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Chinese Bitcoin market confidence has been struck with a massive blow after Japanese bitcoin exchange MtGox acknowledged that it will file for bankruptcy. This has lead to many Chinese investors questioning Bitcoin’s liability, according to XinHua.net. On February 25th,...

MtGox Files for Bankruptcy MtGox has revealed that it was going to file for bankruptcy protection. About 750,000 of its customers’ bitcoins and 100,000 of its own have been lost. The market value of this damage is tremendous. It totals to about $473 million in losses. This news...

Michell Abner Espinoza and Pascal Reid were charged with alleged money laundering and engaging in unlicensed money service businesses back on February 6th. The two southern Florida men used bitcoins in their scheme to conduct the illegal activity. According to their lawyers, the...

Janet Yellen on Bitcoin Federal Reserve Board chairwoman Janet Yellen told Congress that the Federal Reserve has no authority or supervision over the regulation of bitcoin. As she testified before the Senate Banking Committee, Yellen was asked about bitcoin’s potential...

MtGox Investigations Begin Japanese Officials Break their Silence Following the collapse of MtGox on Tuesday, Chief Cabinet Secretary Yoshihide Suga issued Japan’s first official statement on the matter. Before declining further comments, he told reporters: At this stage...

Details of the Toronto Bitcoin Expo Founded by Anthony Di Iorio in April 2013, the Bitcoin Alliance of Canada has recently announced new updates for the Toronto Bitcoin Expo. This event will be held from April 11 to April 13. The Expo will be the first large event to invite...

Cyprus Central Bank The Cyprus Central Bank has finally announced that bitcoin is not illegal. However, they did stress the risks that can occur when dealing in unregulated currencies. The Central Bank told Cyprus Mail: “Bitcoin is not illegal, but at the same time neither...

In a letter sent to the Treasury, Federal Reserve and several financial regulatory agencies, senator Joe Manchin calls the bitcoin digital currency “disruptive to our economy.” He claims bitcoin is risky for its potential use in criminal activity, and that it should...

Karpeles’ Private Chat The failing bitcoin exchange Mt. Gox’s CEO Mark Karpeles has spoken through a web chat revealing little about what is going on with the exchange. He told an industry consultant on Tuesday that he has no plan of calling it quits regarding the troubled...

Would you believe that a shoe maker knows more about fixing clothes than a tailor? Apparently, Bruce Richards of Marathon Asset Management would, as he, who doesn’t know what Bitcoin is, was seen on Bloomberg Television’s “Market Makers” explaining what...