The recent crash of popular bitcoin exchange MtGox has given some commentators the opportunity to hint at the collapse of bitcoin itself. There are historical comparisons to be drawn here with the 2001…
The Mt Gox Bitcoin exchange, the most high-profile market for the online currency, has suspended trading on its systems. It shut down on 24 February after noticing “unusual activity” and is yet to reopen…
The Bitcoin craze has hit Iceland, where an entrepreneur has set up his own cryptocurrency and announced plans to give every citizen a handful for free. Baldur Odinsson says he is setting up a new cryptocurrency…
While cryptocurrencies such as Bitcoin are relatively new, there are still opportunities for new players to enter the scene and make good money. You may have seen the launch of Nyancoin, based upon the…
It seems governments are finally coming around to the idea that virtual currencies are here to stay. Backed by a business community eager to utilise innovations like Bitcoin, California and New York are…
Cumbria University is to allow some students to pay their tuition fees in bitcoin, the digital currency hitherto more associated with drugs and guns. But target students probably don’t already have ready…
The cryptocurrency Bitcoin has been in the news lately with a sudden surge in value followed by a spectacular crash – not to mention the unfortunate tale of US$4 million in Bitcoin on a hard drive that…
As Bitcoin’s backers push for it to become acceptable mainstream currency, its value has become increasingly tied to attempts to break the public image that it’s just a currency for cyber criminals. It’s…
The hearings in the US senate last week were the most high profile public discussions that have taken place on the subject of virtual currencies. The US showed its openness by broadcasting the hearing…
In a blow for the burgeoning economy of black markets on the Internet’s so-called “Deep Web”, trading site the [Silk Road](http://en.wikipedia.org/wiki/Silk_Road_(marketplace) has been shut down by US…
Bitcoin enthusiasts and libertarians the world over are in a state of confusion about the slowness with which the outside world is catching on to their new way of exchanging money. But regulators and lawmakers…
The shutdown of online currency exchange Liberty Reserve and the arrest of its CEO and founder Arthur Budovsky may not have surprised some in the security industry. The company did not require its users…
Money has come a long way from gold coins stamped with the Emperor’s likeness. Today, the vast majority of money is digitised - in the US, notes and coins comprise only 7% of cash in circulation. So with…
For most of us, banks represent a trusted and safe harbour for our money. Investing in fixed term deposits for example, is widely seen as a low-risk strategy. The global financial crisis changed that view…
On July 19, Doctor Nefario, founder of the Global Bitcoin Stock Exchange, arrived at Seattle airport and was asked if he had enough money to cover his stay in the US. He replied that he did, but that it…