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  • companies move ahead in Africa | CIO

    cio.com 24 Jul '15, 4pm

    Efforts to get Bitcoin off the ground in Africa received a boost this week as BitX announced it has raised $4 million in funding. Africa is a market ripe for Bitcoin: it’s underserved by financial institutions due to the high cost of having a physical presence like ATMs, bank branches...

  • companies move ahead in Africa | CIO

    cio.com 24 Jul '15, 4pm

    Efforts to get Bitcoin off the ground in Africa received a boost this week as BitX announced it has raised $4 million in funding. Africa is a market ripe for Bitcoin: it’s underserved by financial institutions due to the high cost of having a physical presence like ATMs, bank branches...

  • Will Bitcoin become a legitimate currency for large companies?

    Will Bitcoin become a legitimate currency for large companies? | CIO

    cio.com 07 Jul '15, 5pm

    Bitcoin is on the rise, but not in the way you might think. The cryptocurrency, which uses strong encryption methods as a way to ensure the viability of online transactions as opposed to using a third-party bank, is starting to stabilize. Since January of this year, the price per Bitc...

  • glitch expected to abate as software upgrades continue | CIO

    cio.com 06 Jul '15, 2am

    Bitcoin experienced a glitch over the weekend that is expected to be resolved as software clients that handle transaction data are upgraded. Some software clients that “mine” bitcoins are creating invalid transaction data, which are referred to as blocks. Blocks are records of transac...

  • Bitcoin Exchange Files with US Treasury Regulatory Agency

    Exchange Files with US Treasury Regulatory Agency

    cio.com 01 Jul '13, 2am

    IDG News Service — The largest Bitcoin exchange has filed key paperwork with the US Treasury's anti-money laundering agency, but it may have come too late. Mt. Gox, based in Tokyo, registered on Thursday with the Financial Crimes Enforcement Network (FinCEN) as a money services busine...

  • In Kenya, Bitcoin linked to popular mobile payment system @CIOonline

    In Kenya, Bitcoin linked to popular mobile payment system

    cio.com 15 Jul '13, 1am

    IDG News Service — A project underway in Kenya is linking Bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative payments in Africa. Kipochi , which means wallet in Swahili, is a web service launched earlier this month by entrepreneur and p...

  • Interest in Bitcoin, Fledgling Electronic Currency, Grows CIO.com

    cio.com 12 Sep '12, 5am

    IDG News Service — Anthony Gallippi, CEO of BitPay, has started paying his gardener -- in BitCoins. His gardener carries a card with a QR code with the needed information for Gallippi to transfer BitCoins to his account once he's finished tending the lawn. The gardener has chosen to g...

  • Bitcoin Foundation Seeks Stable Ground for Virtual Currency CIO.com

    cio.com 01 Oct '12, 2am

    IDG News Service — A foundation has been established to create a more solid footing for Bitcoin, the virtual currency admired for its technical genius but dogged by doubts over its long-term viability. The Bitcoin Foundation plans over the next year to fund efforts to create a set of ...

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