Bitcoin transaction fees to be dramatically reduced

Posted on February 28, 2014

All Bitcoin transactions require that each transfer be confirmed by a Bitcoin miner. In order to make it worth the miner’s while to include the transaction in a mining block, miners are rewarded with small amount of Bitcoin called “transaction fees.” These fees are set by the core developers, and as the price of Bitcoin […]

Read More...

Vietnam’s central bank issues new Bitcoin warning

Posted on February 28, 2014

Following in the footsteps of Thailand, China and other countries in the region, Vietnam’s central bank issued a new warning on the dangers of Bitcoin today. The statement explained that Bitcoin and other virtual currencies are not legal tender in Vietnam, and are not permitted as a form of payment within the country. The statement […]

Read More...

Report: Even Mt.Gox’s implosion can’t slow China’s Bitcoin “gold rush”

Posted on February 28, 2014

While Bitcoin prices eroded this week due to the worsening situation at the now-bankrupt Mt.Gox, demand in China appears to be surging. According to a report on the Wall Steet Journal‘s MarketWatch, China is currently experiencing a “gold rush” for Bitcoin. On Friday, while fans in Hong Kong embraced the opening of the first bitcoin […]

Read More...

Mt.Gox offically files for bankruptcy, annouces 850,000 BTC loss

Posted on February 28, 2014

Mt.Gox CEO Mark Karpeles ended weeks of speculation today, formally announcing at a press conference in Tokyo that his long-troubled Bitcoin exchange will be filing for bankruptcy protection. The filing claims that Mt.Gox has an outstanding debt of ¥6.5 billion, or roughly $63.6 million. Karpeles also confirmed the loss of roughly 750,000 customer Bitcoins, as […]

Read More...

Florida money-laundering case hinges on Bitcoin’s legal status as “money”

Posted on February 27, 2014

Earlier this month, two Florida men were charged with in an alleged Bitcoin-based money-laundering scheme. Today, an attorney for one of the men argued that the Florida law they were being charged under wasn’t applicable, noting that the law only applies to money issued by the U.S. or other countries. As a decentralized, completely virtual […]

Read More...

Japan proposes international Bitcoin regulation

Posted on February 27, 2014

Responding to questions about the closure of Tokyo-based Mt.Gox, Japan’s Senior Vice Finance Minister Jiro Aichi told reporters that international collaboration would be necessary to regulate the currency. Aichi added that Bitcoin does not fall under his agency’s jurisdiction, as it does not involve coins or notes issued by the Bank of Japan. Under that […]

Read More...

Coinbase crosses 1 million wallet threshold

Posted on February 27, 2014

In less than two years, Coinbase has gone from providing a humble 13,000 Bitcoin wallets to an eye-popping 1 million. The San Francisco-based company officially celebrated their millionth download earlier today. According to the official Coinbase blog, that’s a growth rate of 7,592.31%. Coinbase is actually the second Bitcoin wallet provider to cross the million […]

Read More...

Chairwoman Yellen: Federal Reserve has no authority over Bitcoin

Posted on February 27, 2014

“The Fed doesn’t have authority to supervise or regulate Bitcoin in any way,” Federal reserve chairwoman Janet Yellen said today. Speaking to the Senate Banking Committee, Yellen was asked about the virtual currency by Senator Joe Manchin (D-W.Va.), who called yesterday for a Federal ban on Bitcoin. While she noted at the Fed was “looking […]

Read More...

Bitcoin ATM coming to largest mall in North America

Posted on February 27, 2014

The West Edmonton Mall in Alberta, Canada, recently unveiled a new Bitcoin ATM. The mall is the largest in North America, and serves as a major tourism destination in Alberta, with 30.8 million shoppers passing through its doors every year. The Robocoin-made ATM is the first in the region, and is owned and operated by […]

Read More...

Senator Joe Manchin calls for federal ban on Bitcoin

Posted on February 26, 2014

Is Bitcoin “disruptive” enough to the U.S. economy to merit a federal-level ban? According to U.S. Senator Joe Manchin (D-W.Va.), it is. In a strongly worded letter to the Treasury, Federal Reserve and other related financial agencies, Manchin called for the outright prohibition of “this dangerous currency” before it can harm American consumers. Manchin’s letter […]

Read More...

