With MtGox effectively dead, Bitcoin can now enter the third stage of evolution, explains BitGo CEO Will O'Brien in an extensive essay. More »
Erik Voorhees, a respected Bitcoin entrepreneur who created SatoshiDice and now runs Coinapult, shares his views about MtGox and the future of Bitcoin. More »
Hollywood could learn a lot from Silk Road 2 about heightening stakes and creating suspense in this epic whodunnit thriller where 4000 bitcoins were stolen! More »
In this extensive video, Bitcoin Leah interviews Brock Pierce, Alan Meckler, Sam Cole, and companies including BitGo, GoCoin, Lamassu and more. More »
TradeRush Expands Exclusive Bitcoin Trading on Options Platform
London-Based Options Platform TradeRush Expands Bitcoin Trading
Earlier this year, TradeRush announced Bitcoin trading as the latest feature in its services; thus, it expanded its assets to help traders earn more.
Based in London, TradeRush is the net’s fastest growing binary options platform, launched in 2011 and offering 81% maximum returns on 60 second options. The digital options platform offers a wide array of currencies, stocks, commodities and indices to trade via binary options. In total, Trade Rush offers over 100 different assets for trading European two-way options.
And this year, Bitcoin was added to the mix.
TradeRush has announced Bitcoin trading as the latest feature in its services; thus, it expanded its assets to help traders earn more. The new addition to the existing binary options trading assets, Bitcoin is available in exchange rate as part of the TradeRush traditional Call/Put binary options.
A spokesperson for TradeRush says that many investors favor the forex binary option BTC/USD in their trading and the broker is happy to provide Bitcoin mobile trading, a new feature added recently. The broker announced that Bitcoin values private currency and its rate is constantly changing and that is where traders can profit.
The broker also brings market analysis as part of an investor package for traders and those joining TradeRush and looking to profit from binary options will enjoy the updated market analysis from it.
The most renowned Forex brokers’ reviews provider, ForexMinute claims that TradeRush is offering exclusive trading opportunities for traders who wish to multiply their investments doing binary options trading. The review from ForexMinute claims that what makes TradeRush a preferred selection is that with it traders can bid even when they are busy in their office and moving as it is available in mobile phone.
Visit TradeRush or ForexMinute to learn more.
Bitcoin Added to Oxford Online Dictionary
Bitcoin Now Officially in the Dictionary
A true coming of age story. The Oxford Online Dictionary now has an approved definition for “bitcoin.”
In a press announcement by The Oxford University Press, a spokesperson said:
Technology remains a catalyst for emerging words and is reflected in new entries including MOOC (‘massive open online course’: a course of study made available over the Internet without charge to a very large number of people); bitcoin (a digital currency in which transactions can be performed without the need for a central bank), and the compound Internet of things (a development of the Internet in which everyday objects have network connectivity).
The official definition of bitcoin is:
noun - a digital currency in which transactions can be performed without the need for a central bank.
Example usages include:
“bitcoin has become a hot commodity among speculators”
“bitcoins can be used for online transactions between individuals”
CC image by TexasT’s
Bitcoin Mining, An Infographic
The team over at The Cash Store has put together an interesting infographic about Bitcoin mining, what it takes, and the impact it has on the Bitcoin economy and beyond.
Click on the image below for full resolution:
Top Bitcoin News Last Week: Tradehill, Regulation, ATM, FinCEN, More
Bitcoin News
A roundup of the top Bitcoin news from August 26 to September 1:
Tuesday, August 27
Wednesday, August 28
Thursday, August 29
Friday, August 30
Bitcoin Exchange Tradehill Suspends Trading Due to Regulation Concerns
More Troubles for Bitcoin Exchange Tradehill
Tradehill is a US-based Bitcoin exchange that has grown in popularity as the chief competitor to Japan-based Mt. Gox. Tradehill has tried to position itself as an exchange for traders, especially those looking to move larger blocks of BTC.
Now the company has run into troubles, and has posted a bulletin on its site notifying users that it has suspended trading “due to banking and regulatory issues.”
In February 2012, Tradehill shut down “due to increased regulation” and a dispute of $100,000 with one of its payment processors. CEO Jered Kenna posted the announcement on Bitcointalk. The company later bounced back from this issues and has been on the rise, until this latest suspension of business.
Below is the full bulletin from Tradehill. We have reached out to the company for further comment.
Many of you have come to know Tradehill as the digital currency exchange of choice over the last six months. We have appreciated your patronage and have delighted in providing a reliable service to help you reach deep liquidity in the Bitcoin market. We have recently made the decision to temporarily suspend trading on the Tradehill platform, due to banking and regulatory issues. This decision has not been made lightly and we regret having to take such action. However, we embrace the silver lining of our situation and plan to take this opportunity to upgrade, improve, and polish our trading platform.
Tradehill registered with FinCEN in August 2013 and is actively engaging with banks and regulators to continue development of future business products and practices.
We would like to thank our clients, current and past partners, supporters, and advocates for all their continued support. The Bitcoin space has proven to be an exciting and dynamic environment. We are proud to have the opportunity to be at the forefront of this new domain.
[Update 11:15AM PT: Tradehill shared with On Bitcoin the following details around their suspended trading]
The Internet Archive Federal Credit Union has experienced operational and regulatory issues and we are no longer able to continue our developing relationship. Both Tradehill and IAFCU were excited about this relationship and both regret this unfortunate outcome. Tradehill’s integration with IAFCU had allowed for clients to buy Bitcoin with a balance in an account with their own name. This allowed clients to trade Bitcoin with funds that were stored in a federally insured institution.
Our clients still have full access to their funds. We are consulting with regulators to define the most appropriate licensing strategy for our current and future business practices. We are also actively engaging with banks and regulators to continue development of best practices for Bitcoin regulation and compliance.
This is only a temporary suspension of trading. We are continuing with planned development of our trading platform, to provide an improved user experience, as well as additional planned products. We hope to resume trading operations soon.
