Bitcoin Mining Firm KnCMiner Declares Bankruptcy
Sweden-based bitcoin mining firm KnCMiner, a startup that has raised $32m in venture funding from investors including Accel and Creandum, has declared bankruptcy. Once one of the industry’s fastest-growing mining firms, the bankruptcy filing and entrance into receivership marks a new and perhaps penultimate phase for KnC, which was founded in 2013 and hasdrawn fire in the past from… (0 comment)

Bitcoin price reaches 480$ now
Bitcoin prices surged more than 5% in the early hours of 27th May, a more than six-month high that saw the digital currency breaking out of the relative calm it had experienced in the last several sessions. Bitcoin prices reached a high of $479.39 between 07:00 and 07:04 UTC, which was its highest level since… (0 comment)

The first decentralized Bitcoin exchange: Coinffeine launches in 70 countries
Russia, China, Indonesia and Brazil are just some of the countries that can now use the world’s first peer-to-peer Bitcoin exchange. Decentralized platform Coinffeine has just launched in more than 70 countries, two months after releasing its ‘technical preview’ version. Although Coinffeine offers an experience similar to traditional exchanges when buying Bitcoin, it uses local payment processors to manage… (1 comment)

CFTC Grants Full Registration to Bitcoin Swaps Trading Platform
The Commodity Futures Trading Commission (CFTC) has granted formal registration to a trading platform that was an early entrant in the market for bitcoin financial derivatives. TeraExchange, a swaps execution facility based in New Jersey, had been previously operating under a temporary registration order, and today’s announcement formally recognizes this designation. The CFTC said it would… (0 comment)