Monthly Archives: April 2014

Chinese exchange BTC38 halts fiat transactions in anticipation of bitcoin ban

Posted on 2nd April, 2014

Last week, Chinese business newspaper Caixin reported that the People’s Bank of China had plans to ban all banks and third-party financial systems from working with the country’s 15 bitcoin exchanges. The rumor sent bitcoin prices into a steep plunge, dropping to around $450. Today, those rumors have a bit more fuel. Chinese exchange BTC38 […]

Neo & Bee CEO to step down following insolvency concerns

Posted on 2nd April, 2014

In February, the world’s first “bitcoin bank” Neo opened to much fanfare in Cyprus. Barely a month later, the stock price is in the gutter, stock trading on Havelock has been halted due to “unusual activity,” the company’s offices in Cyprus are shuttered, and CEO Danny Brewster is no longer in the country. There has […]

Coinbase denies data breach

Posted on 2nd April, 2014

Yesterday, a list of roughly 2,000 names and email addresses tied to Coinbase accounts was released by an unknown person to Pastebin. The post warned readers that “Coinbase provides your full transaction history to the FBI, FinCEN and IRS every day. They are under a gag order.” While the list does seem to contain valid […]

Federal Bank VP claims bitcoin will force banks to “Adapt or die”

Posted on 1st April, 2014

Yesterday, the Federal Reserve Bank of St. Louis hosted a talk by David Andolfatto titled “Bitcoin and Beyond: The Possibilities and the Pitfalls of Virtual Currencies.” In addition to his role as Vice President of the bank, Andolfatto is a professor at Simon Fraser University. One of the key perspectives in the presentation was the […]

Dorian Nakamoto fundraiser generates $23,000

Posted on 1st April, 2014

In the weeks since Newsweek boisterously claimed to have identified bitcoin’s mysterious creator as 64-year-old Dorian Satoshi Nakamoto, evidence has piled up that the once-venerable magazine was wrong. Almost immediately after Dorian Nakamoto insisted to the Associated Press that he was not involved with bitcoin in any way, but was actually a financially struggling retired […]

Report: Charlie Shrem cutting plea deal in Silk Road case

Posted on 1st April, 2014

Bloomberg reports that former BitInstant CEO Charlie Shrem is in the process of working out a plea deal with prosecutors for his alleged role in the Silk Road drug network. Shrem was arrested in January for conspiring to launder more than $1 million dollars in drug-related funds through his company. Assistant U.S. Attorney Serrin Turner […]

April Fools’ Day bitcoin roundup

Posted on 1st April, 2014

For an already jittery community worried about price drops and regulation, following bitcoin news on April 1st is a special kind of waking nightmare. With few truly reliable news sources, and many meaningful stories breaking through obscure sites, forums and Reddit posts, knowing what to believe on April Fool’s Day is almost impossible. Of course, […]