Iceland’s Genesis launches first bitcoin mining fund

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Genesis Mining, which provides computer equipment to create bitcoins in the cloud, on Thursday launched the world’s first fund that invests in hardware used to create the digital currency. Bitcoins are created through a “mining” process involving computer algorithms on equipment owned or rented out by companies such as Iceland-based… Read more »

Bitcoin sinks after hackers steal $65m from exchange

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Bitcoin plunged after one of the largest exchanges halted trading because hackers stole about $65 million of the digital currency. Bitcoin slumped 5.3 percent against the dollar as of 10:17 a.m. on Wednesday in Tokyo, bringing its two-day drop to 13 percent. Prices also sank 6.2 percent on Monday, although… Read more »

Bitcoin can be risky business in India: Nilam Doctor, GreenCoinX

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Canada-based cryptocurrency startup GreenCoinX recently received approval from Isle of Man, a self-governing British Crown dependency, to start operations. GreenCoinX was founded in 2012 by Nilam Doctor, who developed digital currency which is traceable and removes the anonymity that Bitcoin had become associated with. The company was earlier based out of… Read more »

Stakes are high in hunt for bitcoin’s “messiah”

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  The stakes are high in the hunt for Satoshi Nakamoto, the person or people behind bitcoin, not just for the journalist who gets it right first, but also for the cryptocurrency itself. An Australian entrepreneur and academic, Craig Steven Wright, is the latest candidate, outed in articles by Wired… Read more »

Philippines’ fintech startup Satoshi Citadel acquires BuyBitcoin.ph

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Philippine-based financial technology (fintech) startup Satoshi Citadel Industries (SCI) said Monday that it had acquired BuyBitcoin.ph – the first Bitcoin exchange in the country. BuyBitcoin.ph is a peso to bitcoin “over-the-counter” exchange which allows Filipinos direct access to buying and selling the digital currency. The company was founded in January 2014… Read more »

Bitcoin the future for transactions: David Moskowitz

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Bitcoin, the digital commodity currency, transaction protocol and a masterpiece of cryptocurrency innovation, has generated controversy worldwide. Some countries have banned it, while others like Germany, Hong Kong and Singapore have embraced it. It’s influence has been growing in recent years, especially in the emerging markets of Southeast Asia. David… Read more »