Richard Branson bets on Bitcoin with new stake in payment firm May 13, 2014 BITPAY, the Atlanta-based Bitcoin payments processor, has reportedly raised $30m (£17.8m), and Richard Branson is one of the investors. In an email cited by the Wall Street Journal, the business magnate took the opportunity to make a statement about virtual currency more widely, saying: “Banking as we know it is in the midst of enormous [...]
Darkcoin: The cryptocurrency putting privacy first May 12, 2014 One of the newest cryptocurrencies has been experiencing a surge in recent days. Created on 18 January 2014, Darkcoin has seen its price jump from $1.65 last Thursday to $2.58 today, while its market capitalisation has boomed from less than $7m to more than $11m. This new cryptocurrency has not been been created to lower [...]
Introducing Bitcologne: The world’s first cryptocurrency themed fragrance May 6, 2014 A whiff of something fresh in the cryptocurrency space. Eruditium has launched a new company – Bitcologne – as the vessel for the world's first Bitcoin-themed cologne. The fragrance is "bold" and "goes against the traditional model of more commercial fragrances." "You won't get gimmicky, small, over-compensating-ly flashy or over-priced bottles of cologne," says the [...]
Bitcoin CEOs pull out of global summit amid regulatory crackdown May 6, 2014 The CEOs of five Chinese Bitcoin exchanges have pulled out of the Global Bitcoin Summit, reports CoinDesk. The chief executives of OKCoin, Huobi, BTC China, BtcTrade and CHBTC said they would no longer attend large-scale Bitcoin conferences and events. In further bad news for the cryptocurrency, BTC China announced today that it had suspended yuan [...]
Why this central bank isn’t worried about the rise of Bitcoin May 1, 2014 Top officials from the Canadian central bank have said they are not worried about the rise of Bitcoin and other digital currencies. Speaking to the Senate banking committee, Bank of Canada (BoC) governor Steven Poloz said "these are early days … and so far digital currencies have not made it to what we call money." [...]
MIT undergrads land $500,000 of free Bitcoin April 29, 2014 Two students at the Massachusetts Institute of Technology (MIT) have raised $500,000 for a bold new project to create a Bitcoin "ecosystem" at the heart of one of America's most prestigious university's. All 4,528 of MIT's undergraduates will receive $100 worth of Bitcoin this Autumn. Founder of MIT's Bitcoin club Dan Elitzer and computer science [...]
What London property could you get with 50,000 Bitcoins? April 25, 2014 Estate agent Knight Frank has compared how an investment in the cyrptocurrency Bitcoin would have performed compared to an investment in highly prized central London property. In July 2010, it would have taken 50,000 Bitcoins to buy one measly square foot of an eight-bedroom mansion house in Mayfair, based on a value of £28m. By [...]
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 [...]
UK Bitcoin exchange shuts up shop 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 [...]