A new bitcoin exchange launched yesterday in Sydney, Australia, with an aim to improving general consumer confidence in the digital currency market. Called Independent Reserve, the exchange is promoting both itself and its Australian base as secure and well-regulated, saying the country’s AAA credit rating and political stability made it the ideal place to locate. It will aim first at the local and New Zealand … Continue reading Bitcoin News: Is Australia the Ideal Location for a Bitcoin Exchange

One reason bitcoin can be confusing for beginners is that the technology behind it redefines the concept of ownership. To own something in the traditional sense, be it a house or a sum of money, means either having personal custody of the thing or granting custody to a trusted entity such as a bank. With bitcoin the case is different. Bitcoins themselves are not stored … Continue reading Bitcoin Review: The Science Of Bitcoins- Making Things Clear

Digital rights advocacy group the Electronic Frontier Foundation (EFF) is supporting privacy, free speech and innovation through a new email campaign opposing New York’s proposed BitLicense. The EFF has crafted a pre-written letter for supporters to sign and send to the New York Department of Financial Services (NYDFS) and its leading supervisor, Superintendent Ben Lawsky. The letter argues that premature regulation stifles innovation, and that … Continue reading Bitcoin News: A Look At The Campaign Launched Against BitLicense

Members of Brazil’s bitcoin community say that while past issues have contributed to the current weak market, more important hurdles remain. A lingering regulatory uncertainty, a relative lack of merchant adoption and the limited availability of Portuguese-language bitcoin resources, they said, are all reasons why Brazil’s market has yet to ignite. For better or worse, the story of bitcoin in Brazil begins with Leandro César … Continue reading Bitcoin News: A Look At Bitcoin’s Progress in Brazil

Australian police have raided a Brisbane coffee shop with ties to a biker gang, seizing a bitcoin ATM in the process. Police suspected the gang, which goes by the name of the Bandidos, was involved in high-level drug trafficking – allegedly trafficking meth and cocaine, as well as dealing in controlled substances used in the production of certain drugs. The raid, which was the culmination … Continue reading Bitcoin News: Australian Police Seize Bitcoin ATM

Bitcoin Group has announced it will pursue an initial public offering (IPO) in Australia. If successful, it would be the first bitcoin company to offer its shares to the public in an IPO. The Melbourne-based firm offers a cryptocurrency arbitrage service, but plans to turn mining into its main revenue source if its offering is approved. Bitcoin Group’s chief executive, Sam Lee, said: “We believe … Continue reading Bitcoin News: Are We About To Witness World’s First Bitcoin IPO?