bitcoin

Federal agent pleads guilty to stealing Silk Road bitcoins

Federal agent pleads guilty to stealing Silk Road bitcoins

In March, two federal agents involved with the operation against former online underground market Silk Road were charged with nefarious activities allegedly committed during the investigation. A criminal complaint released at the time by the Department of Justice alleged that former Secret Service agent Shaun Bridges and former DEA agent Carl Force IV had committed various offenses, including money laundering.

Continue Reading

Mt. Gox CEO Mark Karpelès arrested in Japan for alleged fraud

Mt. Gox CEO Mark Karpelès arrested in Japan for alleged fraud

Mt. Gox. That's a name you probably never imagined, or wished, hearing again after all this time. Good thing that this is more about its CEO Mark Karpelès. Sadly, it might actually still be linked with the scandal that rocked the Bitcoin world early last year. In Japan, Karpelès was arrested on the grounds that he allegedly manipulated the company's computer systems to add $1 million to his balance, at a time when Mt. Gox has filed for bankruptcy because of its inability to pay back its customers.

Continue Reading

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.

Continue Reading

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.

Continue Reading

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.

Continue Reading

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.

Continue Reading

Reddit lays off Notes lead engineer, equity future in doubt

Reddit lays off Notes lead engineer, equity future in doubt

If you are one of the Redditors who have been holding on to Reddit's every word about equity, chances are you are pretty disappointed by now. The news-slash-social networking service has recently laid off Ryan Charles, who happens to be the lead engineer in the company's Reddit Notes project. It has also closed all and any job openings related to cryptocurrency. And while Reddit itself says it is just bidding its time and waiting for the legal pieces to fall in place, Charles says that Notes, and any other cryptocurrency plan in the company, is dead.

Continue Reading

NYC contemplating mobile payment option for parking tickets

NYC contemplating mobile payment option for parking tickets

Paying off parking tickets is about to get a modern world makeover, at least in New York City, where officials are looking into opening up mobile payment options. Among those options could be PayPal, Apple Pay, and even Bitcoin, giving those on the unfortunate end of a parking violation citation the ability to quickly pay it off using their smartphone. The plan is still a work in progress, however, and for now residents are left with more archaic -- and time consuming -- options.

Continue Reading

Reddit Notes: users getting 10% equity with kinda-sorta currency

Reddit Notes: users getting 10% equity with kinda-sorta currency

Reddit has just announced an odd initiative that aims to see 10% of the company's shares distributed among users, making true on a promise they made back in September after receiving $50 million in new funding. They're calling it Reddit Notes, and the details are still very slim. The basic idea is that Reddit Notes are to act a kinda-but-not-really form of currency that holds no real world monetary value, but can be used to "tip, donate, or trade" with other users for things of value.

Continue Reading

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.

Continue Reading

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.

Continue Reading

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.

Continue Reading

1 2 3 4 5 6 7 8 9