Bitcoin

Mt.Gox Bitcoin Exchange Files for Bankruptcy

(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.

Submitted by Reuters on, Mar/01/2014

Infiniti Poker, The Bitcoin Room That Never Was, Vanishes

The wait is over…..really over.

Submitted by Ace King on, Feb/27/2014

Bitcoin Shocker as One-Time Largest Exchange Closes Its Doors

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.

Submitted by Aaron Goldstein on, Feb/25/2014

The Bitcoin Revolution on CBS4 South Florida (Video)

“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.

Submitted by C Costigan on, Feb/19/2014

Mt.Gox Bitcoin Exchange Withdrawals to Resume ‘Shortly’

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”.

Submitted by Aaron Goldstein on, Feb/17/2014

Second Bitcoin Exchange Halts Withdrawals: Canada to Tighten Grip

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.

Submitted by Aaron Goldstein on, Feb/13/2014

Bitcoin Startup ZipZap.com Could Give Western Union a Run for its Money

CNN Fortune published an article warning that bitcoin start up ZipZap.com could fast become stiff competition for international money exchange outfit Western Union. 

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Up until now, Western Union has operated nearly as a monopoly.

Submitted by Aaron Goldstein on, Feb/11/2014

CoinDesk Removes Mt.Gox From Bitcoin Price Index

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.

Submitted by Aaron Goldstein on, Feb/10/2014

Russia Bans Bitcoin: Price Still Hovering Around $700

Russia banned the bitcoin this weekend, concluding a highly tumultuous week for the anonymous digital currency.

Submitted by Aaron Goldstein on, Feb/09/2014

Miami Beach Police Make What Could be First Ever Bitcoin Vendor Arrests

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.

Submitted by Aaron Goldstein on, Feb/07/2014

Bitcoin Price Down Nearly 7 Percent Friday: Volatility Declining, BitBet.com Debuts

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.

Submitted by Aaron Goldstein on, Feb/07/2014

Bitcoin Community May Give Up on Mt. Gox Exchange

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.

Submitted by Aaron Goldstein on, Feb/07/2014

Apple Removes Blockchain Bitcoin Wallet Service App

(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.

Submitted by Reuters on, Feb/06/2014

Companies That Accept Bitcoin – Including Online Gambling

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.

Submitted by Aaron Goldstein on, Feb/04/2014

Betting the 2015 Super Bowl With Bitcoin: Sportsbook Offers Plenty of Props

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.

Submitted by Aaron Goldstein on, Feb/01/2014

More Major Retailers Poised to Start Accepting Bitcoin in Wake of Overstock Success

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.

Submitted by Aaron Goldstein on, Jan/30/2014

Hearing on Bitcoin Turns Into Discussion Regarding Shortcomings of Banks

A Tuesday hearing about the anonymous digital currency bitcoin turned into a forum on the shortcomings of the traditional banking system.

Submitted by Aaron Goldstein on, Jan/28/2014

Bitcoin Exec Charged With $1 Mil in Money Laundering Out on $1 Mil Bail

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.

Submitted by Aaron Goldstein on, Jan/28/2014

Satoshi Square Becomes Gathering Spot for Bitcoin Traders on Wall Street (Video)

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.

Submitted by C Costigan on, Jan/28/2014

Bitcoin Price Crosses $1000 Threshold Again: Leading Exchange Exec Arrested

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.

Submitted by Aaron Goldstein on, Jan/27/2014

New Bitcoin Sportsbook CoinBet Debuts in Times Square: Hot or Dangerous Trend in 2014

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.

Submitted by Aaron Goldstein on, Jan/27/2014

Cubeia Online Poker Network Latest to Incorporate Bitcoin

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.  

Submitted by Aaron Goldstein on, Jan/23/2014

Bitcoin Now Accepted at Two Vegas Casinos: The D Las Vegas and Golden Gate

The D Las Vegas and Golden Gate Hotel & Casino become the first properties in Sin City to begin accepting the alternative digital currency bitcoin.

Submitted by Aaron Goldstein on, Jan/21/2014

Nordic Venture Capitalist Creates Biggest Bitcoin Exchange Database

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:

Submitted by Aaron Goldstein on, Jan/20/2014

Sacramento Kings, Overstock.com Begin Accepting Bitcoin

Americas Cardroom, the Sacramento Kings NBA franchise and Overstock.com all have begun to accept the anonymous digital currency bitcoin.

Submitted by Aaron Goldstein on, Jan/16/2014

Ukrainian Network Nearly Took Control of Bitcoin Last Week

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.

Submitted by Aaron Goldstein on, Jan/15/2014

Gambling911.com World Exclusive: Americas Cardroom Now has Bitcoin Option

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.

Submitted by C Costigan on, Jan/08/2014

Biggest Online Poker Room Yet to Begin Offering Bitcoin – G911 Exclusive

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. 

Submitted by Nagesh Rath on, Jan/06/2014

Zynga Incorporates Digital Currency Bitcoin: Tops $1000

In recent days, social gaming company Zynga announced the adaptation of anonymous digital currency Bitcoin for some of its social games.

Submitted by Aaron Goldstein on, Jan/05/2014

Robocoin Bitcoin ATM Arrives in Hong Kong, Taiwan: 50 Machines Sold

Robocoin, the first ever shipping ATM, has arrived in Hong Kong and Taiwan, thus helping to make the alternative payment solution even more mainstream. 

Submitted by Aaron Goldstein on, Jan/04/2014

Breaking News

Bellagio Pig Mask Bandit an Illegal Immigrant From Mexico

Bellagio Pig Mask Bandit an Illegal Immigrant From Mexico

Robbery committed under threat to family

Is This the Pig That Robbed the Bellagio?

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.

One Less Day in February Results in Nevada Casino Revenue, Visitor Drop

One Less Day in February Results in Nevada Casino Revenue, Visitor Drop

With no February 2016 having one more day than this year, last month’s Nevada casino revenues fell.