Master of Mt Gox, Mark Karpeles Picked Up by Japanese Cops

Mt Gox, the largest bitcoin exchange at one time before its downfall attributed to alleged hacking attack is in the news again. This time, it is due to the arrest of the now defunct exchange’s former head. The Japan based Mt Gox allegedly lost over 850,000 bitcoins amounting to over $450 million at that time […]

Ethereum Genisis Block Released

The first live release of the Ethereum project has been finally released. Last Thursday, August 30, users have generated and loaded the Ethereum Genesis block, marking the launch of Frontier the newest Ethereum application. Since the first commit on Christmas Eve 2013, the Development team has been working hard and is now very pleased to […]

Cannabis Industry Bank Application Rejected By Federal Reserve & NCUA

A Colorado credit union wants the states’ marijuana industry to bank with it. Its fate, however, is up to a federal judge after Fourth Corner Credit Union filed a pair of lawsuits in Denver this week against the US Federal Reserve and the National Credit Union Administration. The two federal institutions denied the Credit Union’s […]

Bitcoin Trading Pulls Price Below $280

Bitcoin trading has sold price down inside a descending channel. The failed attempt on $300 has cooled bullish exuberance and the market enters the weekend in a somber mood. Several indications that price may consolidate above $270 are showing in the chart. This analysis is provided by xbt.social with a 3 hour delay. Read the […]

Bitcoin Exchange Operator Mark Karpeles to Be Arrested

Japanese authorities will be arresting Mark Karpeles, former CEO of Mt. Gox, at one time the largest Bitcoin exchange in the world. Investigators claim that Karpeles played the system for years, skimming bitcoins while the exchange was actually in debt. It is now commonly believed that the exchange may have been broke since as early […]

HackCoin: Bitcoin Hackathon in India Sponsored by Microsoft, IBM and Citruspay

Zone Startups India, BitStreet and Block Chain University are hosting India’s first bitcoin hackathon at the Bombay Stock Exchange in India named “HackCoin Mumbai.” The hackathon will be joined by over a hundred developers looking to build blockchain-based applications for payments, big data and digital experience. “There are three problem statements – one for each […]

Bitcoin to Ripple Gateway to Shut Down for US Users

Ripple Inc., payment gateway for hundreds of assets and digital currencies has announced the closure of btc2ripple gateway for all US residents starting September 1, 2015. Btc2ripple gateway is one of the hundreds of gateways on the Ripple Trade platform which is used to purchase or trade BTC to XRP (Ripple’s IOU). On September 1, […]