Bitcoin

Bitcoin
Hedge Funds Buying Out Claimants Of Mt. Gox Betting Bitcoin Will Go Up
February 14, 2017

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,...

Bitcoin
Bitcoin Tracker: All Eyes On China
February 10, 2017

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...

Bitcoin
PBoC Expands Bitcoin Probe
February 09, 2017

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...

Bitcoin
SEC Bitcoin Trust Decision Deadline Nears
February 08, 2017

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
Bitcoin Tracker: The Beat Goes On
February 03, 2017

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...

Bitcoin
Bitcoin Exchanges Draw Chinese Regulatory Scrutiny And New Trading Fees
January 23, 2017

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...

Bitcoin
Bitcoin-Based ETF Requests SEC Approval
January 23, 2017

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....

Bitcoin
Bitcoin Tracker: Smooth(ish) Sailing?
January 20, 2017

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...

Bitcoin
Coinbase To Fight IRS Probe
January 18, 2017

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...