Search Results for: bitcoin

Indian Regulators worried about Money laundering use of Bitcoin

The Indian regulator appear to be concerned with the growing attention of Bitcoin. The increase in the exchange value of the currency to around US$ 1200 appear to be creating panic amongst the regulators without considering the real impact on … Continue reading

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Bitcoin represents the third war between the digital society and the physical society

In order to increase the acceptability of Bitcoin for ecommerce purchases everywhere, a service has emerged where by an intermediary takes the responsibility of converting the buyer’s bitcoin payments to the legacy currency of the ecommerce site. Bitsumo  a company … Continue reading

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Physical Version of Bitcoin with Gold Backing?

It is reported that an island called Alderney in the northern part of Channel Islands located between Northern France and UK will be minting Bitcoins in physical form. The island has a population of 1903 persons . It is likely … Continue reading

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E Sports settles dispute on illegal Bitcoin installation

In an interesting case of misuse of Bitcoin, a video gaming community “E Sports Entertainment Association” agreed to settle a dispute where it had been accused of having illegally installed Bitcoin minining software in their client’s machines and earned US$3713.55. … Continue reading

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Bitcoin ATM registers $1 million transaction in a month

World’s first Bitcoin ATM in operation in Vancouver is said to have clocked transactions of US$ 1 million in a month. The ATM converts cash into Bitcoins and also pays out cash in physical currency against withdrawals of Bitcoins. The … Continue reading

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Bitcoin Payment Processor in Denmark Hacked

A Denmark based Bitcoin payment processor BIPS faced a security breach last week resulting in loss of 1295 bitcoins worth around US $ 1 million. The loss has occurred both to the service provider’s own stock as well as a … Continue reading

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