Report: Leaked U.S. Marshal Service list recipients targeted by phishing scammers

Posted on July 6, 2014

In mid-June, the U.S. Marshal Service (USMS) accidentally sent a mass email to all of the parties who had contacted them about the then-upcoming auction of nearly 30,000 BTC seized from the Silk Road. In addition to providing the bitcoin community and news outlets with a glimpse at some of the potential bidders in the […]

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Dogecoin fans may see their “McShibe” burger become a reality at McDonald’s UK

Posted on July 5, 2014

In May, the U.K. arm of fast-food giant McDonald’s launched My Burger, a new online promotion asking customers to submit their own burger creations. Website and social media visitors were encouraged to vote for their favorite recipes, with the 12 most popular being presented to McDonald’s U.K. judges, and the top five being given a […]

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Overstock CEO announces plans to pay employees and vendors in bitcoin

Posted on July 4, 2014

Speaking on the Free Talk Live podcast from the Porcupine Freedom Festival in New Hampshire, Overstock CEO Patrick Byrne discussed a wide range of bitcoin-related topics, including plans to create an incentive program to encourage his company’s employees and vendors to use bitcoin. “We are going to be bringing online system that let us pay […]

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Wallet-maker Mycelium launches “Entropy,” paper-wallet generating USB stick

Posted on July 4, 2014

Generating a truly offline, as-secure-as-possible paper bitcoin wallet for cold storage is, to put it mildly, a total pain. If you’re following the best practices advocated by most serious security experts, you not only need a completely offline machine, you also need a fresh install of your OS (or at least a Live CD or […]

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European Banking Authority tells banks to wait for cryptocurrency regulation

Posted on July 4, 2014

The European Banking Authority (EBA) released a report today strongly recommending that banks and other financial institutions hold off on any direct investment in bitcoin or other cryptocurrency until regulators develop stronger protections for their use. The EBA identified a list of 70 risks associated with digital currency, including well-known concerns such as fraud, money […]

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Is litecoin’s crash an indicator of a “decoupling” from bitcoin?

Posted on July 4, 2014

As bitcoin’s price was recovering to pre-Mt.Gox collapse levels this week, competing cryptocurrency litecoin (LTC) was dropping in like a stone. On July 1, LTC fell from nearly $9 to $7.90, one of the most dramatic crashes it has experienced in months, and the overall downward trend has continued heading into the July 4th weekend. […]

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BitPay introduces new decentralized authentication protocol

Posted on July 3, 2014

One of the mantras of cryptocurrency-advocating technology experts is that the Bitcoin protocol’s biggest innovation isn’t that it is can be used as money, but rather that it can solve any problem where users need to transmit secure information without needing to trust each other. While transmitting currency-like digital tokens is a powerful application of […]

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Circle CEO Jeremy Allaire says users will have access by the end of July

Posted on July 3, 2014

If there’s one thing Circle‘s team understands, it’s building anticipation. With a product that promises near-instant bitcoin “deposits” and “withdrawals” directly from bank accounts and credit cards, and free access to those funds anywhere in the world, Circle certainly looks like a viable contender for a mainstream appeal. When the company presented a demo version […]

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Xapo releases updates about Xapo Debit Card

Posted on July 3, 2014

Online bitcoin wallet provider Xapo caught the attention of the cryptocurrency community back in April when it announced plans to debut a credit-card system compatible debit card. After the initial buzz, however, Xapo was relatively quiet about the project. In early June, Xapo founder Wences Casares said that the project was still being actively developed, […]

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Winklevoss Bitcoin Trust amends SEC report, adopts “COIN” ticker symbol

Posted on July 3, 2014

The Winklevoss Bitcoin Trust has spent almost exactly one year slogging through the Securities and Exchange Commission (SEC) approval system, with multiple amendments to their filing along the way. In their most recent filing, the Winklevoss twins updated their plans for their bitcoin-backed exchange-traded fund (ETF) with what the Wall Street Journal deemed “minor tweaks” […]

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Bitcoin ATM maker Lamassu releases open-source platform

Posted on July 2, 2014

If Lamassu has its way, bitcoin ATMs may soon be seen as more than a novel way to purchase digital currency. The ATM maker has released a new, open-source software platform today via GitHub that allows ATM owners to set their machines up as airport-style cash exchanges, bill-payment kiosks and remittance terminals, in addition to […]

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Coinbase announces new “vaults” for long-term storage

