Blockchain

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/Blockchain

Lloyds victorious at Microsoft's Digital Wallet Foundry

A two-man team from Lloyds TSB has won top honours at Microsoft's week long Digital Wallet Foundry identity and loyalty hack-a-thon in London with a proof-of-concept application to ease customer verification at the check out.

/Blockchain

Bitcoin exchange Bitfloor shuts down

New York-based bitcoin exchange Bitfloor has been forced to cease all operations indefinitely after being told that its US bank account is being shut down.

/Blockchain

Bitcoin resumes upward curve following market disruptions

Bitcoin values have resumed their upward momentum after a DDoS attack on Japanese exchange Mt. Gox and depository hack at Instawallet briefly stalled the digital currency's climb on Wednesday.

/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.