A massive cyber attack from unknown sources that has been spamming bitcoin exchanges is highlighting some of the dangers people can encounter when they exchange cash for digital currencies like the bitcoin, experts said on Wednesday.
Legal & Regulatory
US encourages banks to do business with licensed pot suppliers with new guidelines
The Obama administration has unveiled new guidelines that will encourage lenders to do transactions with state-licensed cannabis shops that are now constrained to doing business only in cash, Reuters reported.
Hedge funds ask Puerto Rico to raise sufficient capital for two years, give up sovereign immunity- sources
Hedge funds planning to participate in the bond offering of Puerto Rico are asking the commonwealth to raise enough capital to last for two years and give up its sovereign immunity, according to sources interviewed by Bloomberg.
France allows startups to raise $1.4M in crowdfunding, syndicate campaigns
France has become friendlier with young firms as it substantially raises the limits of Kickstarter-like crowdfunding and equity crowdfunding campaigns of French startups to $1.4 million respectively each year, TechCrunch reported.
Protocol flaw, exchange shutdown, and $2.7M heist prompt speculations about Bitcoin's end
With Bitcoin encountering a series of problems lately, including withdrawal halting of exchanges, a $2.7 million heist, and a flaw in the Bitcoin protocol, speculations abound that the Bitcoin is coming to an end soon.
Latest News
Pennsylvania, US-based age verification startup AgeCheq picked up $1 million in a Series A funding round to ramp up its effort in helping app and game developers comply with federal requirements and standards.
The price of the digital currency bitcoin slid to its lowest level in nearly two months on Monday after bitcoin digital marketplace Mt. Gox said a halt on withdrawals it announced on Friday would continue indefinitely after it detected "unusual activity."
As banks shed off their private equity units to comply with the Volcker Rule, the executives of these newly-independent firms will find themselves doing more travel in their search for new investors, The Wall Street Journal reported.
RichRelevance Chief Executive Officer David Selinger gave three main reasons why the Bureau of Private Postsecondary Education or BPPE should not regulate coding academies in his guest post at VentureBeat.
The Central Bank of Russia echoed its statement that the Ruble is the country's official currency, and being a money substitute, Bitcoin is now banned because it is reportedly used in illegal activities.
Rengan Rajaratnam, the younger brother of Galleon Group Founder Raj Rajaratnam, has asked the US District Court in New York to dismiss charges of insider trading filed against him last year, Reuters reported.
Alleged Silk Road operator Ross William Ulbricht will have a November 3 trial date after pleading not guilty in a Manhattan federal court, Bloomberg reported.
The Foreign Intelligence Surveillance Court has approved two of President Barack Obama's proposed changes on the National Security Agency's surveillance of US telecommunications, VentureBeat reported.
After losing a third of its value last week due to a ruinous blog post published about the firm by a Harvard Business School professor, Blinkx complained to a financial regular that it may have been the victim of a market manipulation, the Financial Times reported.
