Why this central bank isn’t worried about the rise of Bitcoin May 1, 2014 Top officials from the Canadian central bank have said they are not worried about the rise of Bitcoin and other digital currencies. Speaking to the Senate banking committee, Bank of Canada (BoC) governor Steven Poloz said "these are early days … and so far digital currencies have not made it to what we call money." [...]
MIT undergrads land $500,000 of free Bitcoin April 29, 2014 Two students at the Massachusetts Institute of Technology (MIT) have raised $500,000 for a bold new project to create a Bitcoin "ecosystem" at the heart of one of America's most prestigious university's. All 4,528 of MIT's undergraduates will receive $100 worth of Bitcoin this Autumn. Founder of MIT's Bitcoin club Dan Elitzer and computer science [...]
What London property could you get with 50,000 Bitcoins? April 25, 2014 Estate agent Knight Frank has compared how an investment in the cyrptocurrency Bitcoin would have performed compared to an investment in highly prized central London property. In July 2010, it would have taken 50,000 Bitcoins to buy one measly square foot of an eight-bedroom mansion house in Mayfair, based on a value of £28m. By [...]
Here’s why 2014 could still prove a great year for Bitcoin bugs April 25, 2014 The past few months have proved to be a tough time for cryptocurrency Bitcoin. The MtGox exchange suffered a dramatic fall from grace, while the price of the digital currency has fallen by 37 per cent the year to date. However, things may be looking up for Bitcoin as venture capital money continues pour in [...]
Move aside Bitcoin, here comes HullCoin? March 31, 2014 Hull City Council is jumping on the wave of enthusiasm surrounding cryptocurrencies, like Bitcoin and Dogecoin, with the launch of its own currency, HullCoin. Hyperlocal currencies are nothing new with the Brixton Pound, Stroud Pound, and Totnes Pound having all grown from a desire to protect local business by ensuring value stays within a local [...]
UK Bitcoin exchange shuts up shop March 31, 2014 Bit121 a UK-based Bitcoin exchange has suspended trading and will be closing temporarily from today. The exchange has not confirmed when it will reopen. Bit121's site functionality was removed on the 26 March. However, the site did provide the following exceptions: 1. Users will be able to view their account balance and account statement2. Users [...]
MtGox finds 200,000 forgotten Bitcoin March 21, 2014 Troubled Bitcoin exchange MtGox has said it has found 200,000 Bitcoin worth roughly £70m. Chief executive of the company Mark Karpeles said the Bitcoin were found in an online wallet, which MtGox believed held none of the digital currency. The exchange said: MtGox had certain old-format wallets which were used in the past and which, [...]
Bitcoins are more like “glass beads” than money says Danish central bank March 18, 2014 Denmark's central bank has released a publication stating that "unlike precious metals such as gold and silver, Bitcoins have no actual utility value". And on that basis, the organisation says that they aren't really money at all, and instead bear "closer resemblance to glass beads." Of course, the physical value of gold is far removed [...]
Bitcoin bugs invest $10m in China’s largest exchange March 17, 2014 Despite China's recent crackdown, cyptocurrency Bitcoin has been given a new lease of life in the world's second largest economy. The company that claims to be China's largest Bitcoin exchange by volume has announced a $10m Series A funding round. Venture Capital firm Ceyuan led the way and was followed by Mandra Capital, Ventures Lab and [...]
Nakamoto “unconditionally denies” Newsweek Bitcoin story March 17, 2014 The man Newsweek claims to be the father of Bitcoin has issued an unconditional denial that he had anything to do with the creation of the cryptocurrency, reports Reuters Felix Salmon. The American magazine claimed the 64-year old Dorian Satoshi Nakamoto was the same person as Satoshi Nakamoto who invented Bitcoin. Nakamoto has denied any [...]