2016 August

UK Gambling Regulator Views Digital Currencies as Acceptable by Licensees

The U.K. Gambling Commission (UKGC) now sees digital currencies such as bitcoin as a cash equivalent that its licensees could accept as a payment method. This is contained in a new version of its Licence conditions and codes of practice (LCCP). The newly-released document includes changes from recent consultations. Its Section 5 which addresses payment-related issues says: […]

Bitfinex Mastermind in Bitcoin Heist Giveaway

An individual claiming to be behind the recent Bitfinex (BFX) hack has announced the giveaway of 1,000 bitcoins, prompting those within the online community that this could be a money laundering scheme. Earlier this week, the Hong Kong-based bitcoin exchange revealed that it had suffered a major security breach after 119,756 bitcoins, amounting to around […]

Ethereum Classic Credits Will Soon Be Available on Coinbase

In a recent blog post, bitcoin and ether exchange, Coinbase, has unveiled to its users that they will be able to credit the full amount of Ethereum Classic (ETC) that is linked to their account. It was only last week that the San Francisco-based company announced that they would not be supporting ETC after the […]

Alibaba’s Ant Financial Joins Quest for Transparency in Charitable Transactions

In February, Bitcoin Magazine reported that Alipay, an online payment platform of the Chinese e-commerce corporation Alibaba Group Holding Ltd., had announced a project based on blockchain technology and cloud services. The announcement indicated the growing interest of Alibaba in distributed ledger technology. Now, it appears that the Chinese giant is gradually committing to the blockchain. […]

Bitcoin Miners and Developers Meet in California to "Improve Communications"

What was thought by some to be a secret meeting of Bitcoin miners and Bitcoin Core developers turned out to look more like a company retreat than anything else, according to those in attendance. Although there have been some public statements of disagreement between the mining and development communities in Bitcoin, representatives from the two […]

Without Unified, Federal Regulations for Digital Currencies, the U.S. Risks Falling Behind

The divided regulatory policies and frameworks on digital currencies, including Bitcoin, in the United States have created an impractical ecosystem for startups to operate in. The country’s state-by-state regulations for money transmission licensing has led to an unclear regulatory framework for digital currencies, with some states, including North Carolina, New Jersey and California, establishing regulations […]

Bitcoin’s Price Plummets as 125k Bitcoins May Have Been Stolen from Bitfinex

Update: The theft of 119,756 bitcoins has now been conclusively confirmed. Bitcoin’s price crashed today as bitfinex dramatically announced a “security breach” that led to the theft of an unconfirmed number of bitcoins. The biggest USD bitcoin exchange further announced a shutting down of its website and trading in ominous signs reminiscent of MT Gox. […]