Blockchain.info approaches 2 million user wallets

Posted on August 10, 2014

In early January, blockchain explorer and hosted wallet provider Blockchain.info announced that it had crossed an important milestone: One million user wallets created. Founded in mid 2011, the company had spent well over two years building up that level of adoption, and the news was widely seen as an overall indicator of growing interest in […]

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Massive online image-sharing service Imgur to accept bitcoin

Posted on August 9, 2014

For every meme that miraculously gains a foothold in the public consciousness, from the Overly Attached Girlfriend to the genesis meme behind Dogecoin, those images still have to reside somewhere. Every image-bearing forum post, Reddit link, Facebook share and Twitter has to be stored and sent from a server. Increasingly, the most popular place to […]

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Lake Tahoe home sells for $1.6 million — paid in BTC

Posted on August 8, 2014

The Wall Street Journal reports today that a property in Lake Tahoe sold for 2,739 BTC, or roughly $1.6 million. The 1.4 acre property on the California side of the lake is located in the private luxury resort of Martis Camp, and appears to be the single biggest bitcoin-backed property sale to date. The price […]

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Chinese cryptocurrency exchange Huobi buys Quickwallet and Qukuai

Posted on August 8, 2014

Chinese bitcoin and litecoin exchange Huobi announced this week that it has acquired two significant cryptocurrency properties: Multi-signature wallet provider Quickwallet and blockchain explorer system Qukuai. The new services will dramatically expand Huobi’s commercial offerings, and may well represent an attempt to grow the company beyond its current niche as one of the “big three” […]

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Major online erotica site SuicideGirls.com adds bitcoin payment option

Posted on August 8, 2014

Ask anyone who was around for the early days of the internet, and they’ll begrudgingly admit that the adult industry was one of the most innovative proving grounds for the once-unproven online technology now taken for granted on almost every commercial website. In other words, the internet’s payment and security infrastructure was at least partially […]

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ISP-rerouting hackers steal $83,000 in various cryptocurrencies

Posted on August 8, 2014

A report published by Dell’s SecureWorks says that hackers were able to steal roughly $83,000 in bitcoin and other cryptocurrencies by exploiting a weakness in how web traffic is routed. The report claims that 19 internet service providers, including big players like Amazon and DigitalOcean, were impacted. The exploit allowed hackers to briefly gain control […]

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Vogogo raises $8.5 million for bitcoin-payment development

Posted on August 7, 2014

It’s a sign of the times when even established companies are repositioning themselves to take advantage of the bitcoin zeitgeist. Calgary-based payment processor Vogogo is hardly a startup, with the original company founded well over a decade ago and existing in its current form since 2008. The company claims to have processed over $1 billion […]

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Wikimedia Foundation raises $140,000 in bitcoin donations in first week

Posted on August 7, 2014

The Wikimedia Foundation was relatively slow to adopt bitcoin, taking months to approve the no-risk donation method after founder Jimmy Wales give the digital currency the thumbs up back in March. Some within the foundation had expressed concern that bitcoin’s user base was simply “too small” to justify the time and expense of integrating bitcoin […]

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Yelp exec donates $10,000 in BTC to Arkansas School for Mathematics, Sciences and the Arts

Posted on August 7, 2014

The Arkansas School for Mathematics, Sciences and the Arts (ASMSA) received an unusual alumni donation this week, as former student Luther Lowe gifted the high school $10,000 worth of bitcoin. Lowe graduated from the school in 2001, and has maintained active ties with the institution since. The education he received at ASMSA seems to have […]

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BitPay partners with industry giant Global Payments

Posted on August 7, 2014

Atlanta-based bitcoin payment processor BitPay announced a new partnership yesterday with a true titan of the payment industry, Global Payments. With over $2.4 billion in revenue last year Global Payments has a significant presence in almost every industry where money changes hands, particularly in credit card, debit card and EBT card markets. The company has […]

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Digital signature startup BlockSign banking on the bitcoin blockchain

Posted on August 6, 2014

Almost from the very start, the Bitcoin project’s core developers have insisted that the key innovation isn’t its application as a form of money. Sure, bitcoin the currency is a near-frictionless, user-empowering, completely disruptive force that is already changing how we think about, use and regulate money, but that’s just one use of the real […]

