Web
Analytics
The news is by your side.

bitcoins

Looking for new way to donate during Ramadan? London mosque now accepts bitcoin

LONDON: Looking for a new way to give money to charity as part of Ramadan? A mosque in Britain’s capital is willing to receive your donation - in bitcoin. The Shacklewell Lane Mosque in Dalston, east London, has decided to accept bitcoin and other cryptocurrencies in a bid to widen its donor base and cut down on currency conversion fees, mosque leaders said. “For a donor that already has a bitcoin or an ethereum account, the effort of converting cryptocurrency into say British pounds or dollars can be quite burdensome.…

German online bank uses Bitcoins to transfer loans

BERLIN: German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin. Bitbond uses cryptocurrencies like Bitcoin to bypass the Swift international transfer system to lend money across the globe rapidly and at low cost. “Traditional money transfers are relatively costly due to currency exchange fees, and can take up to a few days,” Albrecht told a UK wire-service in his office in Berlin’s fashionable neighborhood Prenzlauer Berg. “With Bitbond, payments…

Japanese cryptocurrency exchange lets investor buy bitcoins for free after ‘system glitch’

TOKYO: A blunder at a Japanese cryptocurrency exchange let investors briefly buy bitcoins for free - though none were able to profit from the mistake. Zaif, a government-registered exchange run by Osaka-based Tech Bureau Corp, said on Tuesday that a system glitch had let seven customers buy bitcoin with no yen value during a 20-minute window last week. The exchange voided the trades after discovering the error, which happened on Feb. 16 - though it was still trying to resolve the issue with one customer who tried to…