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[Guest Blog] US Marshal Bitcoin Auctions – The Kiss of Devaluation

It's like a bad TV rerun replayed all over again. The US Marshal Service (USMS) plans to blind auction 50,000 bitcoin by email. Yes, that is FIFTY THOUSAND BTC. And it's only about a third of their seized assets in the Silk Road 1 case – they still have 94,000...
Bitcoin

Google Ventures-Backed Buttercoin Picks Up Capital from Wedbush Securities

Financial services firm Wedbush Securities has made an undisclosed investment in Bitcoin trading engine, Buttercoin. In addition to the investment, Wedbush is utilizing Buttercoin’s technology and capabilities. Sheri Kaiserman, Head of Equities, Wedbush Securities, commented: We are impressed with Buttercoin in many regards notably that it provides reliable, trustworthy and...
BitcoinPayment

BitPay Gets Big Win Integrating With Intuit’s QuickBooks Online

Business accounting software giant Intuit recently added bitcoin payment gateway BitPay to QuickBooks Online, according to BitPay's corporate blog. Through Intuit's PayByCoin service, businesses that have a BitPay merchant account can accept bitcoin payments and receive a next-day settlement to their local bank account. Both BitPay and PayByCoin are free...
BitcoinPayment

Bitcoin API Team Wins Money20/20 Hackathon

Earlier in November, fintech event Money20/20 held a hackathon with 450 participants, hundreds of projects and 10 winners who won total $125,000 in prize money. The Money20/20 Hackathon took place on Saturday-Sunday, November 1-2, with challenges to develop a variety of FinTech applications using APIs, SDKs and other tools presented...
BitcoinBlog

[Guest Blog] The FinCEN Bitcoin Debacle

Following quickly on the heels of the USA New York Department of Financial Services (NYDFS) attempt to crush New York state based alternative currencies with an onerous Bitlicense, comes the all encompassing tax grab by the USA Financial Crimes Enforcement Network (FinCEN). War budgets are expensive toys. With the USA oil...
BitcoinPayment

Merchant POS Givex Partners with Bitpay for Bitcoin Payment

Point of sale technology service provider Givex will enable its merchants to accept bitcoin payments through a partnership with Bitpay. Toronto-based Givex's Vexilor proprietary POS system includes inventory control and purchasing modules, embedded marketing, data analytics reporting suite, cloud-based portal, and customized POS tablets and data storage hubs. Customers make...
BitcoinBlog

Is CoinDesk Reporting on LakeBTC BPI Suspension Ethical?

On Friday 31 October, CoinDesk announced that China-based exchange LakeBTC has been suspended from the Bitcoin Price Index. CoinDesk noted that the reason for the suspension was "the third instance of faulty price data from LakeBTC". The suspension is for 30 days while CoinDesk reviews the data from the exchange....
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