Bitcoin

Bitcoin Remains Small in Comparison to Payment Processors and Currencies - Fitch

Despite significant increases in its use as a payment system and attention in the marketplace, Bitcoin is small relative to both traditional payment processors and global currencies, according to a Fitch Ratings Why Forum commentary published today.

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Bitcoin derivatives platform BTC gets funding from Seedcoin

Bitcoin derivatives trading platform BTC.sx has secured funding from Seedcoin Fund, BTC.sx Chief Operating Officer George Samman told Reuters on Tuesday.

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Boston's Circle Internet Financial closes $17M in Series B round to facilitate easier and safer Bitcoin transactions

Boston, US-based digital currency firm Circle Internet Financial closed a $17-million Series B round from Oak Investment Partners and other investors to help consumers conduct easier and safer Bitcoin transactions.

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Developers modify Bitcoin software to resolve transaction flaws

Developers have modified the open source Bitcoin software and released a new version to resolve the transaction flaws and to prevent a Mt Gox-like incident from happening again.

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Facebook Security Director Ryan McGeehan to transfer to US Bitcoin startup Coinbase

Facebook Secutiry Director Ryan McGeehan annouced that he is leaving in early April to take a security-related position at San Francisco, US-based Bitcoin startup Coinbase.

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Investors continue to support Bitcoin despite Mt. Gox failure and losses

The recent drawbacks faced by Bitcoin has not deterred investors from continuing to support and make investments in ventures related to the crypto-currency, TechCrunch reported.

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Dorian Nakamoto officially denies he created Bitcoin

In contrast to a previous report by Newsweek, Dorian Satoshi Nakamoto issued an official statement denying any alleged ties he has with Bitcoin including allegations that he created Bitcoin.

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OKCoin raises $10M in Series A round to become China's biggest Bitcoin exchange

OKCoin raised $10 million in a Series A funding round led by Chinese venture capital firm Ceyuan to become the biggest Bitcoin exchange in China according to trading volume.

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Mark Karpeles' computer contained malware that stole Bitcoins from Mt Gox users

According to security researchers at Securelist, the data stolen from the computer owned by Mt Gox Chief Operating Officer Mark Karpeles' computer contained malware that pretended to be a back-end app for Mt Gox transactions but actually stole users' Bitcoins.

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Warren Buffet on Bitcoin: "Stay away from it."

Warren Buffet said Bitcoins were a "mirage" and that investors should "stay away" from it, VentureBeat reported citing the investor's comments on CNBC's "Squawk Box."

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Canadian Bitcoin investors file class action lawsuit against Mt. Gox and Mizuho Bank

A class action lawsuit was lodged in an Ontario Superior Court of Justice against Mt. Gox and Mizuho Bank Ltd by Bitcoin investors from Canada, Reuters reported.

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Xapo secures $20M to keep Bitcoins safe

Xapo has obtained a $20 million funding from Benchmark Capital, Fortress Investment Group Llc and other investors to keep Bitcoins safe and secure, TechCrunch reported.

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Overstock's Bitcoin sales range from $20K to $30K per day and growing

Chief Executive Officer Patrick Byrne of Overstock said they are recording $20,000 to $30,000 worth of Bitcoin transactions per day and growing, Business Insider reported.

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Big Fish Games to accept Bitcoin to pay for games

Big Fish Games is collaborating with Coinbase so that it can accept Bitcoin as a form of payment for games and virtual goods in its gaming platform, VentureBeat reported.

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Bitcoin founder Satoshi Nakamoto story 'strongly' supported by Newsweek

Newsweek has given their full backing for reporter Leah McGrath Goodman and the story she did on Bitcoin's secretive creator Satoshi Nakamoto, The Verge reported.

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