The largest bitcoin exchange in the world will have a presence in the U.S. starting next month, a move intended to make it easier for people in the U.S. and Canada to buy the virtual currency.
Hackers stole about US$250,000 from BitFloor, a BitCoin exchange, on Monday, and it does not have the money to reimburse account holders, according to the website's founder.
The seizure of funds of the largest bitcoin exchange, Mt. Gox, was triggered by an alleged failure of the company to comply with U.S. financial regulations, according to a federal court document.
Bitcoin is growing up. The virtual currency that caught the public's attention last month when its value zoomed briefly past US$200 kicked off its first Silicon Valley conference Friday evening and shows no sign of losing momentum.
With Bitcoin all the rage and startups popping up left and right, it's hard to know who's an expert in the virtual currency and who just has an opinion. Most people would put Jeff Garzik in the former camp.
The much buzzed-about digital currency has aroused concern for its use in illicit activity, but George Mason University researchers urge a cautious regulatory approach.
Federal officials told a U.S. Senate hearing on Monday that virtual currencies like bitcoin can offer benefits to the financial system, but also cautioned about its possible misuse for illicit activity.
The head of China's top Bitcoin exchange didn't expect the Chinese government would act so soon in taking its first step to regulating the digital currency, but said he welcomed controls.
The head of China's top Bitcoin exchange didn't expect the Chinese government would act so soon in taking its first step to regulating the digital currency, but said he welcomed controls.
A foundation has been established to create a more solid footing for Bitcoin, the virtual currency admired for its technical genius but dogged by doubts over its long-term viability.
Bill Gates has hopes a better condom will reduce HIV infections, is optimistic about digital currencies' ability to help the poor, and trusts he'll be able to help Microsoft in his new role as technology adviser.
The largest bitcoin exchange said Thursday it is fighting an intense distributed denial-of-service attack it believes is intended at manipulating the price of virtual currency, which has seen volatile price swings in the past few days.
Bitcoin may just be a "virtual" currency, but there's no denying its rising value. The currency, which last month was trading on the order of roughly $30, is now valued at over US$230.
The online virtual currency Bitcoin has generated some serious buzz lately, with its value soaring past US$200 for the first time this week. Now a smaller player hopes to emerge as a rival by processing transactions faster and giving its users more payment options.
More bumps in the road are probably in store for Bitcoin. The virtual currency has seen some massive swings in value over the last several weeks, but that volatility is not likely to end soon, its lead developer suggested on Saturday.
Mt. Gox is requiring all users to verify their accounts in order to make non-bitcoin currency deposits and withdrawals, less than a week after U.S. authorities said they shut down online payment processor Liberty Reserve for alleged money laundering.
A U.S. regulatory filing for a Bitcoin investment trust by the Winklevoss twins said they will protect the virtual currency like gold bars -- in vaults.
A project underway in Kenya is linking Bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative payments in Africa.