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Russian authorities have issued warnings against using Bitcoin, saying the virtual currency could be used for money laundering or financing terrorism and that treating it as a parallel currency is illegal. "Systems for anonymous payments and cyber currencies that have gained considera...
An update from the Japan-based company is due on February 10. Mt Gox is the third-biggest bitcoin exchange in the world, representing around 14 percent of total bitcoin trade in the last week, according to Bitcoinity.org. However, it has recently experienced lengthy delays when exchan...
Treasury and Congress at odds on debt limit timetable Congress should act as soon as possible and make sure there are no more self-inflicted wounds, says U.S. Treasury Secretary Jack Lew, discussing why lawmakers need to act in a timely manner to increase the nation's debt limit so th...
Mr Shrem claimed, in a background report cited at a bail hearing on Monday, that Bitinstant had been trying to raise money to continue operations, but the business shut down last summer when it became clear it needed to do more to comply with existing regulation. The website has been ...
BTC China operated a voucher system in the interim to allow users to redeem their cash, allowing investors to change their bitcoin back into yuan. However, Lee revisited the ruling by the PBoC and determined that the warning was solely for banks and payment processors. He told CNBC th...
A British expat in Singapore stirred up an Internet storm after his Facebook posts mocking the "poor people" using mass transit went viral, hitting on the city-state's touchy issues of anti-foreigner sentiment and a growing wealth divide. The storm began after Anton Casey, a wealth ma...
Bitcoin could be as "big as the Internet" in reshaping the world and spurring economic growth, said a venture capitalist and well-known booster of the virtual currency. "Virtual currency, particularly bitcoin, reminds me so much of that time in the early '90s," said Fred Wilson, a par...
Jim Cramer says he doesn't like comparing any company to struggling retailer J.C. Penney , but Coach's disappointing fourth quarter forced his hand. The luxury handbag maker reported "substantially lower" foot traffic at its North American stores Wednesday morning, when it announced f...