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 […]
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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
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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
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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
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Singapore Bitcoin ATM Startup Tembusu Gets $300,000 Seed Funding Just a little over a week after launching its first Bitcoin ATM in Singapore, Tembusu announced that they have received S$300,000 (US$237,000) in seed funding, which put the company’s valuation at S$5 million (US$4 million). This would give the undisclosed investors
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World’s Largest Bitcoin Mining Operation that is Earning $8 Million a Month The largest Bitcoin mining operation in North America is earning its owner $8 million worth of Bitcoins a month. Dave Carlson is running the Bitcoin mining facility in two warehouses at an undisclosed location in Washington state.
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Laura Saggers releases world’s first Bitcoin love song Laura Saggers of Santa Monica has released the world’s first Bitcoin love song. She is the singer and songwriter for the song titled 10,000 Bitcoins. “I do agree that it’s hard for the general public to get into it,” said Saggers.
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MtGox faced 150,000 DDOS attack per second 3 days before suspending withdrawal A Japanese newspaper is reporting that MtGox Bitcoin exchange faced a massive DDOS attack for several days ahead of its spectacular collapse. The Japan News by Yomiuri Shimbun reports that the attacks faced by MtGox beginning from
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Butterfly Labs announces Four Weeks delay for 28nm Monarch Butterfly Labs (BFL) has sent out email to its customers that initial testings of the Monarch was seen with a 20 percent increased performance in power consumption. The 0.45W/GH rating makes BFL’s Monarch twice as power efficient as all the other
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Graphics Cards in Stock now for Scrypt mining With new Nvidia cards incorporating Maxwell architecture, the GeForce GTX 750 and 750 Ti is the better performance per watt choice. It is possible to build a decent mining rig of 1.8MHash/sec for $1,300 running on 6 GTX 750 Ti. But of
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