Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of … Read more
SINGAPORE (Reuters) – The apparent collapse of Tokyo-based bitcoin exchange Mt. Gox isn't bothering Anthony Hope and others who have ditched steady careers in government and finance to build bitcoin companies – and who stand to lose money they It looks like the Pony botnet that stole two million passwords in December has an even … Read more
LONDON — Early Tuesday, the world's most established exchange for bitcoin disappeared from the Internet, sending the price of the virtual currency tumbling and prompting fears that the world's biggest experiment in electronic cash could soon be The eye of big finance is finally turning towards cryptocurrency. Responding to requests from clients, Goldman Sachs has … Read more
"The website of major bitcoin exchange MtGox was offline Tuesday amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency," The Associated Press reports. MtGox Issues Statement: "In the event Bitcoin's value fell close to 23% from its already battered price to around $418 at its … Read more
The founder of a prominent Bitcoin exchange company has been arrested and charged with running an illegal scheme to sell the digital currency to customers trafficking narcotics on the now-defunct drug website Silk Road, prosecutors said Monday. It is true that a small percentage of Bitcoin transactions are illegal, but the majority of illegal goods … Read more
Bitcoin is experiencing its longest period of price stability in months, a trend that could help allay concerns that the digital currency is just too volatile to be of much mainstream use. Starting in October, Bitcoin began experiencing almost violent But Bitcoin has an image problem. Its followers see themselves as freedom fighters, attacking outsiders … Read more
As public interest in Bitcoin rises, it can sometimes be hard to figure out exactly what local laws apply. Even in the United States, the regulatory structures around Bitcoin are still a matter of debate. But a recently launched Web site, BitLegal Lawsky and his colleagues were joined by a panel of bitcoin investors. Fred … Read more
Russia's top financial regulator is warning citizens against using virtual currencies, as they could be tied to gangs into money laundering and terrorist financing. The Central Bank warning follows bans by China and Europe on This morning, NYC's Economic Development Corporation is hosting a Bitcoin breakfast with some of the leading banks and financial services … Read more
The hearing, called by New York State's top financial regulator, Benjamin M. Lawsky, gave five Bitcoin advocates the chance to discuss what they view as the advantages of Bitcoin over current systems of moving money around the world. “Solutions don't Federal charges were made public early Monday against two men accused of operating a bitcoin … Read more
Fred Wilson, of Union Square Ventures, said the advent of bitcoin reminded him of a similar meteoric rise in peer-to-peer, distributed-system technology with global implications: the commercial internet. “Virtual currencies Fred Wilson, of Union Square Ventures, said the advent of bitcoin reminded him of a similar meteoric rise in peer-to-peer, distributed-system technology with global implications: … Read more