Posted on July 2, 2014

This morning, Coinbase unveiled a product called “The Vault.” As the name implies, the service adds a wealth of options for customers looking for long-term, high-security bitcoin storage solutions. Using a similar interface to Coinbase’s popular online wallet, Vault accounts allow for timed-locked withdrawals, multiple withdrawal approvals. Unlike Coinbase’s current simple two-factor-authentication user-verification system, Vault […]

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Report: Russia’s icy stance on bitcoin thaws

Posted on July 2, 2014

The Wall Street Journal reports today that Russia’s longstanding hostility to bitcoin may be easing. The paper reports that the Bank of Russia has altered its policies, and will no longer restrict the use of virtual currencies. Earlier this year, the Russian Prosecutor General’s Office declared bitcoin to be an illegal form of currency, and […]

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Venture capitalist Tim Draper revealed as winner of Silk Road auction

Posted on July 2, 2014

Earlier today, venture capitalist and angel investor Tim Draper announced that he was the sole winner of the nearly 30,000 BTC auction of bitcoins seized from the Silk Road. Draper’s firm, Draper Fisher Jurvetson, is extremely well known in investment circles, backing high-profile projects like Skype, Hotmail and Tesla Motors long before they were known […]

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Single bidder wins all 29,656 BTC in Silk Road auction

Posted on July 1, 2014

In a brief email sent to media outlets and interested parties, the U.S. Marshal Service announced this afternoon that all 29,656 bitcoin being auctioned off had been awarded to a single buyer. “The US Marshals Bitcoin auction resulted in one winning bidder. The transfer of the bitcoins to the winner was completed today.” Neither the […]

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Report: Chicago Sun-Times ad lets users buy Beyonce and Jay-Z tickets with bitcoin

Posted on July 1, 2014

It’s no secret that print publications are struggling to remain relevant in an era of mobile-optimized websites, multimedia and social-networking based services like Twitter. But just because you’re struggling doesn’t mean you can’t innovate. The Chicago Sun-Times recently announced that it would be experimenting with a new ad allowing users to directly purchase tickets to […]

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Coinbase partners with 1-800-FLOWERS

Posted on July 1, 2014

While the tech world was all abuzz with the news that Newegg is now accepting bitcoin, Coinbase quietly announced a partnership with an eye towards the mainstream audience: 1-800-FLOWERS. The floral and gift delivery service isn’t exactly small a mom-and-pop flower shop, with a net revenue of $735 million in 2013. Perhaps more importantly, however, […]

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Report: PayPal blocks $270K in donations to popular email provider, highlighting need for greater bitcoin adoption

Posted on July 1, 2014

Created by CERN scientists in the wake of the NSA’s international computer-based spying campaign, ProtonMail is rather hard to cast as a criminally minded project. It exists largely to protect users from having their private emails read by anyone other than the intended recipient, encrypting the email in the browser itself. Given the huge need […]

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Newegg adds bitcoin payment option

Posted on July 1, 2014

Online technology retailer Newegg joined the ranks of bitcoin-accepting businesses today, adding payment support to their shopping card and announcing the new option on their homepage. With $2.8 billion in annual revenue, Newegg is nearly twice as large as bitcoin-friendly online retailer Overstock.com, and is generally thought to have greater sales volume than rival tech […]

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MasterCard patent reveals potential bitcoin incorporation

Posted on June 30, 2014

In a patent filed on June 19, credit card industry giant MasterCard hinted at a potential future adoption of bitcoin as a payment method. The patent, which outlines a “global shopping cart and a method for its use,” isn’t specific to bitcoin, and only mentions the cryptocurrency a handful of times, but it does clearly […]

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Report: Update from U.S. Marshals Service about Silk Road auction bidders

Posted on June 30, 2014

Representatives from the U.S. Marshals Service confirmed new details about the auction to CoinDesk, adding fuel to the fire of speculation about the results. The agency said that a total of 45 registered bidders participated in the auction, and that 63 bids were placed on the nearly 30,000 BTC seized from the Silk Road black […]

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Report: IRS says bitcoin not reportable on FBAR

Posted on June 30, 2014

Each year, investors with over $10,000 in foreign financial assets are required to filed a report with the Financial Crimes Enforcement Network (FinCEN). The report, officially known as FinCEN Form 114: Report of Foreign Bank and Financial Accounts, is still widely known in investment and accounting circles by its previous name, Foreign Bank Account Report […]

