A joint study between Austria and the German Federal Ministry of Education and Research will look at the use of virtual currencies and how supposed illicit transactions and alleged criminals can be prevented, detected, tracked and prosecuted. The program, which has funding totalling €1.5m and will run through to the end of 2016, will also look at the need for supervision and regulation in the cryptocurrency space. Continue reading
Author Archives: cazalla
btcXchange.ro To Shutdown
An ongoing dispute between btcXchange.ro's management and a developer appears to have taken a new twist as the exchange today gave its clients notification that the service will go offline for an unknown period of time beginning February 11th 2015. The notice reads: Continue reading
Tour Of A Chinese Bitcoin Mine
Vice's Motherboard has released a ten minute video depicting the life and times of a Chinese Bitcoin mine and its staff. The video, shot back in October of 2014, tours one of a handful of Chinese mining facilities owned by four shareholders, one of whom claimed the mine represented 3% of the Bitcoin network at the time of shooting. Continue reading
Canadian Man's Letter To Court: Accept Bitcoin As The One And Only Global Currency
Guided by "the hand of God", Canadian man Jaren Wayne Feser smashed his pickup truck into Calgary Courthouse back in July of 2013. Feser not only caused $80,000 worth of damage but according to Bench Justice Mary Moreau, violated a safe space. Continue reading
Bitcoin ATM Operators Remove Machines In Singapore
The Straits Times reports that despite much fanfare at the arrival of Bitcoin ATMs in Singapore during 2014, at least five have since been converted to non-bitcoin accepting kiosks or removed entirely. Continue reading
Is Bitnplay A Case Of Shuffle Up And Steal?
With the launch day for Bitnplay's Bitcoin based poker website having come and gone with yet a single hand to be dealt, it appears that the debut event for the site was cancelled due to unexpected server issues. Opting to update poker players via twitter instead of their own website, Bitnplay stated: Continue reading
Phishing With Coinbase
Coinbase has announced their intention to reimburse a small number of users who were the victim of a phishing attack. The attacker, who emailed users a purported new service agreement from Coinbase, used the Coinbase API to fool users into approving full permissions for his 3rd party app so as to withdraw bitcoins from the Coinbase wallet. As a result of the successful attack, Coinbase now claim they will review the approval process for applications using their API. Continue reading
UBS Group's CIO Wants To Throw Bitcoin Under The Buss
In an interview with WatersTechnology, UBS Group's CIO Oliver Bussmann discussed his plans for the future and how he has set his sights on technology that he believes will transform how companies such as UBS Group operate. Digital ledger technology or as he calls it, Blockchain, is one such technology on his radar. Continue reading
MtGox Parent Company Tibanne Enters Bankruptcy
The Tokyo District Court has issued an order of commencement of the bankruptcy proceeding for MtGox parent company Tibanne. The request for bankruptcy proceedings were made by MtGox creditor Nobuaki Kobayashi late last month. Notification of the proceedings were published on the MtGox website earlier today and a text version is provided below. Continue reading
Love Will Inc (Pheeva Wallet) Win 2015 Olin Cup
Love Will Inc, a startup known for producing products such as the Pheeva Bitcoin wallet, have won the top prize in the 2015 Olin Cup competition. The Olin Cup, a yearly event held by Washington University's Skandalaris Center for Entrepreneurial Studies, awards first place getters a total of $50,000 in investments: Continue reading