OKPay was ordered to hand over $6.1 million to Mt.Gox

Payment processor OKPay has revealed it was court-ordered to return nearly $6.1 million of withheld customer deposits to the failed company. The individual customer deposits were being held by OKPay for transfer to Mt.Gox when it filed for bankruptcy. Continue reading…

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PayPal users will be able to pay in Bitcoin

Braintree, the payments company acquired by PayPal for $800m last year, announced it will be adding support for Bitcoin payments to its platform in the coming months.
The integration is the result of a partnership with Coinbase, which was first reported to be in talks with Braintree about a potential partnership this August. Continue reading…

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British cyber geek pleaded guilty to blackmailing for Bitcoin

Lewys Martin, a 22 year old “hacker”, who was threatening to expose personal data of 28,000 customers of Lloyds Bank, pled guilty at Southwark Crown Court on September 3, 2014 to blackmail, possession of articles for use in fraud and possession of indecent images of children, as COINTELEGRAF reportes. Continue reading…

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Charlie Shrem to plead guilty to unlicensed money transmission

2 One of the most prominent names in Bitcoin will plead guilty to multiple federal charges in a New York court next Thursday, September 4th. Continue reading…

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Thanks for all you’ve done, mr. Hal Finney! See you in the future!

2 Hal Finney, a well-known cryptography expert and the first person to work with Satoshi Nakamoto on the digital currency bitcoin, passed away on Thursday in Scottsdale, Ariz. He was 58. He is having his body cryopreserved – where the body is frozen and stored indefinitely – according to his wishes. Continue reading…

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Dominica will be the first country in the world to adopt Bitcoin

1The 70,000 residents of the Caribbean nation of Dominica will receive bitcoins as part of the The Bit Drop, a future union between companies criptocurrency industry, interest groups and local government officials.
Scheduled to take place on 14th March, 2015, The Bit Drop will feature an island-wide party that will be attended by “celebrities, musicians and enthusiasts Bitcoin”. Continue reading…

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North Carolina taking different approach to regulating virtual currencies

While the Department of Financial Services of New York (NYDFS) continues to receive feedback from the bitcoiner community to “improve” the proposal of BitLicencias, North Carolina authorities, it seems, have a friendly approach to cryptocurrencies.
A spokewoman of the North Carolina Commission of Banks (NCCOB), the agency in charge of financial regulation of the state, explained to CoinFinance, that the plan is to clarify NCCOB regulations apply to the cryptocurrencies. Continue reading…

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Australian Government publishes guide “Bitcoin for businesses”

The Australian Government has published a short “Bitcoin for businesses” guide on their business website, which aims to educate businesses on the benefits and pitfalls of accepting digital currency like Bitcoin in exchange for goods and services. Continue reading…

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Cannabis Road was hacked and lost $100,000 in Bitcoin

Cannabis Road is now offline after suffering from an attack that saw hackers abscond with 200 Bitcoin or roughly $100,355.
Users who attempt to access the online marketplace dedicated to cannabis products are now presented with a message from lead developer Crypto detailing the attack and the potential paths forward for the development team:
“Greetings Cannabis Road users. I am devastated to announce that we have officially been robbed of around $100,000 USD.
Shortly after 10:15 AM UTC, I logged on to check on some things to notice that the balance of our wallet was near zero. Continue reading…

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New York extends deadline on BitLicense comment period

New York Department of Financial Services (NYDFS) superintendent Benjamin M Lawsky has extended the comment period for the BitLicense proposal by an additional 45 days.
The notice cited requests from the bitcoin community, which included grassroots supporters and the Bitcoin Foundation, as a driver of the deadline change. The agency also noted the potentially significant impact of the BitLicense proposal on the broader bitcoin market as another reason for the extension. Continue reading…

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