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Bitcoin market holds breath for news about Silk Road auction

Posted on June 30, 2014

Over the weekend, speculation has been rampant about the results of the U.S. Marshal Service’s auction of nearly 30,000 bitcoin. Theories about the price point of each 3,000 BTC block, the intentions and identities of the bidder and the ultimate impact of the sale have flooded Twitter, Reddit, Bitcoin Talk and other popular bitcoin-discussion havens. […]

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Report: Bitcoin Job Fair sees “overwhelming” turnout

Posted on June 29, 2014

According to a report on CoinDesk, yesterday’s Bitcoin Job Fair in New York City’s Financial District drew a crowd of over 200 would-be bitcoin industry workers. The event was hosted at Bitcoin Center NYC, and was attended by 11 bitcoin-industry companies including Coinbase, BitPay, Coinbase and eGifter. Speaking with CoinDesk, organizer Alex Palantzas said that […]

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California Governor signs law making bitcoin “legal money”

Posted on June 28, 2014

Earlier this week, the California State Assembly sent Assembly Bill 129, which formally recognizes bitcoin and other digital currencies as legal forms of exchange, to the desk of Governor Jerry Brown. Brown signed the bill into law today, making California the first state to give such recognition and legal protection to bitcoin. Although the law […]

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Report: Consumer Financial Protection Bureau may become bitcoin watchdog

Posted on June 27, 2014

In May, the Government Accountability Office (GAO) drafted a confidential report about the increasing need for meaningful digital currency policies. The GAO report suggested that the Consumer Financial Protection Bureau (CFPB) be tasked with the job. The agency was created in the wake of the 2007 financial crisis, and is already tasked with handling thorny […]

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Prices recover as U.S. Marshals’ Silk Road auction begins

Posted on June 27, 2014

For the last two weeks, the bitcoin community has been abuzz about the auction of nearly 30,000 BTC by the U.S. Marshal Service. The bitcoin, seized last October from the now-defunct Silk Road marketplace, is being offered in 10 blocks. The “Dutch”-style auction is built around sealed-envelope system, removing most of the human drama from […]

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Report: Singapore’s government-owned investment company now “experimenting” with bitcoin

Posted on June 27, 2014

With around $172 billion in its portfolio, Temasek Holdings can afford to play around a little with its investments. Owned by the government of Singapore, the triple-A rated firm has a good track record for picking winners, bringing in a net income of $12.1 billion last year. The company recently opened an office in New […]

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Mt.Gox CEO Mark Karpeles breaks silence on failed exchange

Posted on June 27, 2014

There are few people in the bitcoin community in need of a public-relations makeover more than Mark Karpeles. As the sole person in charge of the code when Mt.Gox lost roughly $500,000,000 in customer deposits, Karpeles has become the target of ridicule, anger, death threats, lawsuits and criminal investigations. While all of that is completely […]

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Forbes: Bitcoin’s “backbone” controlled by “two young Slovenians”

Posted on June 26, 2014

It’s hardly a secret that one of the bitcoin community’s weakest links are its legacy exchanges. Less than six months ago, the failure of the then-biggest and best-known exchange, Mt.Gox, unleashed a tidal wave of negative coverage that still colors the public perception of digital currency. While a new generation of cryptocurrecy exchanges like Vault […]

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SecondMarket CEO says bitcoin approaching an “inflection point”

Posted on June 26, 2014

Speaking on yesterday on Bloomberg TV’s Street Smart, SecondMarket CEO Barry Silbert claimed that the bitcoin industry is nearing a positive “inflection point” after downward-trending six months. Silbert was on the show to discuss SecondMarket’s buyers’ syndicate for the U.S. Marshal Service’s auction of nearly 30,000 BTC seized from the Silk Road, but the conversation […]

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CEO says Western Union would use bitcoin if regulated as a “proper currency”

Posted on June 26, 2014

In an interview yesterday with Bloomberg TV’s Street Smart, Western Union CEO Hikmet Ersek said his company would be open to implementing some form of bitcoin integration if the cryptocurrency is approved by regulatory authorities. When asked about how seriously Western Union viewed bitcoin as a threat to their business model, Ersek didn’t appear to […]

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BlockScore raises $2 million in VC funding

