News tagged with currency

Bitcoin 'mining pool' promises to stay small

The largest group of bitcoin miners, which maintains and processes transactions in the digital currency, is promising to avoid majority control of the currency as a temporary measure to maintain the payment system's credibility.

Jul 17, 2014
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Bitcoin ATM builder targets money-transfer business

In a makeshift office - a living room crowded with desks, monitors and a beanbag chair - programmers are hacking away on computers, aiming to make their mark on the multibillion-dollar financial services industry.

Jul 10, 2014
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Probing Question: What is Bitcoin?

In 1729, when he was 23 years old, Benjamin Franklin authored a pamphlet titled "A Modest Inquiry into the Nature and Necessity of a Paper Currency." The revolutionary idea he advocated? Paper money printed ...

Jul 10, 2014
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Venture capitalist wins US bitcoin auction

A California venture capitalist announced Wednesday he won the US government auction of bitcoins, and plans to use them to help emerging economies that are "hamstrung by weak currencies."

Jul 02, 2014
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Bitcoin boss flees Cyprus 'after threat'

The boss of a Bitcoin company in Cyprus has fled abroad days after it suddenly stopped operations, in a blow to the virtual currency's once vaunted prospects on the island.

Apr 03, 2014
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