MtGox still in possession of 200,000 Bitcoins Troubled and now-defunct Japan-based exchange MtGox released a PDF in Japanese and English indicating that 200,000 Bitcoins were recovered. The 200,000 Bitcoins would roughly sum to around 23 percent of the total fund presumably lost by the company as claimed in their civil rehabilitation proceedings. As reported Continue reading “MtGox still in possession of 200,000 Bitcoins”
Monthly Archives: March 2014
Alpha Technology upped the ante for scrypt ASIC
Alpha Technology upped the ante for scrypt ASIC Not long after KnCMiner’s announcement of its scrypt ASIC machine named the Titan, their competitor Alpha Technology does not waste much time to up the ante. Alpha Technology have some good news for both existing and new customers of their Viper scrypt ASIC machine. In a Continue reading “Alpha Technology upped the ante for scrypt ASIC”
Coinbase hires Facebook’s Security Manager Ryan McGeehan
Coinbase hires Facebook’s Security Manager Ryan McGeehan San Francisco-based Coinbase has brought Facebook’s security director, Ryan McGeehan on board to beef up its security. With the recent MtGox disaster that has lost investors 750,000 Bitcoins worth hundreds of millions of dollars apparently due to malleability related theft, Coinbase has invited the head of security Continue reading “Coinbase hires Facebook’s Security Manager Ryan McGeehan”
KnCMiner’s first Scrypt ASIC mining rig, Titan is ready for preorder
KnCMiner’s first Scrypt ASIC mining rig, Titan is ready for preorder KnCMiner has started to accept preorder for its first ASIC machine dedicated for scrypt mining. The mining rig which is known as Titan will have an exterior that is based on the company’s existing Jupiter form factor. Inside the rig, however, it will Continue reading “KnCMiner’s first Scrypt ASIC mining rig, Titan is ready for preorder”
Huobi exchange in China starts Litecoin trading on 19th March
Huobi exchange in China starts Litecoin trading on 19th March With Huobi getting ready to accept Litecoin on 19th March, the price of Litecoin took a sudden leap on BTC-e today. A company user survey has shown that there is an estimation of 20 percent of Bitcoin investors in Huobi also holding funds in Continue reading “Huobi exchange in China starts Litecoin trading on 19th March”
MtGox login page is back and let users check their Bitcoin balance
MtGox login page is back and let users check their Bitcoin balance Now defunct Bitcoin exchange MtGox updated their website earlier today and let users login to check their wallet’s balance. But that’s apparently all the troubled digital wallet service will allow for now. The login form is also accompanied with the following statement: Continue reading “MtGox login page is back and let users check their Bitcoin balance”
Japanese Bank Mizuho added as defendant in MtGox lawsuits
Japanese Bank Mizuho added as defendant in MtGox lawsuits U.S. lawsuits against now-defunct Bitcoin exchange, MtGox has added one of Japan’s three largest banks, Mizuho Bank Ltd as a defendant. The suit accused MtGox for defrauding customers and Mizuho has aided by providing banking services and allowing the troubled exchange to continue defrauding its customers. Continue reading “Japanese Bank Mizuho added as defendant in MtGox lawsuits”
Bitcoin ATM launched in Hong Kong
Bitcoin ATM launched in Hong Kong Just one week after Singapore launched its first Bitcoin ATM, Hong Kong has finally gotten its first few Bitcoin ATMs as well. The first ATM has been installed at Mr Bing, a Chinese pancake restaurant in the central part of the city. The ATM which functions more like Continue reading “Bitcoin ATM launched in Hong Kong”
Xapo raises $20 million for secure Bitcoin cold storage
Xapo raises $20 million for secure Bitcoin cold storage With the dust settling after one of the largest trading platform for Bitcoin, MtGox closed, losing over $400 million, startups like Xapo still back the currency. Xapo which is a California-based Bitcoin security company has raised $20 million in funding led by venture-capital firm Benchmark, Continue reading “Xapo raises $20 million for secure Bitcoin cold storage”
Singapore to Regulate Virtual Currency Use
Singapore to Regulate Virtual Currency Use Bitcoin ATMs started to popup in Singapore earlier this month, labeled as vending machines as the country does not recognize virtual currencies neither as securities nor legal tender. But that does not mean there would be no regulation for virtual currencies like Bitcoin. The Monetary Authority of Singapore (MAS) Continue reading “Singapore to Regulate Virtual Currency Use”