John Biggs of Tech Crunch reported that the U.S. government is starting to convert the Bitcoins from the Silk Road raid to cash. From the article: As I noted in January, the U.S. government is quite interested in getting out of the Bitcoin business and has, thus far, been working hard to convert seized bitcoin to actual cash, a move that could affect the BTC markets if these large transactions … [Read more...]
Xapo Looks To Bring Bitcoin Debit Card to Market
Robert MCMillan of Wired wrote an article on the upcoming Bitcoin debit card from Xapo. The article points out that there are some other prepaid Bitcoin cards out there, the author noted they feel rather "fly by night". Xapo has actually raised $20 million in VC and is looking to comply with U.S. law. From the article: Bitcoin may be the future of digital money, but it has a big problem here … [Read more...]
Tokyo Court Rejects Bankruptcy Protection for Mt.Gox
Yuri Kagema a writer for the AP, reported that Mt. Gox will not received bankruptcy protection in Japan and will be liquidated. The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application. Mt. Gox said Wednesday the Tokyo District Court decided the company, which was a trading platform and storehouse for the bitcoin … [Read more...]
Blockchain Acquires 5 Year Lease for Bitcoin.com
Paul Vigna reported on The Wall StreetJournal that Blockchain has acquired a five year lease for the domain name Bitcoin.com. as of today, essentially that’s Blockchain. The online wallet company acquired a five-year lease to this rather fancy piece of digital real estate for an undisclosed amount. The first thing you can’t help but notice on the new site is the word “Bitcoin” in large … [Read more...]
BitCoin Mining Maybe Slowing Down and the First BitCoin ATM Comes To Capitol Hill
According to an article on Business Insider, BitCoin mining is slowing down. From the article: Dan Murtha, co-founder of MinerSource.net, a bulk buyer and distributor of mining hardware, KnC's announcement is a sign Bitcoin mining rig power may be plateauing. Still, depending on the price of Bitcoin and the size of one's investment, it is possible to get a decent return, although there is a … [Read more...]
Ebay to Create A Place For Virtual Currencies
Ebay has created a new category for Virtual Currency. People will be able to list crpyto currencies for sale along with mining related activities. It looks like the listings for actual currencies must be done as a classified ad. CoinDesk wrote: eBay’s main US site has introduced a category for ‘Virtual Currency’, with listings for dozens of bitcoin and altcoin-related activities – including … [Read more...]
Mark Karpeles Ordered to come to the US to discuss Mt. Gox Bankruptcy
Reuters reported that the Mark Karpeles has to come to the US to discuss the Mt.Gox Chapter 15 bankruptcy. The company filed bankruptcy in Japan but are also dealing with a class action filed in Chicago. Last month, Karpeles asked a Dallas court to grant Mt. Gox Chapter 15 bankruptcy protection, in part to put a stop to a class action that had been filed by U.S. customers in Chicago federal … [Read more...]