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Briefly: Bitcoin value in Google search, Google Play Music expands

07/16, 7:06am

Bitcoin added to currency conversion options in Google search

Google has updated its currency-based searches to include results for Bitcoin. Coindesk reports reports the search company is now working with digital wallet service Coinbase to track the price of the digital currency and perform currency conversion functions, just as Google Search does for other currencies. The same conversion can also be performed by the Google Search mobile apps.

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Bitcoin Foundation hires DC lobbyists to demystify cryptocurrency

07/12, 12:19pm

Feds lean against Bitcoin, task may be monumental

The Bitcoin Foundation has launched an initiative to educate the US government on cryptocurrencies. The advocacy group has retained the Thorsen French Agency to "introduce Bitcoin and the foundation to Capitol Hill offices, demystify our favorite protocol, explain its benefits, and show that there is a community of serious, thoughtful people and businesses working to deliver those benefits to the United States and the world."

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Newegg jumps aboard the Bitcoin payment bandwagon

07/01, 4:35pm

Internet electronics retailer starts taking Bitcoin through partnership with BitPay

Newegg, one of the Internet's largest retailers of all things electronic, announced today that it is now accepting payments with the Internet currency Bitcoin. In a release from the company, Newegg says that customers can begin using the cryptocurrency to pay more than 10.5 million products the company carries.

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California reverses ban on alternative currencies

06/30, 1:37pm

Currencies like Bitcoin, Dogecoin now legal to put into circulation in the state

Last week, California Governor Jerry Brown signed bill AB 129, regarding the definition of "lawful money," into law. The bill effectively ends a ban on alternative currencies in the state, meaning online currencies such as Bitcoin, Dogecoin and other cryptocurrencies can now be used in commerce transactions. The bill modifies California Corporations Code 107, which previously banned currencies that were "anything but the lawful money of the United States."

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Mt. Gox CEO speaks on liquidation, thoughts on company purchase

06/29, 4:58pm

Mark Karpel├Ęs ends silence on downfall, worried about remaining customer funds

Since the announcement of the Mt. Gox bankruptcy filing in February, CEO Mark Karpel├Ęs has remained silent on his feelings and events surrounding the Bitcoin exchange. That changed this week when he gave an exclusive interview to the Wall Street Journal, indicating that he was "scared, frustrated and angry" upon learning the extensive losses the exchange faced.

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US Marshals Service Silk Road Bitcoin auction process complete

06/28, 11:15am

Winners of seized property to be notified on Monday

The US Marshals Service has completed its auction of the Bitcoins it seized from the raid and shutdown of alleged online drug marketplace Silk Road. The 12-hour auction consisted of nine blocks of 3,000 bitcoin, and one block of 2,757 bitcoins. At current exchange rates, the auction was valued at $17.7 million dollars.

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Bitcoin trading apps reappear in App Store following policy change

06/16, 5:48am

Coin Pocket is first App Store Bitcoin wallet after Apple altered App Store rules

Bitcoin apps taking advantage of Apple's recent rule changes concerning virtual currencies have started to appear in the App Store. Coin Pocket, a bitcoin wallet similar to others previously pulled by Apple before the company changed its policy, can be used to send and receive the currency, includes a "private key sweep" for quicker transfers, and adds a currency conversion checker.

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US Marshals holding auction for 29,656 Bitcoins seized from Silk Road

06/13, 9:05am

Bitcoin pool seized during Silk Road takedown expected to fetch over $17M

The United States Marshals Service will be selling off the collection of Bitcoin it seized following the take-down of black-market drug site Silk Road. Almost 30,000 Bitcoins will be sold in the online auction on June 27th, with the pool estimated at current exchange rate prices to be worth a total of $17.91 million at the time of writing, down from the $27 million it was originally expected to fetch during initial reports of the sale in January.

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Expedia allowing customers to book hotel reservations with Bitcoins

06/11, 7:27pm

Coinbase partnership allows travel booking company to accept online currency

Travel reservation company Expedia has jumped aboard the Bitcoin train to allow travelers to book their hotel stays with the virtual currency. Teaming up with Coinbase, Expedia will now show Bitcoins as a payment option up against other payment forms, such as credit cards and PayPal. Expedia joins the likes of Overstock.com and Dish Network in allowing their customers to pay with the Internet currency.

