In September, Texan man Trendon Shavers admitted to conducting a $4.6M Bitcoin Ponzi scheme. On the popular bitcointalk.org forum, he promised investors a 7 percent weekly return on sums of more than 25K BTC. Pirateat40 hastily shut down the scheme in mid-2012, leaving investors in the dark about their funds. The Securities and Exchange Commission […]
New details have emerged about a proposed regulatory framework for bitcoin exchanges in Japan.
Cloud mining provider, Genesis Mining, is expanding its mining operations with the launch of Ether Cloud Mining contracts. For the first time, customers of Genesis Mining will be able to mine for Ether, the fuel that powers the Ethereum network. “Our customers asked and we listened. Due to our large-scale GPU mining activities we are […]
Patrick M. Byrne, the Chairman and CEO of Overstock.com (NASDAQ: OSTK), confirmed in a phone interview with Bitcoin Magazine that the SEC had declared the company’s Form S-3 statement effective, bypassing a large hurdle for the crypto-friendly firm. “Effective means approved in this sense,” Byrne said. “You file it [Form S-3] with the SEC, you […]
The wider adoption of blockchain technology by financial incumbents is likely to take place over four stages according to a new report by McKinsey.
A new blockchain-based football prediction market, courtesy of Satoshi Fantasy, is likely to help fantasy football players gain information and insight in more accurate ways than ever before. With the new Trading.Football platform, developer Satoshi Fantasy has seemingly tapped into unique market intelligence directly influenced by the trading community that routinely makes projections on the […]
Japan’s financial regulators are reportedly moving closer to creating a system for registering and overseeing domestic virtual currency exchanges.
Japan’s SBI Sumishin Net Bank has announced it will develop a proof-of-concept to explore blockchain banking.
In this morning’s bitcoin pricewatch article, we noted that – as a result of the recent selloff – we would be wary heading into today’s action. The bitcoin price collapsed last night, likely not as the result of any underlying fundamental pressure but simply on the back of individual speculators taking profits at weekly highs. […]
While the world looks to label Bitcoin for all of the things it isn’t–as a major financial mechanism of terrorism, or a smart way to perform money laundering–let’s take a look at one of the paths it does take. The charitable donation, for example. The charity industry has had their own public relations issues over […]