Bitcoin company Satoshi Citadel receives seed funding from Kakao
Jun 09, 2016 11:28 am UTC| Digital Currency
Philippines-based bitcoin company Satoshi Citadel Industries (SCI) has received seed funding from Korean based Kakaos venture capital arm. K Venture Group (KVG) is a subsidiary of Kakao which specializes in venture...
Shandong Luyitong acquires producer of first bitcoin mining ASIC
Jun 09, 2016 09:44 am UTC| Digital Currency
Shandong Luyitong Intelligent Electric PLC which manufactures electric apparatus and equipments has acquired Canaan Creative, the company that produces the Avalon chip series, the first application-specific integrated...
BTCC celebrates fifth anniversary, launches Five Bitcoin titanium coin
Jun 09, 2016 08:38 am UTC| Digital Currency
BTCC, one of the worlds leading and long-running bitcoin exchanges, has completed five years of continuous operation and to celebrate the occasion it has introduced a new set of physical bitcoins. Last month, BTCC...
Cryptocurrency exchange Gatecoin likely to relaunch in July
Jun 09, 2016 06:22 am UTC| Digital Currency
Gatecoin, the Hong Kong-based cryptocurrency exchange, has provided new updates on ETH fundraising and technology team recruitment, following the hot wallet breach in which it lost ETH 185,000 and BTC 250(which is...
Canadian university paid bitcoins to ransomware hackers to restore data access
Jun 09, 2016 06:15 am UTC| Digital Currency
The University of Calgary in Canada paid bitcoins worth 20k Canadian dollars to ransomware hackers in order to restore access to data after hundreds of its computers were attacked. The university was unable to unwind...
Coinsource expands bitcoin ATM network in US
Jun 09, 2016 05:52 am UTC| Digital Currency
Coinsource, a leading Bitcoin ATM network, has set up its first bitcoin ATM in New Orleans, Louisiana, along with new machines in Newark and Jersey City, New Jersey, bringing its total number of machines to 35,...
Bitcoin transaction volume rises in Turkey after PayPal's exit
Jun 09, 2016 05:09 am UTC| Digital Currency
The volume of bitcoin online transactions has increased in Turkey after PayPal has stopped its operations in the country from June 6 following the non-approval of its license. According to a Turkish bitcoin exchange...