Follow-up: PBOC Shuts Down Exchanges and Miners (BTC, ETH, LTC)

This is going to be another informal follow up to the last PBOC exchange news I received. I asked my colleague to keep me in the loop if there were new developments regarding China and cryptocurrency regulations. Below is and email conversation we had this morning. *****, Since … [Read more...]

PBOC Shutting Down Chinese Miners and Exchanges (Bitcoin – BTC, Ethereum – ETH)

As you know by now Bitcoin, Ethereum, Litecoin and the entire cryptocurrency space is taking a nose dive. Driving this free fall are rumors of China shutting down bitcoin exchanges. In light of these rumors, I reached out to an old colleague and good friend who wishes to remain … [Read more...]

Bitcoin Could Lose Half its Value Facing Coordinated 51% Attack

Speculation that the Bitcoin Unlimited (BU) Project is planning something big; possibly a 51% attack, may becoming a reality. The project’s members might be planning to start larger blocks of bitcoin in an attempt to create a new blockchain. If they were to succeed the BU miners m … [Read more...]

Mark Karpeles Alleged Bitcoin Scammer Launches Web Hosting Service

Mark Karpeles, the discredited and humiliated CEO of the now bankrupt Mt. Gox, appears to have established a brand new web hosting service, and has apparently steered clear of the peer-to-peer decentralized digital currency bitcoin. Karpeles has called the business Forever.net and … [Read more...]

U.S. District Judge Thinks Bitcoin Qualifies as ‘Money’, ‘Funds’

A U.S. District Judge in a case involving a Florida man, Robert Faiella, allegedly participating in a scheme to sell approximately $1 million worth of bitcoins to Silk Road users is making headlines in the bitcoin community. During the case, prosecutors requested that the New York … [Read more...]

Amagi Metals Drops U.S. Dollar in Favor of Bitcoin

Bitcoins for gold? That has become one of the latest trends among precious metals dealers that wish to profit off of the popularity of the peer-to-peer decentralized digital currency and seek to gain more clients who fear fiat money. Amagi Metals, one of the most successful metals … [Read more...]

7 Reasons to Keep Calm and Bitcoin On

1. It's not Paper The national debt would take well over 2,000 years to pay off if the United States paid off 16 million dollars a day without adding any new debt. Knowing this, it can safely be assumed the 'house of cards' will be crumbling before that happens. Heck, even an … [Read more...]

Australian Tax Office (ATO) confirms bitcoin is not a taxable currency

After months of back and forth consumers alerts and tax notices, the Australian Tax Office (ATO) has finally confirmed in a guidance report Wednesday that peer-to-peer decentralized digital currencies, like bitcoin and litecoin, are not a form of money or a foreign currency but rather … [Read more...]

CFPB warns consumers you are on your own if using bitcoin, digital currencies

The Consumer Financial Protection Bureau (CFPB) released its first consumer alert regarding bitcoin, dogecoin and other digital currencies last week. The federal agency listed a number of issues that they say have yet to be resolved and could harm unsuspecting consumers who are … [Read more...]

Overstock.com CEO expects bitcoin sales to add 4 cents per share to its earnings

Soon after Overstock.com became one of the first major online retailers to accept bitcoins the website has experienced tremendous financial success since then. Its decision to incorporate the digital currency into its business model has helped its bottom line by adding four cents per … [Read more...]

London could become the epicentre of the bitcoin industry

First it was the Netherlands. Then it was the Isle of Man. Now it may be the United Kingdom. British policymakers are compiling a new report in order to review the possibility of transforming the country into a digital currency hub, according to an announcement from Chancellor … [Read more...]

Nasdaq Exec: Winklevoss bitcoin ETF is a significant innovation in ETF market

The Winklevoss Bitcoin Trust is in the midst of regulatory approval and it could be fully approved by the end of this year. Operating a bitcoin exchange-traded fund (ETF), each share will account for an amount of bitcoin held by the Trust. This could be a huge transformation for the … [Read more...]

Security report identifies bitcoin as a major target of financial malware attacks

A new security report published by Kaspersky Lab found that bitcoin is the objective of more than one-fifth of all financial malware attacks. The report entitled “IT Threat Evolution Q2 2014” (PDF) discovered bitcoin mining malware represented 14 percent of all attacks, eight percent a … [Read more...]

Russia may be on the verge of banning bitcoin, again

The bitcoin situation in Russia has left many wondering as to what exactly is going on. Earlier this year, the Russian government and central bank noted that bitcoin and other digital currencies would be prohibited, but then a few months later one Bank of Russia official said it … [Read more...]

Overstock.com will be paying their staff bonuses in bitcoin

Overstock.com, the online retailer who is leading the pioneers today in accepting bitcoins from customers, is in the midst of planning to offer its employees bonuses paid out in bitcoin. This has been a growing issue for quite some time now and Overstock.com has yet again remained … [Read more...]

Wikipedia is accepting donations in bitcoin

If you wish to support Wikipedia you can now do so with bitcoin. The online encyclopedia announced in a blog post that it is accepting bitcoin contributions to help support the Wikimedia Foundation. Partnering with Coinbase for this new endeavor, readers can now help the … [Read more...]

Rep. Steve Stockman: New York regulations could crush bitcoin industry

Texas Republican Congressman Steve Stockman is enthusiastic about bitcoin. Since announcing his bid for the senate to unseat incumbent John Cornyn, his campaign has incorporated bitcoin into its financing model, a move that established a precedent for other political hopefuls. He’s w … [Read more...]

CheapAir generates $1.5 million bitcoin sales since November

After becoming the very first online travel agency to begin accepting bitcoins this past November, CheapAir.com announced in a press release Tuesday that it has generated more than $1.5 million in bitcoin sales, a common figure for a lot of major businesses allowing customers to pay … [Read more...]

AirBaltic removes contentious bitcoin transaction fee

Last week, Latvian airline AirBaltic became the very first European airline to accept bitcoin for flight bookings. This came with a wave of controversy from both inside Latvia and from digital currency users who were upset about the company applying a €5.99 ($8.05) fee on bitcoin t … [Read more...]

Ecuador passes bill to ban bitcoin, digital currency usage

What may perhaps be the first of many countries to do so in the future, the National Assembly of Ecuador has voted to prohibit (PDF) the peer-to-peer decentralized digital currency bitcoin and other virtual currencies. However, the country has plans to produce guidelines for the … [Read more...]