In a report published on Yahoo News’s Japan section, Mt.Gox has recovered nearly 200,000 BTC from a “lost” wallet dating back to 2011. The company’s lawyers claim that Mt.Gox found the wallet on March 7 during an internal investigation following their declaration of bankruptcy on Feb. 28. Few details about the recovery have been released,…
It’s no surprise that more banking-related industries take such a critical, or even hostile stance towards bitcoin. By its very nature, bitcoin and other cryptocurrencies cut banks completely out of the loop and undermine their entire business model. From the banking world’s perspective, bitcoin is a completely disruptive innovation. From the perspective of the ATM…
There has never been a currency as inherently transparent as bitcoin. Anyone who feels so inclined can download the entire block chain (about 16GB at the moment) and sort through every transaction ever made. But when transactions happen in off-chain transactions, which is almost always the case at an exchange or online wallet, it becomes…
As the Chairman and CIO of Legg Mason Capital Management, Bill Miller is used to thinking big. His company manages an estimated $695 billion in assets, making it one of the top 20 investment management groups in the world. Miller is very much an insider in the world of high finance, and the kind of…
As the major exchanges ramp up their security efforts in response to the transaction malleability attacks that took down Mt.Gox, several smaller exchanges with less development resources have found themselves targeted. The most recent case involves CoinEX.pw, based (for tax purposes, at least) in the Pacific island nation of Palau. CoinEX is a small exchange…
Atlanta-based bitcoin payment processing company BitPay announced today that it will expand operations with new offices in New York and San Francisco. The company’s physical expansion into new markets has long been expected, and both cities are logical choices for new offices. San Francisco is a huge tech hub and home to many venture capital…
If a recent post by often-controversial bitcoin personality Mircea Popescu is to be believed, the U.S. Securities and Exchange Commission has focused their gaze on well-known bitcoin gambling site SatoshiDice. Popescu posted a series of emails he exchanged with SEC senior attorney Daphna Waxman, who was requesting information about the listing of shares of SatoshiDice…
Investment firm Fortress Investment Group (FIG) was one of the first Wall Street companies to take bitcoin seriously, setting aside at least $20 million in funding for bitcoin-related investments in 2013. While FIG has also reported a loss of $3.7 million from their bitcoin business since that time, that doesn’t seem to be diminishing their…
The latest version of the Bitcoin client is now officially available. The newly updated 0.9.0 release renames the client Bitcoin Core (to avoid confusion with the Bitcoin network generally and bitcoin the currency), and includes a host of other changes and tweaks. The update has been highly anticipated since the posting of the third release…
Speaking at the Bloomberg Breakfast event today, US Department of the Treasury Under Secretary for Terrorism and Financial Intelligence David S Cohen answered many questions about the evolution of policies and law enforcement tactics related to virtual currencies. Cohen focused largely on efforts to combat illicit uses of cryptocurrency, but also hinted that long term…