Mt.Gox subpoenaed by US Attorney’s office, may be under investigation in Japan

Posted on February 26, 2014

The worsening situation at Mt.Gox has caught the attention of the US Attorney’s office in New York. According to a story published in the Wall Street Journal yesterday, the federal prosecutors sent a subpoena to Mt.Gox asking the exchange to “preserve certain documents among other things.” While the US Attorney’s office has declined to comment […]

Read More...

Kraken puts hold on USD transactions

Posted on February 26, 2014

Cryptocoin exchange Kraken announced today that it was putting a temporary halt on transactions in the U.S. dollar, and offering a 2% bonus to users who switch their existing balances to euros. Speaking with CoinDesk, a Kraken customer support representative explained the decision as the result of slow and delayed USD withdrawals. According to Kraken’s […]

Read More...

New statement Mt.Gox CEO Karpeles sheds no light on developments

Posted on February 26, 2014

There has been very little information to come from Mt.Gox in recent weeks, and what details have emerged from the troubled exchange have generally come in the form of leaks or unconfirmed reports. While there have been occasional, fragmentary reports from Mt.Gox CEO Mark Karpeles, they’ve offered little insight into the situation at Mt.Gox. Today’s […]

Read More...

Central Bank of Cyprus: “Bitcoin is not illegal”

Posted on February 26, 2014

Speaking with the Cyprus Mail, a representative of the Central Bank of Cyprus confirmed that Bitcoin is perfectly legal in the country. “Bitcoin is not illegal, but at the same time neither is it subject to control or regulation,” said an unnamed spokesperson for the central bank. The timing of the confirmation is key, as […]

Read More...

Falcon Global Capital bids on seized Silk Road Bitcoins

Posted on February 25, 2014

When the FBI took down the original Silk Road operation last October, it also seized 29,655 Bitcoin from the site. At peak prices, the seized coins were worth $35.5 million, but thanks to the volatility of the current market, they’re currently worth less than half that amount. Last month, the US Attorney’s Office of the […]

Read More...

BTC.sx suspends suspends trading following Mt.Gox shutdown

Posted on February 25, 2014

Bitcoin margin-trading platform BTC.sx announced today that it was suspending all services “until further notice” following the apparent shutdown of trading partner Mt.Gox. The UK and Singapore-based company made the announcement to customers via email. The email claims that all BTC.sx customer funds are secure, and that the company will honor all withdrawal requests and […]

Read More...

SecondMarket to open dedicated Bitcoin exchange

Posted on February 25, 2014

Online illiquid asset marketplace SecondMarket recently announced plans to launch a dedicated Bitcoin exchange. The New York-based company has long traded in products like private company stocks and auction‐rate securities, but in recent months has been developing a strong virtual currency division. The new exchange would spin out this 11-member team and other assets into […]

Read More...

Report: Pony botnet virus lifts $220,000 from digital wallets

Posted on February 25, 2014

IT security company Trustwave claims that at least $220,000 in Bitcoin and other virtual currencies has been stolen from digital wallets through the Pony botnet. In a blog posted yesterday, the Chicago-based security services provider claims the Trojan virus-based attacks can steal funds from over 30 types of wallets. According to our data, the cyber […]

Read More...

Mt.Gox offline, rumored to have lost 744,400 BTC

Posted on February 25, 2014

Last night, Tokyo-based Bitcoin exchange Mt.Gox went offline, feeding rumors that the troubled company was planning to announce bankruptcy. Shortly after the site went down, a document titled “Crisis Strategy Draft” surfaced on Bitcoin forums, seemingly originating from Mt.Gox. The document claims that 744,400 BTC (roughly $350 million) were stolen from the site by hackers […]

Read More...

Report: 100 Bitcoin ATMs coming to Spain over next three months

Posted on February 24, 2014

According to a report published on Cryptocoins News, Spain will go from having one lone Bitcoin ATM in a Barcelona mall to having over 100 throughout the country. The ambitious plan is collaboration between ATM manufacturer PayMaQ and distributor Bbank, who aim to take advantage of Spain’s current lack of Bitcoin regulation. Under Spain’s current […]

Read More...
  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4