Monthly Archives: August 2014

New Y Combinator-backed bitcoin debit card testing in San Francisco

Posted on 12th August, 2014

If San Francisco-based bitcoin startup Shift Payments has its way, Xapo’s newly launched debit card system may soon have some serious competition. The Y Combinator-backed company announced that it was currently testing a new debit card system enabling users to pay with existing bitcoin and Ripple wallets. If successful, the system would expand to allow […]

Will this week be remembered as “The Great Alt-Coin Meltdown”?

Posted on 12th August, 2014

Yesterday, the bottom fell out of the alt-coin market. As bitcoin’s price stumbled a few percent (dropping from the low $580s to the high $560s), a huge range of second-tier cryptocurrencies like litecoin, dogecoin and NXT have been in freefall. In the last 24 hours alone, litecoin has given up 15% of its total value, […]

Indian bitcoin startup Unocoin raises $250,000 in new fundraising round

Posted on 11th August, 2014

Thus far, India has been a tough market for bitcoin to break into. With an estimated 41% of India’s population “unbanked” (and well over 60% in rural areas) and a massive $70 billion remittance market, it’s also a country where bitcoin could have a huge impact. With that in mind, Bangalore-based startup Unocoin has been […]

Mt. Gox bankruptcy proceedings delayed another six months as filing deadlines extended

Posted on 11th August, 2014

Defunct Tokyo-based bitcoin exchange Mt.Gox recently announced that the resolution to its ongoing bankruptcy case will be delayed by at least another six months. In a new update to Mt.Gox’s website, court-appointed trustee Nobuaki Kobayashi said that an order issued last month by the Tokyo District Court 20th Civil Division has pushed the claim-filing period […]

ChangeTip extends bitcoin tipping system to Tumblr, YouTube and Google+

Posted on 11th August, 2014

Popular bitcoin-tipping service ChangeTip is already well known by users of Reddit and Twitter, allowing users to easily send and receive small amounts of BTC for writing clever posts, answering questions or providing good advice. Last week, the service announced it had finished testing an expansion to bring the service to three of the most […]

Consumer Financial Protection Bureau releases virtual currency warning, will create complaint center

Posted on 11th August, 2014

The Consumer Financial Protection Bureau (CFPB) issued a new advisory today focused on bitcoin and other digital currencies. The report is similar in content and tone to many consumer-focused warnings published by regulatory bodies across the globe over the last year, with a focus on potential scams, security issues and other well-known cryptocurrency dangers. The […]

Blockchain.info approaches 2 million user wallets

Posted on 10th August, 2014

In early January, blockchain explorer and hosted wallet provider Blockchain.info announced that it had crossed an important milestone: One million user wallets created. Founded in mid 2011, the company had spent well over two years building up that level of adoption, and the news was widely seen as an overall indicator of growing interest in […]

Massive online image-sharing service Imgur to accept bitcoin

Posted on 9th August, 2014

For every meme that miraculously gains a foothold in the public consciousness, from the Overly Attached Girlfriend to the genesis meme behind Dogecoin, those images still have to reside somewhere. Every image-bearing forum post, Reddit link, Facebook share and Twitter has to be stored and sent from a server. Increasingly, the most popular place to […]

Lake Tahoe home sells for $1.6 million — paid in BTC

Posted on 8th August, 2014

The Wall Street Journal reports today that a property in Lake Tahoe sold for 2,739 BTC, or roughly $1.6 million. The 1.4 acre property on the California side of the lake is located in the private luxury resort of Martis Camp, and appears to be the single biggest bitcoin-backed property sale to date. The price […]

Chinese cryptocurrency exchange Huobi buys Quickwallet and Qukuai

Posted on 8th August, 2014

Chinese bitcoin and litecoin exchange Huobi announced this week that it has acquired two significant cryptocurrency properties: Multi-signature wallet provider Quickwallet and blockchain explorer system Qukuai. The new services will dramatically expand Huobi’s commercial offerings, and may well represent an attempt to grow the company beyond its current niche as one of the “big three” […]