Bitcoin perils continue as the virtual currency tries to get a foothold globally with the latest victim of banking and regulatory issues being Tradehill.
The virtual currency has found a regular place in headlines with some countries declaring the cryptocurrency illegal while some investigating its role in use for purchase of illegal stuff.
The virtual currency is having a fair share of its ups and downs and with US and other countries behind its back, Bitcoin’s rocky ride is bound to continue.
The virtual currency made an unexpected headway towards legitimacy after a US judge ruled that Bitcoin is “a currency or form of money.”
All activities related to Bitcoin deemed illegal including buying, selling, sending, receiving & trading of the virtual currently.
California’s Department of Financial Institutions (DFI) has sent out a strong warning and ordered The Bitcoin Foundation to cease its operations in the state.
World’s largest Bitcoin exchange, Mt. Gox, has halted US dollar withdrawals of customer funds in the US citing reasons of system improvement.
World’s largest Bitcoin exchange Mt. Gox is now requiring users to verify their accounts following the closure of Liberty Reserve last Sunday.
The Electronic Frontier Foundation (EFF) has started accepting donations in the form of Bitcoins again after over two years of hiatus stating that the legal uncertainty, which was hovering over the digital currency, has all but disappeared.
E-Sports Entertainment Association (ESEA) League has admitted to embedding Bitcoin mining code inside league’s client software.