Online drugs marketplace Silk Road 2.0 shut down by the FBI while alleged operator is charged with narcotics trafficking November 6, 2014 The year old online marketplace where people can trade for drugs and other illegal goods Silk Road 2.0 has been shutdown by the FBI and European law enforcement agencies. The FBI announced they had arrested a person they believe to be Defcon, the operator of the website. The 26-year-old Blake Benthall was arrested in his [...]
Bitcoin bears outnumber bugs four to one January 22, 2014 Close to half of international investors are bearish on Bitcoin, according to a Bloomberg Global Poll. 47 per cent of those polled said they would sell the digital currency, with only 11 per cent saying they would buy it. Seven per cent said they would hold the cryptocurrency and 35 per cent said they did [...]
New York’s BitLicense under fire from China’s biggest exchanges August 21, 2014 China's three largest Bitcoin exchanges have joined forces to warn New York regulators of the potential damage if proposed regulations for cryptocurrency are implemented. In a letter signed by the chief executives of BTC China, Huobi and OKCoin, the companies said the proposed "BitLicencses" by New York State authorities – which will apply to all [...]
The world’s best charity is now accepting Bitcoin January 20, 2014 The charity that provides a wealth service to the poorest in Kenya and Uganda is now accepting Bitcoin. Give Directly is a pretty unique specimen when it comes to charities. It gives a cash transfer to a recipient, expecting to put 93 per cent of a donation into their hands. At the end of 2012, [...]
How one company is making it easy to pay staff in Bitcoin February 4, 2014 Employees who have been wishing they could switch their monthly pay packet from government controlled currency to Bitcoin may now be able to do so, thanks to the world's largest digital currency payment processor. Bitpay has introduced Bitcoin Payroll API – which allows employers to offer employees, as a payroll benefit, the chance to receive [...]
Bitcoin wins the heart of libertarian CEO January 10, 2014 Encouraged by positive Senate hearings in November and enthusiastic Bitcoin processors, online retailer Overstock.com has decided to take the plunge and accept the cryptocurrency. In the first 90 minutes of Bitcoin sales, the site received around 150 orders. Overstock took the decision several months earlier than had been planned. The libertarian chief executive of Overstock.com, [...]
London opens its first “Cereal Killer” cafe: Here are the capital’s most gimmicky cafes December 10, 2014 Forget the "weather bomb" – if you're in the capital and you're partial to grains, today's biggest story is the opening of Cereal Killer, the new London cafe that serves nothing but cereal. According to owners Gary and Alan Keery – identical, bearded twins – the Brick Lane venue is a "nostalgic cafe displaying hundreds [...]
Bitcoin prices dive as concern over security flaw spooks investors February 10, 2014 BITCOIN prices plummeted as much as 22 per cent during trading yesterday after top Bitcoin exchange MtGox said a flaw with the crypto currency had led it to stop withdrawals last week over security concerns. MtGox described the issue: “A bug in the Bitcoin software that makes it possible for someone to… alter transaction details [...]
Bitcoin tumbles over 20pc after the exposure of this critical flaw February 10, 2014 Bitcoin's having a bad morning. After an update from key exchange MtGox detailed problems with a bug – known as "transaction malleability" – the cryptocurrency is dropping like a stone. That will mean that withdrawals from the exchange stay halted. While the Bitcoin community was already aware of the fault, the news has shaken confidence [...]
The world’s best charity is now accepting Bitcoin January 17, 2014 The charity that provides a wealth service to the poorest in Kenya and Uganda is now accepting Bitcoin. Give Directly is a pretty unique specimen when it comes to charities. It gives a cash transfer to a recipient, expecting to put 93 per cent of a donation into their hands. At the end of 2012, [...]