A proposed plan to revive the shuttered Mt.Gox exchange hit a roadblock today, as presiding Judge Gary Feinerman opted to delay further deliberation on the matter until May 13th. The delay was requested by Mt.Gox’s defense team, arguing that such a settlement would unfairly hinder CEO Mark Karpeles and parent company Tibanne KK in other…
Speaking with The Canadian Press, outgoing Bank of Canada second-in-command Tiff Macklem said that his organization isn’t worried about the impact of bitcoin on the banking sector. According to Macklem, bitcoin’s innovations and implications for monetary policy are speculative, and “far into the future.” Given the tiny global market cap, and immature ecosystem, Macklem says…
In a message to customers released yesterday, Calgary-based virtual currency exchange VirtEx announced new plans to create a network of bitcoin ATMS across Canada. The company also announced an in-person bitcoin deposit and bill-payment option powered by U.S. payday-loan/check cashing/cash-for-gold service Money Mart. Although there is no specific timeline for the launch of the ATM…
Citing new regulatory pressures on bitcoin-related banking, Chinese bitcoin exchange FXBTC announced it will be closing down next week. Although bitcoin exchanges remain legal in the country, the People’s Bank of China (PBoC) has been pressuring the country’s banks to close the accounts of bitcoin business, leaving users with no easy way to deposit or…
ABA Technology recently announced plans to create a network of at least 100 machines across the country by 2015, and more than 500 across the globe by 2016. Founded by 29-year-old entrepreneur Chris Guzowski, the company launched its first bitcoin ATM two weeks ago on the outskirts of Sydney. Working with U.S.-based bitcoin ATM maker…
The Dark Wallet project has one simple goal: Keep bitcoin anonymous. With many bitcoin services rushing to embrace the legitimacy of regulation and government oversight, it’s hardly surprising that there are many in the community who are deeply concerned about an encroaching loss of privacy and surveillance. By building in “coin mixing” and “stealth” wallet…
Speaking with Ars Technica, Mt.Gox founder Jed McCaleb revealed that he personally lost around $50,000 in the Tokyo-based bitcoin exchange’s collapse. Although he sold he site to French bitcoin entrepreneur Mark Karpeles in 2011, McCaleb retained a 12% stake in the company. Unlike many Mt.Gox users, however, McCaleb’s losses were in standard fiat accounts, rather…
Bitcoin ATM maker Robocoin announced new plans today to launch a new service called Robocoin Bank. The Las Vegas-based company claims the move would make it “the first Bitcoin bank with a physical presence.” In effect, Robocoin will be adding online banking features to their existing and future bitcoin ATMs, providing new features such as…
In a report on CoinDesk yesterday, reporter Kadhim Shubber noted that bitcoin-oriented job opportunities appear to be experiencing a small, yet noticeable, explosion. Shubber cited a recent milestone in that the Jobs4Bitcoin subreddit had finally passed 5,000 subscribers, an indication of a highly active, if relatively tiny pool of professionals who only accept bitcoin as…
New Mexico and California have joined the chorus of state authorities issuing consumer-oriented warnings about virtual currencies. The New Mexico Taxation and Revenue Department (TRD) and the California Department of Business Oversight (DBO) released similar consumer advisories, citing the virtual currency’s price volatility, the possibility of scams, and lack of legal tender protections. Similar warnings…