Latest Bitcoin News by Category: News

Chairwoman Yellen: Federal Reserve has no authority over Bitcoin

Posted on 27th February, 2014

“The Fed doesn’t have authority to supervise or regulate Bitcoin in any way,” Federal reserve chairwoman Janet Yellen said today. Speaking to the Senate Banking Committee, Yellen was asked about the virtual currency by Senator Joe Manchin (D-W.Va.), who called yesterday for a Federal ban on Bitcoin. While she noted at the Fed was “looking […]

Bitcoin ATM coming to largest mall in North America

Posted on 27th February, 2014

The West Edmonton Mall in Alberta, Canada, recently unveiled a new Bitcoin ATM. The mall is the largest in North America, and serves as a major tourism destination in Alberta, with 30.8 million shoppers passing through its doors every year. The Robocoin-made ATM is the first in the region, and is owned and operated by […]

Senator Joe Manchin calls for federal ban on Bitcoin

Posted on 26th February, 2014

Is Bitcoin “disruptive” enough to the U.S. economy to merit a federal-level ban? According to U.S. Senator Joe Manchin (D-W.Va.), it is. In a strongly worded letter to the Treasury, Federal Reserve and other related financial agencies, Manchin called for the outright prohibition of “this dangerous currency” before it can harm American consumers. Manchin’s letter […]

Mt.Gox subpoenaed by US Attorney’s office, may be under investigation in Japan

Posted on 26th February, 2014

The worsening situation at Mt.Gox has caught the attention of the US Attorney’s office in New York. According to a story published in the Wall Street Journal yesterday, the federal prosecutors sent a subpoena to Mt.Gox asking the exchange to “preserve certain documents among other things.” While the US Attorney’s office has declined to comment […]

Kraken puts hold on USD transactions

Posted on 26th February, 2014

Cryptocoin exchange Kraken announced today that it was putting a temporary halt on transactions in the U.S. dollar, and offering a 2% bonus to users who switch their existing balances to euros. Speaking with CoinDesk, a Kraken customer support representative explained the decision as the result of slow and delayed USD withdrawals. According to Kraken’s […]

New statement Mt.Gox CEO Karpeles sheds no light on developments

Posted on 26th February, 2014

There has been very little information to come from Mt.Gox in recent weeks, and what details have emerged from the troubled exchange have generally come in the form of leaks or unconfirmed reports. While there have been occasional, fragmentary reports from Mt.Gox CEO Mark Karpeles, they’ve offered little insight into the situation at Mt.Gox. Today’s […]

Central Bank of Cyprus: “Bitcoin is not illegal”

Posted on 26th February, 2014

Speaking with the Cyprus Mail, a representative of the Central Bank of Cyprus confirmed that Bitcoin is perfectly legal in the country. “Bitcoin is not illegal, but at the same time neither is it subject to control or regulation,” said an unnamed spokesperson for the central bank. The timing of the confirmation is key, as […]

Falcon Global Capital bids on seized Silk Road Bitcoins

Posted on 25th February, 2014

When the FBI took down the original Silk Road operation last October, it also seized 29,655 Bitcoin from the site. At peak prices, the seized coins were worth $35.5 million, but thanks to the volatility of the current market, they’re currently worth less than half that amount. Last month, the US Attorney’s Office of the […]

BTC.sx suspends suspends trading following Mt.Gox shutdown

Posted on 25th February, 2014

Bitcoin margin-trading platform BTC.sx announced today that it was suspending all services “until further notice” following the apparent shutdown of trading partner Mt.Gox. The UK and Singapore-based company made the announcement to customers via email. The email claims that all BTC.sx customer funds are secure, and that the company will honor all withdrawal requests and […]

SecondMarket to open dedicated Bitcoin exchange

Posted on 25th February, 2014

Online illiquid asset marketplace SecondMarket recently announced plans to launch a dedicated Bitcoin exchange. The New York-based company has long traded in products like private company stocks and auction‐rate securities, but in recent months has been developing a strong virtual currency division. The new exchange would spin out this 11-member team and other assets into […]