Monthly Archives: February 2014

Mt.Gox BTC values briefly scratch $300

Posted on 14th February, 2014

Only yesterday, we reported about the growing disparity between the value of a Bitcoin on Mt.Gox versus that same Bitcoin on any other exchange. Today’s prices have only amplified this trend, with trades on Mt.Gox reaching a recent low of $302, even as the price hovered well above $600 on most of the other major […]

Bitstamp announces withdrawals will resume today

Posted on 14th February, 2014

Earlier this week, citing the massive DDoS attack on Bitcoin infrastructure, Bitstamp halted all withdrawals from customer accounts. That freeze on customer accounts appears to be ending, as Bitstamp recently announced via Twitter and their website that they’ll be resuming withdrawal processing later today. Speaking with CoinDesk, Bitstamp CEO Nejc Kodrič says his team has […]

Man confronts Mt.Gox CEO Karpeles over frozen Bitcoin accounts

Posted on 14th February, 2014

Inspired by the recent three-day “sit in” protest at the Mt.Gox offices by Australian Bitcoin activist CoinSeacher, Kolin Burges decided to take action as well. The London-based software developer moved his holdings in Litecoin to Mt.Gox at the end of last year, only to see his funds completely frozen earlier this month. Fed up with […]

New Silk Road hacked for $2.6 million via Bitcoin glitch

Posted on 14th February, 2014

The latest incarnation of Bitcoin black market site Silk Road had been hit by the same “transaction malleability” glitch that recently took down Mt.Gox and Bitstamp. A message from site administrator “Defcon” was leaked to Reddit yesterday outlining the issues on Silk Road. According to the email, no account information was hacked, and all of […]

London’s first Bitcoin ATM shipping soon

Posted on 13th February, 2014

According to a report from the International Business Times, London will soon be receiving its first Bitcoin ATM. Global Bitcoin ATM’s spokesperson claims that the machine is being updated with new software and going through compliance testing before shipping to the U.K. capital. Coindesk reports that London may soon see a boom of Bitcoin-trading ATMs […]

What is Jed McCaleb’s “secret Bitcoin project”?

Posted on 13th February, 2014

The Bitcoin press has been abuzz today with the recent call for alpha testers for a “secret Bitcoin project” created by Jed McCaleb. Why all the interest? McCaleb is best known as the creator of the Mt.Gox (which he sold to investor Mark Karpeles in 2011), and one of the innovators behind today’s Bitcoin and […]

Is Mt.Gox “effectively dead”?

Posted on 13th February, 2014

Not all that long ago, Mt.Gox was the center of the Bitcoin world. It was the first major exchange to handle the virtual currency, and the largest by volume until last year. After a year-long series of blunders and one massive recent catastrophe, however, the users are fleeing the site in droves. The tech press […]

New York regulator Ben Lawsky weighs in on recent Bitcoin woes

Posted on 13th February, 2014

Ben Lawsky from New York’s Department of Financial Services made headlines yesterday after outlining his state’s plan for regulating Bitcoin, but his other comments about the cryptocurrency that may be more interesting. Speaking at Future Tense in Washington, DC, Lawksy weighed in on the recent price drops caused by the “transaction malleability” glitch. “I think […]

Mt.Gox Bitcoin value dips below $500

Posted on 13th February, 2014

It’s been a bad week for Mt.Gox. Once the largest and best-known Bitcoin exchange, the Tokyo-based trading center has been besieged by complaints and criticism following the exposure of a weakness in their code that fails to properly compensate for the “transaction malleability” bug, first revealed in 2011. Shortly after that revelation, Mt.Gox suspended currency […]

Reserve Bank of India softens stance on Bitcoin

Posted on 12th February, 2014

Speaking at a technology conference in Mumbai yesterday, new Reserve Bank of India governor Raghuram Rajan spoke at length about Bitcoin’s future in India. While not altogether supportive of the cryptocurrency movement, Rajan’s presentation was far from the gloom and doom of RBI’s warning-laden Bitcoin statement in December. Rajan’s comments (reported by Techcrunch) were given […]