Posted on June 26, 2014

Identity-verification startup BlockScore announced today that it has raised $2 million in seed-round funding. Originally designed to provide a verification service for bitcoin ATM systems, wallet providers, miners and exchanges, BlockScore is one of the first startups to attempt to make the leap from the cryptocurrency market to the mainstream. The seed round investors include […]

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Popular bitcoin wallet Hive unveils new HTML5 web wallet with litecoin support

Posted on June 25, 2014

Not all that long ago, Hive was seen as little more than a user-friendly wallet program for the Mac OS. Like many things Apple, it was largely unknown beyond a core user base, and rarely mentioned in the list of popular bitcoin wallet clients. That changed in May, however, when Hive opted to switch platforms […]

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Report: Electronic Transactions Association says bitcoin has a “right to exist”

Posted on June 25, 2014

Speaking with the Wall Street Journal‘s MoneyBeat blog, Electronic Transactions Association (ETA) CEO Jason Oxman weighed in on the rapid development of bitcoin and other cryptocurrencies as payment platforms. As a trade organization representing payment giants like Mastercard, Paypal, Amazon, Google and AT&T, the ETA’s position on bitcoin carries significant weight. What is that position? […]

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Swiss authorities claim bitcoin is too “insignificant” to regulate

Posted on June 25, 2014

In a new report published by Switzerland’s Federal Council, regulators claim that the “economic importance of virtual currencies as a means of payment is fairly insignificant at the moment.” The report claims that bitcoin and other digital currencies will have a marginal effect on the Swiss economy for the “foreseeable future,” and no influence on […]

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Is NASDAQ creating a bitcoin exchange?

Posted on June 25, 2014

The New York Post reported today that the NASDAQ, one of the largest stock exchanges in the world, is quietly building a bitcoin exchange. With regulators at the New York Department of Financial Services widely expected to publish new rules for bitcoin exchanges by the end of summer, the tech-friendly NASDAQ is in a strong […]

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BitcoinJ developer Mike Hearn claims protocol development in “crisis period”

Posted on June 24, 2014

As the developer of the cross-platform Java library BitcoinJ, Mike Hearn knows a thing or two about the status of the overall bitcoin protocol. Until recently, Hearn was a developer at Google, but he recently decided to take the relatively risky step of moving into bitcoin full time. During an interview with the Epicenter Bitcoin […]

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Relaunched ZipZap brings bitcoin buying to 20,000 retail locations

Posted on June 24, 2014

In March, San Francisco-based bitcoin payment startup ZipZap was forced to halt its ambitious plan to bring retail-level bitcoin-buying to a huge network of brick-and-mortar businesses. As the price of bitcoin became increasingly erratic following the collapse of Mt.Gox and the fear that Chinese authorities were on the verge of banning cryptocurrencies, ZipZap’s payment processing […]

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California on the verge of making bitcoin “lawful money”

Posted on June 24, 2014

Even in a state that is home to many of the best-known bitcoin startups in the world, digital currency still exists in something of a legal gray area. Transactions not backed by the U.S. dollar have a different legal status under California law, are there are a variety of disincentives and penalties for using alternative […]

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Report: “Futile” mining botnets on the rise

Posted on June 24, 2014

In its latest security report, McAfee Labs turned its attention to bitcoin mining malware. While botnets for bitcoin and various alt-coins is on the rise, McAfee’s analysis claimed that even highly powerful networks of zombie machines were ineffective at mining. Even allowing for zero cost for hardware and power, most cryptocurrency algorithms long ago passed […]

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British dependency Jersey wants to become a “Bitcoin Island”

Posted on June 23, 2014

With a population of just under 100,000, you might not expect that the tiny island of Jersey would be a major hub for international business. Yet, almost half of the island’s £3.7 billion annual national income originates in the financial services sector. Like many self-governing island nations, Jersey has made an industry of creating very […]

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BTC China’s Bobby Lee explains bitcoin’s current status in China

Posted on June 23, 2014

BTC China CEO Bobby Lee has been at the front lines of the People’s Bank of China’s (PBoC) efforts to suppress bitcoin right from the start. Through it all, he’s managed to keep his exchange open even as his competition has scaled back their operations, changed their business models or closed completely under PBoC pressure. […]

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Report: Congressman Jared Polis vows to protect bitcoin

Posted on June 23, 2014

When it comes to political advocates for bitcoin, U.S. Congressman Jared Polis is at the front of the pack. As a member of the House of Representatives, Polis might not have the policy sway of a senator, but he has already proven that he’s willing to use what influence he has to keep bitcoin from […]