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Bitcoin evangelist pays SEC to settle unregistered securities charges

06/04, 4:24pm

Agreement requires Erick Voorhees to surrender profits, pay $35000 in fines

Erik Voorhees, a co-founder of FeedZeBirds and SatoshiDice, has settled with the United States Securities and Exchange Commission (SEC) over charges related to selling shares of the two companies. Information from the SEC says that Voorhees had solicited the sale of shares in open channels as early as 2012, netting himself over $15,000 in profit in the process.

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App Store changes pave way for Bitcoin, other digital currencies

06/03, 9:33am

New rules simply require compliance with local laws

Apple has quietly changed rules at the App Store to allow for digital currency transactions to take place within apps, Reuters notes. The rules now state that apps "may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions." Apple hasn't identified which currencies it will allow.

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Dish Network deal will allow customers to pay bill with Bitcoins

05/29, 5:59pm

Deal with Coinbase allows bitcoin transactions from customers

Satellite provider Dish is teaming up with Coinbase to allow its customers to pay bills with Bitcoins. The deal makes Dish the largest company to date to accept the Internet currency for service transactions. Dish's deal follows other such agreements with Coinbase including online retailers Overstock.com and Tiger Direct.

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Mt. Gox holding company looking to sell trademark on 'bitcoin'

05/29, 4:52pm

Karpeles owned Tibanne looking to package Japan, EU trademarks for $1 million

The holding company that has taken over the bankrupt exchange Mt. Gox is looking to offload its trademarks on 'bitcoin' and associated websites. The trademarks registered in Japan and the European Union are included according to a statement from an executive in the company. Tibanne hopes the packaged trademarks will fetch around $1 million in a sale.

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Andrew 'weev' Auernheimer demands 28,296 Bitcoin from US Government

05/20, 7:53pm

Conviction tossed on inappropriate venue, Auernheimer demands recompense

The man accused of hacking personal information out of AT&T servers by the federal government, Andrew "weev" Auernheimer, is demanding that the US Government pay 28,296 Bitcoins ($13.9 million at today's exchange rate) for his time in federal custody. Auernheimer wrote on his Twitter account that "it is time, now that the fraud and violence committed against me has been exposed by the appeals process, to begin making amends to me."

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Appointment of new Bitcoin Foundation head marred by resignations

05/16, 7:10pm

Child star Brock Pierce slammed for heavy debt, sexual misconduct allegations

The Bitcoin Foundation is seeing an exodus of members in the wake of the appointment of heavy Bitcoin investor and former Disney child star Brock Pierce as the new director of the foundation. The departures, on the eve of the cryptocurrency's annual conference, are based on a variety of allegations, including misconduct allegations against Pierce from as early as 2000, in addition to other allegations of misconduct among foundation members.

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Circle launches as user-friendly, insured Bitcoin storage service

05/16, 8:36am

Enhanced security, money laundering monitoring in free Circle Bitcoin storage

A start-up is attempting to make Bitcoin more accessible, by launching its own online bitcoin storage service. The Boston-based Circle allows users to purchase Bitcoin, store it in their account, and transfer to other Bitcoin accounts or users, with the service attempting to offer a more user-friendly approach when compared to other digital wallet services.

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Richard Branson funds Bitcoin exchange Bitpay with $30 million

05/13, 8:50am

'PayPal of Bitcoin' recipient of largest digital currency capital investment

Entrepreneur Richard Branson has invested in a large Bitcoin payment service. Along with Yahoo founder Jerry Yang, Branson and compatriots have put $30 million into the Bitpay exchange, giving the service the biggest venture capital investment in crypto-currency's short life.

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SEC offers list of Bitcoin risks topped by fraud, regulation issues

05/07, 3:27pm

Investor alert issued to raise investor awareness of virtual currency risks

The United States Securities and Exchange Commission (SEC) has issued another investor alert on Bitcoin that follows on from a previous publication. Both warn potential investors of the risks of the virtual currency. Offering a long list to support their alert, the SEC draws more references to the Ponzi scheme nature of the currency, the probability of fraud and what the lack of regulation means.

