Latest Bitcoin News by Category: News

Report: Pony botnet virus lifts $220,000 from digital wallets

Posted on 25th February, 2014

IT security company Trustwave claims that at least $220,000 in Bitcoin and other virtual currencies has been stolen from digital wallets through the Pony botnet. In a blog posted yesterday, the Chicago-based security services provider claims the Trojan virus-based attacks can steal funds from over 30 types of wallets. According to our data, the cyber […]

Mt.Gox offline, rumored to have lost 744,400 BTC

Posted on 25th February, 2014

Last night, Tokyo-based Bitcoin exchange Mt.Gox went offline, feeding rumors that the troubled company was planning to announce bankruptcy. Shortly after the site went down, a document titled “Crisis Strategy Draft” surfaced on Bitcoin forums, seemingly originating from Mt.Gox. The document claims that 744,400 BTC (roughly $350 million) were stolen from the site by hackers […]

Report: 100 Bitcoin ATMs coming to Spain over next three months

Posted on 24th February, 2014

According to a report published on Cryptocoins News, Spain will go from having one lone Bitcoin ATM in a Barcelona mall to having over 100 throughout the country. The ambitious plan is collaboration between ATM manufacturer PayMaQ and distributor Bbank, who aim to take advantage of Spain’s current lack of Bitcoin regulation. Under Spain’s current […]

Australian government watching all Bitcoin-to-AUD conversions

Posted on 24th February, 2014

In a report published earlier today on ZDNet, a representative from the Australian Transaction Reports and Analysis Centre (Austrac) confirmed that the Australian government are tracking every visible conversion of Bitcoin into and out of Australian dollars (AUD). The anti-money laundering agency’s CEO, John Schmidt, made the statement while giving a statement before Australia’s Senate […]

J.P. Morgan report examines Mt.Gox woes

Posted on 24th February, 2014

In a report released today, investment banking giant J.P. Morgan examined the recent “saga” of troubled Bitcoin exchange Mt.Gox. Authored by Morgan’s head of foreign exchange strategy, John Normand, the one-page report is a follow-up to their more general profile on Bitcoin released earlier this month. The contents of the report itself seem to be […]

“Bitcoin Bank” Neo opens in Cyprus

Posted on 24th February, 2014

Earlier today, the offices of “bank like” Bitcoin service provider Neo opened in Cyprus. The company provides many of the financial services of a bank, such as savings and business accounts, as well as providing access to funds through a debit card-like system powered by their sister company, Bee. The launch is already being hailed […]

Mt.Gox CEO Karpeles resigns from Bitcoin Foundation, wipes Twitter feed

Posted on 24th February, 2014

Mt.Gox CEO Mark Karpeles quietly resigned from the Bitcoin Foundation yesterday. The resignation, which was effective immediately, was confirmed today by Bitcoin Foundation spokesman Jinyoung Lee Englund, speaking with the Reuters news agency. Immediately following the resignation, Mt.Gox also deleted the entire contents of it Twitter feed. There has been no comment from Mt.Gox about […]

Report: Goldman Sachs weighs in on Bitcoin

Posted on 23rd February, 2014

Investment banking giant Goldman Sachs has made an initial assessment of Bitcoin, deeming it “a bit dangerous” as a commercial offering. In a report leaked to TechCrunch, the bank claims that “it has become hard to separate the effect of hype surrounding the currency from its fundamentals.” The Goldman report cites the lack of a […]

Jordan’s central bank blocks financial companies from using Bitcoin

Posted on 23rd February, 2014

The Central Bank of Jordan initiated a new policy this week blocking financial companies from using Bitcoin. The bank’s Executive Director, Maha Bahu, informed The Jordan Times yesterday that the CBJ had released new rules to all banks in the Kingdom prohibiting them from dealing in all virtual currencies, and in Bitcoin in particular. The […]

Senate Chairman gives nod to Bitcoin regulation task force

Posted on 22nd February, 2014

In what is likely to be seen as a step towards increased U.S. regulation of virtual currencies, the Chairman of the US Senate’s Homeland Security & Governmental Affairs Committee (HSGAC), Senator Tom Carper (D-Del), endorsed the creation of task force on the topic by the Conference of State Bank Supervisors. The “Emerging Payments Task Force” […]