Central Bank of Malaysia does not recognize Bitcoin as legal tender Malaysia’s Central Bank, Bank Negara Malaysia (BNM) is joining a number of regulators world-wide, voiced its concern about Bitcoin on Friday but didn’t outlaw the usage of Bitcoin. “The Bitcoin is not recognized as legal tender in Malaysia,” the central bank said in Continue reading “Central Bank of Malaysia does not recognize Bitcoin as legal tender”
Tag Archives: bitcoin
Social gaming giant, Zynga starts accepting Bitcoin
Social gaming giant, Zynga starts accepting Bitcoin San Francisco-based Zynga, provider of social game services since 2007 has announced that it will be accepting Bitcoin for in-app purchases. For a start, the option will be available for selected games and payments will be processed by Bitpay. Zynga made the following statement on reddit, Continue reading “Social gaming giant, Zynga starts accepting Bitcoin”
Robocoin is reaching out to Hong Kong and Taiwan
Robocoin is reaching out to Hong Kong and Taiwan Robocoin, the first shipping Bitcoin ATM is heading to Hong Kong and Taiwan. Although crypto-currency has seen massive growth and gained media attention during 2013, the problem that hits any Bitcoin user is usability. Using Bitcoin is still somewhat confusing and cumbersome, mainly because one have Continue reading “Robocoin is reaching out to Hong Kong and Taiwan”
Fortress is launching a Bitcoin Fund
Fortress is launching a Bitcoin Fund SecondMarket has launched the first U.S. based Bitcoin Investment Trust (BIT) back in September. Now there have been words that Fortress Investment Group is going to launch its own Bitcoin Fund. It is reported that the investment vehicle may be an unlisted Exchange Traded Fund (ETF), similar to BIT. Continue reading “Fortress is launching a Bitcoin Fund”
Bitcoin – Currency of the year for 2013
Bitcoin – Currency of the year for 2013 Crypto-currency kind of took over the world in 2013. The first crypto-currency, Bitcoin which was created in 2009 took a massive jump with its value spiked to around $1200 earlier this month. Bitcoin was just awarded as 2013′s Best Currency of the Year by Global Post. It Continue reading “Bitcoin – Currency of the year for 2013”
Hashcows mining pool hacked
Hashcows mining pool hacked Hashcows is one of the mining pool that will auto switch coins based on current profitability. The site was just hacked, and according to a site admin at Hashcows, nearmiss: “There’s been a breach this afternoon with a number of users reporting payout addresses being changed and manual payouts being triggered Continue reading “Hashcows mining pool hacked”
Charles Lee, Litecoin creator, Will Litecoin Overtake Bitcoin?
Charles Lee, Litecoin creator, Will Litecoin Overtake Bitcoin? Litecoin is the silver to Bitcoin’s gold. Being the second most popular crypto-currency, Litecoin advantages over Bitcoin with faster transaction time and Scrypt algorithm to be resistant to ASIC mining. It is designed to be more abundant, lightweight and easier to use. Lee estimates Litecoin is about Continue reading “Charles Lee, Litecoin creator, Will Litecoin Overtake Bitcoin?”
First major US retailer Overstock.com to accept Bitcoin
First major US retailer Overstock.com to accept Bitcoin Overstock.com sells everything from book to electronics and even cars. The company’s chief executive, Patrick Byrne said customers will be able to use the virtual currency, Bitcoin as a form of payment on Overstock.com. Overstock will become the first major retailer to accept Bitcoin. “We think Continue reading “First major US retailer Overstock.com to accept Bitcoin”
Wooden Bitcoin Wallet, Made in Canada
Wooden Bitcoin Wallet, Made in Canada Charley Lazaro from Ottawa, Canada came up with an ingenius idea in the form of a wooden Bitcoin wallet. Currently, there are various Bitcoin wallets, but one made from wood would be a first. “I came up with the idea of a wood wallet while playing with my laser engraver Continue reading “Wooden Bitcoin Wallet, Made in Canada”
Bitcoin price took a deep plunge
Bitcoin price took a deep plunge There is a huge drop in crypto-currency prices earlier this week following a move by the Chinese government to ban new Chinese Yuan deposits at BTC China, the country’s biggest Bitcoin exchange. This was followed by an order by China’s central bank to payment processors in the country to Continue reading “Bitcoin price took a deep plunge”