Bitcoin News Mar 5, 2014

 

Viva Bitcoin Vegas?

CNNMoney-
The concept of special economic zones to assist the development of a new industry is common worldwide. So why isn't there one yet for Bitcoin ...



 

Blockchain to Buy Bitcoin Trading Platform: CEO

Bloomberg-newsBTC-
March 4 (Bloomberg) -- Nic Cary, CEO of Blockchain.info, the world's most popular bitcoin website, annouced plans to buy Bitcoin trading platform RTBTC on ...
A Canadian "Bitcoin bank" claiming to have fixed Bitcoin's security problems, has been forced to close after hackers stole its digital currency. Flexcoin said that 896 bitcoins were stolen in the hack, worth around $600 …descrier.co.uk


If so, get ready for a new world order. A digital dollar would alarm crypto-currency enthusiasts ... habitually debase national currencies and lump citizens with the bill by way of inflation, lost purchasing power and …Wall Street Journal


It appears bitcoin’s recent turmoil has claimed its first life. Autumn Ratke a 28-year-old American CEO of bitcoin exchange firm First Meta was found dead in her Singapore apartment on Feb. 28. Local media are …FOX News 




Bitcoin bank Flexcoin shuts after hacking theft
(Reuters) - Flexcoin, a Canada-based bitcoin bank, said it was closing down after losing bitcoins worth about $600,000 to a hacker attack enabled by flaws in its software code. Flexcoin said in a message on its website …Thomson Reuters · ByRitsuko Ando


Over the last week, thefts have been reported at three different bitcoin sites, one of which was the first exchange and at one time the largest. Mt. Gox had $400 million stolen and the exchange filed for bankruptcy last …Yahoo Finance


Lost your taste for bitcoin? News of bankrupt exchanges losing hundreds of millions of customers’ dollars, worldwide hacking attacks and drug-related arrests can do that to you. Well, might I interest you in some …Wall Street Journal


FORTUNE -- Since the mid 1990s, vendors have dreamed of being able to sell music, news, games, and other digital goods online for tiny amounts that would in theory add up to big revenue. But structural barriers …CNN Money


“It’s the death of bitcoin,” they cried … again. But they were wrong… again. It’s been a turbulent few weeks for the world’s favorite digital currency. First, a bot issued a distributed-denial-of-service (DDoS) attack …Forbes

 
As big-name bitcoin exchange Mt. Gox descends into bankruptcy — the victim of a $460 million hack — the outlook is bleak for those with money in the company. The courts in Japan, where Mt. Gox is based, may not …Wired News · ByRobert Mcmillan 




Japan Set to Clarify Stance on Bitcoin
TOKYO—Japan's government is set to clarify its view on the virtual currency in the wake of the collapse of Tokyo-based exchange Mt. Gox, officials said, though they appeared no closer to declaring a specific agency in …The Wall Street Journal · ByTakashi Mochizuki 
 
Gox, which filed for bankruptcy protection in Tokyo on Friday, saying it had lost bitcoins and cash worth some half a billion dollars due to hacker attacks on what it said was its lax computer system security. Bitcoin, a …Thomson Reuters · ByNoriyuki Hirata andTakaya Yamaguchi 

Who is the reclusive billionaire creator of Bitcoin?

Telegraph.co.uk-
Thanks to intriguing stories of quickly-made fortunes, online drug sales and financial scandals, everyone has heard of Bitcoin. Strangely ...




Wall Street Journal-
Overstock.com Chief Executive Patrick Byrne said the Salt Lake City-based company now expects bitcoin sales to reach $10 million or $15 ...



Bitcoin bank Flexcoin closes after hack attack

The Guardian-
In line with best practices for running a bitcoin financial service, Flexcoin held some bitcoins in “cold storage”, keeping them on devices not ...



The Doomsday Cult of Bitcoin

New York Magazine-
For months now, Bitcoin soothsayers have proclaimed that the virtual currency is going to Change Everything. The mass adoption of Bitcoin, they told us, would ...

Bitcoin Loss Highlights Elusive Paths of Regulation

New York Times-
A Bitcoin A.T.M. in Barcelona, Spain. Governments are trying to determine how to monitor Josep Lago/Agence France-Presse — Getty Images ...
Washington (AFP) - An alleged theft by hackers forced another online business serving bitcoin traders and investors to shut down Tuesday. Flexcoin, which billed itself as a bank for the virtual, crypto-currency, said …Yahoo News


US Federal Reserve head Janet Yellen has said the Fed had ... came a day after an alleged theft by hackers forced a Canada-based online business serving bitcoin traders and investors to shut down. That followed the …Times of India


Bitcoin is the name of a group of peer-to-peer payment networks that serve as an open-source form of crypto-currency introduced in 2009 by a software developer with the alias of ‘Satoshi Nakamoto.” Bitcoin was not …American Thinker


If bitcoin is going to survive as a digital currency, it's going to have to convince investors their holdings are safe. That's been a huge problem lately as two exchanges recently have shut down due to hacker attacks …CNBC · ByJeff Cox 

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