Bitcoin exchange Vircurex freezes withdrawals, hoping for fresh...

Bitcoin exchange Vircurex freezes withdrawals, hoping for fresh influx of customers

David Meyer, gigaom.com

Vir­curex, a Beijing-based alt­coin exchange, has frozen with­drawals after, you guessed it, thiev­ing hack­ers made off with its bit­coins, lite­coins, ter­ra­coins and feath­er­coins. The exchange is pret­ty small, but its strat­e­gy for deal­in…

China’s trillion dollar mobile payments industry is under...

China’s trillion dollar mobile payments industry is under attack

Lily Kuo, qz.com

Things aren’t look­ing great for Chi­nese firms work­ing in the world of mobile pay­ments. The fast-growing tril­lion dol­lar indus­try—which includes online invest­ment funds, vir­tu­al cred­it cards, and e-com­merce–is fac­ing new pres­sure from…

Commonwealth Bank takes early punt on mPOS

Commonwealth Bank takes early punt on mPOS:

Arnie Cho, datamonitorfinancial.com

Australian banks are being threatened by smaller companies that are entering the market with innovative payment acquiring solutions like mPOS. Although the uptake for such services remains small, Commonwealth Bank Australia is already investing to…

Alibaba rejects claim online payment system is...

Alibaba rejects claim online payment system is illegal

smartbrief.com

China’s Ali­pay, a fast, online pay­ment ser­vice run by Aliba­ba Group Hold­ing, denied an accu­sa­tion by Indus­tri­al and Com­mer­cial Bank of ­China that its ser­vice is ille­gal because it doesn’ …

Commonwealth Bank takes early punt on mPOS

Commonwealth Bank takes early punt on mPOS:

Arnie Cho, datamonitorfinancial.com

Australian banks are being threatened by smaller companies that are entering the market with innovative payment acquiring solutions like mPOS. Although the uptake for such services remains small, Commonwealth Bank Australia is already investing to…

Alibaba rejects claim online payment system is...

Alibaba rejects claim online payment system is illegal

smartbrief.com

China’s Ali­pay, a fast, online pay­ment ser­vice run by Aliba­ba Group Hold­ing, denied an accu­sa­tion by Indus­tri­al and Com­mer­cial Bank of ­China that its ser­vice is ille­gal because it doesn’ …

Indonesian villa sold for $600,000 worth of...

Indonesian villa sold for $600,000 worth of Bitcoins

telegraph.co.uk

A villa on the Indonesian island of Bali has been sold for roughly $600,000 worth of Bitcoins

An anony­mous buyer from Texas, US, has bought a villa in Bali for an esti­mat­ed 1,000 Bit­coin, the equiv­a­lent of approx­i­mate­ly…