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US Government lists Bitcoin among technologies for terrorism research

05/05, 7:45pm

CTTSO solicits vendors for program to aid military understanding of technologies

A division of the Department of Defense is investigating cryptocurrency, including Bitcoin, for possible links to crime and terrorism activities, according to an article from the International Business Times. The Combating Terrorism Technical Support Office, a department responsible for developing and investigating counterterrorism abilities, created solicitation number N41756-14-Q-3272 in order attract vendors to aid military branches in understanding the developing technology.

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Briefly: Neversoft, Infinity Ward merge, Bitcoin ATM hits Seattle

05/04, 5:45pm

Studio responsible for Tony Hawk games folds into Infinity Ward

Video game developers Neversoft and Infinity Ward will see their positions as independent studios under Activision Publishing come to an end, as the two studios merge under the Infinity Ward banner. Neversoft, mostly known for its work on the Tony Hawk Pro Skater series, helped Infinity Ward with the latest installment of the Call of Duty franchise game Ghosts. The Neversoft name will be retired after existing for almost 20 years. The studio was acquired by Activision in 1999.

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Bitcoin class action plaintiffs offered percentage of rebuilt Mt. Gox

04/29, 6:26pm

Offer would conclude class action suit by US, Canadian customers

Bitcoin holders in the US and Canada, holding balances with now-shuttered Mt. Gox, are settling class actions against the exchange. The plaintiffs are agreeing to a proposal by investment company Sunlot Holdings to buy the exchange, and become part owners of the recovered exchange, according to court filings.

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Effort arises to save Mt. Gox Bitcoin exchange from dissolution

04/17, 7:30pm

Savegox website pops up, proposing case to resurrect Mt. Gox

A seemingly grass-roots effort has been launched to save bankrupt Bitcoin exchange Mt. Gox. The "savegox" website has cropped up, launched by an unnamed group of investors, with the goal of providing "restitution to customers" and as an added benefit to "restore faith in the digital currency." Approximately 750,000 Bitcoins belonging to customers and 100,000 coins belonging to the exchange, valued at over $450 million dollars as of March 1, were said to be lost in the hack when the Mt. Gox systems were breached unnoticed over the course of several years. Mt. Gox says there was a also $27.4 million discrepancy in its bank accounts as of Monday.

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Bitcoin CEO challenged in 2012 about irregular finances by employees

03/31, 10:47am

CEO Mark Karpeles questioned by six employees about expenses, cash flow

The problems with shuttered and bankrupt Bitcoin exchange Mt. Gox may have been evident to employees as early as two years before its well-publicized meltdown. Six employees reportedly confronted CEO Mark Karpeles over money-handling in the organization, with the group alleging that customer funds were being diverted improperly to other expenses, such as a 3D printer, and a modified car imported from the UK for the CEO.

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IRS declares Bitcoin, virtual currencies as property for tax purposes

03/25, 4:10pm

Bitcoin miners required to declare earned virtual currency

The Internal Revenue Service has declared that Bitcoin should be classed as property for tax purposes, and not as a currency. The ruling, which clarifies the tax-related standings for its supporters, can be applied to virtual currencies, with the US government agency also stating that owners may need to pay more tax or deduct a loss depending on what happens to the value of the currency as it is owned.

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Bitcoin exchange Vircurex heads into insolvency, outlines user plans

03/23, 4:00pm

Beijing-based exchange freezes accounts and halts withdrawals

Another Bitcoin exchange has run into financial problems, following in the wake of other recent turmoil surrounding the currency after the collapse of Mt. Gox. Vircurex, based in Beijing, is faced with insolvency, causing the company to immediately halt withdrawals. Starting March 24, the company will put a freeze on all customer accounts.

