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Mt. Gox Allegedly Loses $350 Million in Bitcoin (744,400 BTC), Rumoured to be Insolvent

UPDATE (25th February, 17:30 GMT): Mt. Gox has released a statement on its website concerning its decision to halt trading.<p>UPDATE (25th February, …


The Winklevoss Twins Are Creating A New Bitcoin Price Index Called The 'Winkdex'

The Winklevoss twins want to dominate the Bitcoin world.<p>So much so that they're now going to tell you what its price is.<p>In the latest filing (first spotted by the New York Times' Nathaniel Popper) for their Bitcoin ETF, the brothers lay out how it will work:<p>"Math-Based Asset Index, LLC ("Index …


How Much Wealth The Top 1% Of Bitcoin Owners Have

This chart (below, by Dennis A. Porto, MD) is rising on Reddit right now. It shows the distribution of Bitcoin wealth among Bitcoin holders, put together based on survey data from the Bitcoin community.<p>The gist: Bitcoin has a 1% minority that owns a massively disproportionate amount of wealth just …


Why Bitcoin's Biggest Impact Will Be On The Legacy Payments System

Bitcoin offers merchant and individuals an extremely low-cost, virtually frictionless payments system. Value can easily be transferred around the world without forcing merchants to pay extortionate transaction fees.<p>In a <b>recent report</b> from <b>BI Intelligence</b>, we explain how Bitcoin works, from the moment …


Hong Kong to Get First Offline Bitcoin Store

Hong Kong is about to get a rather unusual shop: an offline bitcoin store, launched by the Asia Nexgen Bitcoin Exchange (ANXBTC).<p>A 400-square-foot …

Australian Government Tracks All Bitcoin to AUD Conversions

The Australian government is keeping a close eye on bitcoin, but not on the regulatory front. Rather, it is tracking every conversion from bitcoin …

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