Monthly Archives: February 2014

Australian government watching all Bitcoin-to-AUD conversions

Posted on 24th February, 2014

In a report published earlier today on ZDNet, a representative from the Australian Transaction Reports and Analysis Centre (Austrac) confirmed that the Australian government are tracking every visible conversion of Bitcoin into and out of Australian dollars (AUD). The anti-money laundering agency’s CEO, John Schmidt, made the statement while giving a statement before Australia’s Senate […]

J.P. Morgan report examines Mt.Gox woes

Posted on 24th February, 2014

In a report released today, investment banking giant J.P. Morgan examined the recent “saga” of troubled Bitcoin exchange Mt.Gox. Authored by Morgan’s head of foreign exchange strategy, John Normand, the one-page report is a follow-up to their more general profile on Bitcoin released earlier this month. The contents of the report itself seem to be […]

“Bitcoin Bank” Neo opens in Cyprus

Posted on 24th February, 2014

Earlier today, the offices of “bank like” Bitcoin service provider Neo opened in Cyprus. The company provides many of the financial services of a bank, such as savings and business accounts, as well as providing access to funds through a debit card-like system powered by their sister company, Bee. The launch is already being hailed […]

Mt.Gox CEO Karpeles resigns from Bitcoin Foundation, wipes Twitter feed

Posted on 24th February, 2014

Mt.Gox CEO Mark Karpeles quietly resigned from the Bitcoin Foundation yesterday. The resignation, which was effective immediately, was confirmed today by Bitcoin Foundation spokesman Jinyoung Lee Englund, speaking with the Reuters news agency. Immediately following the resignation, Mt.Gox also deleted the entire contents of it Twitter feed. There has been no comment from Mt.Gox about […]

Report: Goldman Sachs weighs in on Bitcoin

Posted on 23rd February, 2014

Investment banking giant Goldman Sachs has made an initial assessment of Bitcoin, deeming it “a bit dangerous” as a commercial offering. In a report leaked to TechCrunch, the bank claims that “it has become hard to separate the effect of hype surrounding the currency from its fundamentals.” The Goldman report cites the lack of a […]

Jordan’s central bank blocks financial companies from using Bitcoin

Posted on 23rd February, 2014

The Central Bank of Jordan initiated a new policy this week blocking financial companies from using Bitcoin. The bank’s Executive Director, Maha Bahu, informed The Jordan Times yesterday that the CBJ had released new rules to all banks in the Kingdom prohibiting them from dealing in all virtual currencies, and in Bitcoin in particular. The […]

Senate Chairman gives nod to Bitcoin regulation task force

Posted on 22nd February, 2014

In what is likely to be seen as a step towards increased U.S. regulation of virtual currencies, the Chairman of the US Senate’s Homeland Security & Governmental Affairs Committee (HSGAC), Senator Tom Carper (D-Del), endorsed the creation of task force on the topic by the Conference of State Bank Supervisors. The “Emerging Payments Task Force” […]

Tokyo police shut down Mt.Gox protest

Posted on 22nd February, 2014

Yesterday, police broke up the small, loosely organized protest outside Mt.Gox’s offices in Tokyo’s Shibuya district. Police told the protestors that the demonstration was illegal, and warned them not to return without a “demonstration license.” According to protest organizers, the police were called by other tenants of the building who had grown tired of the […]

Overstock CEO: Bitcoin Isn’t Just A Publicity Stunt

Posted on 21st February, 2014’s CEO Patrick Byrne was profiled on Forbes today, speaking at length about his views on the future of Bitcoin. One of the most interesting revelations is that Byrne personally cashed out “several million dollars worth” of gold to convert to Bitcoin. This appears to directly contradict speculation that Overstock and other companies were adopting […]

BitPay’s new payment protocol may make Bitcoin shopping easier

Posted on 21st February, 2014

Bitcoin payment service provider BitPay just unveiled a powerful new tool for simplifying merchant transactions. The Bitcoin Payment Protocol enables users to simply “click on a payment link, or scan a QR code, and the wallet software offers two simple choices to the user, pay or don’t pay.” Current Bitcoin payment systems generally require users […]