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Posts Tagged ‘ Bitcoin ’

ZebPay’s Sandeep Goenka on what makes bitcoins so popular

Tuesday, May 24, 2016 | More »

Sandeep-Goenka
Bitcoins are increasingly being used for online transactions. In India, too, there is a surge of interest for this virtual currency which knows no borders or central bank. In 2014, Sandeep Goenka, Saurabh Agrawal and Mahin Gupta came together to start ZebPay, an app-based bitcoin platform for users ...

Bitcoin

Mt. Gox gets temporary US bankruptcy protection

Mt. Gox, once the world’s largest bitcoin exchange, received U.S. bankruptcy protection on Monday to temporarily halt U.S. legal action against the Japanese company by traders who allege the operation was a fraud. Judge Harlin Hale in Dallas granted temporary bankruptcy protection to Mt. Gox, ...

11 March, 2014 | More »

Bitcoin

Bitcoin bank Flexcoin shuts down after theft

Bitcoin bank Flexcoin said on Tuesday it was closing down after it lost bitcoins worth about $600,000 to a hacker attack. Flexcoin said in a message posted on its website that all 896 bitcoins stored online were stolen on Sunday. “As Flexcoin does not have the resources, assets, or otherwise t...

5 March, 2014 | More »

Bitcoin

Bitcoin exchange Mt. Gox files for bankruptcy, blames hackers for losses

Mt. Gox, once the world’s biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system. The collapse caps a tumultuous few weeks in which the company...

28 February, 2014 | More »

Bitcoin

First US bitcoin ATMs to open soon in Seattle

Robocoin said on Tuesday that later this month it will install the first automated teller machines in the United States that let users buy and sell bitcoin, the latest step into the mainstream for the digital currency. The kiosks, to be installed in Seattle, and Austin, Texas, are similar to ATMs bu...

18 February, 2014 | More »

Bitcoin

Bitcoin hit by denial of service attacks as regulators prepare clampdown

Bitcoin is being hit by attacks from unknown computer hackers who are sending “mutated” lines of code into the program that runs the virtual currency, a spokeswoman from its main trade organization said in a statement on Tuesday. The attacks are responsible for problems experienced by tw...

12 February, 2014 | More »

Bitcoin

Bitcoin plunges after marketplace indefinitely halts withdrawals

The price of the digital currency bitcoin slid to its lowest level in nearly two months on Monday after bitcoin digital marketplace Mt. Gox said a halt on withdrawals it announced on Friday would continue indefinitely after it detected “unusual activity.” The bitcoin price varied dramati...

11 February, 2014 | More »

Bitcoin

Russian authorities say Bitcoin illegal

Russian authorities have issued warnings against using Bitcoin, saying the virtual currency could be used for money laundering or financing terrorism and that treating it as a parallel currency is illegal. “Systems for anonymous payments and cyber currencies that have gained considerable circu...

10 February, 2014 | More »

Bitcoin

BitInstant founder charged with money laundering

The vice chairman of the Bitcoin Foundation, a trade group promoting the adoption of the digital currency, has been charged by U.S. prosecutors with conspiring to commit money laundering by helping to funnel cash to illicit online drugs bazaar Silk Road. Charlie Shrem, who had financial backing from...

28 January, 2014 | More »

Bitcoin

Two Las Vegas casinos to accept virtual bitcoin currency

Two Las Vegas casino hotels will become the first known U.S. commercial gambling houses to allow the use of the unregulated digital payment system, bitcoin, casino officials said on Tuesday. The co-owned Golden Gate Hotel and Casino and The D Las Vegas Casino Hotel will begin accepting bitcoins on W...

22 January, 2014 | More »

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