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U.K. Chancellor says government to weigh bitcoin innovation against regulatory needs

Posted on August 6, 2014

As Britain’s Chancellor of the Exchequer, George Osborne has the tricky job of handling the U.K.’s financial policy in a time of both incredible economic pressures and uncanny technological innovations. When the Chancellor speaks about an economic matter, it’s destined to become major news across the country, and perhaps even the world. Today, Osborne is […]

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Report: Kyrgyzstan outlaws bitcoin … mostly

Posted on August 6, 2014

In the tiny, landlocked nation of Kyrgyzstan, bitcoin has recently become illegal. While most people in the bitcoin community could be forgiven for not even knowing there is a country called Kyrgyzstan (population 5.8 million), the ruling by the National Bank of the Kyrgyz Republic is nonetheless important. Not because of the ruling itself, but […]

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Thomson Reuters Eikon adds BTC/USD prices

Posted on August 6, 2014

Bitcoin trading gained another foothold in the mainstream investment world yesterday, as Bloomberg Professional competitor Thomson Reuters Eikon added BTC/USD prices to its trading suite. The system is used by over 320,000 subscribers, including many professional and Wall Street traders. Eikon’s bitcoin dashboard includes current rates and trade volume data from BitStamp, as well as […]

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Is Ecuador’s proposed Bitcoin-like digital currency a desperation move?

Posted on August 5, 2014

Last month, the long-troubled South American country of Ecuador came to the attention of the bitcoin community when the country’s Congress passed a new law that would create a state-backed digital currency, while at the same time banning the use of existing cryptocurrencies. The move struck many as extraordinarily preemptive, as bitcoin adoption in Latin […]

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Russian regulators move to formally outlaw bitcoin

Posted on August 5, 2014

Under a new proposal released by Russia’s Ministry of Finance, the use of cryptocurrencies in the already bitcoin-hostile country could become a criminal offense. The ministry released the proposal on its website last week. Bitcoin and other digital currencies are already “forbidden” in Russia, although the country has provided little clarity on what this means […]

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Popular, controversial radio host Alex Jones now accepts bitcoin

Posted on August 5, 2014

There are few personalities on the fringes of popular culture quite as polarizing as Alex Jones. The host of the syndicated The Alex Jones Show radio program is heard on well over 100 AM and FM stations across the country, bringing a mix of hardcore libertarian thinking, iffy conspiracy theories and news commentary to an […]

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Following debit-card controversy, Xapo says it will refund fees

Posted on August 5, 2014

After days of silence, Xapo has responded to customer concerns about the recently updated fee schedule for their recently released, bitcoin-backed debit card. The Palo Alto-based bitcoin wallet and “vault” service had promised a service with no additional customer costs beyond a one-time $15 activation fee and standard credit card interchange fees, but a revision […]

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New report suggests France is considering bitcoin regulation

Posted on August 4, 2014

Late last month, the French Senate’s finance committee held a meeting about the future of digital currencies in the country, addressing many of the challenges presented by cryptocurrencies for both regulators and the existing finance infrastructure. This week, the French Senate released a follow-up report, outlining a regulatory framework for bitcoin and similar networks. The […]

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Report: Visa CEO says company could process bitcoin payments

Posted on August 4, 2014

In a story published by The Australian Financial Review (AFR), Visa’s CEO Charles Scharf said that the payment company could handle bitcoin-based payments in the future, although it currently had no plans to integrate such payments. Scharf’s was speaking at the opening of Visa Labs in San Francisco, and the comments were prompted by a […]

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Ross Ulbricht’s defense claims FBI violated Fourth Amendment in Silk Road case

Posted on August 4, 2014

The case against alleged Silk Road mastermind Ross Ulbricht is already causing a serious rethinking of what existing statutes mean in the age of cryptocurrency. While there is little doubt that the Silk Road was a haven for recreational drug sales and other decidedly illegal services, there are still many open questions about how existing […]

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Report: BTC.com purchased for $1.1 million

