Results for "bitcoin"

Crack the code to find 4.87 hidden bitcoins in artist’s image

Crack the code to find 4.87 hidden bitcoins in artist’s image

Artist Marguerite Driscoll has created a fever in the cryptography community as she has launched her latest Bitcoin puzzle in the form of an intriguing mix of art and cryptography. The artist announced via a Twitter update that she released a new cryptographic image hiding a key to 4.87 bitcoins. Her "crypto art" has created a frantic fever of excitement among professional and amateur cryptographers alike. Reddit communities and Bitcoin Talk forums have sprung up as people collaborate, trying to solve these insanely complex cryptographic riddles.

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Board member spills the beans: Bitcoin Foundation is bankrupt”

Board member spills the beans: Bitcoin Foundation is bankrupt”

If you thought that the drama surrounding the hot and yet controversial cryptocurrency is over, think again. As one of his first acts as a newly elected Bitcoin Foundation board member, Olivier Janssens revealed the rather dismal financial situation the foundation is in, which has been kept secret from is members. While it doesn't technically affect Bitcoin itself, being the primary public face of the currency, it could still cause loss of confidence in the entire system. Especially when the previous founders of the foundation have all but disappeared or are equally mired in controversy.

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Federal agents charged with fraud involving Silk Road bitcoins

Federal agents charged with fraud involving Silk Road bitcoins

Two of the federal agents working to shut down the former underground market known as "Silk Road" have been charged with stealing or otherwise illicitly handling bitcoins during the investigation. The Department of Justice released a copy of the criminal complaint today, which says that both former DEA agent Carl Mark Force IV and former Secret Service agent Shaun Bridges have committed wire fraud and money laundering, while Force is also charged with theft of government property and a conflict of interest.

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The remainder of Silk Road’s bitcoins have been sold

The remainder of Silk Road’s bitcoins have been sold

Remember the trove of bitcoins nabbed from the illicit underground market Silk Road? The US Marshals have been slowly auctioning them off in batches, something we've been reporting on over past months. The end of this week saw yet another bitcoin batch auction, but it was more notable for one big reason: it was the last of them. The auction took place on March 5 starting at 8AM, with registered bidders being able to email in bids for a batch of 50,000 bitcoins (split up into smaller blocks). Who bought the digital currency has not been revealed.

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Microsoft adds Bitcoin option for Xbox and mobile content

Microsoft adds Bitcoin option for Xbox and mobile content

The number of places where you can buy things with Bitcoin just got a bit bigger. Microsoft has announced that its customers can now use the cryptocurrency to pay for Xbox services and mobile content, doing so by first using the currency to add funds to a Microsoft account. Microsoft isn't the first well known company to add support for Bitcoin payments. In July, Dell announced that it would start accepting Bitcoin payments in partnership with Coinbase, and other companies like Overstock have also begun accepting the digital money.

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US Marshals to sell off more Silk Road Bitcoins at auction

US Marshals to sell off more Silk Road Bitcoins at auction

Silk Road was a website where all sorts of illegal and illicit items could be purchased. To keep the buyers and sellers from being tracked, many of the purchases on the site were made using Bitcoins. When the site owner was captured and his personal stash of Bitcoins confiscated, there was a huge amount of money to be made. Last January prosecutors and Ross Ulbricht agreed that the US Marshals could sell Bitcoins found on computer gear Ulbricht owned.

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Man injects Bitcoin wallet NFC chips into his hands

Man injects Bitcoin wallet NFC chips into his hands

Chalk this one up to sounding both a little crazy and a little brilliant. 10 days ago, a Dutch man had a NFC chip implanted into each of his hands to serve as storage for the encrypted key to his Bitcoin cold storage. Keeping one's Bitcoins offline, and in this case in the body, makes it harder for them to be hacked and stolen, but Martijn Wismeijer is already thinking ahead for other uses for his chipped hands.

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Bitcoin user arrested for $4.5M Ponzi scheme

Bitcoin user arrested for $4.5M Ponzi scheme

Trendon Shavers, from Texas, was arrested this week and charged with several counts of fraud for running a Bitcoin Ponzi scheme that earned over $4 million. He is now facing a maximum prison sentence of 20 years each for one count of securities fraud and one count of wire fraud, in addition to civil charges from the SEC (Securities and Exchange Commission) in 2013 that resulted in the order to pay $40 million in fines.

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A modern mining disaster: Bitcoin facility goes up in flames

A modern mining disaster: Bitcoin facility goes up in flames

Modern mining for precious commodities has gone digital, and with that comes what may be the first big digital mining disaster. A Bitcoin mining facility in Thailand recently went up in flames, with three buildings burning to disastrous proportions, taking the servers with them. The mining facility is said to belong to Cowboyminers, and reportedly the hardware was not insured, making it look unlikely it'll be back up and running any time soon. According to Spondoolies-Tech, which made the hardware, the data center's wiring wasn't up to code.

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Apple Pay, Bitcoin coming to Square Register

Apple Pay, Bitcoin coming to Square Register

Bitcoin, tenuous as it may be, is increasingly popular as a form of currency. Apple Pay also looms on the horizon for those still wanting to use cash in a digital sense. Square is also working their service into more businesses, and have slyly announced a new register that will take advantage of both of those technologies.

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