After an early summer with solid gains, bitcoin’s price has been plummeting following the hack of Bitfinex – a Hong Kong-based bitcoin exchange. According to sources within Bitfinex, all trading and deposits have been put on hold while it investigates the full extent of the...
Anonymous is the name of bitcoin’s game. But Europe might like to make it less so. The European Commission would like to create a central database of digital currency users to prevent terrorist financing and money laundering – for the obvious reasons. The regulators there would like to...
While computer breaches and malicious emails are commonplace online, when it comes to bitcoin, it can also be dangerous offline in the real world. According to a report, a man in Florida was allegedly robbed at knifepoint while trying to sell $28,000 in bitcoin. The...
The search for inflation hedges and stability of purchasing power in a world of hyperinflation has led some in Venezuela to turn to the digital currency known as bitcoin. The state of “economic emergency,” as it has been termed by some observers and officially by...
Digital currency is all the rage among a small section of the population, but it’s about to get more mainstream with the launch of the first regulated bitcoin product in Europe. The digital currency will start trading on the Gibraltar Stock Exchange and Germany’s Deutsche...
In a closely followed case focused on bitcoin as a currency, a Miami-Dade judge on Monday (July 25) ruled bitcoin doesn’t count as money when declining to pursue charges against a man that law enforcement alleged illegally sold the digital currency. In the ruling, Miami-Dade...
Not long ago, it was disclosed that the supply of bitcoin was going to be halved. Now, it seems that, at least in one U.S. state, miners are going to have to work extra hard just to keep the lights on, literally. CoinDesk reported on Wednesday (July 20) that...
The illegal purchase of drugs is alive and growing on the so-called dark Internet, where users can make purchases anonymously. According to a new report, while online markets account for only a small portion of illicit drug sales, it is growing at a very fast clip with sellers...
In a move that is designed to keep inflation down for the virtual currency known as bitcoin, the amount being made available globally is being halved, Reuters reported. The supply, which is automatically dictated by the currency’s coding, is now at 12.5 bitcoin every 10...
