Thursday 21 August 2014
 
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European banks warned over virtual currencies

Banks in the European Union should refrain from offering customer accounts in virtual currencies like bitcoins until regulatory safeguards are in place, the bloc's banking watchdog said. The EU's executive European Commiss

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First Bitcoin ATM opens in Dubai

The UAE's first Bitcoin ATM has been activated by Umbrellab, a start-up company, in an office in Dubai Media City, a report said.   The kiosk allows people to deposit cash into their Bitcoin wallet, said The National repo

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Bitcoin's promise: a financial revolution web is waiting for

Bitcoin may not be the messiah of a new currency its hardcore fans yearn for, but it may herald the deeper financial revolution the internet has been waiting for. While computers and smartphones have brought the web to more than a

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Mt. Gox finds 200,000 bitcoins in 'forgotten' wallet

Mt. Gox said on Friday it found 200,000 "forgotten" bitcoins on March 7, a week after the Tokyo-based digital currency exchange filed for bankruptcy protection, saying it lost nearly all the 850,000 bitcoins it held, worth some $500 mi

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Why the underworld loves bitcoin

Criminals may already have made off with up to $500 million worth of bitcoins since the virtual currency launched in 2009 - and you can double that if it turns out they emptied Mt. Gox. Internet criminals, security experts say, ar

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First bitcoin machine opens in UK

Britain's first machine for dispensing digital currency opened in a cafe near "Silicon roundabout" tech hub in east London on Friday, offering customers the ability to exchange bank notes for bitcoins. Old Shoreditch

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Singapore probes 'unnatural' death of bitcoin trader

Singapore police are investigating what they have called the "unnatural" death of a 28-year-old American woman who ran a small exchange that traded virtual currencies, including bitcoins, from the Asian city state. Autum

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Bitcoin bank shut down after hacker attack

Bitcoin bank Flexcoin said on Tuesday it was closing down after it lost bitcoins worth about $600,000 to a hacker attack. Flexcoin said in a message posted on its website that all 896 bitcoins stored online were stolen on Sunday.

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Hundreds ready for bitcoin exchange class action

More than 400 people have signalled they would join a class action against Mt. Gox, the world's biggest marketplace for the digital currency bitcoin before its abrupt collapse, British-based law firm Selachii said. It would be

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The brief reign of bitcoin's top exchange

The collapse of Mt. Gox (short for "Magic: The Gathering Online Exchange") might appear sudden, but bitcoin insiders say its downfall began nearly a year ago as the virtual currency exchange tangled with regulators, split from former b

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