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MtGox Bankruptcy Proceedings: Kraken Appointed

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MtGox Bankruptcy Proceedings: Payward Appointed Payward Japan K.K, who operates the digital currency exchange Kraken, was today appointed as the supporting company for the bankruptcy Proceedings concerning MtGox Co., Ltd. It would be recalled that following the closure of MtGox, Nobuaki Kobayashi, Attorney-at-law were appointed as the Bankruptcy trustee to oversee proceedings and ensure organised liquidation of the company assets. ... Read More »

How the FBI infiltrated Silk Road 2.0

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Curled from ars technica! Benthall / Facebook   It only took about one month from the time the Silk Road drug-dealing website was busted for a successor to be created. The new site, like the old, was on the “Darknet,” only accessible via an anonymizing Tor browser. It called itself “Silk Road 2.0” and kept the appearance of the old site, down ... Read More »

Silk Road 2.0 taken down by the FBI

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A coordinated law enforcement action led by the FBI and involving other agencies in Europe has led to the shutdown of Silk Road 2.0 and several other darknet markets. It will be recalled that Silk Road 2.0 was launched barely a month after the original Silk Road was shut down by US authorities. Countries involved in the operation, codenamed ‘Onymous’, ... Read More »

Bitcoin Enjoys support of UK Government

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Following the UK Chancellor’s expected favourable announcement on Bitcoins in the 2015 budget, further boost has come from none other than Ed Vaizey,  UK Minister for Culture, Communications and Creative Industries, a Parliamentary Under-Secretary of State post with responsibilities in both the Department for Culture, Media and Sport (DCMS) and the Department for Business, Innovation and Skills (BIS).  In his ... Read More »

Richard Branson and Bill Gates Lean on Bitcoin following $30m Invesment

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Following its first outside round of funding, Blockchain Limited, which runs the world’s most popular wallet for storing bitcoins has raised in excess of $30 million. Among the top investors are Lightspeed Venture Partners, Wicklow Capital and Richard Branson as confirmed by the London-based company in a statement. Blockchain, which has more than 2.3m consumer wallets, will use the funds ... Read More »

GoCoin Partnership Brings Bitcoin Payment Option to More than 1,000 Businesses

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International altcoin and Bitcoin payment processor GoCoin has formed a new partnership with Apriva, a major point-of-sale payment processing solutions company, to bring altcoin and Bitcoin payment options to Apriva’s more than 1,000 channel partners. GoCoin Partnership Brings Altcoin and Bitcoin Payment Option to More than 1,000 Companies Merchant acceptance is vital for the long-term growth of Bitcoin and other cryptocurrencies. ... Read More »

Apriva Partners with GoCoin to Offer Bitcoin and Altcoin Payments

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International payments platform GoCoin has announced a technology partnership with point-of-sales (POS) service provider Apriva. Apriva’s Gateway connects payment devices, merchant acquirers and payment processors to deploy and manage wireless payments. The new deal will allow it to process payments in multiple digital currencies including bitcoin, litecoin and dogecoin. Stacey Finley Tappin, Apriva’s senior vice president of sales and marketing communications for North America, ... Read More »

Black Market Cannabis Road Hacked, $100,000 in Bitcoin Lost

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Cannabis Road is now offline after suffering from an attack that saw hackers abscond with 200 BTC or roughly $100,355 at press time. Users who attempt to access the online marketplace dedicated to cannabis products are now presented with a message from lead developer ‘Crypto’ detailing the attack and the potential paths forward for the development team. Crypto writes that ... Read More »

International Megabank Santander Commissions Study on Bitcoin

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Global banking giant Santander has commissioned a study investigating the potential impact of bitcoin and other cryptocurrencies on the banking sector. As the 43rd largest company in the world, the multinational megabank has branches on five continents and upwards of 180,000 employees. Santander’s study, titled Bitcoin’s Impact on Banks, is being run by insight network Yegii, which is now recruiting experts in the ... Read More »

BitGive Becomes First IRS Tax Exempt Bitcoin Charity

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The BitGive Foundation announced today that it has become the first nonprofit bitcoin organization to achieve 501(c)(3) status, meaning the Internal Revenue Service (IRS) officially recognizes it as a charitable organisation in the US. This means that any gains made by the foundation will not be taxed, thus directing more money to its supported causes. BitGive executive director Connie Gallippi told ... Read More »