Bitcoin News Feb 28, 2014

 

Bitcoin Donations Now Integrated into BitTorrent Client TorrentFreak- Speaking with TorrentFreak the folks at FrostWire explain why they have integrated Bitcoin, Litecoin, Dogecoin and PayPal donations into their ...   Richard Sherman accepts bitcoin, even if Amazon doesn't The Seattle Times-by Jay Greene- Sherman's store — at www.richardsherman25.com — started taking bitcoin in December and has received 20 to 30 orders a month using the ...

 Apple’s Macs Targeted By Bitcoin Thief Malware Hiding in Cracked Apps

The original version of the malware was spread through trojanized versions of various crypto-currency price ticker browser extensions, such as Bitcoin Ticker TTM and Litecoin Ticker. As noted by SecureMac, these …Wall St. Cheat Sheet

Bitcoin or bust: MtGox files for bankruptcy protection

Ailing Bitcoin exchange MtGox has filed for bankruptcy protection after admitting it did indeed "lose" 750,000 of its customers' Bitcoins along with 1000,000 of its own – together worth about £283m. Lawyers for the digital funny money dealer ...The Register

‘World’s first’ Bitcoin shop opens in Hong Kong (VIDEO)

Touting itself as the world’s “first” physical Bitcoin retail store, Hong Kong-based exchange ANXBTC said it could help raise the popularity of the crypto-currency. It came on the day that Japanese Bitcoin exchange …themalaymailonline.com · 

                         TSA Harasses Traveler After 'Seeing Bitcoin' In His Bag

Business Insider-by Dylan Love

Barker is co-founder of BitcoinNotBombs, a Bitcoin advocacy group that gets donation-based organizations and social entrepreneurs set up to ...







Bitcoin needs to grow up if it wants to survive Mt. Gox collapse

Bitcoin's future was called into question this week due to the collapse of Mt. Gox, which filed for bankruptcy in Japan on Friday. Once one of the largest exchanges for the virtual currency, Mt. Gox was the victim of …Yahoo Finance · ByAaron Task

Mt. Gox is bankrupt. But Bitcoin is going to be OK.

The Japanese exchange Mt. Gox has long been one of the Bitcoin community's most prominent institutions. It has also been one of its biggest PR headaches. On Friday, the exchange announced that it was declaring …Washington Post

How history explains bitcoin, Mt. Gox bankruptcy

Bitcoin and other virtual currencies are worth the same now that they were a week ago, before bad news headlines, hints at possible government or regulatory intervention and more dramatically changed market …Market Watch · ByChuck Jaffe 

                        Native Americans adopt bitcoin clone as official currency

Telegraph.co.uk-

A new crypto-currency in the style of bitcoin has been adopted as the official reserve currency of the Oglala Lakota Nation. The Lakota people ...

                                                                                                            


Stewart: If Bitcoin Wants to Avoid Feds, They Should Normalize ...

Mediaite-

Jon Stewart struggled to figure out the ins and outs of Bitcoin Thursday night, and concluded that this extremely volatile online-only currency ...

Bitcoin owners find safe place for digital currency: on paper CNBC.com- Some savvy bitcoin investors have a solution to cyberthieves and instability shaking online exchanges: They print out their virtual savings and ...

 

                        Bitcoin Charges Called Improper Because Currency Not Real

Bloomberg-International Business Times UK-

Pascal Reid, 29, and Michell Abner Espinoza, 30 are accused of selling Bitcoins to undercover officers, who told them they were using the ...

 

The company claims a loss of $473 million worth of the digital currency

TIME-CNET-by Nate Rawlings-

A major Bitcoin exchange filed for bankruptcy protection on Friday, providing a detailed account of the estimated losses from what was one of ...

