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Bitcoin exchanges in China are braced for yet another blow as the central bank considers ordering the country’s banks to close trading..

Circle Internet Financial – a company aiming to make digital currencies like bitcoin easy to use – raises $17M in a Series B funding round and has begun offering its first product by invitation

Bitcoin prices are off yesterday’s lows, after a worldwide hack caused most major exchanges to temporarily halt withdrawals. Prices are now $648 according to Coindesk

Bitcoin prices fell on Friday after exchange Mt. Gox said it was halting withdrawals temporarily. The company said an increase in flow of withdrawals requests “has hindered our efforts on a technical level.
The price of a bitcoin last traded at $719.44, with a session high of $867.60 and a low of $651.70.

The Sacramento Kings NBA team just became the first major professional sports franchise to accept Bitcoin, according to an announcement from payment processor BitPay.
Starting Thursday, BitPay spokeswoman Jan Jahosky said Kings fans can use bitcoins to buy merchandise at the team shop — located at the Sleep Train Arena.

Customers will be able to shop online for tickets and merchandise with bitcoins by March 1.

At today’s prices, courtside seats for the March 1 match-up against the Minnesota Timberwolves would cost you 0.28 bitcoins. In dollars, those seats were listed for as much as $257.

BitPay, the world’s largest payment processor for virtual currencies, announces a beta release of their bitcoin payroll API for employers, which allows their W-2 employees to receive a portion of their net pay in bitcoin.  The Bitcoin Payroll API is designed for employers and payroll service providers. For employers using the service, their individual employees can opt-in to receive a net payroll deduction paid in bitcoin, on a recurring basis each pay period.

Virgin Galactic Now Accepting Bitcoins for Space Travel

Bitcoin prices above $1,000

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Prison for buying bitcoin? Proposed law could see Russians serving time for using cryptocurrencies

Politicians in Russia have suggested punishment of up to 2 million rubles and seven years in jail for the illegal use of digital assets and currencies. Some say the proposed law amounts to a total ban on cryptocurrencies.