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 [...]
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 [...]
Bitcoin exchange opens helpline March 2, 2014 Stricken bitcoin exchange Mt Gox has opened a phone helpline and said it will update investors on the possible whereabouts of their money today. The cryptocurrency trading platform, which filed for bankruptcy protection in Tokyo on Friday, pledged to publish “an overview of the situation”. Disgruntled users have held protests outside the Mt Gox office [...]
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 [...]
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, [...]
Warren Buffet goes bearish on Bitcoin March 3, 2014 Investment guru Warren Buffet has given his opinion on the cryptocurrency Bitcoin. Speaking to CNBC on Monday, he said: It's not a currency. It does not meet the test of a currency. I wouldn't be surprised if it's not around in 10 or 20 years It's not a durable means of exchange; it's not a [...]
UK set to abolish tax on Bitcoin March 3, 2014 The UK is planning to scrap VAT on the trading of digital currency Bitcoin, reports the Financial Times. A briefing by Her Majesty's Revenue and Customs (HMRC) said it would end the 20 per cent VAT on Bitcoin transactions, adding that it would not tax margins as well. A formal announcement is expected later in [...]
Bitcoin investor eyes Albemarle & Bond buyout March 10, 2014 ONE OF the world’s biggest investors in cryptocurrency Bitcoin is eyeing a deal to take control of stricken UK pawnbroker Albemarle & Bond. Fortress Investment Group, a Wall Street fund manager founded by ex-BlackRock executives, is understood to have made a move to buy more than £50m of debt Albemarle & Bond owes to its [...]
UK Bitcoin exchange shuts up shop | City A.M. 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 [...]