Four or more hedge funds in the U.S. and Japan are making a bet that the price of bitcoin will go up, buying or offering to buy claims from the thousands of former trading account holders who saw their bitcoin holdings evaporate when Mt Gox,...
After a couple weeks without major movement, investors and acquirers are showing interest in bitcoin. First, CoinDesk acquired San Francisco-based bitcoin and blockchain investing news and market data startup Lawnmower for an undisclosed amount. Secondly, Kenyan payments platform startup BitPesa, which allows individuals and businesses...
Just when bitcoin thought it was safe, it turns out Chinese regulators aren’t done with their investigation into domestic bitcoin exchanges. The People’s Bank of China (PBoC) in Beijing reportedly met with nine small bitcoin platforms, said The Wall Street Journal, on Wednesday afternoon, asking...
The deadline looms for the SEC decision on the Winklevoss twins’ Bitcoin Trust. Over three years ago, the Winklevoss twins — of Facebook dispute fame and current owners of bitcoin exchange Gemini — filed with the Securities and Exchange Commission to approve a bitcoin ETF,...
Bitcoin’s value just broke $1,000. Again. And then went below. Again. Then up and down again. (Anyone else feeling seasick?) Following relatively flat growth through the end of January (by cryptocurrency standards, anyway), bitcoin’s value spiked, breaking $1,000 to reach a high of $1,003.92 in...
It looks like Chinese regulators’ long speculated-upon uptick in interest in bitcoin has started to happen. The nations’ three largest bitcoin exchanges will now begin charging a trading fee, effective this week. BTCC, Huobi and OkCoin have all separately stated that going forward they will charge...
While still volatile, and trying to shake the seedier side of its reputation, digital currency bitcoin has come a long way in a few short years. A few days ago, a move was made that could work to grow bitcoin’s financial legitimacy. On Friday (Jan....
The price of the popular digital currency spent the week climbing back up after fears that China could crack down on its domestic exchanges caused its value to slump. However, recently the People’s Bank of China pointed to irregularities in the operations of bitcoin exchanges...
In mid-November last year, the IRS sought access to bitcoin exchange Coinbase’s user records as part of an investigation into alleged tax violations connected to digital currency. Coinbase user and attorney Jeffrey K. Berns filed a motion in federal court seeking to block the IRS...
