Post Tagged with: "virtual currency"

Bitfinex Offers $3.5M Bounty for Stolen Bitcoin as Socialization Plan Stalls

Bitfinex Offers $3.5M Bounty for Stolen Bitcoin as Socialization Plan Stalls

by August 16, 2016 at 9:14 am 1 comment

It’s been another week, an eternity in the bitcoin world, and it looks like Bitfinex’s chosen recovery plan, in which it would “socialize” its losses by having its customers share 36% of the loss, may not actually, strictly speaking, be legal. “I think these questions are falling into a bit ofRead More

Another Day, Another Bitcoin: After the Bitfinex Hack

Another Day, Another Bitcoin: After the Bitfinex Hack

by August 9, 2016 at 3:30 pm 2 comments

It’s been just about a week since the bitcoin exchange Bitfinex was hacked, with a loss of 119, 756 BTC, or about $80 million in boring old, traditional currency. The hack remains a hot-button topic in the bitcoin world, with many calling for the need of increased oversight of bitcoin exchanges.Read More

Ripple Labs Fined by FinCEN for Money Laundering Violations

Ripple Labs Fined by FinCEN for Money Laundering Violations

by May 5, 2015 at 5:59 pm 2 comments

Ripple Labs today earned the dubious distinction of being the first virtual currency exchange to be fined by FinCEN for failing to comply with anti-money laundering rules. This is sure to send a chill through the world of virtual currency. The San Francisco-based company, which allows for rapid inexpensive movementRead More

Most ‘Bitcoin Cloudmining Operations’ Are Ponzi Schemes

Most ‘Bitcoin Cloudmining Operations’ Are Ponzi Schemes

by April 27, 2015 at 11:56 am 0 comments

Hey buddy, wanna buy some bitcoins? It’s buyer-beware in the world of bitcoin cloudmining, with as many as 75% of those purporting to provide the service being fraudulent, according to a bitcoin mining industry expert. Cloudmining allows users to invest money up front in mining operations and get bitcoins out the backendRead More

Start Your Company… on the Blockchain?

Start Your Company… on the Blockchain?

by April 13, 2015 at 11:03 am 4 comments

The blockchain is being put to new and creative uses — like, you know, starting a company? It turns out that Singapore-based Otonomos, one of 10 startups just announced as participants Startupbootcamp’s newly announced Singapore accelerator, will help “form, fund and govern your company on the blockchain.” It’s as simple as filling out a shortRead More

Lawsky Floats Further Revision to BitLicense Proposal

Lawsky Floats Further Revision to BitLicense Proposal

by December 19, 2014 at 11:33 am 2 comments

Benjamin Lawsky, superintendent of financial services for the New York State Department of Financial Services, is perhaps best known among FinTech watchers for championing New York’s proposed BitLicense regulation. Yesterday, at the Bipartisan Policy Center in Washington, Lawsky proposed revising the original BitLicense regulation, and also threw in some choice commentsRead More

Lure of Bitcoin Hooks High-Level JPM, Amex Execs

Lure of Bitcoin Hooks High-Level JPM, Amex Execs

by December 11, 2014 at 11:52 am 0 comments

Conventional wisdom has banks watching Bitcoin with great wariness, but two recent moves may suggest otherwise. Bitcoin successfully luring executives from financial services powerhouses shows a vote of confidence in the cryptocurrency by the people (if not the institutions) making up the financial services industry.

Epiphyte, Matchmove Win Fintech Startup Challenge

Epiphyte, Matchmove Win Fintech Startup Challenge

by October 2, 2014 at 10:28 am 10 comments

More than 280 companies entered the Innotribe Startup Challenge but just two emerged triumphant: the money movement service Epiphyte, and Matchmove, which offers virtual credit cards.

As Braintree Warms Up to Bitcoin, Startups Like Circle Fight For Innovation

As Braintree Warms Up to Bitcoin, Startups Like Circle Fight For Innovation

by August 15, 2014 at 12:12 pm 1 comment

Behemoths like Braintree are said to be accepting bitcoin in the near future, but startups like Circle are fighting regulators for their lives.

NYDFS Asks for Comments on Proposed Bitcoin Regulation

NYDFS Asks for Comments on Proposed Bitcoin Regulation

by August 5, 2014 at 10:42 am 4 comments

Bank Innovation spoke to the NYDFS about BitLicenses, bitcoin, and virtual currency regulation.