Articles about bitcoin

Blockchain nears peak hype: UK politicos to probe crypto-coin

Hot on the heels of Bitcoin’s dramatic rise and fall - and rise, British parliamentarians have decided to launch an inquiry into digital currencies. The Treasury Committee, one of the more influential of the House of Commons’ talking shops, today confirmed it will investigate the impact of cryptocurrencies and how they can be …
Rebecca Hill, 22 Feb 2018
The Brooklyn Bridge

Talk about a MINER offense! Crypto-cash crafter clashes with T-Mob US in hipster haven

America's comms watchdog, the FCC, has ordered a bloke in Brooklyn, New York, to turn off his cryptocurrency miner – after the box interfered with nearby T-Mobile US cellphone towers. According to an official complaint [PDF] sent late last week, the regulator accused a fella called Victor Rosario of disrupting his neighborhood …
Shaun Nichols, 20 Feb 2018

And lo! Crypto-coins came unto the holy land. And the wise decreed they must all be taxed

The idea that Bitcoin and its ilk create uncontrollable and un-taxable instruments no government can control has been dealt a blow in Israel, where the local Tax Authority has ruled cryptocurrencies are boring old property. In a circular distributed by the authority dated February 19, the organisation said cryptocurrencies can …
Goncalo Esteves' police mugshot. Pic: National Crime Agency

Essex black hat behind Cryptex and reFUD gets two years behind bars

A 24-year-old Essex man behind the reFUD.me antivirus evasion site, who made an estimated half a million pounds from Bitcoin, has been jailed for two years. Goncalo Esteves, of Cape Close, Colchester, England, admitted two computer misuse offences and one charge of money laundering in January. He was sentenced today at …
Gareth Corfield, 15 Feb 2018

T-Mobile US let hackers nick my phone number, drain my crypto-wallets, cries man who lost $20k

A bloke from Washington is suing T-Mobile USA after miscreants were able to steal his phone number and take all his crypto-coins. Carlos Tapang this week told the US state's western district court that the telco broke America's Federal Communications Act when, in November of last year, it allowed strangers to get control of …
Shaun Nichols, 6 Feb 2018
Bitcoin ban

Why is Bitcoin fscked? Here are three reasons: South Korea, India... and now China clamps down on cryptocurrencies

China has become the latest nation to attempt to cripple crypto-coin trading within its borders. Banks on the mainland have informed state media they will "step up measures" to eliminate citizens trading in cryptocurrencies using overseas websites, with the help of the Middle Kingdom's Great Firewall, in addition to the …
Shaun Nichols, 5 Feb 2018
Bitcoin, photo via Shutterstock

Lloyds Bank bans Bitcoin purchases by credit card customers

Lloyds bank has stopped credit card customers from buying bitcoin, amid concerns of a credit risk surrounding the cryptocurrency's rapidly falling value. Coming into effect today, the ban applies to Lloyds Bank, Bank of Scotland, Halifax and MBNA. The currency has grown exponentially in the last year, peaking at $20,000 (£14, …
Kat Hall, 5 Feb 2018
Bitcoin ban

Suspicion of villainy leads Facebook to ban cryptocoin ads

Facebook has banned ads for cryptocurrencies from its platform, on suspicion that plenty of them will be placed by scammers. A new Clause 29 in the "Prohibited Content" section of its Advertising Policies says: "Ads must not promote financial products and services that are frequently associated with misleading or deceptive …
Simon Sharwood, 31 Jan 2018
A piggy bank in a pile of pound coins

Watchdog: Uh, sit down, AriseBank. This crypto-coin looks more like a $600m crypto-con

Updated America's financial watchdog today suspended an initial coin offering (ICO) from AriseBank, claiming it's a scam. The US Securities and Exchange Commission obtained a court order to halt the investment scheme based on a complaint filed under seal last week. According to the regulator, AriseBank – based in Dallas, Texas – and …
Thomas Claburn, 30 Jan 2018
A train passes in Moulsford, OXFORDSHIRE - midsomer murders town

