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Bitcoin News

Kanye West wins lawsuit over “Coinye” alt-coin

Posted on July 24, 2014

In January of this year, a group of bitcoin griefers decided that it was time to level their gaze at controversial hip-hop star Kanye West. The group created a Scrypt-based alt-coin named Coinye West (later just Coinye), prompting an almost immediate legal response from Kanye West’s legal team. Although never much of a “real” cryptocurrency […]

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New York-based bitcoin exchange Coinsetter exits beta testing

Posted on July 24, 2014

After nearly two years of testing and preparation, New York City-based bitcoin exchange Coinsetter is officially open for business. Although it isn’t the first U.S.-based bitcoin exchange by any means, Coinsetter is the first to be aimed firmly at the Wall Street Market. The exchange has been operating in beta since last November, working with […]

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U.S. court issues restraining order halting Bitcoins.com auction

Posted on July 24, 2014

The much-anticipated auction of branding-friendly domain Bitcoins.com was stopped yesterday when the U.S. District Court of Seattle issued a restraining order preventing the sale. Owned by Mt.Gox parent company Tibanne K.K., Bitcoins.com was expected to sell for around $1 million, with at least half of the proceeds going to Mt.Gox creditors. The injunction was issued […]

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Report: Intuit QuickBooks sees “higher than expected” interest in bitcoin payments

Posted on July 23, 2014

In June, Inuit’s payment processing system QuickBooks Online announced plans to incorporate bitcoin into their small-business invoicing system. Even at the time, Intuit’s PayByCoin initiative seemed more like a clever marketing and branding move than a truly in-demand service, as the small size of the bitcoin ecosystem suggested only a few tech-forward companies would be […]

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With less than 9 hours left, Bitcoins.com pre-auction has yet to break reserve price

Posted on July 23, 2014

There are few domain names in the cryptocurrency world more promising for an SEO-savvy marketer than Bitcoins.com. Currently owned by Mt.Gox parent company Tibanne, Bitcoins.com has the potential to be a flagship site in the digital currency community. When it was announced earlier this month that the domain would be auctioned off, many analysts predicted […]

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Ecuador’s Congress proposes state-controlled digital currency monopoloy

Posted on July 23, 2014

On Thursday, Ecuador’s Congress will vote on a proposal to create a state-controlled digital currency, and to prohibit the use of any digital currency in the country not backed by the nation’s central bank. Regional news outlet PanAm Post reports that the move was presented by President Rafael Correa as “a matter of urgency,” although […]

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Mt.Gox creditors meeting provides little news

Posted on July 23, 2014

A closed-door meeting of Mt.Gox customers and other creditors held today in Tokyo provided little solace to those who lost their funds on the shuttered bitcoin exchange. The meeting provided those burned by the exchange their first face-to-face interaction with Mt.Gox CEO Mark Karpeles, who gave a brief apology for the situation but otherwise left […]

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New Japanese bitcoin exchange planned by former Goldman Sachs trader

Posted on July 22, 2014

In the nearly six months since Mt.Gox imploded, two major things have happened to the bitcoin community in Japan. The first is that Japan’s population became aware of bitcoin in a very big way, as coverage of the failed exchange and the $500 million loss became headline news in a country that had previously seen […]

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Report: Bitcoin-ransoming hacktivist group w0rm claims to have Wall Street Journal and Vice databases

Posted on July 22, 2014

In most situations, the news that a group of Russian hackers broke through the security of two major websites and downloaded massive user databases would cause significant panic. Most users, ambivalent about online security best practices, will reuse user names and passwords tied to their email accounts, meaning that a user database could be a […]

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Report: iOS messaging service Gliph restores bitcoin functionality

Posted on July 22, 2014

Late last year, secure private messaging app Gliph was forced to remove a bitcoin-sending feature in order to remain available on the iTunes app store. The move was highly unpopular in the bitcoin community, and added to speculation that Apple was becoming openly hostile to all services related to bitcoin. Recently, Apple updated its terms […]

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