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Mt. Gox claims it has 'found' 200,000 Bitcoins in 'old wallet'

03/21, 1:48am

Discovery casts doubts on loss claims, accounting standards

The recently-shuttered and allegedly bankrupted Mt. Gox Bitcoin exchange has now said it has "found" nearly a quarter of the total "stolen" Bitcoins stored in a "wallet" -- the term for a digital file used to store the virtual currency -- that the company was no longer using. The 200,000 coins found represent some $115 million of the $470 million (in current trade value) lost by customers when the exchange closed down.

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Mt. Gox files for Chapter 15 insolvency in US

03/10, 1:23pm

Filing intended to stave off at least two lawsuits in US

As expected, following its Japanese bankruptcy disclosure, troubled Bitcoin exchange Mt. Gox has filed for Chapter 15 bankruptcy in the US. The filing will temporarily halt US-based lawsuits. The filing will allow potential investors to look at the exchange without legal ramifications, as well as give the exchange time to resolve some of the problems that cropped up over the weekend.

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Hackers claim stolen Mt. Gox Bitcoin still in exchange's hands

03/10, 9:42am

Documents posted purport 951,115 BTC still in accounting documents

Enraged Bitcoin holders are beginning to take the ongoing dispute with shuttered and bankrupt exchange Mt. Gox into their own hands. On March 9, hackers seized Mt. Gox CEO Mark Karpeles' Reddit account, posting what it alleged was proof that the executive was retaining much of the crypto currency that he claimed was lost to "transaction malleability." Additionally, what may be a separate group offered for sale what was alleged to be a 20GB stolen database from Mt. Gox, which it claimed had personal details of all of its users, including scans of passports used for identity verification.

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Bitcoin exchange FlexCoin shutters, following theft of $620,000 in BTC

03/04, 8:42pm

Third high-profile loss in a week may cause further instability in BitCoin

Yet another Bitcoin exchange has shut down. Flexcoin has shuttered, after disclosing that hackers appropriated 896 Bitcoins from its "hot wallet" on a computer facing the Internet. Customers whose coins were stolen will likely recieve nothing, with a small percentage of users whose coins were in a "cold wallet," not Internet-accessible, have already had their coins reimbursed.

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Mt. Gox admits Bitcoin loss in hack, files for bankruptcy in Japan

03/01, 3:05pm

Total Bitcoins loss said to be 850,000 due to system weakness

Troubled Bitcoin exchange Mt. Gox filed for bankruptcy protection in Japan on Friday, breaking the silence on the company's position since suspending trading on February 24. The firm admits that it may have lost nearly half a billion dollars worth of the virtual currency when its systems were compromised by hackers. Mt. Gox is said to have $64 million in debts.

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Bitcoin-stealing trojan makes jump to popular Mac apps

02/27, 1:02pm

Tied to cracked downloads of popular software

A Mac trojan aimed at stealing Bitcoins -- known as OSX/CoinThief -- has been found attached to pirated copies of more mainstream apps, says security firm ESET. Initially the malware was bundled exclusively with Bitcoin-related tools, but ESET says it has now found CoinThief in cracked versions of titles like Angry Birds, BBEdit, Pixelmator, and Delicious Library.

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US, Japan law enforcement examining situation surrounding Mt. Gox

02/26, 8:19am

Crisis strategy draft 'more or less' legitimate, confirmed by Mt. Gox CEO

While the Mt. Gox "crisis strategy draft" seems to actually be legitimate, further doubt on the future survivability of shuttered BitCoin exchange has been cast by both US and Japanese regulatory agencies and law enforcement. Departments from both countries have either already issued subpoenas, or are starting to look into the facts leading up to and surrounding the recent shutdown, which could cost users and the company itself over $350 million.

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Mt. Gox BitCoin exchange offline; relaunch and rebranding ahead?

02/25, 10:46am

Gox domain purchase, leaked relaunch document point to potential recovery

Headlining BitCoin's struggle for wide acceptance is the saga of Mt. Gox, once the premier exchange for the crypto-currency. Overnight, the exchange went completely down, giving rise to fears of the loss of millions of dollars of the currency. However, somewhat unexpectedly, domain investor Andy Booth has confirmed the sale of the Gox.com domain to Mt. Gox CEO Mark Karpeles, in parallel with the public release of what appears to be a pitch for investors in the exchange to relaunch Mt. Gox as simply "Gox" and offer limited withdrawals as it generates revenue to recover the exchange and repay investors.

