A foundation created last year to shepherd Bitcoin's software development has received a stern warning from a California financial regulator.
The world's largest Bitcoin exchange says it will shut down U.S. dollar cash withdrawals for two weeks while it upgrades its systems. Other currency withdrawals are not affected.
In the aftermath of the revelation of Prism, the NSA's data collection program, the virtual currency Bitcoin has been pegged as a more private option; but the virtual currency may not be secure from government surveillance, either.
Bitcoin sales all recorded to a public ledger, which means that Bitcoin payments made to a company could permit tracking of later payments made to that address.
While many in the Bitcoin community discredit the criticism against the currency, no interested party should dive into a Bitcoin engagement without knowing the facts.
Already, an illegal drug site accepts Bitcoins, but experts say it is unlikely to fill the void for cyberiminals left by Liberty Reserve
Mt. Gox is requiring all users to verify their accounts in order to make non-bitcoin currency deposits and withdrawals, less than a week after U.S. authorities said they shut down online payment processor Liberty Reserve for alleged money laundering.
Manuel Araoz, a 23-year-old developer in Argentina, has an idea for Bitcoin that doesn't focus on money.
It appears Canada's anti-money laundering regulator will leave Bitcoin exchanges in the country alone for now.
Will the alternative currency make or break the bank?