"Bitcoin-Central, a currency exchange that specialises in virtual cash, has won the right to operate as a bank . They got the go-ahead thanks to a deal with French financial firms Aqoba and Credit Mutuel. The exchange is one of many that swaps bitcoins, computer generated cash, for re...
"Erik Voorhees blogs for bitinstant.com: 'On Oct 29, 2012, the European Central Bank (ECB) released an official (and very nicely prepared) report called "Virtual Currency Schemes (PDF)." The 55-page report looks at several facets of what virtual currencies are, how they're being used,...
"Erik Voorhees blogs for bitinstant.com: 'On Oct 29, 2012, the European Central Bank (ECB) released an official (and very nicely prepared) report called "Virtual Currency Schemes (PDF)." The 55-page report looks at several facets of what virtual currencies are, how they're being used,...
"Bitcoin exchanges generally don't seem to recover that easily after security breaches. However, BitFloor, which was hacked and had 24,000 Bitcoins stolen in early September , is coming back online, refunding account holders whose coins were stolen and implementing new security measur...
It filled the need for an anti-corporate moral superiority. BitCoin was developed from the start to screw over large companies, who invariably require a trail of some kind for significant transactions. It's promoted as the digital equivalent of cash, and just like cash, the only way t...
Like any other tradeable thing: on an exchange. If you don't think the exchange rate BitInstant gave you is fair, it's easy to go to a site like BitcoinCharts [bitcoincharts.com] and look at the spot prices at the time on any of the exchanges in existence for the currency you were con...
MasterCard uses multiple market sources (such as Bloomberg, Reuters, Central Banks and others) to develop exchange rates. These rates generally reflect either wholesale market rates or government mandated rates that are collected during the daily rate setting process. The displayed ra...
"Australia's anti-money laundering watchdog AUSTRAC believes that money laundering using digital currencies such as Bitcoin and virtual worlds (such as MMOs) are possible 'emerging threats' . The organisation's latest 'typologies' report earmarked virtual worlds and Bitcoin as two are...
