking for their salaries to be paid in this currency (See article here), while others are down on the currency itself. Whatever happens, it is clear that Bitcoin has certainly changed the outlook of the business world by acknowledging that digital currencies are viable.
Currently, there is a trend to change the denomination of the Bitcoin into 1/1,000,000 pieces to allow them to be more accessible to everyone.
"The price of bitcoin has increased tremendously since bitcoin was introduced five years ago, and as such, early adopters of the digital currency have had to express its values in much smaller units – millibits, microbits or satoshis, for example. 1 BTC is the equivalent of 1,000,000 bits."
Based on the latest news, it appears the newly aquired gaming channel Twitch.tv also accepts Bitcoin.
So, with this news, what has happened to the price of Bitcoin over the past few weeks. Unfortunately, we appear to be heading in a downward trend on the unit pricing of Bitcoin.
Virtex Canada - 10 Day Chart
BTC-E - 10 Day Chart
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