Decentralized peer-to-peer (P2P) Bitcoin exchange Coinffeine S.L. officially launched in beta Tuesday, offering exchange services to over 70 countries. Billed as the world’s first decentralized Bitcoin exchange, Coinffeine’s founders describe it as “BitTorrent for Bitcoin” in that it is completely distributed, just like BitTorrent, along with all the benefits that provides. Top of the list when ...

Two Florida men were arrested Tuesday on multiple charges relating to their operation of the now-defunct Bitcoin exchange Coin.mx. According to the Federal Bureau of Investigation (FBI), Anthony Murgio and Yuri Lebedev stand accused of running an unlicensed Bitcoin exchange which was operated through a phony front-company and, just for something different, through a registered ...

Photography community 500px, Inc., has raised $13 million Series B in a round led by Visual China Group that included previous investors Andreessen Horowitz, Harrison Metal, and ff Venture Capital. Founded in 2009, 500px is both a photo community where photographers can upload and share photos, as well as a marketplace where those same photographers ...

Microsoft Corp. has reported a record quarterly loss for their financial fourth quarter off the back of the write down of their mobile phone business, but still delivered some positives in terms of revenue growth among many divisions, including their cloud offerings. By the numbers Microsoft booked revenue for the quarter of $22 billion, gross ...

South East Asia and Africa-focused Bitcoin startup BitX has raised $4 million Series A in a round led by South Africa’s Naspers Group through their payments subsidiary PayU, that also included existing investor Digital Currency Group. Founded in 2013, BitX provides a variety of Bitcoin related services including Bitcoin wallets, a Bitcoin exchange, and Bitcoin ...

A new service from Philippine Bitcoin startup Coins.ph allows users to transfer money to other users without the need to have a bank account. Called “Teller”, the system works by utilizing Coins.ph accounts and retailers who currently accept Bitcoin payments via the Coins.ph network to transfer actual fiat currency between two parties. Person A installs ...

Google, Inc.’s online video service YouTube is having problems with its planned paid subscription service, with the site said to have failed to land any content from television networks. The service, first mooted back in March, is aiming to follow in the steps of services from the likes of Hulu and offer programming that’s a ...

International Business Machines Corp. delivered a mixed bag of second quarter results Monday with the company beating market expectations on earnings per share off the back of strong growth in its cloud business, while the rest of its legacy business continued to decline. Big Blue booked in earnings of $3.84 a share in Q2, ahead ...

Online extramarital affairs hookup site Ashley Madison has been hacked and users may get screwed in entirely new ways, with the hackers appearing to have obtained details of some, if not all users of the site. According to KrebsOnSecurity, large caches of data have been stolen from the infamous online cheating site owned by Avid ...

Bitcoin exchange Kraken (Payward, Inc.) has announced a reduction in Bitcoin trading fees, along with a new model that rewards its users who provide liquidity to the exchange with even bigger savings, which they call a “maker taker” model. The company announced the new rates in a blog post, stating that the change comes by ...