News

Bitcoin plummets after China denounces Initial Coin Offerings as illegal

Earlier this month, China shocked investors everywhere by banning both corporate and personal fund raising using ICOs (initial coin offerings) such as bitcoin, stating that such practices constitute illegal fundraising due to the current lack of regulations and increasing reports of misuse.


European bitcoin exchange victim of cyber attack

Europe's biggest Bitcoin exchange has been the target of an online crime and has been hacked again. Cyber thieves have taken about 19,000 bitcoin ($5.2 million) from Bitstamp accounts. The company said it has suspended services after some digital wallets were compromised on the 4th of January.