EU banking regulator warns of virtual currency risks

The European Union banking regulator has warned of the potential risk of using virtual currency Bitcoin, which consists of program code and is not regulated by any country.

The European Banking Authority is concerned that the currency does not offer protection to its consumers or mechanism for compensation. The regulator emphasized that digital currencies are facing sharp fluctuations in exchange rates, and that the Bitcoin market price has varied between less than $300 to over $1000 per unit.

View more

From: Global Report News

Related topics : virtual currency exchange bitcoin / digital virtual currency and bitcoins / bitcoin price exchange rate

BBC Bitcoin fortune buried at rubbish tip- Onecoin Centralised Mining

BBC Bitcoin fortune buried at rubbish tip - Onecoin Centralised Mining

A man from from Newport says he has lost a £4.6 million fortune after throwing out a computer hard drive which stored a digital wallet holding 7,500 bitcoins, a virtual form of currency for use online.

The value of a single bitcoin has this week reached an all time high of $1,000 (£613).

Hywel Griffith reports.

You missed out on Bitcoin?

Dont miss out on Onecoin:

http://onelife.eu/signup/yvonneD

View more

From: Armand Ngadou

Related topics : digital virtual currency and bitcoins / bitcoin virtual currency mining / use bitcoin online / bitcoins online currency

Bitcoin wins over Germany amid US digital currency probe

Germany's turning itself into a magnet for Bitcoin lovers. This week, the maverick virtual currency was recognized for legal and tax purposes in the country. RT's Peter Oliver reports.

RT LIVE http://rt.com/on-air

Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday

Like us on Facebook http://www.facebook.com/RTnews

Follow us on Twitter http://twitter.com/RT_com

Follow us on Instagram http://instagram.com/rt

Follow us on Google+ http://plus.google.com/+RT

RT...

View more

From: RT

Related topics : digital virtual currency and bitcoins

Bitcoin tops $10,000 in some exchanges

Bitcoin tops $10,000 in some exchanges

Bitcoin soared to an all-time high above $10,000 on Tuesday in some smaller exchanges and digital currency indexes, but remained just below that milestone in major trading platforms such as Luxembourg-based BitStamp and U.S.-based GDAX.

On CEX.IO, which started out as a cloud mining provider, bitcoin hit $10,234. On crypto-currency index coinmarketcap.com, bitcoin touched $10,050.

But bitcoin has not crossed that $10,000 mark on BitStamp; Coinbase's...

View more

From: A.T new

Related topics : bitcoin digital currency exchange / bitcoin exchange btc e

What is PIPCOIN Best Explained

What Is Pipcoin?

Pipcoin is made up of two words, Pip & Coin. Pip stands for People In Power. So What is Pipcoin. Pipcoin is a digital currency like a BitCoin, but differ from Bitcoin widely as you will learn below.

The question on millions of people lips, What Is Pipcoin

In laymans language, Pipcoin is a virtual currency, meaning you cannot physically touch it. It is one of Africa’s first successful digital currency, that is decentralised and completely without a middleman, like...

View more

From: Jacques Scheepers

Related topics : digital currency like bitcoin / digital virtual currency and bitcoins

Bitcoin gaining popularity in India

The digital currency Bitcoin is gaining popularity in India. There's now a campaign to make it part of the country's financial system. And a conference is being held in Bangalore to promote the advantages of virtual money. Al Jazeera's Faiz Jamil reports from Bangalore.

View more

From: Al Jazeera English

Related topics : bitcoin currency in india / digital currency system for india / bitcoin digital currency conference

Chris Larsen discusses Ripple

Watch Money & Tech's first episode, featuring breaking news headlines on Charlie Shrem's arrest, Tiger Direct, Russian Banks, BTC in space, and the New York Virtual Currency hearings, followed by an interview with Ripple Labs CEO & Founder Chris Larsen about the digital currency and distributed payment system Ripple, and the ways in which it is both similar to and different from Bitcoin and other emerging digital currencies.

Watch on the Money & Tech website at...

View more

From: Money & Tech

Related topics : virtual & digital currency and payment systems

Bitcoin gains fans in Germany, US launches digital currency probe

Germany's turning itself into a magnet for Bitcoin lovers. This week, the maverick virtual currency was recognized for legal and tax purposes in the country. RT's Peter Oliver reports.

RT LIVE http://rt.com/on-air

Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday

Like us on Facebook http://www.facebook.com/RTnews

Follow us on Twitter http://twitter.com/RT_com

Follow us on Instagram http://instagram.com/rt

Follow us on Google+ http://plus.google.com/+RT

RT...

View more

From: Funny Videos

Related topics : digital virtual currency and bitcoins

The truth about digital currency technology, bitcoin and other cryptocurrencies

What are the facts behind the virtual currency craze that you should know? Hear the answers from Deputy Director Mhel Plabasan from Core IT Specialist Group of Bangko Sentral ng Pilipinas (BSP) and Miguel Cuneta from Satoshi Citadel Industries on Get it Straight with Daniel Razon.

For more videos: http://www.untvweb.com/video/

For News Update, visit: http://www.untvweb.com/news/

Check out our official social media...

View more

From: UNTV News and Rescue

Related topics : digital virtual currency and bitcoins

Welshman throws away fortune in Bitcoins

Have you ever accidentally thrown out something of value to you? A family portrait, perhaps, or the only remote controller that can operate the decade-old television set in your spare bedroom? An IT worker from Newport, south Wales, binned an old hard drive during the summer, only to remember last week that he had stored a "digital wallet" of 7,500 Bitcoins - an increasingly popular virtual currency - upon it.

View more

From: Al Jazeera English

Related topics : digital virtual currency and bitcoins