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Bitcoin Bank Closes After Hacked After a hack attack this past Sunady, bitcoin bank Flexcoin was forced to close its doors. Hackers stole 896 bitcoins, worth £365,000. On Tuesday morning, the company shut down its website and posted the following statement: “On March 2nd...

Japan to Tax Bitcoin Transactions After Tokyo-based Bitcoin exchange MtGox failed to protect itself and its customers, Japan is considering ways to tax Bitcoin transactions. The Yomiuri Shimbun, a Japanese newspaper, said that the national tax agency and the finance ministry are...

Benjamin Lawsky, the superintendent of New York’s Department of Financial Services, has said that MtGox’s demise will strengthen Bitcoin in the end. Lawsky has also proposed BitLicense, a method of regulating Bitcoin companies. Lawsky told Reuters, “It’s on the one...

MtGox Issues New Statement MtGox, Tokyo based bitcoin exchange, filed for bankruptcy protection on February 28th, after having revealed that they had lost the bitcoins of not only their customers, but also their own. The bitcoin exchange has remained consistent throughout its...

Warren Buffett Not a Fan of BTC Legendary investor Warren Buffett claims that bitcoin is “not a currency.” He is not impressed with the volatility of the digital currency. The investor says that since bitcoin’s pricing is based on the US dollar, it can’t...