BTC China installs the country’s first Bitcoin ATM in Shanghai

By Ugene CheungNews

The creation of a new online app that can turn devices like a smartphone into a Bitcoin vending machine has allowed the exchange BTC China to install China’s first cryptocurrency ATM in Shanghai. The machine can be found at a coffee shop located in the Zhangjiang Hi-Tech Park.  Zhangjiang Hi-Tech Park Despite all the problems Bitcoin…

April 19, 2014

Details

Betting on the Blockchain: Sports Gambling and Bitcoin

By Ugene CheungNews

Sports gambling in America is big business. It is also, largely, illegal. According to the National Gambling Impact Study Commission, nearly $400 billion is wagered on sports by United States citizens during a given year, with only $3.5 billion of those bets being placed at legal books in Nevada. With only one state offering legal…

April 19, 2014

Details

Mt. Gox To Be Liquidated

By Ugene CheungNews

A Japanese bankruptcy court declared this week that collapsed Bitcoin exchange Mt. Gox will not be permitted to reorganize and therefore must enter liquidation. The court rejected Mt. Gox’s petition (similar to a Chapter 7 filing in the United States) on the grounds that the plan of reorganization submitted by Mt. Gox is unlikely to…

April 19, 2014

Details

Bitcorati: A Hub For the Bitcoin Community

By Ugene CheungNews

  A major problem with adapting Bitcoin as one’s main currency is the difficulty in making trust-less transactions. Don’t get me wrong; the technology and network behind Bitcoin aren’t the problem. It’s the disconnect between the network of people that two parties may share that can create concern. There is still an issue with making…

April 19, 2014

Details