Blockchain

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/Blockchain

Barclays takes the crown at Digital Wallet Foundry

A seven man team from Barclays Bank, using tools from FreedomPay and their own Pingit mobile payments app, emerged with top honours at Microsoft's week long Digital Wallet Foundry hack-a-thon in London.

/Blockchain

Technical glitch sparks bitcoin sell-off

Having seen its value soar in recent weeks, digital currency bitcoin plummeted today after a technical glitch sparked a sell off and exchange MT. Gox suspended deposits.

/Blockchain

MT. Gox and CoinLab team up for US Bitcoin push; Silicon Valley Bank onboard

The world's biggest Bitcoin exchange, MT. Gox, has inked a deal that will see Silicon Valley-based CoinLab handle its North American operations.

/Blockchain

Amazon to launch virtual currency

Amazon is to introduce its own virtual currency for purchasing apps, games and in-app items on Kindle Fire.

/Blockchain

BitPay closes $510,000 funding round

Digital payments processor BitPay has closed a $510,000 funding round from a group of well-connected angel investors, including Shakil Khan, Barry Silbert, and Roger Ver.

/Blockchain

Card rules may force mobile Movenbank to offer plastic

US start-up Movenbank, which has positioned itself as a mobile-only, cardless, branchless bank, may be forced to offer companion, plastic cards to customers in order to be compliant with MasterCard rules.

/Blockchain

European Central Bank warns of virtual currency risks

The growth of virtual currency schemes such as Bitcoin and Second Life's Linden Dollars, could have a negative reputational impact on central banks due to their inherent instability, warns the European Central Bank.

/Blockchain

Hacked Bitcoin exchange Bitfloor reopens

Bitfloor, the Bitcoin exchange that shut down earlier this month after hackers compromised its servers and stole around $250,000 in the virtual currency, has reopened for trading.

/Blockchain

Bitfloor exchange shuts down after $250,000 heist

Bitcoin exchange Bitfloor has been forced to temporarily shut down its operations after hackers compromised its servers and stole around $250,000 in the virtual currency.

/Blockchain

US State Representative adopts Bitcoin donation system

US State Representative Mark Warden has added a Bitcoin donation system to his campaign Website, marking the first use of the decentralised virtual currency system by a sitting incumbent politician.

/Blockchain

Users sue Bitcoin exchange over $460k in missing funds

Bitcoin exchange Bitcoinica is being sued by four former users who allege they are owed nearly half a million dollars-worth of the virtual currency, plus damages.

/Blockchain

Bitcoin exchange loses $90,000 in virtual currency hack

Bitcoin exchange Bitcoinica has shut down its operations after an online hacker breached its defences and stole $90,000 worth of the virtual currency.

/Blockchain

EU names and shames national authorities lagging on e-money rule changes

Six EU member states - Belgium, Spain, France, Cyprus, Poland and Portugal - have been threatened with legal action by the European Commission unless they comply with one-year old rules on e-money issuance.

/Blockchain

Royal Canadian Mint unveils MintChip virtual currency; launches development competition

The Royal Canadian Mint has unveiled a 'digital currency' called MintChip, inviting developers to build applications using the new form of cash.

/Blockchain

Bitcoin exchange TradeHill sues Dwolla

TradeHill, the Bitcoin exchange operator which closed down last month, has filed a lawsuit against digital payments outfit Dwolla, seeking $2 million in damages.

/Blockchain

Google scrapped plans for virtual currency over regulatory concerns

Google chairman Eirc Schmidt says the Internet search giant once considered creating its own peer-to-peer money system, dubbed Google Bucks, but binned the idea because of regulatory concerns.

/Blockchain

Paxum ditches Bitcoin as Tradehill exchange shuts down

Bitcoin's tribulations continue, with e-wallet provider Paxum ceasing all business involving the virtual currency after coming under pressure from MasterCard and banks, and major exchange TradeHill shutting down.

/Blockchain

American Express files virtual currency patent

American Express has filed a patent for a system and method for using loyalty rewards as a currency.

/Blockchain

Facebook to extend Credits currency across the Web

Facebook is seeking to extend the reach its virtual currency, teaming up with developers to test Credits outside of the social network.

/Blockchain

Bitcoin POS system developed

A point-of-sale system, based on a VeriFone terminal, which enables retailers to accept virtual currency Bitcoin has been developed.