Bitcoin ATMs Open in Singapore

Bitcoin machines began operating in Singapore and Hong Kong even as the once-dominant Mt. Gox exchange said Friday it was filing for bankruptcy protection. Tokyo-based Mt. Gox said it lost almost 750,000 of its …Wall Street Journal · ByNewley Purnell andLorraine Luk

Yellen on Bitcoin: Fed Doesn’t Have Authority to Regulate It in Any Way

Federal Reserve Chairwoman Janet Yellen said the central bank doesn’t have the authority to regulate bitcoin. “The Federal Reserve simply does not have authority to supervise or regulate bitcoin in any way,” Ms.Wall Street Journal · BySteven Russolillo 

 

Bitcoin Oversight Falls Outside Central Bank's Purview

WASHINGTON—Federal Reserve Chairwoman Janet Yellen on Thursday distanced the central bank from oversight of bitcoin and other virtual currencies, the latest sign that emerging forms of digital payment continue to …The Wall Street Journal · ByRyan Tracy 

 

 

Bitcoin exchanges reportedly served with subpoenas

Mt. Gox and other Bitcoin exchanges have reportedly received subpoenas from a US Attorney investigating their handling of the recent cyberattacks launched against them. Citing "a source familiar with the probe," Reuters …CNET · ByLance Whitney 

 

Japan says any bitcoin regulation should be international

Officials at the FSA and Finance Ministry each told Reuters bitcoin does not fall within their purview, while the Bank of Japan says only that it is studying the bitcoin phenomenon, which Governor Haruhiko Kuroda has …Thomson Reuters · BySophie Knight 

Bitcoin News Feb 26, 2014

Daily Report: As Mt. Gox Falls, Bitcoin Looks to the Future

The apparent collapse of Bitcoin’s best-known and once-dominant trading platform has provoked outrage among its users, but it has also stirred hopes that the way may now be clear for more established players to …New York Times Blogs 

Bitcoin’s Image Should Be “Free Western Union,” Not “Rebel PayPal”

Thinking about getting into bitcoin but worried about the risk? A new bitcoin investment fund which insures investments will start accepting investors on March 1 Falcon Global Capital is in the final stages of putting …Value Walk · 

Nearly 150 Breeds Of Bitcoin-Stealing Malware In The Wild, Researchers Say

With a potentially massive hack of the Mt. Gox exchange still unfolding, it’s no secret that cybercriminals see a gold mine in cryptocurrencies. But a new study by security researchers shows just how quickly the cottage industry in Bitcoin ...Forbes · ByAndy Greenberg

This Interactive History of Bitcoin Is a Crash Course for the Masses

Even if you have a general idea of what Bitcoin is, you may not understand what the fuss is about, how old it is, or why people are talking about it. This interactive history will show you, starting back in 2007. The …Lifehacker 

Report: Prosecutors Investigating Bitcoin Business

Manhattan U.S. Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with …FOXBusiness

SecondMarket prescribes hair of the dog for Bitcoin market burned by Mt. Gox

The UpTake: The Mt. Gox collapse isn't the end of Bitcoin plans for New York startup SecondMarket. The exchange for stock in privately held companies is planning to expand into the crypto-currency, but with features …upstart.bizjournals.com · ByBen Fischer

Metro Detroit’s Bronx Deli undeterred by Bitcoin market woes

DETROIT, MI – For The Bronx Deli in metro Detroit, accepting Bitcoin, an unregulated digital currency, is no risk and all reward, even after one of the world’s largest exchanges appears to be collapsing. “I’m not …MLive.com · ByDavid Muller 

Bitcoin's Shocking Resilience and Achilles' Heel

Some journalists at the Detroit Free Press are asking if bitcoin will survive the Mt. Gox collapse. They have posed this question a few times before. For anyone paying attention, the Mt. Gox collapse was not news, the …



Bitcoin Holders Resigned to Losses as Mt. Gox Faces Japan Probe
Businessweek
Japanese authorities began investigating Mt. Gox, the Tokyo-based Bitcoin exchange that shut down this week, amid calls for regulation of the digital currency as customers face losses. The Financial Services Agency, Finance Ministry and police are...



Battle for Bitcoin: Will it survive?

USA TODAY-by Jon Swartz-

Cryptocurrency experts around the globe are waging a furious back-and-forth battle to predict the future of Bitcoin — but the consensus is that...

