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Bitcoin Prices Spike After News of First Regulated U.S. Bitcoin Exchange

Bitcoin may be getting a boost. Coinbase, a startup that develops a mobile wallet to buy and store the digital currency, announced Monday that it is launching the first licensed Bitcoin exchange in the United States. Its goal is to provide a more "reliable and secure platform" for trading bitcoins. The startup wrote in a blog post "We believe Coinbase Exchange will bring stability and trust to the exchange space," . Coinbase has been at the forefront of legitimizing — or attempting to...

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Related topics : bitcoin price exchange / bitcoin news price / bitcoin digital currency exchange / bitcoin buy price coinbase / buy bitcoin exchange

Russian Suspect Arrested of Running $4 Billion Bitcoin Laundering Scheme

On Wednesday, police have said that a Russian man suspected of being behind one of the world's oldest crypto-currency exchanges and of laundering at least $4 billion has been arrested in Greece. Two sources close to the BTC-e virtual currency exchange, said that Alexander Vinnik was a key person behind the platform. Police said "at least" $4 billion in cash had been laundered through a bitcoin platform since 2011, the year BTC-e was founded. BTC-e is one of the oldest virtual currency...

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Related topics : virtual currency exchange bitcoin / bitcoin one world currency / bitcoin currency trading

Bitstamp Bitcoin Exchange Hacked, Trading Suspended: About $5.1M Suspected Stolen

European bitcoin exchange Bitstamp suspended trading Monday after the site's operators began to suspect that one of its active, operational bitcoin storage wallets was "compromised" over the weekend.

In a statement on its site, Bitstamp warned users not to deposit any Bitcoin to previously issued addresses.

The popular bitcoin trading site, said to be the world's third busiest bitcoin exchange amounting for 6 percent of all bitcoin transactions, said that a "small fraction" of customer bitcoins...

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Related topics : bitcoin trading sites / online bitcoin exchange / bitcoin online trading / exchange bitcoin / bitcoin online wallet hack

NY Stock Exchange Jumps Into Bitcoin

The New York Stock Exchange appears to be diving into the digital currency market.

According to a filing dated December 19, the exchange group asked the US Securities and Exchange Commission for approval to list two bitcoin ETFs on its NYSE Arca Market.

The ETF have been named ProShares Bitcoin ETF and ProShares Short Bitcoin ET. They would provide investors an investment product by which they can bet on bitcoin futures...

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Related topics : bitcoin digital currency exchange / bitcoin exchange market

U.S. Regulators, Bitcoin Group To Discuss Digital Currency

U.S. regulators, Bitcoin group to discuss digital currency

U.S. regulators and law enforcement agencies are expected to meet with an advocacy group for Bitcoin, a digital currency that has been under fire for its purported role in facilitating anonymous money transfers and supporting online purchases of illegal street drugs.

http://news.yahoo.com/u-regulators-bitcoin-group-discuss-digital-currency-172358807.html

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Related topics : digital currency group / bitcoin digital currency / bitcoin digital online / digital money bitcoin / bitcoins online currency

SEC Gives OK to Plan to Issue Stock Via Bitcoin’s Blockchain Tech

The Securities and Exchange Commission approved a plan from online retailer Overstock.com to issue company stock via the Internet. This signals a significant shift in the way financial securities will be distributed and traded in the years to come. Over the past year, Overstock and its freethinking CEO, Patrick Byrne, developed technology for issuing financial securities using blockchain, the massive online ledger underpinning the bitcoin online currency. Blockchain is essentially an enormous...

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Related topics : online currency exchange bitcoin / bitcoin security issues / bitcoins online currency / bitcoin technology blockchain / use bitcoin online

NiceHash Reports Bitcoin Worth $64 Million Lost In Hack

Cryptocurrency marketplace NiceHash reported the contents of its bitcoin wallet had been stolen in a security breach. one executive said almost $64 million had been lost in the hack. The company’s head of marketing said the hack was “a highly professional attack with sophisticated social engineering.” he added that roughly 4,700 bitcoin, worth about $63.92 million at current prices, were lost. in an earlier statement posted on its website, NiceHash said that it had halted operations for...

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Related topics : bitcoin digital currency exchange / current bitcoin worth / bitcoin one million

Bitcoin's Increasing Value

Bitcoin is a digital currency that many of us have never used.

Yet this year the total value of all bitcoin hit $14 billion.

The currency has doubled in value from $435 each at the start of 2016.

The increase may be connected to the weakening of the Chinese yuan.

Bitcoin is popular with Chinese traders because it enables them to evade currency controls.

https://www.cnet.com/news/bitcoin-reaches-highest-total-valuation-of-14-billion/#ftag=CAD590a51e

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Related topics : bitcoin value total / bitcoin digital currency / bitcoin valuation by year

Bitcoin Takes A Dive

After crossing the milestone just a day earlier, Bitcoin fell below $10,000 for the first time on Wednesday.

According to data from Markets Insider, the cryptocurrency is now trading at 20% below its peak. Other currencies like Ethereum and litecoin also crossed major milestones in the past 24 hours. Ethereum traded above $500 for the first time. Litecoin traded above $100. Both have since fallen below those marks as well, though. The currency has led some on Wall Street to call its rise a...

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Related topics : bitcoin stock market price

$72 million Worth of Bitcoin Stolen!

HONG KONG Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, making it the second-biggest security breach ever of such an exchange. The bitcoin was stolen from users' segregated wallets. Bitcoin plunged just over 23 percent on Tuesday after the news broke. It is not yet clear whether the theft was an inside job or whether hackers were able to gain access to the system...

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Related topics : bitcoin digital currency exchange