Bloomberg Businessweek reported that the Bitcoin frenzy had reached China. Bloomberg Businesswee reported that the Bitcoin frenzy had gripped China. The world's second largest economy had become the second largest maker of Bitcoins worldwide, according to data compiled by SourceForge.
Tags: Bitcoin
Future of Bitcoin, digital currency market seen bullish in Europe, China - observers
Despite the negative press Bitcoin received due to the Silk Road black market scandal, industry observers believed that there would be a renewed investor interest in digital currency.
Dwolla closes its Bitcoin payment services business
Payment processing company Dwolla told its customers through an email statement it would no longer accept Bitcoin currency starting the end of this month.
Bitcoin value sinks after FBI busts Silk Road
According to a Reuters report, the value of bitcoins had decreased following the arrest of Silk Road, an underground website allegedly selling illegal products and services.
FBI shuts down alleged Bitcoin marketplace
The Federal Bureau of Investigation had shutdown Silk Road, an alleged online bitcoin marketplace used to perform illegal activities, said a Reuters report.
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Bitcoin Foundation joins U.S. regulators in FinCEN-hosted discussion regarding digital currency. Financial Crimes Enforcement Network (FinCEN) director Jennifer Shasky-Calvery hosted a discussion with members of the Bitcoin Foundation.
Purchase of apps using Amazon coins saw a 50% weekly boost in revenues. The USD5 worth of Amazon coins was a gift well spent by Kindle Fire consumers. This in turn was an excellent money-generating move for both Amazon and app developers, according to tech evangelist Peter Heinrich.
Owning Bitcoin could become illegal if governments outlawed the digital currency due to unusual risks and decentralization.
Winklevoss Twins offer IPO for Bitcoin. (Photo : Reuters)The image is the Bitcoin logo. Winklevoss Bitcoin Trust, which was designed to operate similarly to electronic exchange trading, is set to open its doors and make an initial offering of $20 million worth of shares.
BitPay Inc receives another US$2 million in seed money. Bitcoin's payment processor, BitPay Inc. , announced on Thursday that it was able to raise additional US$2 million from its initial capital growth financing round headed by the Founders Fund.
According to Bitcoin Chief Scientist Gavin Andersen, Bitcoin will still grow and these crashes are part of it.
