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Ratan Tata, AmEx invest in digital currency start up Abra

Ratan Tata, AmEx invest in digital currency start up Abra

US-based startup Abra Wednesday said Tata Group Chairman Emeritus Ratan Tata and credit card player American Express have made an undisclosed investment in the firm -- their first such venture involving digital currency.

Top EU court rules Bitcoin exchange tax-free in Europe

Top EU court rules Bitcoin exchange tax-free in Europe

The EU's top court ruled today that the exchange of Bitcoin and other virtual currencies should be treated just like traditional money in Europe and not incur any sales tax.

EU markets watchdog to look deeper into digital currency investments

The European Union`s markets watchdog is examining trading investments based on digital currency systems like bitcoin, saying it is unclear whether ownership is legally enforceable.

Federal agents stole Bitcoin in Silk Road probe: US

Two undercover federal agents in the investigation of Bitcoin market Silk Road extorted and stole hundreds of thousands of dollars worth of the virtual currency for themselves, the US said Monday.

In boon for bitcoin, UK to regulate digital currency exchanges

Britain took a significant step towards becoming a global bitcoin hub on Wednesday as the government announced it would regulate digital currencies for the first time by applying anti-money laundering rules to exchanges.

Investors robbed of $11 mn Bitcoins in four years: Study

Investors robbed of $11 mn Bitcoins in four years: Study

Frauds such as online ponzi schemes have skimmed at least $11 million in Bitcoin deposits from unsuspecting cyber customers over the past four years, a study says.

Bitcoin transactions may not be anonymous: study

However it was not clear if it is also possible to reveal the IP address behind each transaction.

Bitcoin promoter to plead guilty to unlicensed money transmission

Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. charges that he engaged in a scheme to sell over $1 million of the digital currency to users of illicit online marketplace Silk Road, his lawyer said Friday.

Failed bitcoin exchange Mt Gox gets US bankruptcy protection

The company filed for Chapter 15 bankruptcy protection in March.

MtGox operator looks to sell Bitcoin trademarks: Report

It is also looking for a buyer for the domain name, the paper said, adding it was unclear whether any money from the sale would be used to pay back the creditors of MtGox.

Hundreds attend China`s first Bitcoin meet, defy govt warning

Several hundred people attended China`s first Bitcoin summit here, defying the government`s crackdown on the digital currency.

MIT undergrads to get $100 in bitcoin in digital money trial

Bitcoin is not backed by any government or central bank.

Bitcoin exchange MtGox to start liquidation process: Lawyer

Failed Bitcoin exchange MtGox, whose spectacular collapse hammered the digital currency`s reputation, is to be liquidated after a Japanese court ordered bankruptcy proceedings on Thursday, said a lawyer appointed to carry out the process.

BoJ chief doubts Bitcoin's future as a currency

The head of the Bank of Japan on Tuesday cast doubt on Bitcoin's future, saying the scandal-plagued digital unit "cannot be a currency" unless it proves its reliability.

Goldman Sachs believes Bitcoin is not a currency

American financial services firm Goldman Sachs thinks Bitcoin is not a currency.

Indians lose crores in bitcoins as Japan exchange goes kaput

In a rude jolt to growing virtual currency frenzy in India, bitcoins worth crores of rupees held by some Indians have vanished with collapse of Japan-based Mt Gox, which was the world's largest bitcoin exchange so far.

MtGox website disappears amid huge bitcoin theft claim

The website of Tokyo-based bitcoin exchange MtGox went down Tuesday amid reports of a theft of the virtual currency worth hundreds of millions of dollars, dealing a blow to its credibility.

Factbox: What is bitcoin?

The website of the Japan-based bitcoin trading exchange MtGox disappeared on Tuesday amid claims that a massive theft had taken place over two years, emptying its digital vaults of more than USD 300 million of the digital currency.

Bitcoin gets 121 siblings as price crashes

As bitcoin prices crash amid growing regulatory glare and emerging risks, the number of other virtual currencies present in the world-wide-web has reached 121 and one of them is trading above USD 100,000.

ATMs raise Bitcoin profile, concerns

The first Bitcoin ATMs are cropping up in North America, enabling consumers to swap cash for units of the crypto-currency, or cash in their Bitcoins. ATMs are coming in Europe and Asia as well.