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Report: trojan malware spreading, hiding in other Bitcoin apps

02/13, 12:51am

Now being spread through Bitcoin programs found on download.com

The newly-detected OS X malware dubbed "OSX/CoinThief.A," a "trojan horse" that disguises itself as a copy of a legitimate app, has spread to other Bitcoin applications. SecureMac, an anti-virus software seller, discovered the original implementation of the malware disguised as a pre-compiled version of an open-source Bitcoin tool. It has now been seen pretending to be other Bitcoin apps, some of which are available on Download.com.

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Florida arrests three associated with anonymous Bitcoin exchange

02/07, 11:29pm

Arrested for money-laundering, suspects intended to buy stolen credit cards

A recent set of arrests and raid in Miami involving a website that allowed buyers to purchase Bitcoins anonymously has exposed problems with the digital currency that may spell trouble in the long-term for Bitcoin users -- a tendency, like the shuttered Silk Road, to use the service for illegal ends. Three men have been arrested under Florida's anti-money laundering laws, using Bitcoin exchanges to move high-dollar amounts in and out of the system, intending to anonymously buy stolen credit card data.

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Apple pulls Bitcoin wallet app Blockchain over 'unresolved issue'

02/06, 1:25am

Company allows price-tracking Bitcoin apps, but no transactions

Maintaining a reasonably-consistent policy it has introduced in dealing with Bitcoin- and other virtual currency-related apps, Apple on Wednesday removed the Bitcoin "wallet" app Blockchain from the iOS App Store, citing only "unresolved issues" -- probably referring to the quasi-legal status of the digital currency -- as the reason for the ban. The app's developer claims over one million users across various platforms, but the app was the last remaining Bitcoin-related program that continued to offer trading of Bitcoins on iOS, where it claimed 120,000 users.

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US Marshals preparing to dump $27M in Silk Road's seized Bitcoin?

01/17, 6:16pm

Agency said to be mulling auction

The US Marshals Service may soon be tasked with liquidating $26.5 million worth of Bitcoin that was seized last year during the Silk Road takedown. Federal prosecutors in New York recently finalized the forfeiture of 29,655 Bitcoins from the Silk Road servers, while another 144,336 Bitcoins--worth approximately $129 million--awaits formal forfeiture as the government proceeds with its prosecution of alleged Silk Road founder Ross William Ulbricht.

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Overstock to start accepting Bitcoin by June

12/28, 6:30pm

Overstock to begin accepting digital currency

Overstock.com, one of the larger Internet-based retailers, will begin accepting payments in Bitcoin, the most popular of a growing number of digital currencies. The New York Times reported this week that the retailer plans to begin accepting the currency by June of this year, and Overstock is currently evaluating third-party Bitcoin transaction facilitators. Overstock plans to have selected a firm to process its Bitcoin payments by the middle of next month.

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Briefly: MTV Android app released, Dogecoin wallet service hacked

12/26, 12:19pm

MTV releases Android app offering full TV show episodes, bonus content

MTV has released an Android app on Google Play for its programming, bringing it in line with the version for iOS devices. The free app lets users watch recently-broadcast TV shows on a mobile device, though only after the user has authenticated a cable subscription with the app, reports Android Community. Other users can watch smaller video clips, see extra show content, view show-specific Twitter feeds, and read music and fashion news.

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China's central bank warns financial institutions against Bitcoin

12/05, 7:17am

Potential for money laundering, tricky regulation causes China Bitcoin setback

The Bitcoin virtual currency has received a setback on its path to widespread use, after China's central bank advised against its use by the country's investors and banks. The People's Bank of China (PBOC) warned financial institutions that they should not trade in Bitcoins due to the potential risks associated with the currency.

