bitcoin

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.

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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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Dorian Nakamoto starts legal fund to sue Newsweek

Dorian Nakamoto starts legal fund to sue Newsweek

Bitcoin is the most well known and popular of all the virtual currencies out there, it's also the one worth the most real money. Since bitcoin first hit the market people have been looking for the person who invented the currency. In March of this year, Newsweek published a story claiming that a man named Dorian Nakamoto from California was the founder of bitcoin, a claim that Nakamoto has denied since the story first surfaced.

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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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