The Ministry of the Interior of the Russian Federation (MVD) has issued new statements on bitcoin and its possible regulation under domestic law. The agency tasked with implementing government policy and regulation suggested it would wait on a decision by the Bank of Russia, the country’s central bank, before taking any action on matters of […]

The bitcoin price stayed relatively flat over the last week, trading around the $225 mark. The digital currency opened on 2nd February at $226.40 and closed seven days later at $222.87, showing a loss of 1.56% over the period, according to the CoinDesk Bitcoin Price Index. Continue reading at CoinDesk Powered by WPeMatico

Reports are emerging from Hong Kong that local bitcoin exchange MyCoin has shut its doors, taking with it possibly as much as HK$3bn ($386.9m) in investor funds. If true, the supposed losses are a staggering amount, although this estimate is based on the company’s own earlier claims that it served 3,000 clients who had invested […]

A startup called Palarin officially launched its service this week, bringing easy bitcoin access to the Philippines market. The company offers a wallet it says is extremely easy to use, taking Coinbase’s wallet model to the Southeast Asian country. Continue reading at CoinDesk Powered by WPeMatico

Enron, WorldCom, Lehman Brothers and Saytam are all dark moments in corporate history. One way or another, they all cooked the books to hide their true financial position, at the expense of investors, customers, and sometimes, the tax payer. Could the blockchain be used to stop corporate fraud? It’s unlikely that large organizations would begin trading […]