Is there a run on bitcoin? Before you panic, know that the answer is “certainly not yet.” But after last week’s DDoS attack, there is some increased interest in hoarding them, specifically by banks. Some British banks are allegedly stockpiling bitcoin because they know that...
Bitfinex, a cryptocurrency exchange, announced Thursday (Oct. 27) that many of its largest BFX token holders have agreed to exchange over 20 million BFX tokens for equity in Bitfinex. In a press release, Bitfinex said the equity consists of shares of Bitfinex’s owner, iFinex Inc....
After the recent DDoS attack, London’s largest banks say they’re planning to build up an inventory of bitcoin to negotiate and pay off hackers who threaten to pull down their IT systems. Bitcoin is the preferred currency because it cannot be traced and is highly...
The European Central Bank is showing its distaste for bitcoin, denying it the status of a real currency and highlighting its vulnerability to cyberattack threats. And this all flies in the face of the Bank of England’s stance, which recently cited possible tangible financial advantages...
Bitcoin has had a great week, mostly. It’s rallying in China as the yuan devalues, central banks worldwide are experimenting with blockchain and a New Hampshire town is spreading the bitcoin vibe across the local radio airways. There is some less-positive news in Turkey, however,...
Canadian startup Ask The Doctor announced Ask The Doctor To Start Accepting Bitcoin As Payment on Wednesday (Oct. 12) it is now accepting bitcoin as a new way to further help protect its patients’ privacy. In a press release, the company said that users can choose...
Diwali is approaching in India, and bitcoin stakeholders are noting the bustling eCommerce activity associated with the festival of lights and also noting the nation’s largely untapped emerging market. Africa, too, is a focus of bitcoinites, and the government is bitcoin-friendly. Red Bull keeps hackers...
Can bitcoin be a way to financial inclusion? Perhaps only if the banks are on board and the infrastructure can reach the poorer populations. This week’s news for bitcoin highlights some activities that are targeting the unbanked in developing economies and one that hopes to...
Ready to pay for your morning coffee with bitcoin? One coffee shop in Moscow is one of the first in town to allow customers to use this form of payment for their espresso and croissants. It’s important to note that Russian authorities haven’t yet defined...
