The digital “tulip mania” surrounding the virtual currency is ongoing Following a record rise to highs around $750 on the Bitstamp exchange ($900 on Mt Gox), the virtual currency has dropped almost 40% to trade as of writing at $470. It is no wonder that Congress is holding hearings these days to gather more information…
Read moreA new Bitcoin frenzy has been unleashed with the Senate virtual currency hearing acting as a trigger Another round of the epic November rise in Bitcoin prices is happening as we speak. Bitcoins are trading in a range between $700 on Bitstamp and $800 on the Mt Gox exchange. A top level of $900 was…
Read moreThe New York based company makes (gradually) its beta platform open to the public The venture capital investors behind Coinsetter might be in for a small party. The forex trading platform based on Bitcoin has announced that it will be gradually opening its beta status to the public. Initially the process will roll out slowly…
Read moreLatest batch of Bitcoin investors are Chinese players triggered by Baidu's decision to accept Bitcoin payments. Apparently the more news about Bitcoin, the better for the digital currency. We all remember the astronomic rise in Bitcoin prices that we observed back in March/April thanks in large to the mainstream media spelling out the name "Bitcoin"…
Read moreGermany's Ministry of Finance considers Bitcoins a 'unit of account' -- meaning BaFin licensing required, Bitcoin transactions subject to VAT... Monday was a seminal day in the life of Bitcoin, with the release of a formal statement by Germany's Ministry of Finance. The statement indicated that Germany formally designated Bitcoin as a 'Rechnungseinheiten als Finanzinstrument', or…
Read moreBitcoin industry insiders believe continued US Government hostility will scare Bitcoin startups and entrepreneurs away from the US. In separate but related actions, two US Government bodies have requested investigations into Bitcoin. The investigations, to be carried out separately by the FBI and the US Department for Homeland Security (DHS), are to focus on the…
Read moreBitcoin prices at lowest levels since April hype, due in part to Mt Gox's problems. LeapRate Exclusive... Bitcoin exchange Mt Gox has been able to solve one of its main problems, by renewing the ability of customers to withdraw money. As we reported several weeks ago, Mt Gox had halted all US Dollar withdrawals in mid…
Read moreMt Gox's receipt of an MSB license is a major step to operating freely in the U.S. Leading Bitcoin Exchange company Mt Gox has applied for, and received, a U.S. Money Services Business MSB license from FinCen, the U.S. Financial Crimes Enforcement Network. As reported in the Wall Street Journal, Mt Gox's MSB license means that Mt Gox…
Read moreBitcoin trading on Mt Gox halted due to server problem. Adding to its woes of late, which include Mt Gox suspending US dollar withdrawals, leading Bitcoin exchange Mt Gox suffered several hours of downtime early Monday, following a server error. Mt Gox attributed the server problem --which they admitted 'should not occur' -- was due…
Read moreBitcoin exchange Mt Gox said it will likely be several weeks before US dollar withdrawals are back to normal. Leading Bitcoin exchange Mt Gox put out a detailed statement today, stating why the bank has temporarily suspended US dollar withdrawals from customer accounts. The full text of Mt Gox's statement follows, but essentially it boils…
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