Topic: New York Times Story today! Online now, In print in tomorrow's (Nov 5) paper. - page 2. (Read 1389 times)

I see the usual stabbing at Bitcoin :

" Mr. Lee of BTCC said he was not seeing much of those sorts of transactions. But he said he had seen signs that Chinese investors were using Bitcoin to move money into an international investment scheme, MMM Global, which claims to have been created by a man who did prison time in Russia after a previous Ponzi scheme collapsed.

Bitcoin also continues to be used for illegal purposes. After the Silk Road online drug bazaar was taken down, imitators quickly popped up to take its place.

Bitcoin has also become the currency of choice for online ransom payments because Bitcoin addresses can be created without providing any personal information. The Cyber Threat Alliance released a report last week estimating that hackers had collected $325 million from CryptoWall, a virus that can freeze a computer’s files until an electronic ransom payment is made."

They have to include these highlighted words in any article to offset the good things being talked and also to hype up the article. I will not get too exited by this, they just trying to sell news papers and all the negative things are a attention grabber.  

I didn't find the article very informative but it's good that Bitcoin gets some advertising.

This is going to be another fun day, or a lull before the exchanges warm up.
It's nice for Gemini being in New York and the article is quite positive some of the fundamental infrastructure weaknesses are getting addresses the one that may still be a shadow is 1mb but for the most part its getting there.

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Past price rallies have generally been followed quickly by collapses, usually set off by some sign of weakness in the infrastructure of the Bitcoin industry.
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Exchanges of the Third Generation and Fourth with reasonable reputations are addressing this part so I like how the article went into the next part on that.

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The companies that currently handle most Bitcoin transactions seem to be far stronger than those that did in the past.

New York’s top financial regulator has granted trust company charters to two Bitcoin exchanges over the last year and both are now in operation, along with a California exchange, Coinbase, which is the largest in the country. On Wednesday, Coinbase reported trading volume four times as high as its recent average.

So far, big banks have not traded Bitcoin on these exchanges or invested in the virtual currency directly. But financial firms of all sorts have shown significant interest in the decentralized way in which Bitcoin transactions are handled and the new type of ledger on which all Bitcoins and Bitcoin transactions are recorded, known as the blockchain.
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Thanks for sharing and I'm happy that a lot of people will be reading this tomorrow,

Not bad, is always a great notice to see all those news on a big newspaper like nytimes.

Sad that they dont stop to talk about the sh*t of Mt. Gox, but in general they are talking good about bitcoin and the article is well written ( like they always did ), lets hope this help bitcoin to spread the word a little bit more.

I think i will link that news on my social networks

Yes indeed and the article is well written although there's a down side to this article as it seems thats not the only thing they recognized. For instance they also sited the ransom cases that have been happening lately which that alone have a negative impact in people's mind

  Looks like the paper of record is recognizing the price increase and its possible causes.  

http://www.nytimes.com/2015/11/05/business/dealbook/value-of-bitcoin-surges-emerging-from-a-lull-in-interest.html?_r=0