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The Canadian Bitcoin bank goes offline after hackers steal 896 bitcoins -- valued at more than $580,000 -- through a flaw with the Web site.
As Dogevault's website becomes unavailable, users of the popular wallet report mysterious withdrawals of hundreds of thousands of the virtual currency from their accounts.
Without any regulatory or government oversight, the government forbids commercial banks to provide customers with the cryptocurrency.
Silicon Valley investors back the security startup, which aims to safeguard user accounts with a multi-signature wallet.
Aiming to become the new hot virtual-currency exchange, Kraken lands $5 million in a Series A round of funding from Hummingbird Ventures.
"The dollar bill market has been extremely susceptible to forgers, tax fraud, criminal cartels, and armed robbers stealing millions of dollars from their legitimate owners," Rep. Jared Polis writes to federal regulators.
An investor group that includes Virgin Group Chairman Richard Branson and Yahoo co-founder Jerry Yang is betting that Bitcoin has a bright future despite recent setbacks.
Financial services company aims to provide a secure, insured banking service that will take the cryptocurrency mainstream.
Government agency cautions about the use of cryptocurrencies, saying they’re more likely to be used by “fraudsters to perpetrate fraudulent investment schemes.”
A site that houses more than 1.4 million bitcoin wallets has been down for more than 16 hours, but says users still have control over their virtual money.