Coinciding with the launch of Portugal's first Bitcoin ATM, the Bank of Portugal warned consumers about the risks of using virtual coins declaring that "virtual currencies are not safe" as they are not supervised or regulated by any central entity in Portugal or the European Union itself. Continue reading
Category Archives: News
Altcoin Exchange Cryptsy Partners With Vogogo And Digital BTC
Transacting with various banking and fiat payment systems to date has proven difficult for the altcoin exchange Cryptsy, which wants to offer their users a seamless exchange between altcoins and fiat currencies such as USD. In order to do this, Cryptsy has entered into a contract with Vogogo which will provide the popular altcoin exchange with full risk management, security and compliance which might allow it to overcome the common hurdles facing businesses in this sector. Continue reading
KnC Wallet Now Available For iOS Users
KnCMiner has launched a new Bitcoin wallet aptly named KnC Wallet. While previously only available on Android devices, the "secure, user-friendly interface that will appeal to Bitcoin beginners"1 application is now available for users of iOS. Continue reading
said Sam Cole, chief executive officer of KnCMiner ↩
Russia's Ministry of Finance Preps To Ban Bitcoin
Fines of 30,000-50,000 roubles for individuals, 60,000-100,000 roubles for officials and 500,000 to 1,000,000 roubles for legal entities are just some of the penalties cited in the draft bill now made publicly available by the Ministry of Finance of the Russian Federation. Continue reading
Australian University Start Up School To Accept Bitcoin
The New Venture Institute, established in June 2013 by Flinders University of South Australia, is now accepting Bitcoin for it's 12 week entrepreneurial education program named Venture Dorm. Continue reading
BFL To Resume Scamming Preexisting Customers
Following discussions with the FTC, Butterfly Labs will be permitted to resume limited business operations. BFL will be restricted to servicing existing orders even though it has been demonstrated time and time again that they are incapable of doing so. Continue reading
Hashers United Con-ference
Hashers United is billed as the first global bitcoin conference focused on the problems facing miners. This includes important issues affecting the industry such as the market outlook and the trends that determine what decisions you must make to ensure profitability1. It is scheduled to be held on October 10th and 11th, 2014 in Las Vegas, Nevada at the Tuscany hotel and casino. This is the event GAW Miners referred to when they spoke about revealing their hats and t-shirts. Continue reading
whose profitability? ↩
News Alert – Old Man Doesn't Understand Bitcoin
Author and journalist Jeffrey Robinson1 "has turned his attention to Bitcoin" and he doesn't like what he sees. His latest book2 titled "Bitcon, The Naked Truth about Bitcoin"3 reveals Bitcoin to be nothing more than a pretend currency. Continue reading