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.
Tags: Bitcoin
Bitcoin promoter pleads guilty to unlicensed use of currency
A man who helped to promote bitcoin wants to remain in the business despite pleading guilty Thursday to indirectly helping send more than $1 million in the digital currency to users of the illicit online marketplace Silk Road, his lawyer said.
Bitcoin shows staying power as online merchants chase digital sparkle
Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.
Mt Gox traders agree to settle class actions against bankrupt Bitcoin exchange
American and Canadian Bitcoin traders and investors have agreed to settle the class-action lawsuits they have filed against the bankrupt Tokyo, Japan-based Bitcoin exchange Mt Gox in return for a 16.5% stake in the firm.
Bitcoin price drops after China imposes new restrictions
BTC China has halted deposits of local currency from the China Merchants Bank, causing the value of Bitcoin to fall from $500 to below $440, a 10% difference from its value in the past few days.
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Bitcoin derivatives trading platform BTC.sx has secured funding from Seedcoin Fund, BTC.sx Chief Operating Officer George Samman told Reuters on Tuesday.
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.
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.
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.
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.
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.
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.
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.
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."
