For anyone that uses them the volatility of the bitcoin currency is common knowledge with the highs and lows fluctuating violently on a monthly and in some cases daily basis. The cryptocurrency has, however, stabilised slightly in the last 24 hours and although it is down $100 on last month it is currently worth around $475 or £286 per bitcoin.
Other altcoins like namecoin, litecoin and peercoin have seen a 4 to 6 percent drop in their value in the last day although the slightly more popular altcoins darkcoin and dogecoin have held their value.
The biggest shock on the altcoin market, however, was the massive rise in the child-friendly piggycoin which is now worth more than $15,000 following an increase of over 75 percent, which is easily the biggest increase of all the cryptocurrencies.
The number of ATMs around the world providing bitcoins hits more than 200
A look at the latest tracking page from Coindesk, which shows the location of all cryptocurrency ATMs, reveals that there are more than 200 Bitcoin Teller Machines (BTMs) now available around the world.
The number of bitcoin projects and suppliers for bitcoin ATMs is currently around 20 with the Isle of Man being the latest to have one of the machines installed.
As well as the Isle of Man these BTMs can also be found all over the world in places like Oceania, Africa, Europe, South America and Asia, although North America is still one of the primary locations for BTMs.
Finally, new regulations in the US that promote the bitcoin
A recently produced report has claimed that as many as five US states, which are California, Texas, Colorado, New Hampshire and New Mexico are all about to bring in new regulations that promotes the use of various major cryptocurrencies including bitcoin.
With new proposals laid out in New York recently for BitLicense regulations there was harsh criticism amid fears that both international and national provisions for the bitcoin could be severely influenced and forced to become a lot stricter with the implementation of this new framework.
Both advocates of and investors in the bitcoin, however, are likely to praise the impending positive regulations that are about to be brought in by the other 5 US states as they will be promoting the use of the increasingly popular cryptocurrencies.
Requests made for wage payments to be made in bitcoins by Canadian workforce
New schemes that are giving Canadian workers the option to be paid in bitcoins are being snapped up by an ever increasing number of employees in companies around Canada.
A total of 10 companies have agreed to sign up to the new bitcoin wage scheme introduced back in November by Wagepoint, a payroll company based in Ontario.
The CEO of Wagepoint said that he was surprised by the amount of interest that had been shown for the scheme and thought that no-one would be interested when it was first introduced. He went on to add that the biggest shock was that customers had actually come to the company because of the introduction of bitcoin as one of it payment options.