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?

A group of entrepreneurs promoting bitcoin in western Africa has reminded the world of the dire situation it faces as its daily fight to stop the spread of Ebola continues. The Sierra Leone Liberty Group (SLLG), initially formed to promote free enterprise and libertarian ideals as the path to prosperity in the country, has continued to promote its message despite the frequent need to jump … Continue reading Bitcoin News: Bitcoin Helping to Fight Ebola

Most people think about bitcoin as an alternative to something they already know, as opposed to an enabler of something they never considered. In 1985, Steve Jobs was asked by a journalist for concrete reasons why anyone would buy a computer for the home. He answered that “so far, that’s more of a conceptual market than a real market”. He went on to say that … Continue reading Bitcoin Update: A Look At the Promising Bitcoin Killer Apps

Philippines-based exchange Coins.ph today released a mobile bitcoin wallet app with features the company says are aimed squarely at emerging market use cases. As well as standard wallet functions, the Android-only app allows users to buy and sell bitcoin through various channels, top up prepaid mobile phones, pay bills, and even work as a mobile remittance service by converting to Philippines pesos. Coins.ph CEO Ron … Continue reading Bitcoin News: Emerging Markets Aimed By New Bitcoin Wallet App

Apple Pay isn’t even here yet and, arguably, it’s already winning the war against bitcoin. Like the digital currency, Apple is disrupting the payments system, but people will probably use it more than they use bitcoin. Cupertino has carefully focused on three areas to make sure that happens: front-end experience, financial institutions, and merchants. Apple nailed the customer experience side. For starters, it rolled out … Continue reading Bitcoin News: Comparing Bitcoins and Apple Pay