Posted on August 4, 2014

If you needed proof that bitcoin-related domain names are quickly becoming a hot commodity, look no further than today’s news that cryptocurrency mining hardware retailer GAW Miners has purchased BTC.com for an eye-popping $1.1 million. According to a report on Cryptocoins News, the domain has been available for at least a few weeks, with several […]

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Report: Bitcoin Foundation files amicus brief in Florida LocalBitcoins case

Posted on August 3, 2014

In February, two Florida men were charged with money laundering for selling bitcoin to two undercover agents in a sting operation. The case has already been challenged on a variety of fronts, including the validity of the claim that a bitcoin transaction would even qualify under Florida’s laws as “money,” but thus far those claims […]

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Xapo’s new bitcoin-powered debit card sparks controversy

Posted on August 2, 2014

Secure bitcoin wallet provider Xapo grabbed the attention of cryptocurrency users across the U.S. earlier this year when it announced plans to release a new bitcoin-backed debit card. The card would instantly withdraw a given dollar amount from a Xapo wallet, selling the bitcoin via an exchange in seconds. While some standard interchange fees would […]

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Report: Coinabul faces class-action fraud suit over bitcoin-to-gold business

Posted on August 1, 2014

San Diego-based bitcoin-to-gold marketplace Coinabul is now facing a class-action lawsuit over claims it failed to fulfill “thousands” of orders and did not return customer funds. The suit was launched by Yazan Hussein, who says he sent 1,644.54 BTC to Coinabul last year for a transaction the company has yet to settle. The suit was […]

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Coinbase announces partnership with AnyPerk, offers $10 in BTC to users

Posted on August 1, 2014

In a post published today on the Coinbase blog, the San Francisco-based payment processor and wallet service announced a new partnership with employee perk provider AnyPerk.com. In addition to allowing AnyPerk users to buy products and services with bitcoin, the new partnership also comes with $10 worth of BTC when a Coinbase wallet is connected […]

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Report: PayPal showcases bitcoin at TechXploration

Posted on August 1, 2014

In an event held yesterday, eBay’s payment subsidiary PayPal hosted a packed presentation about the future of bitcoin payments called “PayPal TechXploration.” The event, covered in depth by CoinDesk, took place at the Town Hall space of PayPal’s office in San Jose, California. According to the report, demand for the conference was huge, with hundreds […]

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Overstock planning to pay employee bonuses in bitcoin

Posted on August 1, 2014

In an interview with Mashable, online retailer Overstock.com dropped a new bitcoin bombshell: The company is considering paying employee bonuses in BTC. Spokesman Judd Bagley told Mashable that the company is working out the logistics in advance of the end-of-year bonuses. The bitcoin-bonus program will be optional, although the bonuses will be higher than the […]

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Report: Overstock CEO Patrick Byrne says company exploring digital stock offering

Posted on July 31, 2014

On Tuesday, bitcoin-accepting online marketplace Overstock.com quietly updated its website to include an open-source wiki page entitled “How to issue a cryptosecurity.” Not surprisingly, rumors began to spread that the Utah-based retailer might be considering issuing a digital security of its own, something that CEO Patrick Byrne has hinted at before. Through such a system, […]

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Jersey’s GABI bitcoin fund slated to launch tomorrow

Posted on July 31, 2014

The tiny island nation of Jersey is set to launch a new bitcoin-backed fund tomorrow. The Channel Islands’ Financial Services Commission approved the Global Advisors Bitcoin Investment Fund (GABI) earlier this month, opening the door for the fund. Unlike traditional bitcoin purchases, GABI will be available to institutional investors, such as pension funds, insurance companies […]

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Online payment processor Stripe launches new cryptocurrency-friendly system Stellar

Posted on July 31, 2014

In the startup world, Stripe is already a Silicon Valley success story. Founded in 2010, the online payment processor has hit most of the high points in the tech company fairy tale: Y Combinator acceptance; over $110 million in investment by venture capital firms like Sequoia Capital, and Andreessen Horowitz; and a massive valuation bubble […]

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BitPay revises merchant service to be “free, unlimited, forever”

