bitcoin

Bitcoin’s alleged founder denies claim [UPDATE]

Bitcoin’s alleged founder denies claim [UPDATE]

Earlier today, a Newsweek report claimed to have unmasked the creator of bitcoin, drawing both interest and criticism for what some feel is an excessive invasion of privacy and questionable ethics. Following this, Satoshi Nakamoto had denied claims that he is behind the world's most popular cryptocurrency.

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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 to field inquiries via call center in Japan

Mt. Gox to field inquiries via call center in Japan

Embattled former Bitcoin exchange Mt. Gox is undoubtedly being hounded by questions from investors and users. The company has seemingly been forced to setup a dedicated call center in Japan in order to take, and hopefully answer, inquiries.

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Mt. Gox hit with class-action lawsuit

Mt. Gox hit with class-action lawsuit

Following the hoopla surrounding bitcoin exchange Mt. Gox, one former user of the service has filed a class-action lawsuit against the service on behalf of users who were affected by the closure. The lawsuit was filed in Chicago by Gregory Greene, who is claiming both fraud and negligence on the part of Mt. Gox.

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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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Nod to Pay turns Glass into mobile Bitcoin wallet

Nod to Pay turns Glass into mobile Bitcoin wallet

A Dutch start-up wants to make Bitcoin payments as easy as nodding your head, with EAZE revealing "Nod to Pay" using Google Glass, the virtual currency, and QR codes. Triggered by the voice command "OK Glass, make a payment" and then finalized by a simple nod gesture, the system makes payments a completely hands-off process.

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Mt. Gox CEO verifies leaked “Crisis Strategy Draft” contents

Mt. Gox CEO verifies leaked “Crisis Strategy Draft” contents

The drama surrounding Bitcoin exchange Mt. Gox continues as its CEO is reported to have confirmed the veracity of the Crisis Strategy Draft document leaked yesterday. The once popular exchange is now knee-deep in controversy and there is no sign of things letting up anytime soon.

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Bitcoin exchange Mt.Gox gives vague statement on currency woes

Bitcoin exchange Mt.Gox gives vague statement on currency woes

Bitcoin exchange Mt.Gox has commented on its sudden and unexpected outage, though the terse statement is unlikely to reassure those who had still hoped to withdraw their virtual money. Blaming "recent news reports" for creating uncertainty on both its own operations and the bitcoin market as a whole, Mt.Gox says it has no option but to freeze all transactions.

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Bitcoin exchange Mt. Gox suddenly vanishes from the Internet [UPDATE]

Bitcoin exchange Mt. Gox suddenly vanishes from the Internet [UPDATE]

The uncertainty and doubt surrounding the bitcoin cryptocurrency continues as the once popular bitcoin exchange Mt. Gox goes offline with nary an explanation. This disappearance comes just days after the embattled company's CEO resigned from the Bitcoin Foundation.

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Pony botnet amasses bounty in digital currencies

Pony botnet amasses bounty in digital currencies

The Pony botnet has been identified as a digital wallet thief, done so by Trustwave's SpiderLabs, which detailed its findings in a recent blog post. The botnet is known to steal credentials, but to a lesser degree it is also nabbing digital coins from the wallets of infected users. The theft takes place across multiple currency types: Bitcoin, Litecoin, and 28 more.

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