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Get your metal detectors out! $75 million thrown in rubbish!

We've all had that sinking feeling when a valuable receipt has been thrown out or a £10 note has gone into the wash inside a trouser pocket. If you think that was bad, then the story of how a Welsh IT worker accidentally threw away $75 million of Bitcoin will blow you away! Hard-drive binned by mistake In breaking Bitcoin news, James Howells from Newport has revealed how he has lost around 7,500 Bitcoins from an old computer. Howells has stated that he began mining Bitcoin in 2009 when the cryptocurrency was just taking its first steps. At the time,...

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Meet the Winklevoss Twins, Bitcoin's first billionaires

If there are two massive and well known names associated with Bitcoin, it is the Winklevoss twins - Tyler and Cameron. The former Olympic rowers have recently become the first Bitcoin billionaires and this has led to even more positive news for the cryptocurrency. Not only will it give financial investment organisations the confidence to consider Bitcoin more, but it will also interest many members of the public in digital currencies too. $11 million bet comes off If you recognise the Winklevoss name, it's probably because of their previous legal wrangle with Facebook founder Mark Zuckerberg. The Winklevoss twins accused...

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Nobel Prize winner asserts Bitcoin should be banned

Nobel Prize winner Joseph Stiglitz has made a statement that will be widely lauded and criticised by the parties on each side of the Bitcoin fence. He said that the cryptocurrency should be banned, based on analysis that claims the market is mainly driven by Bitcoin's potential to upend certain government agencies. His rant went on to claim that the Bitcoin market will rise, then fall dramatically, which will hurt too many investors. And he said that Bitcoin serves no 'socially useful function'. Is Bitcoin the only culprit? By the logic Dr Stiglitz applies, he may want to consider banning...

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Bitfinex and Tether hit back at mismanagement claims

Bitfinex, the largest cryptocurrency exchange, and Tether, which issues dollar-pledged cryptocurrency, have finally broken their silence. A spokesperson for both companies yesterday blamed "questionable actors" for causing doubts about them. He expressed the commitment of Bitfinex to being the "most transparent cryptocurrency exchange". He also slammed the biggest Bitfinex critic "Bitfinex'd" for being an anonymous social media user who makes allegations without even revealing his/her own identity. Conversely, he explained that Bitfinex is transparent and led by a strong team of managers - though, interestingly, he did not name any of those managers, and their names are not listed on...

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Famous faces that believe in Bitcoin

Bitcoin has been one of the huge talking points of the last couple of years, and is a topic of debate between famous faces. Some say to stay well clear, and some put faith in that bitcoin will change how currency is used in this modern day. Below is a list of famous faces that believed in Bitcoin: Bill Gates Co-founder of Microsoft, investor and philanthropist “Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions,...

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