Latest Bitcoin News by Category: Finance

New York regulator Ben Lawsky weighs in on recent Bitcoin woes

Posted on 13th February, 2014

Ben Lawsky from New York’s Department of Financial Services made headlines yesterday after outlining his state’s plan for regulating Bitcoin, but his other comments about the cryptocurrency that may be more interesting. Speaking at Future Tense in Washington, DC, Lawksy weighed in on the recent price drops caused by the “transaction malleability” glitch. “I think […]

Mt.Gox Bitcoin value dips below $500

Posted on 13th February, 2014

It’s been a bad week for Mt.Gox. Once the largest and best-known Bitcoin exchange, the Tokyo-based trading center has been besieged by complaints and criticism following the exposure of a weakness in their code that fails to properly compensate for the “transaction malleability” bug, first revealed in 2011. Shortly after that revelation, Mt.Gox suspended currency […]

Bitstamp becomes the latest victim in DDoS attack

Posted on 12th February, 2014

Thanks to a prolonged distributed denial-of-service attack, Bitcoin exchange Bitstamp suspended withdrawals late Tuesday. The world’s third-largest Bitcoin exchange joins the long-troubled MtGox exchange in the fallout over the “transaction malleability” bug in the Bitcoin code. Speaking with Bloomberg News, Blockchain.info’s chief security officer Andreas Antonopoulos characterized the DDoS attacks as “a nuisance” aimed at […]

New York regulator discusses “BitLicense” regulation plan

Posted on 12th February, 2014

Benjamin Lawsky, superintendent of New York’s Department of Financial Services, gave details of his agency’s regulatory plan for Bitcoin transactions in the state. Speaking at the Future Tense conference in Washington, DC, Lawsky outlined the creation of a “BitLicense” for businesses using cryptocurrencies, making New York the first U.S. state to regulate the currency. “Our […]

J.P. Morgan report bashes Bitcoin as “vastly inferior”

Posted on 12th February, 2014

In a report released yesterday, J.P. Morgan’s head of foreign exchange strategy, John Normand, expressed a deeply critical view of Bitcoin and other digital currencies. The eight-page report examined the “risks and opportunities” of investment in cryptocurrencies, citing many significant concerns for large-scale bank investment. In particular, Normand believes that Bitcoin is “vastly inferior to […]

Rally, or Another Bubble?

Posted on 24th January, 2013

Bitcoin is a relatively new phenomenon gaining supporters on a daily basis, so there are a lot of you out there who are probably too new to remember last year’s $31 bubble from direct experience, but it seems like everyone has at least heard of it. Bitcoin has seen extremely high volatility and that makes […]