Tag Archives: bitcoin rumour

Bitcoin Voucher Launches in Turkey

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In December 2014, another innovative plan to easier acquire bitcoin was launched in Turkey. It’s called Bitupcard and was created by Amsterdam-based company, Bit4coin, and Berlin-based company, MK Payment. Essentially Bitupcard is set up in retail stores throughout Turkey and you can buy bitcoin over-the-counter. It’s the same idea as buying a pre-paid phone card or credit card. The process ... Read More »

Canada’s Biggest Bitcoin Exchange Closing

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Some of bitcoin’s biggest news surrounds the announced closure of Canada’s biggest bitcoin exchange, CAVIRTEX.  Their main reason for closing is a security issue; their database, holding 2FA secrets and hashed passwords was hacked, although no identity information was stolen.  They’ve had issues with security in the past and are closing before a more serious breach and important information or ... Read More »

Bitcoin Growing in Africa…or Not?

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The technology behind crypto currencies is ideal for third world countries in places such as Africa where huge percentages of the population don’t even have a bank account.  However, what more and more do have, are mobile phones, which would make digital money transfers a perfect alternative.   There have already been steps made to bring bitcoin to Africa with one ATM in ... Read More »

New ATM Converts Bitcoin into Silver & Store in San Francisco Only Accepts Bitcoin

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New potential for ATM machines.  New changes have to start somewhere and a Singapore company has showed us this.  You can now buy gold and silver directly from a bitcoin ATM in Singapore.  The bitcoin-to-precious metals company, Quantified Assets, has made this possible by rewriting some of its open source software, and incorporating it into Lammasu ATMs to offer this added functionality.  Since its ... Read More »

Rumors afloat that ISIL is Using Bitcoin for Funding

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Many recent news articles have been speaking of the high possibility that ISIL is now using Bitcoin for funding. Officially it’s an unconfirmed rumor, but here are some reasons that terrorist groups such as ISIL are attracted to bitcoin. One of the main factors in this equation is the anonymity of the people sending and receiving bitcoin transactions. Higher-ups within ... Read More »

MyCoin Investment Scandal

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A dark cloud has been looming over MyCoin as a scandal continues to be uncovered.  There’s a lot of data to sift through and it’s hard to know what’s accurate, only time will tell as more information becomes available. It started with MyCoin  MyCoin is a Hong Kong based company professing to be a bitcoin exchange.  The MyCoin website claims they’re a “leading global Bitcoin trading ... 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 »

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 »

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 »