Robbery committed under threat to family
(Reuters) - Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.
The collapse caps a tumultuous few weeks in which the company has remained virtually silent after halting trades of the crypto-currency, shaking the nascent but burgeoning bitcoin community.
The wait is over…..really over.
In yet another blow to the anonymous digital currency bitcoin, the largest exchange has shut its doors.
Mt.Gox posted an update to its site Tuesday saying a "decision was taken to close all transactions for the time being," citing "recent news reports and the potential repercussions on MtGox's operations.
“This high tech coin could make cash money obsolete.” That’s the introduction to a special report Wednesday night on CBS4 South Florida. The video itself should be available on the CBS4 website by Thursday morning.
Following a halt to bitcoin withdrawals by one of the anonymous digital currency’s largest exchanges, Mt.Gox, it was announced Monday that these withdrawals should resume “shortly”.
A second major bitcoin exchange has temporarily ceased withdrawals following an apparent cyberattack that has seen the anonymous digital currency’s price drop in recent days.
Bitstamp followed the move of Mt.Gox by halting withdrawals after hackers had exploited a bug in some underlying software to carry out the attack.
CNN Fortune published an article warning that bitcoin start up ZipZap.com could fast become stiff competition for international money exchange outfit Western Union.
Up until now, Western Union has operated nearly as a monopoly.
The world leader in news, prices and information on bitcoin and other digital currencies, CoinDesk.com, has taken the unprecedented step of removing exchange Mt.Gox from its bitcoin price index on Monday.
Russia banned the bitcoin this weekend, concluding a highly tumultuous week for the anonymous digital currency.
Police in Miami Beach in conjunction with the U.S. Secret Service’s Miami Electronic Crimes Task have arrested two men moving a large amounts of cash in and out of the Bitcoin virtual currency. Experts believe this could be the first case that bitcoin vendors have been charged with a crime.
The price of bitcoin had dropped approximately 7 percent Friday, quite likely on news that one of the biggest exchanges, Mt.Gox, had stopped processing withdrawals temporarily.
The price of bitcoin had fallen to $686 but rebounded later in the evening to $703, matching the day’s opening price.
Following yet another currency withdrawal halt at bitcoin’s most famous exchange, Mt. Gox, traders in the anonymous digital currency may finally be willing to give up on the mysterious Japanese-based operation.
(Reuters) - Bitcoin wallet service Blockchain was removed from Apple devices.
Apple has removed popular bitcoin wallet app Blockchain from its app stores in a major setback for the popular digital currency.
As a result, iPhone and iPad users do not have any bitcoin wallet options for their devices at present.
This week, NASDAQ.com released a listing of companies that accept bitcoin and these mainstream (some not-so-mainstream like Virgin Galactic perhaps) are listed below. But we also list online gambling companies that currently accept the anonymous digital currency as of February 1, 2014.
There is now a high demand for betting on the 2015 Super Bowl with bitcoin and Americas Cardroom has all the odds and prop bets a gambler’s heart desires along with full Bitcoin deposit and withdrawal options.
Americas Cardroom calls itself one of the world's first full-service bitcoin sportsbooks with other payment options available. They claim to have the best odds, the easiest transactions, and deliver a consistently evolving feature set.
On the heels of Overstock.com, the Sacramento Kings, two Las Vegas casino establishments and the popular online poker room Americas Cardroom each now embracing the anonymous digital currency bitcoin, other major retailers are about to follow suit.
A Tuesday hearing about the anonymous digital currency bitcoin turned into a forum on the shortcomings of the traditional banking system.
Charlie Shrem, CEO of one of the largest bitcoin exchanges BitInstant, was released on $1 million bond Tuesday for his alleged role in money laundering tied to the notorious Silk Road website.
Every Monday night, Bitcoin traders holds a meet up called Satoshi Square, named in honor of Satoshi Nakamoto, the mysterious creator of Bitcoin, in which participants exchange virtual currencies for U.S.dollars. Previously, these meetings took place in a Whole Foods market on the Lower East Side of Manhattan.
Bitcoin prices rose above the $1,000 (€731, £606)-mark once again Monday, peaking at $1,038 on Tokyo-based MT Gox bitcoin exchange. This essentially countered the negative effects of a sell-off in emerging markets.
A new bitcoin-only sportsbook made its debut smack in the middle of Times Square this past week, advertising on the Reuters interactive billboard.
Coinbet.cc is one of the newest online gambling sites to enter the lucrative bitcoin Web gaming market. This appears as if it will become a pretty significant trend as we move forward into 2014.
But it could prove to be a dangerous one as well.
The latest online gambling company to begin accepting bitcoin transactions is Swedish-based Cubeia, an Internet poker network. They follow in the footsteps of Americas Cardroom, which announced two weeks ago they too have begun offering the anonymous digital currency as a payment alternative.
The D Las Vegas and Golden Gate Hotel & Casino become the first properties in Sin City to begin accepting the alternative digital currency bitcoin.
A Nordic venture capitalists Creandum says it has build the world’s largest database of businesses dealing in the anonymous digital currency bitcoin.
From the Business Recorder:
Americas Cardroom, the Sacramento Kings NBA franchise and Overstock.com all have begun to accept the anonymous digital currency bitcoin.
As Bitcoin, the alternative anonymous digital currency, becomes more widely accepted within the online gambling community (Americas Cardroom became the first major poker network to implement the option last week), operators remain skeptical….and perhaps with good reason.
As first reported by Gambling911.com Monday, the biggest online poker room to date will begin offering bitcoin deposit and withdrawal options. Depositing via bitcoin will be available as of today (January 8, 2014). Withdrawal availability will follow shortly.
Gambling911.com has confirmed that one of the world’s largest online poker networks is set to begin offering the anonymous online currency bitcoin as early as this week.
This room will also convert bitcoins to cash on their end to minimize the risk factor for players, we have been advised. Until now, players have been relegated to online poker rooms that were either new to the seen or only offered bitcoin exclusively as a deposit or withdrawal method.
In recent days, social gaming company Zynga announced the adaptation of anonymous digital currency Bitcoin for some of its social games.
Robocoin, the first ever shipping ATM, has arrived in Hong Kong and Taiwan, thus helping to make the alternative payment solution even more mainstream.
A 20-year-old man who is believed to have worn a pig mask during a smash-and-grab burglary at the Bellagio casino resort appeared in court Wednesday.