The Hong Kong Commercial Crime Bureau (CCB) is conducting a preliminary investigation into alleged unlawful activities that may have occurred at defunct bitcoin exchange MyCoin. The CCB reports that 43 investors between the ages of 21 and 71 years old lost anywhere between HK$50,000 to HK$15m each when the exchange ceased operations. Such estimates would place the total […]

An online survey has found that 8% of US retailers say they are planning to accept bitcoin within the next 12 months. The data, collected by the Boston Retail Partners, after surveying 500 retailers across the US, showed that none of the businesses were currently accepting bitcoin, whilst 5% have plans to adopt it within […]

There are now hundreds if not thousands of altcoins in existence, but litecoin is one of the oldest and biggest. Since its conception in 2011, creator Charlie Lee – also known as ‘Satoshi Lite’ – has become a prominent figure in the crypto space. Besides creating a cryptocurrency with a market cap of $63.79m, Charlie Lee […]

Lighthouse, the bitcoin-powered crowdfunding application, raised 3.5 BTC for Medic Mobile during its first 24 hours. The Medic Mobile project, Lighthouse’s demo campaign, has now been reset to allow for an additional fundraising round to begin. The news comes via a blog post, in which Mike Hearn, the app’s developer, offers some updates and long-term plans. […]

BitPay has launched ‘Labs’, a discussion forum for all of the firm’s open-source bitcoin projects. The bitcoin payment processor announced the news on its blog, saying that it believes “that reliable, open-source bitcoin infrastructure is crucial to widespread adoption”. The post described BitPay Labs as the “perfect place to ask questions, get feedback, and discuss ideas for […]