Cryptocurrency exchange X-BT.com is closing down as of today, though the site will remain online for at least two weeks to allow customers to withdraw funds held on the platform. The announcement which arrived via email reads: Continue reading
In an attempt to address the price volatility of Bitcoin, Bitreserve recently launched as a Bitcoin storage service that keeps users' funds in the form of fiat. Bitreserve does this by immediately market selling any incoming deposits, essentially locking in the fiat value of the credited funds. Users are entitled to the locked fiat amount in Bitcoin upon withdrawal, thus users may lose or gain BTC due to volatility. Continue reading
An announcement was posted to the website of the BTC Guild website stating their intention to shut down. Key dates include November 30th, the day they will shut down their mining servers and January 15th the deadline to withdraw coins from their service. In an update to their announcement they float the possibility of being sold and continuing operations. Note that if sold they do not plan to transfer mining history or balances to the new owners. Continue reading
The Sydney Morning Herald is reporting that 24,500 bitcoins, which were seized during a search of a property in December 2012, will soon go to auction after a 28 day appeal period has expired. At the current bitcoin price, the State of Victoria will pocket around AUD $9.6 million or USD 8.4 million. As is typical in Australia, the proceeds of crime are sold via what is known colloquially as a police auction. It's unknown what date the auction has been set for. Continue reading
Jon Matonis is resigning as the Executive Director of the Bitcoin Foundation effective December 31st. According to CoinDesk he will be replaced as executive director by the Foundations Council and his vacant board seat will be up for election with those of incumbents Peter Vessenes and Gavin Andresen.
Voxis Platform, a payment platform which enables carders to avoid credit card fraud detection by automating the behaviour of typical online spending habits, is allegedly being used to turn stolen credit cards into cash and/or bitcoin via payment gateways such as PayPal, Stripe and Coinbase. Continue reading
Coinbase today unveiled their multisig wallet product which will allow customers to store their bitcoin with the site while restricting the ability for Coinbase and others to move the coins unbeknownst to the customer. Coinbase stated that they underestimated customer demand for such a product. Continue reading
Fiat mobile payments system and Apple Pay competitor CurrentC has been hacked according to a number of reports. CurrentC says a number of customer email addresses were taken, and the damage is allegedly confined to that.