Mt. Gox today announced that they’re temporarily suspending USD cash withdrawals, due to their existing processes being unable to adequately accommodate increasing activity. Mt. Gox expects withdrawals to be unavailable for about 2 weeks, during which time they’ll be working to increase capacity. Deposits, transfers, and withdrawal requests for currency other than USD are not […]
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Australian retailer now accepting Bitcoin and Litecoin
June 17th, 2013 
CryptoBadger Gizmodo is reporting that Australian electronics retailer Millennius is now accepting both Bitcoin and Litecoin as forms of payment on its website. While quite a few global retailers have already adopted Bitcoin, Millennius believes that they’re the first to accept Litecoin. Good news for cryptocurrency, and especially Litecoin—hopefully more retailers follow suit in the coming […]
Business Insider: Litecoin is the silver to Bitcoin’s gold
June 13th, 2013 CryptoBadger Litecoin is starting to get attention in mainstream news as a complementary cryptocurrency to the more established Bitcoin. Business Insider posted a short piece today describing Litecoin as the “silver to Bitcoin’s gold”. The article is short and largely inaccurate on the technical details, but any press that raises public awareness of digital currency is […]
Baby “bought” with bitcoins
June 10th, 2013 CryptoBadger CNN is reporting on a “bitcoin baby” born to a couple that paid for their fertility treatment services with bitcoins: [Dr. Lee, a fertility specialist] broached the subject with a few of his clients. If he offered a big discount, he asked, would they consider paying him with bitcoins? “In some cases they reacted like […]
Beware of fake Mt. Gox phishing sites
June 6th, 2013 CryptoBadger Recently, a host of phishing sites that spoof the look of Mt. Gox have been showing up in ads from major advertising providers. The operators of these scam sites aim to trick visitors into downloading malware which enables them to steal your Mt. Gox login credentials, so they can then pilfer your account. Nelp Net […]
What’s the long-term value of Bitcoin?
June 3rd, 2013 CryptoBadger Techcrunch has an interesting article up about the potential future value of Bitcoin. Given that there will only ever be at most 21 million bitcoins in circulation, it’s a trivial exercise to calculate how much each coin will be worth, given some assumptions around which markets Bitcoin manages to capture. The article includes an interactive […]
Fox News asks if Bitcoin can “go legit”
May 31st, 2013 CryptoBadger In the wake of the DHS seizure of a bank account tied to Mt. Gox and the government shutdown of Liberty Reserve, Fox News takes a look at the increasing regulatory scrutiny that digital currency exchanges are facing from the U.S. government. From the article: “I really believe in complying and keeping track of bad […]
Bitcoin network more powerful than world’s fastest supercomputers—by far
May 23rd, 2013 CryptoBadger The Bitcoin network is now nearly an order of magnitude faster than the world’s 500 top supercomputers combined, and it’s getting bigger every day. Pretty remarkable considering Bitcoin has only been around for four years.
Department of Homeland Security orders Dwolla to stop processing payments from Mt. Gox
May 14th, 2013 CryptoBadger Users on Reddit and the bitcointalk.org forums are reporting receiving emails from Dwolla stating that they are no longer allowed to process payments associated with Mt. Gox, due to a court order from the US Department of Homeland security. The Mt. Gox / Dwolla combination has been the most convenient (and cheapest) way for most […]
Wall Street Journal: Why Bitcoin is being taken seriously
May 8th, 2013 CryptoBadger The Wall Street Journal posted a short commentary on Bitcoin today: (if the video doesn’t load for you, click here)
