Search Results for: bitcoin

Bitcoin crashes below $1000 after SEC rejects ETF

After much anticipation (and a spike to record highs earlier today), The SEC has decided to reject the Winklevoss application for a Bitcoin ETF. The SEC premise appears to be the unregulated natuire of the underlying: Based on the record before it, the Commission believes that the significant markets for bitcoin …

Read More »

Bitcoin inventor revealed as Australian Craig Wright

Bitcoin Craig Wright

Australian businessman Craig Wright has revealed he is the man behind the cryptocurrency Bitcoin, ending years of speculation. Bitcoin’s code was released in 2009 under the pseudonym Satoshi Nakamoto, and the true identity of Nakamoto was increasingly hard-sought as the virtual currency gained traction. Bitcoin was the top performing currency last year, …

Read More »

Bitcoin is now officially more valuable than gold

Bitcoin gold

The price of bitcoin rallied to all-time highs on Friday, climbing above the price of one ounce of gold for the first time. The cryptocurrency was trading at $1,294, while a troy ounce of gold stood at $1,234. Bitcoin’s rally was attributed to high demand in China despite the country’s central …

Read More »

World’s first Bitcoin bank opens in Austrian capital Vienna

Bitcoin bank Austria Vienna digital currency

The world’s first dedicated bitcoin bank has opened in the center of the Austrian capital Vienna. It is designed to make buying and selling bitcoin easier and safer than other in-person options. The digital currency outlet is owned and managed by a local Blockchain startup Bit Trust and is named …

Read More »

Russia seeking to ban Bitcoin and other surrogate currencies

Russia building flag

It may soon be against the law for Russians to possess Bitcoin (BTC) or other digital currencies. Legislation put forward by Russia’s Ministry of Finance would ban all digital currencies and impose a range of financial penalties on individuals and companies caught creating, generating, or using “quasi-money.” Websites associated with the digital currency market …

Read More »

$5 million worth of bitcoin vanish in China

China bitcoin

A Chinese bitcoin trading platform suddenly shut down and up to $5 million worth of bitcoin disappeared with it, a reminder of the great risk associated with the digital currency. Users were unable to log into the Chinese bitcoin platform Global Bond Limited (GBL) on October 26, and as much …

Read More »

US seizes top Bitcoin exchange as crackdown begins

Bitcoin

The US Department of Homeland Security seized a payment processing account Tuesday belonging to Mt. Gox, the largest international Bitcoin trader, claiming the monetary exchange service falsified financial documents. The American government has previously made it clear that officials are watching Bitcoin, a decentralized economic currency that international regulators have …

Read More »

US Defense Department: Bitcoin a potential terrorism threat

Bitcoin

The US Defense Department is conducting a counterterrorism program investigation of virtual currencies like Bitcoin and other new technologies, including smartphones and social media, to better understand if they pose security threats. Run by the Combating Terrorism Technical Support Office (CTTSO), a division of the Pentagon that analyzes terrorism and …

Read More »

Bitcoin ‘glitch’ sparks 23% flash crash

Bitcoin

While we are used to seeing insta-crashes in our highly-regulated and trustworthy equity markets, the unregulated digital world of Bitcoins suffered another flash-crash last night. According to Ars Technica, the 23% plungefest in the value of the digital currency (the second in a week) was due not to Waddel & Reed, not …

Read More »

Bitcoin invades mainstream banking system

bitcoin

Digital Currency Exchange, Bitcoin-Central, has been authorized by the French government to conduct bank style operations. In an announcement last month on bitcointalk.org, Paymium, the organization behind Bitcoin-Central said this: We’re announcing today that Bitcoin-Central.net is getting, through a partnership with Aqoba, allowed to operate like a bank, (or more precisely like …

Read More »

BitCoin seen through the eyes of a central banker

To us, the ECB’s superficial, amusing take on BitCoin was merely a source of (Friday) humor. To others, such as Tuur Demeester, the ECB’s report on “Virtual Currency Schemes” which was merely a confused attempt to validate the Euro by bashing a prototype electronic currency that others have written far more informed articles …

Read More »

Australian Bitcoin bank hacked, $1.3million stolen

bitcoin

An Australian bitcoin bank holding over US$1 million of the crypto-currency has been hacked, leaving an unknown number of users with nothing – one of the largest thefts in the currency’s four-year history. The incident took place on October 26, when the bank was hacked, with 4,100 bitcoins valued at …

Read More »

WikiLeaks bypasses financial blockade with Bitcoin

People shouldn’t fear their government; government should fear its people. Publishers and journalists will not be intimidated nor silenced. Now entering day 626 of the financial blockade against WikiLeaks, Julian Assange sits in the Ecuadorian Embassy in London awaiting safe passage. Following a massive release of secret U.S. diplomatic cables in November …

Read More »

Will blockchain technology disrupt this $7 trillion industry?

Blockchain technology

Recently, I wrote about a small $100,000 trade of cheese and butter. Why? This one trade changed 400 years of history in just four hours. How so? Normally, it would take 10 days to handle the paperwork. But this trade concluded in less than four hours. The solution: a blockchain platform that …

Read More »

Japan legalizes cryptocurrency as form of payment

Japan cryptocurrency Bitcoin

New legislation authorizing digital currency as a legal payment method has come into force in Japan. The text of the law was released by Japan’s Financial Services Agency on March, 24. Earlier this week, the Accounting Standards Board of Japan said that it would begin work on the creation of a …

Read More »

Three signs the entire system is changing right now

China CIPS Putin Russia Bitcoin Credit Card

When I was a kid growing up in the early 80s, the United States was the undisputed dominant superpower in the world. The US dollar was awe-inspiring; on a trade-weighted basis, the dollar index was at an all-time high, and had never been as strong ever before… or since. And …

Read More »

Explore Bitcoin Casinos, Bitcoin Casino Bonuses

BC

These days, players realize that they have a choice in the types of online casinos that they frequent. More and more, these casinos are starting to understand that they need to lure in clients by allowing them to play the way that they want to—using the currency that’s most convenient …

Read More »

Bitcoin and Gold’s First Kiss

The performance of Bitcoin in the last few years has made the once easily-dismissed digital currency a serious contender in the financial markets, even for those who don’t understand the basis for its value. While the concept may still be difficult to grasp (the cryptocurrency is notoriously difficult to explain …

Read More »

Reddit censoring words like: NSA, Tesla, Bitcoin, net neutrality

Reddit censorship

Say what you want about Reddit‘s r/technology, one of its most popular forums. Just don’t say “NSA,” “net neutrality,” “Comcast,” “Bitcoin,” or any of the roughly 50 other words that will secretly get your post deleted. There’s a bot in r/technology, ready to delete any so-called controversial headline you try …

Read More »