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Bitcoin exchanges more at risk
Hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, stealing about $70 million worth of the virtual currency. The cyber theft is the second largest since bitcoin burst onto the scene, and is now hardly a rare occurrence. According to Reuters, a third of bitcoin trading platforms have been hacked, and nearly half have closed in the 6 years since they began. the risk for bitcoin user is also higher, since repositories act like banks but have...
From: Wochit Business
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China cracks down on Bitcoin trading and ICOs
Chinese regulators have decided on a “comprehensive ban” on platforms that allow people to buy or sell virtual currency in China. China is cracking down on Bitcoin trading and also planned to shut down Bitcoin exchanges, according to reports from earlier in September, but this move goes even further, with government officials apparently offering an explicit directive to the nation’s currency exchanges.
The Wall Street Journal reports that a document was passed around at a private meeting...
From: Miguel Roberg
Related topics : virtual currency exchange bitcoin / bitcoin currency trading
Bitcoin: world's fastest growing currency migrates off the internet
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Bitcoin: world's fastest growing currency migrates off the internet
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In Kreuzberg, Berlin, virtual currency Bitcoin has expanded off the internet to become a favoured medium of exchange in real shops and bars. Joerg Platzer, the owner of bar Room 77 is helping to establish what he believes to be the world's first Bitcoin local economy.
From: The Guardian
Related topics : bitcoin internet currency / virtual currency exchange bitcoin
Will Bitcoin Survive This Test?
Since its inception, Bitcoin has survived several tests. In the beginning, came the user test. The digital currency passed it, as many companies and organizations began to accept Bitcoins as a medium of exchange. Politicians and investment bankers took notice. Bank of America
price target on the virtual currency. Last December, Bank of France gave a strong warning concerning the risks of the virtual...
From: Wochit Business
Related topics : digital virtual currency and bitcoins / virtual currency exchange bitcoin
Why BlackRock's ETF Chief Won't Launch a Bitcoin Fund
Oct.03 -- Mark Wiedman, who oversees BlackRock's iShares exchange-traded funds, explains why the asset manager won't be launching a bitcoin or virtual-currency ETF. He speaks with Bloomberg's Erik Schatzker on "Bloomberg Markets."
From: Bloomberg TV Markets and Finance
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From: Self- Employed
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Bitcoin
The website of Tokyo-based bitcoin exchange MtGox went down Tuesday amid reports of a theft of the virtual currency worth hundreds of millions of dollars, dealing a blow to its credibility. The bitcoin community rallied round to defend the unit, with chief executives of several major operators pledging to work together to shore up public faith in the project.VIDEOGRAPHIC
From: AFP news agency
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Bitcoin's biggest exchange Mt. Gox halts all transactions
Mt. Gox, once the world's biggest trading platform for the virtual currency bitcoin, abruptly halted all of its transactions on Tuesday, raising concerns among users and prompting questions about the future of bitcoin itself.
The Mt. Gox website and Twitter accounts went blank and its Japan-based office was empty.
All Mt. Gox's chief executive said by way of explanation was that the business was at "a turning point."
The CEO of Mt. Gox resigned on Sunday and the company stopped withdrawals...
From: ARIRANG NEWS
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Next Media: How bitcoin trading works
Mt. Gox, the world's biggest bitcoin exchange, stopped trading on Monday after losing a large amount of the virtual currency in apparent hacking attacks that went unnoticed for years. Bitcoin, a form of electronic money independent of traditional banking, relies on a network of computers that solve complex mathematical problems as part of a process that verifies and permanently records the details of every bitcoin transaction that is made. — Reuters
From: The Malay Mail Online
Related topics : virtual currency exchange bitcoin / virtual bitcoin trading
How to Buy Bitcoin - Best & Safest Websites to Buy/Purchase BTC - AngelKings.com
How to buy bitcoin (BTC) online, tips on best websites to purchase bitcoins instantly, anonymously, with your credit card, debit card, Paypal, Visa or pre-paid cards (http://angelkings.com/invest). Expert on bitcoin technology (http://angelkings.com/course) Ross Blankenship shows you where you'll get the best rate to buy/sell your BTC virtual currency. Some of the best bitcoin, ethereum and virtual currency exchanges include Gemini, Coinbase, Kraken and Poloniex. #Bitcoin, #BTC, #BuyBitcoin,...
From: Invest in Top Startups: AngelKings.com
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