A cache of bitcoins and litecoins has been seized by federal law enforcement officials as part of an investigation into alleged counterfeit software sales and distribution. Approximately 105 BTC and 900 LTC were cited in a civil forfeiture that included more than $7m, hundreds of gold and silver bars and coins, and a number of […]
Pantera Leads $1.1 Million Funding for African Bitcoin Startup BitPesa
Kenya-based bitcoin services provider BitPesa has raised $1.1m as part of a new funding round led by hedge fund Pantera Capital. Additional participants in the round included VC firms Bitcoin Opportunity Corp, Crypto Currency Partners, Future/Perfect Ventures and Stephens Investment Management. BitPesa CEO Elizabeth Rossiello explained that funding comes at a time when the nine-member team […]
Russia’s Interior Ministry Defers to Central Bank for Bitcoin Guidance
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 […]
Markets Weekly: Slow Week for Bitcoin Price as ‘Grexit’ Looms
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
Hong Kong Exchange MyCoin Disappears with Up To $387m, Reports Claim
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 […]
