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What is Auroracoin? Based on Litecoin, an alternative to Bitcoin, Auroracoin is one of the first serious attempts to use virtual currency in order to save Iceland’s failing economy. Auroracoin was created by a person who uses the pseudonym Baldur Friggjar Odinsson. The...

Tera Group Incorporated has created a legal framework for Bitcoin swaps, according to Bloomberg. This could actually allow investors to trade based on how Bitcoin performs against “real” currency. Tera Group’s Goal In a statement, the Summit said that the terms for a multimillion...

Vircurex, a small Bitcoin exchange in Beijing, released a statement in which it said that accounts held by customers will become frozen today. This is due to the fact that large withdrawals over the past few weeks have almost used up all of Vircurex’s funds. In the last year, the...

CoinReport’s Bitcoin Weekly DirectPool: The New Mining Pool This week started of with DirectPool. A brand new and exciting Bitcoin mining pool that has entered the bitcoin mining arena. DirectPool says it is the next generation mining pool that has a low pool fee and a goal...

 BTC-e, a popular Bulgaria-based Bitcoin exchange, announced on Friday that it will allow users to withdraw funds to VISA or MasterCard credit/debit cards. BTC-e says on its website, “We are pleased to announce that for your convenience, we have implemented a new payout system...

Ex-Bitcoin exchange Mt Gox has made an announcement on its website that it has “found” 200,000 bitcoins. This statement was made over a week after Mt Gox filed for bankruptcy protection citing that the exchange had lost 750,000 of its customers bitcoins and 100,000 of its own. Mt...

The Securities and Exchange Commission(SEC) is operating an inquiry to gambling website SatoshiDice’s Bitcoin stock sale. According to Bloomberg, this decision was made after the SEC indicated that these dealings could perhaps break American laws. The SEC sent a letter to bitcoin...

On Wednesday, the software behind Bitcoin’s network was upgraded with security additions addressing transaction malleability. Mt.Gox had blamed this particular issue for causing them to lose around half a billion dollar worth of bitcoins. Bitcoin Software: More Security...

Hikmet Ersek, CEO of money transferring giant Western Union, spoke about his feelings on digital currencies. On Fortune Finance, Hikmet Ersek said about digital currencies: “They could take off in developed countries first, but a lot of issues need to be addressed before they go...

Cyprus joins the worldwide evaluation on Bitcoin and has recently given its input on the digital currency. According to incyprus, the Central Bank and the Ministries of Finance and Commerce have just issued a Bitcoin warning to the public. Warning Issued Against Bitcoin in Cyprus...