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Report: GHash.io’s Jeffrey Smith talks about the 51% problem

Posted on June 23, 2014

Few organizations in the bitcoin community have been the subject of such heated debate as GHash.io. On the one hand, GHash has created one of the most user-friendly, efficient and low payout-variability pools in the cryptocurrency world, leveraging their own dedicated cloud mining system to encourage high rewards for independent contributors. On the other, GHash […]

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Coinbase offers “bits” option, instant BTC buyback and new mobile site

Posted on June 22, 2014

It has been a very busy week for Coinbase. On Wednesday, the bitcoin payment processing giant unveiled their new mobile site. The move comes as Coinbase gave its official nod of approval to an unofficial iOS app entering the iTunes App Store. With bitcoin’s future on iOS still dependent on each company being in Apple’s […]

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In the wake of mining centralization worries, PetaMine takes vote on switching to P2Pool system

Posted on June 21, 2014

Bitcoin cloud mining company PetaMine controls about 1150 TH/s of hashing power, accounting for just under 1% of the current network hashrate. The company has generally pointed its miners at mega-pool GHash.io, but with that group recently coming under serious criticism for having more than 51% of the total network’s hash rate, PetaMine’s organizers have […]

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Report: Updated Gyft iOS app allows bitcoin payments

Posted on June 20, 2014

For many active bitcoiners, Gyft is solution to a major problem: Buying things with bitcoin at places that don’t accept cryptocurrency. The company provides digital gift cards for some of the best-known brands and retailers in the world, such as Whole Foods, Burger King, CVS and Game Stop. The company even returns 3% of the […]

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Unofficial Coinbase iOS app gets nod of approval from Coinbase amid user controversy

Posted on June 20, 2014

Only a few short weeks ago, a flood of fully functional iOS wallet apps coming into the iTunes App Store would have been seen as exactly the kind of problem bitcoin needed. At the time, Apple seemed openly hostile to any fully functional cryptocurrency application, removing even popular apps by some of the most reputable […]

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Report: Swiss regulators approve bitcoin ATM network

Posted on June 20, 2014

Regulators in Switzerland have approved a plan by bitcoin ATM operator SBEX SA to launch their planned network of machines across the country. Earlier this month, the Swiss Financial Market Supervisory Authority (FINMA) halted plans by another bitcoin startup, Bitcoin Suisse AG, pending a legal review. With the regulatory issues seemingly resolved, SBEX can now […]

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Updated Blockchain.info shows greater range of mining pools

Posted on June 20, 2014

Last week, a single mining pool, GHash.io, briefly gained over 51% of the hashing power of the entire network. Although several core developers have claimed that a true 51% attack is extremely unlikely, and that the centralization of mining power isn’t the huge problem it has been presented as, this did little to slow the […]

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Report: Bitcoin-friendly British MP says corporate currencies will replace cryptocurrencies

Posted on June 19, 2014

Conservative Member of Parliament Douglas Carswell is no stranger to the concepts of cryptocurrencies. In fact, he’s generally seen as one of the few advocate for bitcoin in the British government, even though he has called himself “a bit of a Bitcoin sceptic” when it comes to the digital currency’s long-term prospects. Last year, Carswell […]

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Report: Bolivia’s central bank bans bitcoin

Posted on June 19, 2014

In a move aimed at protecting its national currency, the boliviano, Bolivia’s central bank official prohibited the use of bitcoin and other cryptocurrencies today. Although the policy was created by El Banco Central de Bolivia back in early May, it has only recently become known to the general public following a story by Spanish-language news […]

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Report: Japan opts to leave bitcoin unregulated

Posted on June 19, 2014

Japanese lawmakers announced yesterday that they would not be implementing regulations on bitcoin or other virtual currencies for the time being. The announcement from Japan’s Liberal Democratic Party (LDP), the ruling government party in the country’s Parliamentary system, won’t be official policy until additional hearings are completed. Speaking with Reuters, LDP lawmaker Takuya Hirai said: […]

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Bitcoin Foundation begins push for Unicode symbol

Posted on June 19, 2014

Last week, the Bitcoin Foundation announced a plan to finally solve one of the digital currency’s nagging problems: The lack of a Unicode-approved symbol. Although bitcoin has officially used the symbol of a capital “B” with two vertical strokes through it (in the style of the U.S. dollar), that symbol doesn’t exist in the Unicode […]

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