China deals fresh blow to Bitcoin January 8, 2014 China's largest e-commerce business, Alibaba Group Holding, will prohibit the sale of Bitcoin in the wake of People's Bank of China's (PBOC) crackdown on the cyryptocurrency. Last year, Chinese authorities instructed all third party payment companies to stop offering clearing services to Bitcoin exchanges by 31 January. In December, the PBOC announced a ban on [...]
Good news for Bitcoin bugs – BTC China is back in business January 31, 2014 Bitcoin bugs received a major boost today when BTC China said that customers would once again be allowed to buy Bitcoin by depositing yuan into the exchange's corporate bank account. Bobby Lee, CEO of BTC China told CNBC: Everything is hunky dory. Essentially the government never disallowed it. The world's largest Bitcoin exchange decided to [...]
Budget 2015: A quick guide to all the key measures March 18, 2015 Chancellor delivers good news for savers and first-time buyers as he turns up heat on banks in play for votes ahead of election. UK ECONOMIC OUTLOOK ● The UK was the fastest growing economy in the G7 last year. However, the economy grew by just 0.5 per cent in the final three months of 2014, [...]
Bitcoin lands world’s largest social investment network January 13, 2014 Bitcoin continues to move from strength to strength, as the world's largest social investment network, eToro, announced that its members will now be able to invest in the virtual currency. eToro's 3m traders can now make Bitcoin investments via contracts for difference (CFDs). The company will encourage members to consider the cryptocurrency a long term [...]
Britcoin surging: A digital currency that claims to uphold “British morals” August 4, 2014 Another day and another cryptocurrency is surging. However, this crypto is not one that has received the attention of Bitcoin, Darkcoin, Peercoin – and understandably so given its size and age. This month-old crypto is none other than Britcoin, a digital currency that "upholds British morals", according to its creator William Thomas. Quite how a decentralised [...]
Alibaba division deals a new blow to Bitcoin in China January 8, 2014 CHINA’S largest e-commerce business, Alibaba Group, will prohibit the sale of Bitcoin in the wake of People’s Bank of China’s crackdown on the cryptocurrency. Last year, Chinese authorities instructed all third party payment companies to stop offering clearing services to Bitcoin exchanges by 31 January. In December, the People’s Bank of China announced a ban [...]
London’s thriving tech sector is under threat – from bonkers EU VAT reforms October 6, 2014 LONDON’S technology sector is thriving, with the capital’s tech firms attracting a record $1bn in venture capital investment in the first nine months of 2014. And as the general election approaches, there’s been no shortage of ideas for policy changes that could accelerate London’s tech growth further. Take the recent Coadec manifesto, which proposed a [...]
Bitcoin faces latest regulation barrage – this time it’s from Finland January 20, 2014 Today has brought another state-led assault on Bitcoin – Finland, like neighbour Norway, has deemed the virtual currency a commodity, rather than a currency. Finland’s central bank has said that Bitcoin doesn’t even meet the definition of an electronic payment method. Speaking to Bloomberg, Paeivi Heikkinen, head of oversight at the Bank of Finland in [...]
Bitcoin faces second wave of regulation December 18, 2013 China has announced a fresh wave of regulation for the use of the virtual currency Bitcoin. Bitcoin exchanges will be blocked from accepting new inflows of cash. Exchanges such as BTC China, the world's largest Bitcoin marketplace will no longer be able to accept renminbi from potential buyers. Third party payment companies have been instructed [...]
Venture capital gets bullish on Bitcoin December 13, 2013 Bitcoin start-up Coinbase has raised $25m (£15m) in venture capital funding – the largest investment ever seen by a Bitcoin start-up. Founded in June 2012 by software engineer Brian Armstrong, Coinbase allows customers to buy and store Bitcoin. The funding came from the venture capital fund Andressen Horowitz. Chris Dixon, who led the deal, highlighted [...]