The Wall Street Journal is reporting mixed news about the controversial and unregulated Bitcoin trading platform.

On one hand, BitBeat reports the bad news about Bitcoin is subsiding and prices are rising again:

However, WPCS International Inc. of Exton, which specializes in contracting services for communications infrastructure and the development of Bitcoin, has rescheduled its most recent May 30 stockholders meeting to June 11 – due to a lack of quorum.

“We believe it is important that stockholders who have yet to vote be provided additional time to do so,” said Sebastian Giordano, interim chief executive officer.

Giordano is encouraging shareholders to vote for proposals in the best interest of the company’s future. WPCS says it operates in two business segments: providing communications infrastructure contracting services to the public services, healthcare, energy and corporate enterprise markets worldwide; and developing a Bitcoin trading platform.

The Pennsylvania Department of Banking and Securities recently red-flagged Bitcoin in a consumer advisory warning about the risks of using or investing in virtual currencies such as Bitcoin. The department said they are not backed by the U.S. government, are subject to little or no regulation, and that their value is highly volatile.

Forbes.com is also following the trend:

Links: www.wpcs.com