EBA warns banks to stay away from virtual currencies for now

European financial institutions should avoid dealing with virtual currencies such as bitcoin until there are proper regulations in place, the European Banking Authority warned in a document it released on July 4. The authority did admit in the document virutal currencies have their benefits, but the risks involved far outweigh them.

Venture capitalist wins Silk Road Bitcoin auction

Venture capitalist Tim Draper revealed Wednesday that he won last week's US Marshalls auction of some 30,000 bitcoins the agency seized after it shut down Silk Road, an undergroud online marketplace that was notorious for selling illegal drugs. Vaurum, a...

Newegg, 1-800-FLOWERS add bitcoin acceptance

Newegg and 1-800-FLOWERS today revealed in seperate announcements that they now accept bitcoin as a payment option. Newegg, a popular online computer hardware and software retailer, partnered with BitPay to enable bitcoin acceptance.

GAO recommends CFPB examine Bitcoin

The U.S. Government Accountability Office wants the Consumer Financial Protection Bureau to keep a keen eye on Bitcoin and other virtual currencies as their use by consumers continues to grow. The GAO is most concerned about the risks involved with...

BitPay to sponsor college football bowl

College football postseason bowls often carry unusual retailer sponsorships, but the St. Petersburg Bowl just got itself a unique partner that will have many viewers scratching their heads: Bitcoin. BitPay and ESPN Events today announced the bitcoin processor will sponsor...

Digital River's online merchants now can accept bitcoin

Digital River Inc., a global provider of commerce-as-a-service solutions, today announced it has added bitcoin as a payment option for merchants that are selling online in the United States and using its small to mid-sized commerce solution. Bitcoin will now...

Social gifting company eGifter announces new product suite for merchants

Social gifting company eGifter announced today the release of a new digital gift card platform geared specifically for small and medium businesses that works as a hosted solution for both online and brick-and-mortar retailers, according to a press release. The...

Travelers can pay for hotels on Expedia using bitcoin

Add Expedia to the growing list of large online shopping outlets that are now accepting bitcoin to pay for goods and services. The travel site Tuesday announced users can use bitcoin to pay for hotel reservations, according to several published...

BitPay helps Hester Street Fair accept Bitcoin

Digital currency solution provider BitPay has announced a partnership with Hester Street Fair, an outdoor marketplace in New York City. According to the company, many of the fair’s vendors are accepting Bitcoin in hopes of catering to the younger demographic...

Bitcoin turns Japanese, turns around losing streak

Tokyo, once home to the world’s largest Bitcoin exchange — the now-defunct Mt. Gox — is now finally home to a Bitcoin ATM. A Robocoin machine was installed last week at The Pink Cow, which Tech in Asia describes as...

Expect Bitcoin to have an impact going forward

Payments markets should expect Bitcoin-related technologies to cause long-term disruption, two analysts with Wedbush Securities concluded in a research note. Gil Luria and Aaron Turner wrote in the note they expect Bitcoin disruption will take longer than expected to have...

DISH Network to accept bitcoin payments later this year

DISH Network today announced it will become the largest company to accept bitcoin. As the first subscription model pay-TV provider to make this move, DISH will begin accepting bitcoin payments from customers starting in the third quarter, according to a...

Pheeva Bitcoin wallet gets Gyft gift card access

Pheeva Bitcoin wallet users now have access to more than 200 retail gift cards thanks to an integration with Gyft, according to multiple reports. Gyft is a mobile gift card company that accepts bitcoin for payment. Pheeva's integration is part...

Africa to get first Bitcoin ATM this month

This week, South Africa’s Za Bitcoin ATM announced that it will install the continent’s first Bitcoin ATM sometime toward the end of May. From the company’s post on the BitcoinTalk bulletin board: Our company ordered a Lamassu Inc Bitcoin ATM/vending machine around mid Feb this year.

ECB says the euro is far superior to cryptocurrencies

The European Central Bank does not believe cryptocurrencies such as bitcoin are a threat to the euro. Yves Mersch, an executive board member at the bank, made the comments during a speech earlier this week at Cash Symposium 2014 in...

Bitcoin ATM companies roll out new products prior to Amsterdam meet-up

In advance of the Bitcoin Foundation-organized Bitcoin 2014 conference May 15–17 in Amsterdam, several of the world's proliferating Bitcoin ATM providers announced new product rollouts this week. BitXatm A new Bitcoin ATM by German provider BitXatm lets the deployer decide...

CEO of eBay considers adding Bitcoin integration to PayPal

Bitcoin integration soon might happen on eBay. The company's CEO this past week told shareholders at an annual meeting that it is "actively considering" integrating the digital currency with PayPal, eBay's payment arm. "Exactly how that plays out, and how...

BitPay raises $30 million in funding from Branson and Yahoo co-founder

Bitcoin processor Bitpay has raised $30 million in funding from a group of investors that includes Sir Richard Branson and Yahoo co-founder Jerry Yang, according to a report in the Wall Street Journal. Bitpay CEO Tony Gallippi told the newspaper it will use the funding to expand internationally.

The Bitcoin ATM makes a Congressional appearance

It's up for debate whether U.S. legislators will buy into the concept behind Bitcoin — the digital currency that the government is still trying to wrap its head (and regulations) around.

Research: Can Bitcoin succeed?

The mixed news and reviews of Bitcoin leave the public to wonder: Is Bitcoin on its last legs, or will it become a part of the mainstream payments infrastructure? What problems does this new currency solve compared with those that...

Showing (141 - 160) of 192

Get the latest news & insights


NEWS

RESOURCES

TRENDING

FEATURES

How the EA Star Wars video game fiasco can be a lesson for banking, fintech