Latest Bitcoin News by Category: News

Tokyo police shut down Mt.Gox protest

Posted on 22nd February, 2014

Yesterday, police broke up the small, loosely organized protest outside Mt.Gox’s offices in Tokyo’s Shibuya district. Police told the protestors that the demonstration was illegal, and warned them not to return without a “demonstration license.” According to protest organizers, the police were called by other tenants of the building who had grown tired of the […]

Overstock CEO: Bitcoin Isn’t Just A Publicity Stunt

Posted on 21st February, 2014

Overstock.com’s CEO Patrick Byrne was profiled on Forbes today, speaking at length about his views on the future of Bitcoin. One of the most interesting revelations is that Byrne personally cashed out “several million dollars worth” of gold to convert to Bitcoin. This appears to directly contradict speculation that Overstock and other companies were adopting […]

BitPay’s new payment protocol may make Bitcoin shopping easier

Posted on 21st February, 2014

Bitcoin payment service provider BitPay just unveiled a powerful new tool for simplifying merchant transactions. The Bitcoin Payment Protocol enables users to simply “click on a payment link, or scan a QR code, and the wallet software offers two simple choices to the user, pay or don’t pay.” Current Bitcoin payment systems generally require users […]

Bank of Thailand: Bitcoin may or may not be illegal

Posted on 21st February, 2014

Last week, the Bank of Thailand issued a statement reversing its previous stance that trading in Bitcoin violated national law. This announcement prompted Thailand’s only Bitcoin exchange, Bitcoin Co Ltd, to resume trading in baht, the national currency. Yesterday, Thailand’s central bank issued a new statement that effectively reverses their last stance, once again calling […]

As Mt.Gox drops below $100, the speculators circle overhead

Posted on 21st February, 2014

The situation on the troubled Mt.Gox keeps getting worse. Early Friday morning, the price of Bitcoin dropped to $91.50 on the Tokyo-based exchange, well below the $550 average seen across other major exchanges. Although prices on Mt.Gox have been declining steeply since the exchange locked down user transactions earlier this month, falling below the $100 […]

Winkdex: Winklevoss Twins debut new Bitcoin price index

Posted on 20th February, 2014

The Winklevoss twins may well be the best-known faces of Bitcoin investment, and they’re hoping to leverage that small amount of fame with the launch of their new blended price index, the Winkdex. The “Winklevii” plan to use their new index to price assets in their upcoming Winklevoss Bitcoin Trust. Winkdex.com is powered by Math-based […]

NY financial regulator Ben Lawsky talks Bitcoin on Reddit

Posted on 20th February, 2014

Earlier today, New York Department of Financial Services (NYDFS) superintendent Ben Lawsky participated in a Bitcoin-themed Ask Me Anything (AMA) on Reddit, offering a window into the state’s plans for future regulation of the cryptocurrency. Lawsky made headlines last week after sketching out a regulatory framework that would include a “BitLicense” for those doing business […]

Central Bank of Brazil releases warning on virtual currencies

Posted on 20th February, 2014

The Banco Central do Brasil issued a warning today about virtual currencies. The Brazilian central bank joins a chorus of skeptical voices in the banking industry, including Canada, Israel, India and China. The Brazilian bank’s statement outlines concerns familiar to anyone following cryptocurrencies, namely the lack of regulation, high price volatility and concerns about the […]

Second U.S. Bitcoin ATM launches in Boston

Posted on 20th February, 2014

Welcome to the start of the U.S. Bitcoin ATM boom. Following shortly after yesterday’s launch of the first such ATM in Albuquerque, New Mexico, Bitcoin startup Liberty Teller powered up their Lamassu machine in Boston’s South Station. The busy subway station is Boston’s largest, and sees an estimated 25 million travelers a year pass through […]

Mt.Gox plummets to $130

Posted on 20th February, 2014

For the first time since last October, Bitcoin prices on Mt.Gox fell to $130 today. By comparison, prices on the other major exchanges have dipped only to around $570. The Mt.Gox price divergence has grown increasingly wide in the last week following the lockdown of withdrawals from the troubled Tokyo-based exchange, as well as growing […]