A prepaid card for Bitcoin believers

Prepaid Bitcoin last week announced the official launch of a prepaid Bitcoin card. In a news release, Prepaid Bitcoin founder and CEO Josh Agho said the attraction of his product is that, "Our prepaid cards put Bitcoin within reach of...

Canadian Mint wants to sell digital currency creation

The Royal Canadian Mint has decided to end its experiment with digital currency and wants to sell the technology it developed to a private company, according to multiple media reports. The MintChip cryptocurrency is linked to the Canadian dollar and...

PayStand ends beta, raises $1 million in seed funding

PayStand, which calls itself a next-generation online payment solution, today launched its service enabling organizations to accept multiple payment options online without transaction fees to the merchant. The company said in its press release it is the first and only...

Square adds bitcoin acceptance to online marketplace

Square recently announced that merchants selling goods and services on its online marketplace, Square Market, can now accept bitcoin for payment, the mobile provider said via its engineering blog. "For sellers, the experience won't feel any different. Whether selling services...

Jumio creates Bitcoin security network

Jumio Inc., a credentials management tech company, today announced the formation of the Bitcoin Identity Security Open Network. Initial members of the network include eight Bitcoin exchanges, wallets and ATM providers worldwide: BitAccess; SnapSwap; CoinMkt; Digital Currency Exchange of Texas;...

IRS rules virtual currencies are property

The Internal Revenue Service Tuesday issued a notice that virtual currency is treated as property for U.S. federal tax purposes. In some environments, virtual currency operates like "real" currency — i.e., the coin and paper money of the United States...

ECB says virtual currencies can't be ignored

Virtual currency schemes should not be ignored or dismissed as they continue to become more popular worldwide, a member of the European Central Bank's executive board said in a speech Monday at the ECB/Banca d'Italia Workshop on Interchange Fees. "In...

Virtual currency exchange Vircurex suspends withdrawals

Beijing-based virtual currency exchange Vircurex suspended withdrawals Monday as it claimed it did not have the necessary reserves to fulfill customer requests, the company said over the weekend in a statement on its website. Vicurex said the balance freeze is...

Mt. Gox finds some missing bitcoins

Mt. Gox, the Japan-based Bitcoin exchange that filed for bankruptcy last month, said in a statement late Thursday it found some 200,000 bitcoins worth about $114 million in an old digital storage file. The company's discovery represents about 24 percent of the bitcoins Mt.

Revel Systems POS platform adds Bitcoin integration

Revel Systems, an iPad POS provider, has added Bitcoin integration to its platform. Now, users of the Revel POS can accept bitcoins as payment, giving their customers even more ways to pay. According to a news release, Revel is currently...

Mint integrates Bitcoin wallet into personal finance app

Bitcoin wallet provider Coinbase and Mint, Intuit's personal finance app, have partnered to allow users to view their Bitcoin transactions processed by Coinbase alongside their traditional financial accounts. U.S.-based Coinbase supports 840,000 Bitcoin wallets, while Mint links to 20,000 banks,...

Germany's Coino enters crypto-currency marketplace

A new digital currency called Coino entered the crypto-currency market on Jan. 18. According to a press release, Coino was conceived in part by a German online marketing agency with revenues of Euro 8 million ($10.9 million) per year.

KryptoKit releases Bitcoin merchant directory

Bitcoin online wallet provider KryptoKit is providing a shopping directory of e-commerce websites that accept Bitcoin for payment. Toronto-based KryptoKit specializes in encryption and digital currencies. KrypoKit announced its Bitcoin shopping directory at the first North American Bitcoin Conference in Miami on Jan.

NBA's Sacramento Kings accepting Bitcoin

The Sacramento Kings, a U.S. professional basketball team, said it has become the first professional sports franchise to accept Bitcoin.

South Korean Bitcoin exchange receives $400k Silicon Valley investment

The South Korean Bitcoin exchange Korbit has raised $400,000 from a number of well-known Silicon Valley angel investors. According to beSUCCESS, the list is: DFJ's Tim Draper, AngelList's Naval Ravikant, SV Angel's David Lee, Pietro Dova of XG Ventures, Michael...

Wells Fargo launches Bitcoin consultative group

Wells Fargo has set up a group of experts to discuss rules of engagement with Bitcoin, according to the Financial Times. The group is made up of finance executives, virtual currency experts and representatives of the U.S.

Bitcoin payroll API released by Bitpay

Bitcoin processor Bitpay has released the beta version of its Bitcoin payroll API (application programming interface) for employers that enables employees to receive a portion of their net pay in Bitcoin. Atlanta-based BitPay enables merchants to accept Bitcoins as a...

Overstock.com partners with Coinbase for Bitcoin acceptance

The online discount retailer Overstock.com has partnered with Bitcoin wallet provider Coinbase to add Bitcoins to the range of payment options available on its website. Coinbase, which said it has 19,000 business customers, allows merchants to accept customers' Bitcoins as...

Alibaba, Bundesbank add to Bitcoin setbacks

Taobao, a subsidiary of Chinese online marketplace Alibaba, has banned Bitcoin as well as Bitcoin mining software and related material, citing new government regulations, according to the South China Morning Post. The ban takes effect on Jan.

Bitcoin price spikes on Zynga test

Bitcoin prices passed $1,000 on Monday, Jan.

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