 

Mt. Gox collapse riles bitcoin users, spurs policy talk MarketWatch-by Saumya Vaishampayan- NEW YORK (MarketWatch) — The collapse of the bitcoin exchange Mt. Gox triggered shock, outrage, and some I-told-you-sos among users of ... Florida Businesses Say They'll Still Accept Bitcoin, Despite Mt. Gox Crisis Proponents say Bitcoin can empower poor people in developing countries who don't have access to banks and capital ... and that bitcoin could still be an amazing currency system. In Florida, some retailers say they …Broward New Times (blog) · ByDeirdra Funcheon Bitcoin price climbs as Mt. Gox works for ‘a solution’ MADRID (MarketWatch) — Bitcoin prices rose on Wednesday, recovering sharply from lows hit Tuesday, as authorities in the U.S. and Japan begin looking into the sudden closure of Tokyo-based exchange Mt. Gox.MarketWatch · ByMichael Kitchen

Bitcoin blogger explains Mt. Gox leak

Ryan Selkis blew the whistle on Mt. Gox. Now he explains why. FORTUNE -- Late Sunday night, a bitcoin blogger named Ryan Selkis published a "Crisis Strategy Draft" document that purported to show how Mt. Gox, one …finance.fortune.cnn.com · ByDan Primack · 

Beyond Mt. Gox, bitcoin believers keep the faith, see more robust system

Hope, a former British Treasury official and now head of compliance at Hong Kong-based MatrixVision, says that while Mt. Gox's fate is unclear, its troubles form part of a wider shift as more professional players move …Reuters



True Believers Cheer the Fall of Bitcoin Exchange Mt. Gox
Businessweek
Sure enough, Mt. Gox, the Japanese company that was once the world's largest bitcoin exchange, seems to have met its demise on Monday night after losing hundreds of millions of dollars of its customers' Bitcoins. After being valued at more than $1,000...



Battle for Bitcoin: Will it survive?
USA TODAY
Cryptocurrency experts around the globe are waging a furious back-and-forth battle to predict the future of Bitcoin — but the consensus is that the renegade currency will survive its first big setback just fine, even as a report comes that prosecutors...



Bitcoin crash may hurt Hub biz prospects
Boston Herald
The crash of one of the largest Bitcoin exchanges this week has sent Boston Bitcoin entrepreneurs scrambling to defend the digital currency's reputation and increase its stability. Mt. Gox, a Tokyo-based Bitcoin exchange, halted trading this week and...

Why Bitcoin should remain unregulated

First of all, it’s nice that Zulfikli has forgiven David ... “unregulated” market looked like and compare it with how Bitcoin would have handled such issues. To do this, we cannot do it the populist way and just look at …techinasia.com 

What's a bitcoin? A look at the digital currency

On Tuesday, it was around $500. Q: Is the currency widely used? A: That's debatable. Businesses ranging from blogging platform Wordpress to retailer Overstock have jumped on the bitcoin bandwagon amid a flurry of …Athens Banner-Herald

How To Explain Bitcoin To Your Grandparents (Infographic)

You believe you can fly. You believe that you can touch the sky. You’re a dreamer, like Chuck in Joseph O’ Neill’s Netherland. Or The Lawyer in Lav Diaz’ Norte, The End of History. Or that boy who shouts “Mother, Mother!” without reason in ...smallbusiness.yahoo.com 

Bitcoin News Feb 24, 2014

This Is The Minimum Amount The Top 1% Of Bitcoin Holders Own

This chart (below) is rising on Reddit right now. It shows the distribution of Bitcoin wealth among Bitcoin holders, put together based on survey data from the Bitcoin community. The gist: Bitcoin has a 1% minority that …Yahoo! Finance

Bitcoin Seen by Payment Networks as Little Threat

Retailers such as Salt Lake City-based Overstock.com have said they’re drawn to Bitcoin because it costs less to accept than bank-issued debit cards, which can carry fees and fraud costs amounting to about 3 …Bloomberg · ByElizabeth Dexheimer andCarter Dougherty 

Australian government tracking each bitcoin transaction

For the past few years, bitcoin proponents have claimed that the digital currency is anonymous and it cannot be tracked by anyone. Opponents have argued that bitcoin can be tracked by anyone and that potential …economiccollapsenews.com

Russian Central Bank Says Bitcoin Lacks Real Value

MOSCOW, February 24 (RIA Novosti) – The Bitcoin cryptocurrency is not on par with other financial securities as it is not backed by real assets, an official at Russia’s central bank said Monday. The Bitcoin system …en.ria.ru 

Bitcoin: Technical Tour de Force, Rat Poison—or Both?

