bitcoin

CoinYe West is the newest Bitcoin, destroyed in one day

CoinYe West is the newest Bitcoin, destroyed in one day

Users of the crypto-currency called Bitcoin have some competition out in the wild this week in the artist-inspired CoinYe West. This currency, while lovely to look at, will likely never take off the ground due first of all to the fact that their website has been taken off the internet in less than a day after announcement. Second - Kanye West isn't exactly the type of person to let someone else cash in on his name.

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Bitcoin miners do not have to register as money transfer services: ruling

Bitcoin miners do not have to register as money transfer services: ruling

Bitcoin miner Milly Bitcoin has done a little citizen letter-writing, and the results should make virtual currency miners breathe a sigh of relief. Milly Bitcoin's mining company Atlantic City Bitcoin last June wrote to the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) requesting an official administrative ruling on whether ACB must register as a money transfer service. FinCEN has now replied, and the answer is no.

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Dogecoin online wallet service hacked

Dogecoin online wallet service hacked

We can thank Bitcoin and the popularity of the virtual currency for other forms of virtual money popping up. One of those copycat virtual currencies that has cropped up is called Dogecoin. The Dogecoin virtual currency has suffered its first hack.

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Bitcoin stolen during on-air newscast by at-home viewer

Bitcoin stolen during on-air newscast by at-home viewer

The digital currency known as Bitcoin has taken part in a newscast in which a fellow by the name of Matt Miller is robbed wirelessly, on live television. Of course Miller didn’t know he was being robbed - and in fact since he was giving gift certificates with Bitcoin on them to his co-anchors it was more like they were getting robbed, but the end result is the same. Herein lies a lesson in understanding how QR-codes work.

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Bitcoin dismissed as currency by Norway

Bitcoin dismissed as currency by Norway

There's a bit more doubt in the power of Bitcoin in the world today - just a bit less significant than the major announcement of China dismissing Bitcoin, but important nonetheless: Norway has stepped out. Making clear that they've got no intention of (immediately) allowing Bitcoin to jump in on their economy, the government of Norway has effectively disavowed the digital cash. Investors in Norway have taken note, without a doubt.

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Bitcoin banker makes investment play as virtual currency gains traction

Bitcoin banker makes investment play as virtual currency gains traction

Virtual currency Bitcoin got its biggest shot of serious investment and arguably most legitimate backing to-date this week, with a $25m round of funding by digital account firm Coinbase lending more respectability to the controversial tech. Coinbase, which holds the virtual Bitcoin accounts for around 600,000 investors, not only manages virtual wallets but also the merchant tools required to accept Bitcoin as payment.

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Dogecoin digital currency takes on Bitcoin with a bit of meme flair

Dogecoin digital currency takes on Bitcoin with a bit of meme flair

As far as digital currency goes, Bitcoin is the word on all interested parties' lips, but that could possibly (it pays to be optimistic) change in the coming months with the introduction of Dogecoin, a Bitcoin-esque digital offering that is based on, oddly enough, the Doge meme. There are some fundamental differences between Bitcoin and Dogecoin, not the least of which is that the latter's value mostly depends on how much someone is willing to give you for it.

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