Former head of US regulator lands role advising top Bitcoin companies October 28, 2014 A former chair of the Securities and Exchange Commission (SEC) has been appointed to the advisory board of the two major Bitcoin companies. Arthur Levitt, who served as chair of the SEC between 1993 and 2001, will advise Bitpay and Vaurum on how to handle future regulatory challenges. Levitt was optimistic about the future of [...]
Coinfloor to launch bitcoin fund and trade in wider range of currencies because of “very conservative” UK banks October 19, 2014 Coinfloor, the London-based bitcoin exchange, is opening up to a wider range of currencies, according to the FT. It will also raise money from its investors to launch a bitcoin fund next month, taking the company's value up to £8m. Investors are likely to include venture group Passion Capital and Taavet Hinrikus, chief [...]
Bill Gates: Bitcoin is better than currency October 3, 2014 Bitcoin bugs will be pleased to hear that the world's richest man has had some kind words for the most popular cryptocurrency. In an interview with Bloomberg, Bill Gates said: Bitcoin is better than currency in that you don't have to be physically in the same place, and of course for large transactions currency can [...]
Bitcoin advocates meet with US military to discuss terror financing September 29, 2014 The US military is paying increasing attention to cryptocurrencies such as Bitcoin. The Business Executives for National Security recently organised a meeting between officials from US Special Operations Command and leading figures in the Bitcoin community. Simply called the "Virtual Currency Workshop", the invitation-only meeting was the first time the Bitcoin industry had directly met [...]
Richard Branson has spoken: Apple Pay is the future, Bitcoin regulation is a good thing and Sidecar is the startup app to watch September 25, 2014 City A.M. chatted with Richard Branson about his views on startups, why affordable space travel is imminent and what drove his decision to invest in a drone business. What’s the most exciting startup at the moment? I’m lucky in that I meet exciting startups virtually everyday. One that’s especially grabbed my attention lately [...]
Satoshi Nakamoto could be unmasked if this hacker gets 25 Bitcoins September 9, 2014 A hacker is offering to reveal information that could unmask the anonymous founder of Bitcoin, Satoshi Nakamoto. The hacker, whose name is Jeffrey, claims he managed to get hold of the information by taking control of Nakamoto's email address; satoshin@gmx.com. “The fool used a primary gmx under his full name and had aliases set up [...]
Will Ecuador ditch the dollar for its own bitcoin? September 1, 2014 Ecuador is launching its first digital currency, backed by the country’s central bank, supposedly as a way to help poorer people who haven’t previously been able to access traditional banking. The nameless crypto-currency will come into use in December and could mean that the country might drop the US dollar – the currency Ecuador introduced [...]
$100,000 in Bitcoin lost in Cannabis Road hack August 25, 2014 Hackers have made off with $100,000 worth of Bitcoin from Cannabis Road, an online marketplace dedicated to Cannabis products, reports cryptocurrency news site Coindesk. Cannabis Road is now offline, and those trying to get onto the website will be greeted with a message informing visitors about the hack and how the developers intend to proceed. [...]
Why Bitcoin won’t be the money of the future – but cryptocurrencies might be August 18, 2014 PROPONENTS of Bitcoin like to suggest that it will be the money of the future. Critics point to its price volatility, evidence of a Bitcoin bubble and other problems. With the price of Bitcoin having just fallen below $500 for the first time since May, both sides make valid points. Bitcoin is a cryptocurrency, a [...]
Bitcoin crashes to below $500 August 18, 2014 Bitcoin has crashed to below $500 for the first time since May, dipping as low as $309 on BTC-e, the world’s third-largest Bitcoin exchange. The “flash crash” put an end to a relatively stable period for Bitcoin. The cryptocurrency has been the subject of big sell-offs since last week. Cryptocurrency site CoinDesk reckons it has shed [...]