To view this article in digital magazine format, click here. Many a famous name has weighed in on the value, or lack thereof, of bitcoin. From Bill Gates—“I think it’s a technical tour de force”—to Warren Buffet’s …aiCIO 

Following the Money: Geographic Dispersion of VC Bitcoin Investment

CoinDesk releases its ‘State of Bitcoin 2014′ report tomorrow. Here we have the second part of a two-part series, which features an exclusive look at some of the data from the report. This article examines the …coindesk.com 

 

Facebook Stock Not So Different Than Bitcoin

New York Times-International Business Times UK-

Unlike U.S. dollars, neither Facebook shares nor Bitcoins are an official form of legal tender. But some people are willing to accept them as ...




Why Bitcoin's Biggest Impact Will Be On The Legacy Payments System

People often discuss Bitcoin in terms of its price volatility: Is it up or down? Is it a good investment or a speculative bubble? But where Bitcoin's real value lies is as a payments technology that has the potential to …The Business Insider

Mt. Gox resigns from the Bitcoin Foundation

Mt. Gox’s resignation from the Bitcoin Foundation comes after an extremely difficult month due to technical problems and cyber-attacks, reports Reuters. Jinyoung Lee Englund, a spokesperson for the Bitcoin …examiner.com 

                        Tax Trouble May Burst The Bitcoin Bubble For Merchants

Forbes-

When Bitcoin first emerged in 2009, it quickly became the currency of choice for illicit, black market dealings that took place in the shadows of ...

Bitcoin Seen as Little Threat to Payments Firms Bloomberg-newsBTC Bitcoin, introduced in 2008 by a programmer or group of programmers under the name Satoshi Nakamoto, has no central issuing authority and ... Bitcoin Seen Posing Little Threat to Visa, MasterCard (Correct) Blog-Businessweek (blog)-

Bitcoin: What Is It and What's In It For Me?

Discovery News-

View Related Gallery ». The world's first Bitcoin ATM, owned by the company Bitcoiniacs, goes live inside a downtown Vancouver coffee shop.

 

 

Mt. Gox CEO Resigns From Bitcoin Board

Mark Karpeles, the CEO of Japan-based Mt. Gox has left the Bitcoin Foundation’s board of directors. Bitcoin prices on Mt. Gox were trading as low as $151 on Monday, well below other exchanges, Bloomberg notes.Investor Place · ByChristopher Freeburn · 

Mt. Gox CEO quits Bitcoin Foundation

TOKYO, Feb. 24 (UPI) -- Mt. Gox CEO Mark Karpeles resigned Sunday from the board of the Bitcoin Foundation, after technical issues on Mt Gox's exchange resulted in a drop in Bitcoin values. The Bitcoin Foundation …United Press International 

Facebook Stock Not So Different Than Bitcoin

With its extraordinary swoop on WhatsApp last week, Facebook proved its stock is not so different from the crypto-currency of the moment, Bitcoin. They can both be used for certain, specific purposes. Neither is …Dealbook

Purdue prof: Bitcoin growing in influence

WEST LAFAYETTE, Ind. — A Purdue University professor says Bitcoin, the virtual currency, is growing a wider audience. Cathy Zhang, an assistant professor of economics in Krannert School of Management, says the digital currency, used online to trade for ...purdue.edu

Mt. Gox Resigns From Bitcoin Foundation

Gox, the embattled Tokyo-based bitcoin exchange, resigned on Sunday from the board of the Bitcoin Foundation, according to a person familiar with the situation. The Bitcoin Foundation confirmed in a statement on its …The Wall Street Journal · ByRobin Sidel

Bitcoin In Crisis: Mt Gox Quits Bitcoin Foundation

The Bitcoin Foundation is a trade group founded in 2012 to promote ... converting bitcoins into US dollars. On 6 February, after noticing “unusual activity” inside Bitcoin wallets, Mt Gox abruptly stopped all …TechWeekEurope

Tax Trouble May Burst The Bitcoin Bubble For Merchants

The following guest post is by Mark Faggiano, Founder & CEO of TaxJar.com. When Bitcoin first emerged in 2009, it quickly became the currency of choice for illicit, black market dealings that took place in the …Forbes