Monthly Archives: April 2014

Bitcoin breaks $500 after rumored China deadline passes

Posted on 15th April, 2014

According to the rumor posted last month by China’s Caixin financial news service, April 15 would be a day of reckoning for bitcoin exchanges across the country. Accounts would be closed, and remaining funds seized. Customers would be unable to deposit new funds to buy bitcoin, and exchanges would be unable to deposit earnings in […]

Amazon says it has no plans to integrate bitcoin payments

Posted on 14th April, 2014

As mid-size online merchants like Overstock and TigerDirect experiment with bitcoin-based payments, digital retail giant Amazon remains unimpressed. Speaking with Re/Code, Amazon payments head Tom Taylor said that the demand for bitcoin doesn’t match the hype. Obviously it gets a lot of press and we have considered it, but we’re not hearing from customers that […]

Report: Facebook preparing to launch digital currency

Posted on 14th April, 2014

The Financial Times reported yesterday that Facebook is quietly building a new electronic mobile money service. The system, which would launch in Ireland and be governed under the European Economic Area (EEA), would allow for “passporting” of user funds and essentially turn Facebook into an online remittance service. If approved, Facebook’s system would allow users […]

Blockchain.info now hosts 1.5 million wallets

Posted on 14th April, 2014

It took Blockchain.info nearly two years to cross the threshold of having 500,000 user wallets. When the web-based wallet provider passed a million wallets in early January, it was seen as a huge milestone for the bitcoin community. Today, Blockchain blew past another marker with barely a mention: 1.5 million user wallets. Even with a […]

Bitcoin price on the upswing as China feared crackdown fails to materialize

Posted on 14th April, 2014

For the past six weeks, fear of a looming crackdown on bitcoin-related banking accounts in China has pushed cryptocurrency prices down across the board. Bitcoin, which was trading in the $630 range even in the immediate aftermath of the Mt.Gox fiasco, plummeted to under $360 last week amid speculation that the People’s Bank of China […]

Iconic venture capitalist Fred Wilson talks bitcoin

Posted on 13th April, 2014

In the venture capital world, it’s hard to find a better track record than Fred Wilson’s. The 52-year-old financier was on the front lines of the dotcom bubble, using his experiences to inform a new range of investment with co-founder Brad Burnham at Union Square Ventures. He’s backed projects like Twitter, Tumblr, Foursquare, Zynga and […]

Chinese bitcoin exchanges consider leaving China

Posted on 12th April, 2014

Chinese bitcoin exchanges have had a rough month. They’ve seen the price plummet, several rounds of sell-off panic and dealt with unprecedented levels of insecurity for their own financial accounts. Just a few days ago, many of the major Chinese exchanges were informed by their banking partners that most of their current deposit services and […]

Arrest warrant issued in Cyprus for Neo & Bee CEO

Posted on 12th April, 2014

In a report published today by the Cyprus Mail, Cyprus police have issued an arrest warrant for Neo & Bee CEO Danny Brewster. The report claims that Brewster is named as a “a person of interest in an ongoing investigation” in the fraud investigation, but it’s not clear if he is the primary suspect in […]

Report: Bitcoin boosts sales by 10% for nearly a quarter of businesses

Posted on 11th April, 2014

CoinDesk published a new batch of results from their March 17 merchant survey about the impact of bitcoin adoption on their businesses. Today’s update noted that bitcoin adoption seems to have had at least a mildly positive impact on their sales. In total, our survey found that 24.5% – or roughly one-fourth – of respondents […]

Brazil’s Coincard combines pre-paid MasterCard with bitcoin

Posted on 11th April, 2014

In another sign of the slow, steady global adoption of bitcoin, Brazilian bitcoin exchange BitInvest has launched a pre-paid MasterCard powered by bitcoin deposits. The technology behind Coincard is nothing new, as the exchange simply deposits sold BTC to the debit card rather than a bank account, but it does represent another attempt to bridge […]