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Bitcoin Foundation vice-president arrested for money laundering

Bitcoin Foundation vice-president arrested for money laundering

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Charlie Shrem, CEO of Bitcoin exchange BitInstant, has been arrested in connection with money laundering. Shrem, also vice-president of the Bitcoin Foundation, was arrested on suspicion of selling over $1 million in bitcoins to Silk Road website users.... >>

Bitcloud wants to decentralise the internet, will pay you to help

Bitcloud wants to decentralise the internet, will pay you to help

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Bitcloud, using the same method used to create Bitcoins, plans to rebuild the internet so it's no longer controlled by internet service providers, governments and corporations. This decentralising will mean users perform tasks like storing, routing and... >>

Bitcoin payments now accepted at two Las Vegas casinos but for hotel check-in only

Bitcoin payments now accepted at two Las Vegas casinos but for hotel check-in only

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Las Vegas has stepped into the 21st century, with two casino hotels now accepting Bitcoin in exchange for accommodation. The Golden Gate and The D will now accept the virtual currency, though only at their front desks. Guests can use Bitcoin to pay for... >>

Bitcoin exchanges in India halted after country's reserve bank issues warning

Bitcoin exchanges in India halted after country's reserve bank issues warning

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While some have proclaimed their interest and acceptance of the virtual currency Bitcoin, others have shunned and started to ban it, including, most recently, India. One month after Sir Richard Branson, the founder of Virgin Group, announced that Virgin... >>

First Bitcoin ATM launches in Canada

First Bitcoin ATM launches in Canada

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The first Bitcoin ATM has launched in a Vancouver coffee shop, thanks to company Bitcoiniacs which plans five more machines for the rest of Canada. The machine can scan a user's hand and allow them to transfer up to $1,000 a day in hard currency and Bitcoins.... >>

Top Bitcoin exchange halts trading to allow markets to recover

Top Bitcoin exchange halts trading to allow markets to recover

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Bitcoin has been grabbing all the headlines of late, with the web-based currency's rocky trading record causing all sorts of losses for investors. Now, Mt. Gox, the main Bitcoin trading exchange, has halted trading. The exchange explains that it needs... >>

What is Bitcoin?

What is Bitcoin?

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Much has been written about Bitcoin of late. About how it is crashing one minute and not the next, and how people are losing real cash through its widely variable rates. But what is Bitcoin? From where has this strange currency suddenly sprung, at least... >>