Bottom Line: This end is really the beginning February 25, 2014 THE DEATH of Bitcoin’s most popular exchange couldn’t have come sooner. The “transaction malleability” bug that hit Mt Gox is a known problem with the crypto-currency, and exchanges failing to take the proper steps will find themselves vulnerable. By the time a fix came, “the damage had already been done”, a document leaked yesterday said. [...]
Darkcoin races past Peercoin with 82pc surge May 30, 2014 After suffering a heavy fall on Tuesday, cryptocurrency Darkcoin is ending the week on a high, racing past rival digital currency Peercoin to become the world's third largest cryptocurrency. Darkcoin has jumped 82 per cent in just 24 hours with a market cap close to $60m. Earlier in the week Darkcoin suffered a massive 23 [...]
City watchdog is considering regulating Bitcoin currency September 4, 2013 THE FINANCIAL Conduct Authority is actively considering regulating the virtual currency Bitcoin, it was claimed yesterday. Tom Robinson, co-founder of Bitcoin currency exchange Bitprice, told City A.M. that the regulator – which has until now watched the fast-growing currency from the sidelines – has taken a more active interest in recent weeks. “We know they’re looking at Bitcoin [...]
MtGox’s mysterious website update February 25, 2014 Some keen eyes have spotted this change to the source code of MtGox's homepage. The website belongs to the world's largest Bitcoin exchange, which is thought to be facing some serious insolvency problems. An unverified document suggests that the company – originally a trading exchange for Magic: The Gathering cards – has lost as much [...]
Bitcoin probed by US Senate August 14, 2013 BITCOIN and other fast-growing online currencies are to be investigated by the US Senate amid money laundering concerns, it was announced yesterday. Bitcoin is not controlled by any government and is difficult to trace, leading a top Senate committee to raise concerns that it leaves “little or no trail for regulators or enforcement agencies”. While the virtual [...]
Germany recognises Bitcoin as a taxable currency August 19, 2013 Germany has become the first country to take an official stance on the use of online currency Bitcoin, recognising it as legitimate for legal and tax purposes. Berlin acknowledged Bitcoin as a “currency unit” and “private money”, according to German newspaper Frankfurter Allgemeine Zeitung and the online edition of the "New Osnabrück newspaper", citing a [...]
Omnishambles and bitcoin make it into Oxford Dictionaries online August 27, 2013 WORDSMITHS in the Square Mile will be pleased today, as Oxford University Press (OUP) has announced the latest additions to its online dictionaries. The Capitalist enjoys seeing City lingo making it into everyday lexicon – and the new round of entries includes plenty of financial vernacular. OUP’s 2012 Word of the Year omnishambles – “a situation that [...]
Winklevoss twins can see Bitcoin becoming a country’s currency September 17, 2013 CAMERON and Tyler Winklevoss, currently making headlines with plans to launch a Bitcoin fund, claimed yesterday that they could see the digital currency becoming a country’s official money. “The next step for Bitcoin is potentially becoming the currency of a country,” Tyler Winklevoss said. The twin brothers, famous for their history with Facebook, were speaking [...]
Fiverr forges new partnership with Coinbase February 11, 2014 The world's largest marketplace for selling services starting at $5 has teamed up with Bitcoin processing company Coinbase. Fiverr sellers who provide services from as little as $5 all the way up to $8,000, will now be able to receive payment in Bitcoin. Announcing the move on its website Coinbase said "Fiverr is also opening [...]
What the other papers say this morning – 26 March 2014 March 25, 2014 FINANCIAL TIMES Banks pay out $100bn in US fines Wall Street banks and their foreign rivals have paid out $100bn in US legal settlements since the financial crisis, according to Financial Times research, with more than half of the penalties extracted in the past year. The sum reflects a substantial shift in political attitudes towards [...]