African start-up Beam ceases Bitcoin remittance service
Sep 01, 2015 05:08 am UTC| Digital Currency
Beam, a Ghana-based start-up company, has recently announced on its website that it is stopping its bitcoin remittance service. Launched last October by Nikunj Handa and Falk Benke, the company did not mention the reason...
Former Secret Service agent pleads guilty in Silk Road investigation
Sep 01, 2015 04:27 am UTC| Digital Currency
A former U.S. Secret Service special agent pleaded guilty on Monday to money laundering and obstruction of justice in connection with his theft of bitcoin during the investigation of Silk Road, an online drug marketplace,...
Commonwealth specialist group calls for regulation of virtual currencies
Aug 31, 2015 10:35 am UTC| Digital Currency
The first meeting of the Commonwealth Working Group on Virtual Currencies concluded on 26 August, 2015 in London, UK. In a press release, the group acknowledged that Virtual currencies have a potential to benefit Member...
Taskforce, EFF oppose California Bill AB-1326
Aug 31, 2015 10:12 am UTC| Digital Currency
The Californian bitcoin bill AB-1326 will require participants to pay the treasury $5,000 with application and an extensive inquiry into the business applicants background.Taskforce and theElectronic Frontier...
Aug 31, 2015 09:10 am UTC| Digital Currency
Paxful, an Estonia-based service, facilitates buying and selling of virtual currency to any peer around the world. Founders Ray Youssef and Artur Schaback love Bitcoin and are very passionate about the...
Virginia teen sentenced to 11 Years for providing material support to ISIL
Aug 31, 2015 07:43 am UTC| Digital Currency
Time and again several reports and blogs have warned of the danger of bitcoin to be used for money laundering purposes and funding terrorist activities. The United States Department of Justice sentenced a Virginia-based...
Bitmain announces launch of Antminer S7
Aug 31, 2015 06:54 am UTC| Digital Currency
Bitmain, one of the worlds leading manufacturers of Bitcoin mining hardware, has recently announced the next-generation Antminer S7, its first product to use the recently announced BM1385 chip. This machine is not only...