Following on the heels of the Mt.Gox bankruptcy another Bitcoin exchange is on the verge of bankruptcy. Vicurex is based out of China and they are putting a freeze on all their customer accounts. Electronista covered the story, Another Bitcoin exchange has run into financial problems following in the wake of other recent turmoil surrounding the currency after the collapse of Mt. Gox. Vircurex, … [Read more...]
Mt. Gox May Have Found 200,000 Bitcoins
There was a report out last night that bankrupt Bicoin exchange Mt. Gox may have found 200,000 Bitcoins in a forgotten wallet. Pete Rizzo of Coindesk wrote: A new report suggests that Mt. Gox, the now-bankrupt Japan-based exchange said to have lost 850,000 BTC in customer funds may actually still be in possession of 200,000 BTC ($118m at press time). The news, published by Yahoo Japan, … [Read more...]
The Bitcoin Vault
It only made sense with all the hacking and theft that alternative ideas in the world of crpyto currency would come to light. A new start up Xapo has just raised $20 million. Dan Primack wrote on Fortune: It's the brainchild of Wences Casares, former CEO of digital wallet company Lemon (acquired by Lifelock last December). His new company is called Xapo, and has raised $20 million in … [Read more...]
Hackers Claim to Publish Evidence of Fraud at BitCoin Exchange Mt.Gox
Andy Greenberg just did a piece on Forbes with regards to hackers claiming to have hacked the Mt.Gox servers. The recent bankruptcy of the Bitcoin exchange has many up in arms and some are deciding to get answers on their own. Some of the data released and posted on Reddit has already been taken down. Greenberg reached out to disgraced Mt.Gox C.E.O. Mark Karpeles but has yet to get a reply … [Read more...]
Are Crypto-Currencies Here To Stay ? Google’s Director of Ideas Says Yes
Gregory Ferenstein wrote a post on Tech Crunch about the director of ideas from Google and his belief that crypto currencies are going to be a mainstay as we move forward. Google Director of Ideas and former technology advisor to former Secretary of State Hillary Clinton, Jared Cohen, says that digital “crypto-currencies” like Bitcoin are here to stay. “I think it’s very obvious to all of us … [Read more...]
Will the Real Satoshi Nakamoto Please Stand Up
It has been quite a day in the world of Bitcoin as there have been more stories than I can count on Satoshi Nakomoto. The day started early this morning when one of our readers, Tony Lam sent me a piece by Coindesk. Their headline was, "Bitcoin Inventor Satoshi Nakamoto ‘Found’ in California" Nermin Hajdarbegovic covered the story and discussed that Newsweek had tracked down the creator of … [Read more...]
Overstock Exceeds $1million in Bitcoin Sales and Projects up to $20 million by the end of the year.
Overstock has topped over $1million in Bitcoin sales in two months. Coinbase.com sat down with Patrick Byrne, CEO of Overstock. The initial projections for sales processed with bitcoin on Overstock.com this year was set at $3-5m, but this figure has since increased dramatically, according to Byrne. The CEO now predicts that Overstock will see a total of $10-15m in bitcoin sales this year, and … [Read more...]