Bitcoin takes another hit as Coinbet files for bankruptcy under murky circumstances; customer Michael Katz claims site robbed him on deposit money. Bitcoin-only sportsbook Coinbet opened just this year and is already closing its doors. Over the Easter weekend visitors were met by a notice that the site is “now closed.” Details are murky, but […]
Mark Karpeles refuses to testify on the MtGox scandal until he has acquired legal counsel sufficient to represent him. Mark Karpeles, former CEO of the bankrupt Japanese Bitcoin exchange MtGox, has refused to return to the US amidst a lawsuit and potential fraud charges. Karpeles has been summoned to a hearing in Washington DC this […]
Despite major setbacks of late, many are still optimistic that a bright future awaits the controversial virtual currency. Bitcoin has come under fire recently, with major exchanges MtGox and Flexcoin filing for bankruptcy and a third, Poloniex, losing 12 percent of its assets in a hack. Many have come to doubt the future of the […]
Bitcoin has polarized the business and academic communities, with bears and bulls coming out to argue their respective cases. Bitcoin is the biggest thing since… whatever the biggest thing before Bitcoin was. The virtual currency captured the limelight last year and is now accepted by a variety of online companies. But since December 2013 its […]
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