Square announces bitcoin support for Square Market

Posted on March 31, 2014

Mobile payment system Square is no innovation. Best known for their smartphone plug-in credit card readers, the company has already helped to redefine how transactions work in the internet age. Continuing in that vein, Square announced today the addition of bitcoin payment support to their Etsy-like online marketplace Square Market. Sellers should never miss a […]

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Wall St. Journal claims People’s Bank of China representative retracts bitcoin ban warnings

Posted on March 31, 2014

With all of the uncertainty and rumors surrounding the People’s Bank of China’s view of bitcoin, it’s only natural that every word from any semi-official source will come under close scrutiny. But that doesn’t mean that every rumor is equally valid, even when it comes from someone like Zhang Niannian. Posting to his personal Sina […]

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Report: Bitcoin’s technology could revolutionize voting

Posted on March 31, 2014

In a report published today on Vice.com, writer Christopher Malmo considers the potential of using bitcoin’s trustless, consensus-based software as a means to completely reshape the one thing that’s even thornier than the finance system: Democracy. One of the most promising applications of new crypto tech lies in creating transparent, efficient systems for making political […]

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UK exchange Bit121 closes after failed search for new banking partner

Posted on March 31, 2014

Today marks the final day of normal operations for UK-based bitcoin exchange Bit121. The company explained via their website that they were not officially closing, but merely entering a period of “hibernation,” and hope to re-open “at some point in the near future.” While the closure of an exchange is difficult to see as good […]

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Report: Ex-Mt.Gox staff claim exchange used client money to cover costs

Posted on March 30, 2014

In a report published by Reuters today, former staffers at failed bitcoin exchange Mt.Gox claim that client funds were used to cover internal costs. In a series of exclusive interviews with reporters, the former staffers claimed that they had voiced concerns to CEO Mark Karpeles in early 2012, but that no changes were made. By […]

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Report: People’s Bank of China deputy director says bitcoin is a commodity

Posted on March 29, 2014

In a brief post on Asian market bitcoin blog Bit-Sky, a deputy director of the People’s Bank of China addressed his institution’s view of virtual currency in a speech at the 2014 Spring Summit of China Internet Finance Conference. According to Bit-Sky, the deputy director said: Now, the currency is fiat currency, sovereign currency. Is […]

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Coinbase announces BitHack winners

Posted on March 29, 2014

In February, Coinbase announced BitHack, an online hackathon open for “all developers who want to create something great with bitcoin.” Using the Coinbase API, programmers had just over a month to compete for a total of $18,000 in prize money. After weeks of waiting, the winners were finally announced in a blog post yesterday. First […]

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Trading halted on Neo & Bee stocks amid reports of “questionable trading activity”

Posted on March 28, 2014

Havelock Investments notified Neo & Bee (NEOBEE) holders to day that trading had been halted due to “an increase of abnormal activity” on the LMB share platform. (LMB Holdings is Neo & Bee’s parent company.) The notification was sent via email, and has yet to be posted to Havelock’s website. Neo & Bee has been […]

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SecondMarket’s Barry Silbert claims the insurance industry is eyeing bitcoin

Posted on March 28, 2014

With his Bitcoin Investment Trust rapidly gaining interest from curious mainstream investors, it’s no surprise that businesses want to talk to Barry Silbert. What is surprising, however, are the kinds of businesses who are now knocking on his door. Earlier today, Silbert posted this tweet, hinting at what may be the strongest indicator yet of […]

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UBS investment report declares bitcoin “Problematic currency, interesting payment system”

Posted on March 28, 2014

As one of the top global financial services companies in the world, Switzerland’s UBS manages over $1 trillion in assets. When a company of that size publishes a report on bitcoin, investors the world over pay attention. Today, UBS published a paper titled “Bitcoins and Banks: Problematic currency, interesting payment system” outlining their perspective on […]

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