Posted on July 31, 2014

Atlanta-based bitcoin payment processor BitPay has taken a major step towards wooing new merchants, updating their service to eliminate credit-card interchange fees for basic merchant accounts. BitPay’s previous pricing system allowed entry-level merchants to process up to $10,000 per day in bitcoin payments for a flat $30 fee. Enterprise-level accounts will still receive substantial discounts, […]

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Report: Tokyo police announce formal Mt.Gox criminal investigation

Posted on July 30, 2014

In a report published today by the Wall Street Journal‘s MoneyBeat blog, the Tokyo Metropolitan Police Department said it was launching a formal investigation into the loss of nearly 850,000 bitcoins from the long-shuttered Mt.Gox exchange. Given the size of the heist, and the extraordinary level of coverage the collapse of Mt.Gox has seen both […]

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Report: ZipZap raises $1.1 million in new funding round

Posted on July 30, 2014

San Francisco-based global payment network ZipZap has secured $1.1 million in a new round of seed funding, bringing the startup’s funding record to $2.7 million. The latest funding round ended in June, and was led by an AngelList syndicate created by Bitcoin Foundation board member Brock Pierce, with additional funds contributed by 500 Startups and […]

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First Data acquires bitcoin-friendly digital gift certificate provider Gyft

Posted on July 30, 2014

For many bitcoiners, Gyft provides a hugely important link between their BTC holdings and the brick-and-mortar world. By allowing gift cards to some of the world’s largest retailers to be purchased with bitcoin, often at a significant discount, Gyft is also one of the first companies to embrace the power of cryptocurrency in a real-world […]

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After months of consideration, Wikimedia Foundation now accepts bitcoin

Posted on July 30, 2014

In March, Wikipedia founder Jimmy Wales accidentally set the bitcoin rumor mill churning when he posted to Twitter that he was “playing with BTC.” Hoping to convince Wales, and by extension the Wikimedia Foundation, of bitcoin’s appeal, users began sending Wales donations of small amounts of BTC. Those donations and tips quickly added up, resulting […]

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Bitcoin-friendly security startup CrowdCurity raises $1 million in seed round funding

Posted on July 29, 2014

In an increasingly software-driven economy, finding security holes is rapidly becoming big business. While large companies are able to hire dedicated security teams to double-check their code, smaller programming startups and app makers don’t always have the money needed to give their programs a thorough stress-test before launch. This can lead to disaster, particularly when […]

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Report: Coinapult launches new BTC price-pegging service LOCKS

Posted on July 29, 2014

Panama City, Panama,-based bitcoin wallet provider Coinapult has announced a new product claiming to peg the price of a bitcoin deposit to a currency or commodity. The service, dubbed LOCKS, would serve as a hedge against bitcoin’s volatility, widely considered one of the major barriers to mainstream adoption. LOCKS would allow a customer to deposit […]

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CAVIRTEX unveils new bitcoin ATMs for Canadian network

Posted on July 29, 2014

The Canadian Virtual Exchange, better known as CAVIRTEX, is nearing the launch of its long-anticipated bitcoin ATM network. The Calgary-based exchange posted an image to Twitter today showing eight custom-designed, Canada-themed machines. According to a post from the official CAVIRTEX account on Reddit, there are ten ATMs launching across Canada next month. The company has […]

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Atlas ATS expands into Europe

Posted on July 29, 2014

Bitcoin-exchange platform provider Atlas ATS has announced new plans to expand its services into the rapidly growing European bitcoin community. In a press release published yesterday, the New York-based trading company said it will be partnering with Spanish bitcoin company Recol to launch Atlas ATS Europe. European users may know Recol as the operators of […]

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What’s driving bitcoin’s price dive?

