Bitcoin Exchange Founder Denied U.S. Entrance

Along with “bomb” and “fresh fruit,” add “bitcoin” to the list of things you  should never say  at U.S.  Customs. “Nefario,” codename for China-based  founder of the Global Bitcoin Stock  Exchange,  says he was sent back to  China after he arrived in Seattle with $600 on him for a two-month visit,  and was unable to convince customs … Continue reading

Ruxum to Launch Bitcoin Exchange in Asia [INVITES]

Before we move on to talk about Bitcoin exchange Ruxum, we first need to understand exactly what Bitcoin is. If you do a Google search, you can find several interesting articles about Bitcoin here and there. Bitcoin is basically a peer-to-peer virtual currency created by Satoshi Nakamoto who wrote an extensive whitepaper about it. There are strictly 21 million such Bitcoin … Continue reading

As Bitcoin exchanges drop Dwolla, Milne says company stays focused

As of Tuesday, Bitcoin exchange platformTradeHill is no longer accepting Dwolla, citing the occurrence of chargebacks as the reason for its decision. Since TradeHill’s launch in early June, it had been accepting Dwolla as a way for its users to fund their accounts in order to purchase Bitcoins, a virtual, peer-to-peer currency, on its exchange. According to the blog Bitcoin Money, Bitcoin … Continue reading

Now comes the online Bitcoin Bank

The Online Bitcoin Wallet cottage industry is about to get slightly more crowded. The new launch scheduled for July 1st is supposed to be a second generation online bitcoin wallet or better said, a first generation bitcoin bank. The company promises to allow easier access to pay and collect bitcoins via a mobile device. Meaning that … Continue reading

Bitcoins create truly democratic policy, followers say

OTTAWA – Money may be the next frontier of the Internet revolution thanks to Bitcoin, a burgeoning new digital currency. The software that tracks, trades and stores bitcoins is free, and its code is public. This means anyone can change it, either because they hope to make it better or to provide themselves with some … Continue reading

Large number of invites sent out today for flexcoin the bitcoin bank

There will be a large number of invites handed out today for the bitcoin bank. Several new pages were posted on the site this morning hinting at it’s strengths compared to the standard bitcoin currency. Also added were a TOS, Privacy Page, and a few others. Flexcoin has peaked interest within the bitcoin community due to the fact … Continue reading

Skeptics of financial system push Bitcoin as alternative online currency

VANCOUVER – It was a stunning crash — a currency’s value dropping from about $17 to just pennies per unit in a few short minutes, wiping away millions of dollars in the process. It happened last month but it wasn’t in a country you’ve ever heard of. In fact, it wasn’t in any country at … Continue reading

Camp BX aims to make Bitcoin trading legit

Bitcoins, a web-based virtual currency, are traded pretty fast and loose these days. Camp BX, an online trading site for the Bitcoin currency that launched Tuesday, wants to do things a little bit differently. Camp BX founder Keyur Mithawala launched the site to transform Bitcoin trading — which is little more than a hobby for … Continue reading

Bitcoin user out of luck as $500,000 disappears from hard drive

Users and fans of the open-source, digital currency Bitcoin should feel a little less secure today, after leaders of the Bitcoin project confirmed to a British newspaper they have no way to confirm a user’s claim that almost$500,000 worth of the digital currency disappeared from his hard drive overnight. “I just woke up to see a very large … Continue reading