Bitcoin ups and downs unraveling Silk Road?
Could bitcoin's recent market volatility threaten the black market website Silk Road?
Could bitcoin's recent market volatility threaten the black market website Silk Road?
The Canada Revenue Agency has laid out two different bitcoin tax rules, covering transactions made for goods or services, and for profits made with trades.
Wallet and block exploring service Blockchain.info has upgraded its security, apparently in response to a phishing campaign.
A number of Canadian bitcoin exchanges are running into regulatory challenges, as the country’s big banks move to close their accounts, in many cases without explanation. Earlier this month, the Royal Bank of Canada closed the accounts of Calgary-based VirtEx as well as Canadian Bitcoins, an Ottawa-based bitcoin exchange. Canadian Bitcoins has also had its […]
In the wake of reports linking the closure of several bitcoin exchanges with recently released guidance by the Financial Crimes Enforcement Network (FinCEN), CoinDesk spoke with Bitcoin Foundation general counsel Patrick Murck about the impact of the FinCEN regulations. (Murck is also a principal and founder of Engage Legal, with expertise in legal and regulatory […]
European bitcoin exchange Bitcoin Central has suspended its service temporarily, after it was hacked last week. Bitcoin Central’s website said a few hundred bitcoins had been stolen from a hot wallet after an intruder managed to reset the password for its hosting provider’s web interface, locking the exchange out of its own site. The attacker […]
Forget price volatility and hacker attacks. The biggest threat to bitcoin’s future – at least in the United States – could be the little-known Financial Crimes Enforcement Network (FinCEN). Writing in American Banker, Ecoins researcher and Bitcoin Foundation board member Jon Matonis describes how at least three US exchanges that trade bitcoins have shut down […]
If the Cyprus bank “haircuts” are inspiring savers to take a new interest in bitcoin, the Marketplace Fairness Act could do the same for online retailers. The proposal, currently working its way through the US Senate, would require web-based businesses to collect sales taxes from online customers based on the jurisdictions in which they live. […]
A growing number of peer-to-peer file-sharing sites — among them the notorious The Pirate Bay — is starting to accept bitcoin donations from their users. The main page of The Pirate Bay’s website now lists a bitcoin address, presumably for donations. OpenBitTorrent has also joined the party, as has PublicBitTorrent. Istole.it also features a bitcoin […]
A much-hyped distributed denial of service (DDoS) attack on several bitcoin exchanges failed to materialize this week. A post (since deleted) on the text-sharing site Pastebin.com over the weekend had promised a massive attack on the bitcoin infrastructure for Monday, April 22. The stated goal was to bring the price of bitcoin down to $30 […]
Bitcoin may have been through some hard times lately, what with DDoS attacks, exchanges closing down and massive price fluctuations. But one renowned security expert is defending its basic resilience. Dan Kaminsky thinks it’s OK. Writing in Business Insider, Kaminsky says he tried to hack bitcoin two years ago, and failed. This is a big […]
How disruptive an impact could digital currency have on national governments and institutions? Gideon Samid begins his analysis by recounting another disruptive moment in history: Archduke Franz Ferdinand’s 1914 assassination in Sarajevo. How does Samid – an assistant professor in electrical engineering and computer science at Case Western Reserve University – make the argument for […]