Latest Bitcoin News by Category: News

More Bitcoin ATMs coming to London, Singapore

Posted on 17th February, 2014

Residents in London and Singapore can expect to see new Bitcoin ATMs in city cafes next month thanks to Vancouver-based “Bitcoin Store” Bitcoiniacs. The company is planning on globally expanding the model already in use at the their Waves Coffee House location, combining a small brokerage office next to a Bitcoin ATM. According to an […]

Coinplug releases new apps for South Korean market

Posted on 17th February, 2014

South Korean Bitcoin exchange Coinplug has released three new Android apps to help spur adoption of the cryptocurrency in the country. Coinplug’s trio are familiar tools for the Bitcoin faithful: a wallet, a trading app and a self-contained point of sale (POS) system for merchants. These appear to be the first Bitcoin apps created specifically […]

Thailand’s central bank approves Bitcoin exchange

Posted on 17th February, 2014

In August of 2013, the Bank of Thailand released a strongly worded letter explaining that Bitcoin was an “illegal” form of currency in the country. Even though Thailand’s central bank lacked the authority to actually make trading in Bitcoin a crime, the disapproval was strong enough that public trading in Bitcoin was effectively halted in […]

Mt.Gox claims withdrawals to resume soon

Posted on 17th February, 2014

In a statement released earlier today, Mt.Gox announced plans unfreeze customer accounts “soon.” The announcement follows a terrible week for Mt.Gox, as Bitcoin prices on the troubled exchange tumbled to $220 over the weekend, over $400 lower than the values on the other major exchanges. On Saturday, Mt.Gox froze internal trading on the site while […]

Suspicious SPAM: The 1 Satoshi Mystery

Posted on 16th February, 2014

While the transaction malleability bug, DDoS attacks and massive problems at Mt.Gox have snagged many headlines this week, another mystery has been on the minds of Bitcoin experts: What’s with the flood of 1 Satoshi (0.00000001BTC) transactions being sent to random wallets? Bryan Chaffin at The Mac Observer takes a look at the situation, and […]

Plummet: Mt.Gox Bitcoin value drops below $250, may be hacked

Posted on 16th February, 2014

Bitcoin values at troubled Tokyo-based Bitcoin exchange plunged below $250 today, well under the $620 average seen on most other exchanges this morning. Given the rough week that Mt.Gox has had, the exact cause behind the latest price drop is difficult to pinpoint. One strong candidate, however, is the growing rumor that Mt.Gox itself was […]

Feds lose $31 million from seized Silk Road Bitcoins

Posted on 15th February, 2014

In October of last year, the FBI seized 144,336 Bitcoin from accounts belonging to the Silk Road black market site. By the start of 2014, those coins were valued at around $114 million. Unfortunately, Bitcoin’s value has taken quite a hit in recent months, resulting in a net loss to the Federal government of nearly […]

BitPay announces Bitcore, new open-source project for Bitcoin apps

Posted on 15th February, 2014

Bitcoin processor BitPay announced the beta launch of a new project called Bitcore yesterday. According to the project homepage, “Bitcore is a complete, native interface to the Bitcoin network, and provides the core functionality needed to develop apps for bitcoin.” BitPay’s announcement provided a few key details about the fundamental concept behind Bitcore, explaining: At […]

Mt.Gox halts internal deposits

Posted on 15th February, 2014

Earlier this week, Mt.Gox suspended all Bitcoin withdrawals from the site, citing vulnerabilities to the “transaction malleability” glitch, preventing customers from removing their funds from the site. Today, the Tokyo-based exchange took things a step further, blocking all deposits and internal transfers for a “short site maintenance update.” From the Mt.Gox press release: In order […]

What the new Obama rules on marijuana money means for Bitcoin

Posted on 15th February, 2014

Yesterday, the Obama administration announced new guidelines allowing the banking industry to do business with legal marijuana sellers. While this is clearly a game changing moment for the mainstream financial sector, the implications for the growing Bitcoin market will also be significant. To understand why, it’s worth remembering that Bitcoin first entered the mainstream consciousness […]