Monthly Archives: February 2014

Bank of Thailand: Bitcoin may or may not be illegal

Posted on 21st February, 2014

Last week, the Bank of Thailand issued a statement reversing its previous stance that trading in Bitcoin violated national law. This announcement prompted Thailand’s only Bitcoin exchange, Bitcoin Co Ltd, to resume trading in baht, the national currency. Yesterday, Thailand’s central bank issued a new statement that effectively reverses their last stance, once again calling […]

As Mt.Gox drops below $100, the speculators circle overhead

Posted on 21st February, 2014

The situation on the troubled Mt.Gox keeps getting worse. Early Friday morning, the price of Bitcoin dropped to $91.50 on the Tokyo-based exchange, well below the $550 average seen across other major exchanges. Although prices on Mt.Gox have been declining steeply since the exchange locked down user transactions earlier this month, falling below the $100 […]

Winkdex: Winklevoss Twins debut new Bitcoin price index

Posted on 20th February, 2014

The Winklevoss twins may well be the best-known faces of Bitcoin investment, and they’re hoping to leverage that small amount of fame with the launch of their new blended price index, the Winkdex. The “Winklevii” plan to use their new index to price assets in their upcoming Winklevoss Bitcoin Trust. Winkdex.com is powered by Math-based […]

NY financial regulator Ben Lawsky talks Bitcoin on Reddit

Posted on 20th February, 2014

Earlier today, New York Department of Financial Services (NYDFS) superintendent Ben Lawsky participated in a Bitcoin-themed Ask Me Anything (AMA) on Reddit, offering a window into the state’s plans for future regulation of the cryptocurrency. Lawsky made headlines last week after sketching out a regulatory framework that would include a “BitLicense” for those doing business […]

Central Bank of Brazil releases warning on virtual currencies

Posted on 20th February, 2014

The Banco Central do Brasil issued a warning today about virtual currencies. The Brazilian central bank joins a chorus of skeptical voices in the banking industry, including Canada, Israel, India and China. The Brazilian bank’s statement outlines concerns familiar to anyone following cryptocurrencies, namely the lack of regulation, high price volatility and concerns about the […]

Second U.S. Bitcoin ATM launches in Boston

Posted on 20th February, 2014

Welcome to the start of the U.S. Bitcoin ATM boom. Following shortly after yesterday’s launch of the first such ATM in Albuquerque, New Mexico, Bitcoin startup Liberty Teller powered up their Lamassu machine in Boston’s South Station. The busy subway station is Boston’s largest, and sees an estimated 25 million travelers a year pass through […]

Mt.Gox plummets to $130

Posted on 20th February, 2014

For the first time since last October, Bitcoin prices on Mt.Gox fell to $130 today. By comparison, prices on the other major exchanges have dipped only to around $570. The Mt.Gox price divergence has grown increasingly wide in the last week following the lockdown of withdrawals from the troubled Tokyo-based exchange, as well as growing […]

Is PayPal building a Bitcoin-friendly wallet?

Posted on 19th February, 2014

Speaking with Bloomberg TV yesterday, eBay CEO John Donahoe dropped interesting tidbit of information about PayPal’s plans for integrating digital currencies. Responding to a question from Street Smart‘s Matt Miller about looming competition from Bitcoin, Donahoe said: You can use digital currencies in the PayPal digital wallet, that’s in fact what PayPal is doing … […]

Bank of Montreal closes Cointrader’s accounts

Posted on 19th February, 2014

On Monday, Vancouver-based Bitcoin exchange Cointrader announced in a blog post that their corporate and customer account have been closed by the Bank of Montreal. The decision by Canada’s forth-largest bank follows recent negative comments about cryptocurrencies from Canadian Finance Minister Jim Flaherty. Flaherty’s comments noted that Bitcoin and related currencies represented a “threat” to […]

Blockchain CEO donates $10,000 in Bitcoin to University of Puget Sound

Posted on 19th February, 2014

In 2007, Nic Cary graduated from at Washington State’s University of Puget Sound with a Bachelor of Arts degree from the Business Leadership Program. In the seven years since his graduation, Cary has done alright for himself thanks to savvy investments in Bitcoin. Now the CEO of Blockchain.info, Cary decided to make a fitting donation […]