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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...

The Fortress Investment Group, a global investment management company, bought $20 million worth of Bitcoin back in 2013 according to a SEC filing. This makes the Fortress Investment Group the first company to account a venture into the digital currency’s realm. However, since the...

The executive director of the Bitcoin Foundation, Jon Matonis, says that Bitcoin is still in beta form. In fact, because of this, he says that people should only invest in Bitcoin the amount of money they can afford to lose. Speaking about Bitcoin, Matonis told CNN,...

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...

According to Businessweek, a few days after Mt. Gox shut down amid crisis; Tembusu Terminals Pte has installed Singapore’s first Bitcoin ATM. The ATM was set up at a bar called “the Spiffy Dapper” in the Boat Quay district. Tembusu has said that it’s in talks...

Penny Stocks for Dummies The author of “Penny Stocks for Dummies”, Peter Leeds, speaks out about bitcoin and other digital currencies in circulation. A publisher of a newsletter focusing on risky investments, Leeds believes that it is unlikely that bitcoin will ever get better...

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...