On January 20, a New York court handed a four-year prison sentence to a Florida Bitcoin exchanger who was selling virtual currency used to buy drugs on the Silk Road website.
Coinbase has raised $75 million in Series C financing, the largest funding round to date for a Bitcoin company.
Ross Ulbricht, the creator of the Silk Road online black marketplace, is facing a number of federal charges related to allegations that he facilitated the illegal activity of marketplace users.
The major UK banks warned bitcoin could negatively impact the financial system and currency in a submission to the UK Treasury.
The North American Bitcoin Conference (TNABC) has been opened on Saturday morning, January 17th, 2015, in the Fillmore Theater in Miami.
Bitcoin price plunged below the $200 mark yesterday, which without a doubt is causing many Bitcoin enthusiasts a bit of concern. The currency has been plunging steadily since the holiday and is now at or below the level set when bitcoin exchange Mt.Gox crashed.
Bitcoin is getting off to a poor start in 2015 after a rough ride last year as the price falls to 20-month low.
The alleged owner of online black market Silk Road may experience life in prison if convicted in a trial where the members of the jury will hear accusations.
Bitcoin exchange Bitstamp confirmed Monday, January 06, 2015, about $5 million in bitcoins was stolen from its hot wallets. The exchange was taken offline after the theft of 18,866 bitcoins was discovered.
The Yomiuri Shimbun reported that most of bitcoins dissapeared from Mt. Gox were as a result of fraud, despite the company’s claims it was due to hacker attacks.