Bitcoin, as we know it has taken the world by storm and has a market cap of over $5 Billion spread over around 13 million Bitcoins. Few countries even have their own rules and regulations and countries like Russia are planning to stop the use of Bitcoins. But, they don’t realize that Bitcoin is a revolutionary new technology which has the potential to facilitate amazing things which can make the world a better place to live. What’s stopping this from happening is the lack of global awareness about Bitcoin, not many people know what is Bitcoin or how to use it. The need of the hour is to help people and more importantly merchants, understand Bitcoin and help them accepting Bitcoin. This should not be done in just a handful of countries but it should be done on a larger scale, all over the world.

Over the past few years, storing your Bitcoins has become a major cause of concern and with a lot of malware with Bitcoin stealing capabilities flooding the internet, this has become an even bigger cause of concern. Mt. Gox, which was one of the leading Bitcoin exchanges suspended its operations in February 2014, and it claimed that over 850,000 bitcoins were missing, which had a value of around  $450 million at that time. All of this conveys that there should be a much advanced level of security in the Bitcoin ecosystem.

When you go to your favourite website, say YouTube, what is the most prominent thing out there? Ads. Those annoying banners and popup, if you don’t know, contribute to the agencies who sell those ad slots, a whole lot of money. Online advertising is a $40 Billion industry now, and all that forty billion comes at the cost of annoying you to a huge extent. It is also the way the websites make money. It is not the only way they do so though.

The finance and taxation ministry of Spain had recently issued a notice that Bitcoin should be treated as a convertible virtual currency, a way of exchange which then can be converted into real currencies like Dollars, Euros and Pounds. This is one of those decisions which either the Spanish government will regret or the one that might help them achieve new heights.

CryptoLabs, a Bitcoin startup has announced a new credit card sized (although not that thin) multi signature hardware Bitcoin wallet. It is slated for a 2015 release.

Have you got any crypto currency? Well, if you have, then its safe to assume that you are constantly worried about its safety. If you aren’t, here is some information that will make you want to convert it back. Bitcoin is not like real money, which you can feel and hold. Real money can be locked safely somewhere while Bitcoin can be lost without a trace, because it is spent and received anonymously. Here’s the bombshell, once you lose Bitcoin, you can never get it back, unless you are or know an expert hacker. And also, almost 70% of the computer viruses are intent on sucking Bitcoin from your wallet. Then  there is also the possibility of  people stealing funds by stealing the PC in which you have stored your Bitcoin, if you have an offline wallet, in which case you can say farewell to your well earned money.

The trend of bitcoin is gaining momentum in all the countries of the world and users worldwide are interested to trade in this growing cryptocurrency. You can buy bitcoins or earn them. There are many ways to earn bitcoins. You can collect bitcoins from faucets, receive bitcoins by selling your services or products, and produce new bitcoins by mining. Bitcoin has shown rapid growth in its value after its launch and this is why bitcoin users are increasing. Everyone wants to earn profit from the positive movement of this cryptocurrency. Although it is true that you can earn profit by trading in bitcoins but before you really start to earn money in this cryptocurrency it is important to know that whether this currency is legally accepted in your country or not.

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Bitcoin has suffered from an image problem since its inception. Mainstream media, along with those who rely on it for information on the world around them, have rarely seen more than a quirky internet phenomenon that enables hackers to trade illicit data, drug dealers to operate complex international organizations, and anarchists to dodge taxes. The truth, however, is that bitcoin is a growing and thriving economy where almost any legitimate consumer good or service can be attained from someone who accepts bitcoin as payment.