Price recovery

Bitcoin prices have recovered overnight after the shock revelations from Japan’s Mt Gox over the issues that dogged them last Friday. Equally, for fans and speculators of Bitcoin, those who held on during the turbulent trading day – and bought more for their money – will be richly rewarded. That includes the mystery buyer of a Bitcoin holding for just US$102.

Mt Gox price index axe

Coindesk has removed Mt Gox from the Bitcoin Price Index which tracks the average price across major trading exchanges. The digital currency news website said it took action “due to its persistent failure to meet the Index’s standards for inclusion". Last Friday’s failure was the final straw, it said.

Money search

Bing says: “For years, you have been able to convert currencies in Bing. Whether you’re looking to compare dollars to pounds, euros to pesos or yuan to rupee, we’ve got over 50 currencies in our index that we’ll display following a few quick keystrokes.

“As Bitcoin (the peer-to-peer payment system and digital currency) makes headlines and captures the world's attention, we thought it was only natural to give you an easy way to track real-time fluctuations.”

Bitcoin award nomination

Apple peace summit

Blockchain chief executive Nicholas Cary wants a Bitcoin peace summit with Apple to resolve their differences and he has reached out to CEO Tim Cook on Twitter to come round to the idea. On Thursday, Apple controversially booted Blockchain’s digital wallet app off the iOS App Store. Last month, the U.S. tech giant made a patent filing for its own mobile digital wallet system.

Latest Bitcoin price: US$690.13 at 09.39 on Tuesday based on prices from BTC-e and Bitstamp

Source: Coindesk