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Safe, Simple, Safello. New bitcoin exchanges are popping up all over the world, strategically positioning themselves to take on the leaders of the industry. Safello is one of these newer exchanges, but one with a difference. It is often said that bitcoin exchanges are too...

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...

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...

After having filed for bankruptcy protection just last week, MtGox announced yesterday, March 2nd, the opening of a call center on its website. Falling apart, the troubled exchange filed for bankruptcy protection with the Tokyo District Court Friday. Approximately 750,000...

No Bitcoin Tax on Trades The HM Revenue & Customs in Britain said it will not enforce a 20% value-added tax on bitcoin transactions. The Financial Times reported that in a meeting with UK bitcoin traders, the HMRC tax collection agency said it would put an end to the VAT....

World’s First Physical Bitcoin Store The first ever physical bitcoin store is open for business in Hong Kong. The Chinese retail shop opened its doors on February 28th of this year, and allows for the sale of the digital currency. Located in the western district of Sai Ying...

eBay Bitcoin Scam An eBay user was conned out of his bitcoins worth £5,300. eBayer Will Phillips fell victim to a scam which involved hacked PayPal accounts and bitcoins. Phillips says he is being chased for the money he owes. Last fall, Phillips became attracted to bitcoin, as...

Raging Bulls of Bitcoin still prepared to fight in the arena of global currencies. This past week, we have read the obituaries of bitcoin, seen the protests outside MtGox, and lamented for those who lost their shirts with it’s failure. Despite all this those who believe in...

Food Bank Accepts Bitcoin Donations Capital Area Food Bank is a charity that helps to feed over 48,000 people. Each dollar donated to the food bank is stretched out to buy $5 worth of food. The food bank has begun using a bitcoin donation strategy, and claims to be the first US...