Bitcoin’s Price Skyrockets Following PayPal’s Hug

his morning, PayPal rolled out broader support for bitcoin, allowing merchants to accept the cryptocurrency as payment for digital goods. The reaction to bitcoin itself has been immediate and positive.

The PayPal integration is minor — users won’t be able to start stashing their bitcoin in their PayPal accounts, but merchants that use certain PayPal services, and are located in North America, will be able to accept bitcoin. PayPal is relying on several bitcoin payment providers to manage the transactions. The implication there is that PayPal, and its parent company eBay, will never hold bitcoin themselves.

The news had an immediate impact:
Screen Shot 2014-09-23 at 11.27.34 AM

Hello bitcoin, and welcome back to form.

The other side of the above is that PayPal is willing into existence a host of new exit points for current bitcoin holders. The argument is simple: The easier it is for current bitcoin holders to cash out their holdings for IRL, or meatspace, goods, the more they will. If it was hard to do so, there would be more friction and thus less activity of that sort.

PayPal, therefore, is assisting in the creation of potential downward price pressure on bitcoin. If more people cash out of bitcoin by spending it through BitPay and other providers than new money and interest flows into the system, it stands to reason that negative price pressure could develop.

And thus the irony: The news that bitcoin is seeing greater adoption among mainstream payment providers sends the price up, even as the facts of the news itself might bring it down. For now, bitcoin fans are having a quite nice time.

Keep in mind that bitcoin is rising off its long-time $400 floor once again. Something to keep in mind.

MoviePass drops pricing to under $7 per month, if you opt for the annual plan

MoviePass, the subscription service that lets consumers pay a monthly fee to see unlimited movies in theaters across the U.S., is slashing its prices yet again. The company announced today it’s now offering its service for $6.95 per month, down from the current price of $9.95 per month, when customers commit to a one-year subscription plan. That works out to a flat fee of $89.95 annually. The deal is a limited-time promotion, as opposed to a permanent pricing change, but MoviePass didn’t say how long the offer is valid. However, it is open to both new and existing subscribers – the latter who would receive a 25 percent savings on their current subscription if switching over to the annual plan. This is not the first time that MoviePass has dropped its pricing. When the company introduced its $9.95 per month, one-movie-per-day plan this August, down from $15 for 2 movies per month (or more in select markets like L.A. and NYC, and going as high as $50), it saw so many new sign-up...

ASUS VivoBook X202E Windows 8 Touchscreen Laptop Review And Giveaway

It wasn’t very long ago when prices of touchscreen Windows 8 laptops soared beyond $1000. Thankfully, those days are behind us, and portable computers can easily be purchased – touchscreen and all – for under $500. That’s precisely the demographic in which the ASUS VivoBook X202E falls. When compared to a high-end laptop, its specifications might seem modest, but for laptop buyers just looking for a way to browse the web, watch videos, use basic apps, and not spend too much money, something in this budget is perfectly suitable. The question is, of course, how does the ASUS VivoBook X202E compare to others on the market, and is it the one which you should be spending your hard-earned money on? Well, you’re just going to have to keep reading to find out. Best of all, we are giving away an ASUS VivoBook X202E to one lucky winner. Keep reading for your chance to take home this Windows 8 touchscreen laptop! Introducing the ASUS VivoBook X202E Laptop The ASUS VivoBook X202...

How To Upgrade Your PS3 HDD

The living room game console has become a central media hub for many, which can mean large movie downloads. Despite all the controversy surrounding DRM, digital game downloads have finally arrived too – nowadays, you can download premium AAA titles on launch day without having to wait for a piece of plastic to arrive in the mail. And if you’re a PlayStation Plus subscriber, you have gigabytes of new games literally thrown at you every month. On environmental grounds, I couldn’t be happier about the move to digital – but it means local storage needs are growing rapidly. The days of having a slot-in memory cartridge are far gone – a few hundred gigabytes would be modest by today’s standards. Let’s upgrade. Luckily, Sony made it really easy and user-serviceable to upgrade the internal storage drive – unlike Microsoft, who locked it down and demanded you buy first-party approved models only. Upgrading your PS3 drive will not void the warranty. Why Upgrade? I recently bo...

Kiran Upadhyay

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