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.
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.
When it comes to getting your hands on the virtual currency bitcoin, there are a couple ways you can do it. You can buy bitcoin at one of the exchanges. You can also get your own hardware and set about mining for your own bitcoin. Bitcoin mining isn't an easy task though and you aren’t guaranteed to get your hands on the virtual currency.
Bitcoin is one of the most popular of the virtual currencies out there. Even though it is popular, it has faced a number of issues including being deemed illegal in Russia. A number of companies have been working to make it easy to use bitcoin to pay for things and to buy and sell bitcoin.
Following federal agents seizing the first iteration of the online blackmarket Silk Road, the illicit store was reincarnated as the Silk Road 2. In recent times, a so-called "transaction malleability" Bitcoin protocol bug has lead to some exchanges putting the brakes on withdrawals, and that same bug has allegedly resulted in the Silk Road 2's Bitcoin reserve being swiped.
Bitcoin has been under increasing scrutiny all around the world as it gains popularity. Many governments are saying that bitcoin is increasingly used for illegal activities like terrorism funding and money laundering. We mentioned earlier today that Russian authorities had deemed bitcoin illegal.
The resistance to bitcoin on the part of governments around the world is building. The latest country to speak out on bitcoin is Russia and authorities within the country have come down hard on the virtual currency. Russian authorities have issued warnings against the virtual currency stating that it can be used to finance terrorism and for money laundering.
Bitcoin's popularity has come with ups and downs, the most recent of which being criminal charges against vendors for money laundering, something believed to be the first case of its kind. Unfortunately, the arrests involved transactions that took place over one of the last remaining destinations to buy anonymous Bitcoins, endangering the future of the cryptocurrency's anonymous future.