Monthly Archives: July 2014

Barry Silbert steps down as SecondMarket CEO to focus “100%” on bitcoin

Posted on 25th July, 2014

It’s hardly a secret that Barry Silbert is a big fan of bitcoin. In the past year, the SecondMarket founder has become one of the best known evangelists for the digital currency, giving countless mainstream interviews and investor presentations. He’s also been more than willing to put his money where his mouth is, investing millions […]

Follow Up: Ecuador bans bitcoin and other digital currency

Posted on 25th July, 2014

Earlier this week, the National Assembly of Ecuador began debate over a bill that would create a state-controlled digital currency. One extremely controversial element of the bill was an amendment that would make the use of other digital money in the state illegal. In effect, the law would ban the use of bitcoin and other […]

Report: Taking a page out of Dogecoin’s playbook, bitcoin crowdfunder seeks to sponsor NASCAR driver

Posted on 24th July, 2014

Few things sparked the imagination of the cryptocurrency community quite like the “Dogecar.” Created and funded entirely by the Dogecoin community, the sponsorship of NASCAR driver Josh Wise at Talledega brought the meme-based alt-coin into living rooms across the U.S., dramatically raising the profile of a digital currency still largely considered to be more-or-less a […]

Kanye West wins lawsuit over “Coinye” alt-coin

Posted on 24th July, 2014

Coinye is officially dead. Not that many people will be surprised, or even care for that matter. As the first significant lawsuit connecting trademark law to distributed cryptocurrency, however, it’s a moment worth noting. In January of this year, a group of bitcoin griefers decided that it was time to level their gaze at controversial […]

New York-based bitcoin exchange Coinsetter exits beta testing

Posted on 24th July, 2014

After nearly two years of testing and preparation, New York City-based bitcoin exchange Coinsetter is officially open for business. Although it isn’t the first U.S.-based bitcoin exchange by any means, Coinsetter is the first to be aimed firmly at the Wall Street Market. The exchange has been operating in beta since last November, working with […]

U.S. court issues restraining order halting Bitcoins.com auction

Posted on 24th July, 2014

The much-anticipated auction of branding-friendly domain Bitcoins.com was stopped yesterday when the U.S. District Court of Seattle issued a restraining order preventing the sale. Owned by Mt.Gox parent company Tibanne K.K., Bitcoins.com was expected to sell for around $1 million, with at least half of the proceeds going to Mt.Gox creditors. The injunction was issued […]

Report: Intuit QuickBooks sees “higher than expected” interest in bitcoin payments

Posted on 23rd July, 2014

In June, Inuit’s payment processing system QuickBooks Online announced plans to incorporate bitcoin into their small-business invoicing system. Even at the time, Intuit’s PayByCoin initiative seemed more like a clever marketing and branding move than a truly in-demand service, as the small size of the bitcoin ecosystem suggested only a few tech-forward companies would be […]

With less than 9 hours left, Bitcoins.com pre-auction has yet to break reserve price

Posted on 23rd July, 2014

There are few domain names in the cryptocurrency world more promising for an SEO-savvy marketer than Bitcoins.com. Currently owned by Mt.Gox parent company Tibanne, Bitcoins.com has the potential to be a flagship site in the digital currency community. When it was announced earlier this month that the domain would be auctioned off, many analysts predicted […]

Ecuador’s Congress proposes state-controlled digital currency monopoloy

Posted on 23rd July, 2014

On Thursday, Ecuador’s Congress will vote on a proposal to create a state-controlled digital currency, and to prohibit the use of any digital currency in the country not backed by the nation’s central bank. Regional news outlet PanAm Post reports that the move was presented by President Rafael Correa as “a matter of urgency,” although […]

Mt.Gox creditors meeting provides little news

Posted on 23rd July, 2014

A closed-door meeting of Mt.Gox customers and other creditors held today in Tokyo provided little solace to those who lost their funds on the shuttered bitcoin exchange. The meeting provided those burned by the exchange their first face-to-face interaction with Mt.Gox CEO Mark Karpeles, who gave a brief apology for the situation but otherwise left […]