Posted on July 28, 2014

After nearly a month of relative price stability, bitcoin prices took a nosedive late last week. While a drop of $30 over the course of a few days is hardly unusual in the bitcoin world, such movements generally seem to follow major news or some specific trend. This time, however, many explanation-seeking bitcoiners have been […]

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Blockchain app returns to iOS

Posted on July 28, 2014

As one of the biggest hosted wallet services in the world, Blockchain’s absence on iOS devices has not gone without notice. The company’s old app, which was at one time the most popular iOS bitcoin wallet, was removed earlier this year during Apple’s short-lived policy of removing all bitcoin-related apps from the iTunes store. With […]

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Report: Bitcoin gains ground in Romania

Posted on July 28, 2014

Could the formerly communist economy in Romania prove to become one of Europe’s bitcoin strongholds? Reuters reports today that there has been a decidedly high level of interest in a newly launched bitcoin ATM in downtown Bucharest. The ATM may be new, but bitcoin’s appeal in the country isn’t. As one of the handful of […]

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Report: Mining hardware maker CoinTerra buys developer Bits of Proof

Posted on July 28, 2014

Is bitcoin hardware maker CoinTerra looking to expand beyond the mining game? According to a new report published today by CoinDesk, the Austin, TX-based company has acquired Hungarian bitcoin software maker Bits of Proof (BOP) for an undisclosed sum. BOP CEO Tamás Blummer will join CoinTerra as Vice President of Enterprise Software, bringing the developer’s […]

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Report: BTC Guild may close due to NY’s BitLicense restrictions

Posted on July 27, 2014

Could the New York Department of Financial Services (NYDFS) BitLicense shutter long-running mining pool BTC Guild? Recent discussions about the impact of the disclosure rules in the proposed regulations may result in the closure of the mining collective. In a statement published on July 19, BTC Guild’s operator said that compliance with the new rules […]

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Report: BTX Trader-backed brokerage Celery aims to make buying BTC and Dogecoin easier

Posted on July 26, 2014

One of the biggest “pain points” for would-be bitcoin users and investors is the simple act of buying. Even in a relatively easy-to-use system, like Coinbase, there are still uncertainties for newcomers. In fact, many neophyte buyers don’t even understand that bitcoin is easily divided, and can be put off by the seemingly high buy-in […]

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BitPay announces FEC-compliant bitcoin donation processing in advance of mid-term elections

Posted on July 25, 2014

In a blog post published yesterday, Atlanta-based bitcoin payment processor BitPay announced a new initiative to help make cryptocurrency a meaningful force in the upcoming mid-term elections. The post noted that many politically focused organizations would like to accept bitcoin following the Federal Election Commission approving it for in-kind donations earlier this year, but said […]

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Trucoin announces new partnership, expanding service to 38 U.S. states

Posted on July 25, 2014

Earlier this month, long-simmering digital currency-exchange platform Trucoin launched an 8-state beta test of an instant bitcoin-purchasing system. By simply logging in via an existing social media profile and entering credit card information, users could purchase bitcoin in a matter of moments, rather than the days-long payment verification process currently used by brokers like Coinbase. […]

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Barry Silbert steps down as SecondMarket CEO to focus “100%” on bitcoin

Posted on July 25, 2014

It’s hardly a secret that Barry Silbert is a big fan of bitcoin. In the past year, the SecondMarket founder has become one of the best known evangelists for the digital currency, giving countless mainstream interviews and investor presentations. He’s also been more than willing to put his money where his mouth is, investing millions […]

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Follow Up: Ecuador bans bitcoin and other digital currency

Posted on July 25, 2014

Earlier this week, the National Assembly of Ecuador began debate over a bill that would create a state-controlled digital currency. One extremely controversial element of the bill was an amendment that would make the use of other digital money in the state illegal. In effect, the law would ban the use of bitcoin and other […]

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Report: Taking a page out of Dogecoin’s playbook, bitcoin crowdfunder seeks to sponsor NASCAR driver

Posted on July 24, 2014

Few things sparked the imagination of the cryptocurrency community quite like the “Dogecar.” Created and funded entirely by the Dogecoin community, the sponsorship of NASCAR driver Josh Wise at Talledega brought the meme-based alt-coin into living rooms across the U.S., dramatically raising the profile of a digital currency still largely considered to be more-or-less a […]

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Kanye West wins lawsuit over “Coinye” alt-coin

Posted on July 24, 2014

Coinye is officially dead. Not that many people will be surprised, or even care for that matter. As the first significant lawsuit connecting trademark law to distributed cryptocurrency, however, it’s a moment worth noting. In January of this year, a group of bitcoin griefers decided that it was time to level their gaze at controversial […]

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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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