bitcoin

Bitcoin creator unmasked in controversial report

Bitcoin creator unmasked in controversial report

The creator of Bitcoin has allegedly been found, with a controversial investigative report hunting down the man believed to be Satoshi Nakamoto at his home in California. Nakamoto, the elusive creator of the virtual currency that has made headlines, frustrated investors, prompted government investigations, and threatened to revolutionize the finance markets, has historically tried to distance himself from his work, but has been tracked down with the help of model trains.

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Bitcoin hacks take over $650k as two exchanges admit break-ins

Bitcoin hacks take over $650k as two exchanges admit break-ins

Bitcoin hackers have claimed two more victims, with exchange Flexcoin announcing its virtual vault has been drained and that it will be ceasing operations immediately, while Poloneix confessed a security lapse of its own. "On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet" the company announced. "The attacker made off with 896 BTC," Flexcoin says, which works out to around $600,000 at today's rate.

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Mt. Gox files for bankruptcy, has $63.6 million in debt

Mt. Gox files for bankruptcy, has $63.6 million in debt

Bitcoin has been the most popular of the virtual currencies for a while now with a single coin worth hundreds and hundreds of dollars in the US. Things started to go wrong for one of the largest bitcoin exchanges over the last few months. Earlier this month the exchange stopped bitcoin withdrawals blaming a technical issue that made it possible for nefarious users to introduce fraud into the system.

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Bitcoin ban sought over economy concerns

Bitcoin ban sought over economy concerns

The future of Bitcoin has become uncertain in recent times, with Mt. Gox finding itself the source of controversy in recent days and its closure spawning the mass-sale of the digital currency, leaving many spooked and possibly leery over future involvement with the unregulated and oft-stolen funds. Following this hoopla, D-W.Va. Senator Joe Manchin has moved forward with a call to have the cryptocurrency banned.

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