New Bitcoin Extortion-By-Mail Scheme Emerging
A series of anonymous extortion letters demanding payment in bitcoin has begun to emerge on social media as wary recipients ask their online communities for advice. This one appeared on…
MtGox Operator Looks To Sell Bitcoin Trademarks
The holding company of collapsed virtual currency exchange MtGox is looking to sell the trademark to the word Bitcoin, The Wall Street Journal said Wednesday. The company hopes to raise…
Bitcoin Exchange MtGox Placed In Administration: CEO
Failed Bitcoin exchange MtGox was Wednesday placed in administration by a Japanese court, with an order for bankruptcy expected to be issued soon, its administrator and chief executive said. "The…
Bitcoin Firms Dumped By National Australia Bank As ‘Too Risky’
National Australia Bank is severing ties to digital currencies, saying they’re too risky. NAB has sent letters to business customers who primarily trade in bitcoin and similar crypto currencies, informing…
Bitcoin Boss Flees Cyprus ‘After Threat’
The boss of a Bitcoin company in Cyprus has fled abroad days after it suddenly stopped operations, in a blow to the virtual currency's once vaunted prospects on the island.…
Ross Ulbricht’s New Silk Road Defense: ‘Bitcoins Are Not Money’
Lawyers for the man alleged to have run an online black market called “Silk Road” are vigorously defending their client today with an innovative new tactic. Because the IRS recently…
IRS To Treat Bitcoins As Property Rather Than Currency
As we have been saying for months now, the biggest challenge faced by bitcoin proponents is their own unwillingness to accept minimal regulations that would shore up the flagging value…
Bentcoin: Charlie Shrem Touts Bitcoin Conspiracy Theory
Charlie Shrem, the CEO of BitInstant and a vocal leader of the Bitcoin Foundation until his recent arrest for alleged money laundering, spoke to the Texas Bitcoin conference by Skype…
Yet Another Blow To Bitcoin: Flexcoin Shuts Down In Wake Of Hack
We are bitcoin skeptics here at BU, so we are not surprised at all to learn that another bitcoin “bank” shut down yesterday after a hack of its “hot wallet”…
Warren Buffett Says Bitcoin “Is Not A Currency”
We are still bearish on bitcoins. Mt. Gox, the premiere bitcoin exchange that recently suspended all activity after the theft of some 750,000 coins from its users’ wallets, declared bankruptcy…