Blockchain

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/Blockchain

US State Representative adopts Bitcoin donation system

US State Representative Mark Warden has added a Bitcoin donation system to his campaign Website, marking the first use of the decentralised virtual currency system by a sitting incumbent politician.

/Blockchain

Users sue Bitcoin exchange over $460k in missing funds

Bitcoin exchange Bitcoinica is being sued by four former users who allege they are owed nearly half a million dollars-worth of the virtual currency, plus damages.

/Blockchain

Bitcoin exchange loses $90,000 in virtual currency hack

Bitcoin exchange Bitcoinica has shut down its operations after an online hacker breached its defences and stole $90,000 worth of the virtual currency.

/Blockchain

EU names and shames national authorities lagging on e-money rule changes

Six EU member states - Belgium, Spain, France, Cyprus, Poland and Portugal - have been threatened with legal action by the European Commission unless they comply with one-year old rules on e-money issuance.

/Blockchain

Royal Canadian Mint unveils MintChip virtual currency; launches development competition

The Royal Canadian Mint has unveiled a 'digital currency' called MintChip, inviting developers to build applications using the new form of cash.

/Blockchain

Bitcoin exchange TradeHill sues Dwolla

TradeHill, the Bitcoin exchange operator which closed down last month, has filed a lawsuit against digital payments outfit Dwolla, seeking $2 million in damages.

/Blockchain

Google scrapped plans for virtual currency over regulatory concerns

Google chairman Eirc Schmidt says the Internet search giant once considered creating its own peer-to-peer money system, dubbed Google Bucks, but binned the idea because of regulatory concerns.

/Blockchain

Paxum ditches Bitcoin as Tradehill exchange shuts down

Bitcoin's tribulations continue, with e-wallet provider Paxum ceasing all business involving the virtual currency after coming under pressure from MasterCard and banks, and major exchange TradeHill shutting down.

/Blockchain

American Express files virtual currency patent

American Express has filed a patent for a system and method for using loyalty rewards as a currency.

/Blockchain

Facebook to extend Credits currency across the Web

Facebook is seeking to extend the reach its virtual currency, teaming up with developers to test Credits outside of the social network.

/Blockchain

Bitcoin POS system developed

A point-of-sale system, based on a VeriFone terminal, which enables retailers to accept virtual currency Bitcoin has been developed.

/Blockchain

Citi slaps down Bank 2.0 rivals in Innotribe face-off

Financial heavyweight Citi has faced off a challenge to old-bank hegemony with a powerful display of its technological prowess that knocked the wind out of a room-full of Bank 2.0 innovation gurus and digital evangelists at an Innotribe session at Sibos in Toronto.

/Blockchain

Ven digital currency to be displayed on Thomson Reuters terminal network

Online collaboration community Hub Culture is to make its Ven digital currency product available on Thomson Reuters data network and desktop terminals globally.

/Blockchain

Microsoft presses RBA on virtual currencies

Microsoft is pressing the Reserve Bank of Australia to consider adjustments to the domestic payments markets to help consumers conduct transactions in virtual currencies, such as Facebook Credits and Microsoft Points.

/Blockchain

South Korea arrests five over online gaming scam

South Korean police have arrested five members of a gang accused of using computer hackers from North Korea to steal millions of dollars in online gaming points.

/Blockchain

US customs agents turn away Bitcoin-dependant visitor

A person claims he was refused entry into the United States because authorities refused to believe that he was planning to fund his two month stay using the Bitcoin virtual currency.

/Blockchain

Phoney Bitcoins caused MT Gox virtual currency crash

Virtual currency exchange MT Gox says that an anonymous hacker used phoney Bitcoins to flood the market and drive down prices causing a spectacular market crash last month.

/Blockchain

Germans to vote for Big Brother winner using Facebook Credits

Germans watching the latest series of reality TV show Big Brother will be able to vote for their favourite Z-list celebrity-in-the-making using Facebook Credits.

/Blockchain

Paypal calls time on physical wallet

Within four years consumers will be able to leave their wallets at home as digital currencies supplant traditional payment methods for shopping at retail stores, according to forecasts from PayPal.

/Blockchain

Bitcoin value crashes after exchange compromised

The value of peer-to-peer virtual currency Bitcoin has plummeted after an account at MT. Gox, an exchange for the digital money, was compromised and a large amount of coins sold off.