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British man loses hard drive containing $7.5M Bitcoin fortune

11/28, 6:57pm

Hard drive with 7,500 bitcoins lost in landfill

An IT professional in the United Kingdom is scouring a landfill site for a specific computer part he threw away, along with a bitcoin fortune. James Howells of Newport, South Wales, disposed of the drive without realizing the value of its contents earlier this year, with the 7,500 bitcoins on the drive worth around $7.5 million at the currency's present value.

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DHS seizes total of $5M from Bitcoin exchange Mt. Gox accounts

08/23, 9:42pm

Money transmission licensing an issue for virtual currency exchange

The US Department of Homeland Security (DHS) has seized a total of $5 million from major Bitcoin exchange Mt. Gox. Court documents reveal that the seizures stem from the suspicion by the courts that the exchange was transmitting money without a license, with the seizure of funds a more plausible explanation for a two-week US dollar withdrawal hiatus by Mt. Gox.

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Briefly: Bloomberg Bitcoin ticker testing, Defense Mobile revealed

08/11, 7:58pm

Bloomberg said to be internally testing Bitcoin ticker for terminals

Bloomberg is reportedly testing a ticker for Bitcoin, for use on its terminals. The ticker, listed as XBT according to BTC Geek, is currently available only to Bloomberg employees, and is said to use at least two bitcoin exchanges as sources for its pricing. Though not usable by Bloomberg terminal customers, the apparent tracking gives more legitimacy to the virtual currency, and could be offered in the future.

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Bitcoin recognised as a regulatable currency by Texas federal judge

08/08, 3:10pm

SEC suit against Bitcoin hedge fund forced district court ruling

Bitcoin is a recognized currency that is subject to the laws of the United States, according to a federal judge ruling over a lawsuit by the Securities and Exchange Commission (SEC) against a Bitcoin hedge fund owner. Judge Amos Mazzant in Texas declared Bitcoin as "a currency or form of money," paving the way for government regulation in the virtual currency.

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Bitcoin exchange Mt. Gox resumes US dollar withdrawals after hiatus

07/05, 8:29am

Two-week downtime to implement new exchange system completed

Tokyo-based Bitcoin exchange Mt. Gox has re-enabled withdrawals in US dollars, following a two-week hold on payments. The resumption of normal service comes at the same time as the virtual currency exchange announces new relationships with "several new banking partners both in Japan and around the world," with more agreements also in progress

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Bitcoin Foundation attacked by California over alleged money transfers

06/24, 6:20am

Complaint to cease and desist money transfers sent to Bitcoin support organization

The California Department of Financial Institutions has attacked the Bitcoin virtual currency, by sending a cease and desist letter to the Bitcoin Foundation. The group, which serves to standardize, support, and promote the Bitcoin protocol, was sent the order to stop late last month due to alleged monetary transmissions without proper licensing.

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Bitcoin exchange Mt. Gox suspends US dollar withdrawls for two weeks

06/21, 3:42pm

Increased number of transactions forces exchange to upgrade systems

The world's largest Bitcoin exchange has suspended withdrawls in US dollars for a two-week period, following hefty delays in transactions. Mt. Gox, a Tokyo-based exchange for the virtual currency, is preventing withdrawls while it performs upgrades to its systems, due to the increased volume of transactions it performs for its users.

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Bitcoin exchange Mt. Gox suffers Dwolla access revocation by DHS

05/14, 7:02pm

Reasoning for court ordered shutdown unclear

According to OKCupid founder Chris Coyne, Bitcoin exchange site Mt. Gox has seen its access to payment service Dwolla shut down by the Department of Homeland Security (DHS). Coyne posted the email he received from Dwolla, stating that due to the order by the arm of the US Government, Dwolla cannot complete the ordered transfer to the exchange.

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Google's Schmidt sees $70 Android, takes digs at Apple

02/28, 4:00pm

Google chief talks phones and robots at MWC 2012

Google chief Eric Schmidt during his evening keynote at Mobile World Congress this year made a swath of predictions that focused heavily on low-cost smartphones. When asked when Android would make its way to basic feature phones, he noted that Android was already going that route. Device builders were working on Android phones that would cost in the $100 to $150 range within the next year, and that it was likely they would drop down to $70.

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