'Bitcoin heist' shock: Cops seek 4 for aggravated burglary in Midsomer Murders town

A gang of armed robbers reportedly burgled a village home belonging to Bitcoin traders in an Oxfordshire, England. According to police, four suspects broke into the home of a man and his partner in Moulsford, a town famous for its appearances in Midsomer Murders, last Monday. One witness speaking to the Mail on Sunday …
Richard Priday, 29 Jan 2018

Blockchain bros' London powwow: Regulation, education, oversaturation

BlockchainWeek The hype around blockchain is just as frustrating for people trying to legitimise the technology as it is for those watching from the sidelines – but behind the fluff, its proponents argue there's real potential. With Bitcoin prices dominating the news and every Tom, Dick and Harry jumping on the blockchain bandwagon, most …
Rebecca Hill, 29 Jan 2018

Stop us if you've heard this one before: Tokyo crypto-cash exchange 'hacked' for half a billion bucks

Japan-based cryptocurrency exchange CoinCheck says it has been taken for around $530m by hackers. The Tokyo-based exchange says it is working with cops and Japan's Financial Services Agency to investigate a heist CoinCheck admits went undetected for more than eight hours. CoinCheck believes the theft occurred Friday around …
Shaun Nichols, 26 Jan 2018

Hey, look who's rushing to weigh in on crypto-coins. Hello, United Nations and European Commission!

Following a warning from America's financial regulator, the European Commission and the United Nations have weighed in on the issue of crypto currencies. This week, chairman of the US Securities and Exchange Commission Jay Clayton warned companies thinking of adding “blockchain” to their names that his agency is watching them …
Kieren McCarthy, 23 Jan 2018

Stripe in Bitcoin hype flight while fans blindly gobble up crypto-cash

Roundup Payment biz Stripe on Tuesday said it plans to phase out support for Bitcoin payments – citing declining interest among merchants and rising transactions times and fees. "[W]e've seen the desire from our customers to accept Bitcoin decrease," said Stripe product manager Tom Karlo. "And of the businesses that are accepting …
Thomas Claburn, 23 Jan 2018

Cyber-coin crackdown continues: Commission charges couple crypto-currency company chiefs concerning 'conned' customers

The US Commodity Futures Trading Commission (CFTC) is the latest financial watchdog to haul into court companies in the virtual currency space. On Friday, the CFTC, which oversees the derivatives markets in America, announced a pair of civil lawsuits against businesses it claims defrauded customers out of their hard-earned …
Shaun Nichols, 20 Jan 2018

Crypto-cash exchange BitConnect pulls plug amid Bitcoin bloodbath

Amid a cryptocurrency price correction that has seen the price of Bitcoin drop by half from its mid-December peak, UK-based cyber-cash lending and exchange biz BitConnect said it is shutting down. The firm, dogged by accusations that it is a Ponzi scheme, cited bad press, regulatory orders, and cyber attacks for its market …
Thomas Claburn, 18 Jan 2018
KFC Canada's bitcoin bucket

Junk food meets junk money: KFC starts selling Bitcoin Bucket

KFC’s Canadian wing has started selling chicken for Bitcoin. The artery-clogging Bitcoin Bucket “Includes 10 Original Recipe Tenders, Waffle Fries, Med Side, Med Gravy and 2 Dips,” at a cost of however many Bitcoin equates to CA$20. KFC Canada’s page for the promotion helpfully includes live updates of that sum in Bitcoin. …
Simon Sharwood, 15 Jan 2018
Dodgeball's 'Bold Strategy' scene

Good lord, Kodak's stock is up 120 per cent. How? New film? Oh. It launched a crypto-coin

Camera film relic Kodak is trying to reinvent itself in the most 2018 way possible: by launching its own cryptocurrency. The imaging company says its new make-believe money, named KODAKCoin, will be pitched as a way for photographers to issue and collect royalty payments. The idea is that shutterbugs will use the KodakOne …
Shaun Nichols, 9 Jan 2018

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