Monthly Archives: April 2014

Barry Silbert announces Bitcoin Investment Trust has crossed 100,000 BTC

Posted on 11th April, 2014

It’s no secret that SecondMarket’s Barry Silbert has big plans for bitcoin. As one of the first wave of investors to bring bitcoin onto Wall Street, Silbert’s Bitcoin Investment Trust (BIT) already has some major money behind their initiative. With bitcoin prices dropping nearly 20% over the last week, it should come as little surprise […]

European tech awards show The Europas adds digital currency category

Posted on 10th April, 2014

Starting this year, virtual currency startups will finally have their own category in the annual Europas award show. Since 2009, the event has celebrated developments in technology and innovation, giving a rare opportunity for recognition for European programmers and tech entrepreneurs. Although the awards generally focus on Europe, in recent years prizes have also gone […]

Canadian Parliament committee hears from BitAccess and CaVirtex

Posted on 10th April, 2014

Bitcoin advocates met with Canada’s Senate Committee on Banking, Trade and Commerce yesterday to discuss the future of digital currency in the country. BitAccess co-founder Haseeb Awan, CaVirtex CEO Joseph David and Bitcoin Strategy Group partners Kyle Kemper and Victoria van Eyk met with lawmakers to discuss a wide range of bitcoin-related topics. The Senate […]

Problems surface with popular wallet client MultiBit

Posted on 10th April, 2014

A bug in the code of popular bitcoin wallet MultiBit has sparked considerable debate about the reliability of the open-source wallet client. Several threads posted to Reddit in recent days have revealed a number of problematic glitches in MultiBit’s code, as well as a seeming reluctance on the part of the developer to address them. […]

Bitcoin price falls under $400 following more China news

Posted on 10th April, 2014

Prices fell to below $400 today as Chinese bitcoin exchanges BTCTrade.com, BTC100.org and Huobi announced official notification of deposit shutdowns from their banks. The exchanges will be halting customer deposits from bank accounts and closing accounts between how and April 15. Although their has still been no official confirmation of a change in bitcoin policy […]

Texas Congressman plans to submit bill that would classify bitcoin as currency

Posted on 9th April, 2014

If U.S. Representative Steve Stockman (R-TX) is successful, bitcoin will soon be classified as a currency rather than as property. The congressman recently announced plans to introduce a new bill entitled the Virtual Currency Tax Reform Act which would overrule the recent IRS decision to subject bitcoin to capital gains taxes. Although the bill itself […]

French design company ECOGEX proposes Unicode “Ƀ” for new bitcoin symbol

Posted on 9th April, 2014

As bitcoin slowly filters its way into the mainstream, one of the minor, nagging issues has been the virtual currency’s symbol. The “double-dashed B” isn’t part of the Unicode Standard character set, meaning that there is no universally accepted symbol to indicate bitcoin in computer code. Most bitcoin amounts are indicated with BTC (or, less […]

National Australia Bank closing bitcoin-related accounts

Posted on 9th April, 2014

Starting next month, the National Australia Bank (NAB) will be closing bitcoin-related accounts, citing an “unacceptable level of risk, both to our business and reputation.” NAB, one of Australia’s “big four” banks, has previously been considered one of the most bitcoin-friendly banks in the country. CoinDesk published the contents of a letter from NAB to […]

Robocoin demonstrates bitcoin ATM on Capitol Hill

Posted on 9th April, 2014

Bitcoin ATM maker Robocoin gave a demonstration of their machine to lawmakers and media in Washington, D.C, yesterday. CEO Jordan Kelley hosted the event, answering questions from the press and helping several member of Congress and their staff buy small amounts of bitcoin with the two-way machine. Congressman Jared Polis (D-CO) was among the first […]