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.
Dogecoins, the cryptocurrency that arose to a degree of unexpected popularity in recent times, was mined without permission on Harvard's supercomputing cluster, it has been reported. The issue resulted in the person responsible having their privileges stripped, according to an internal email that surfaced by way of The Harvard Crimson.
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.
Bitcoin, the most popular cryptocurrency available, is stored using a digital wallet app, some of which are more secure than others. The most popular among these is Blockchain, which was removed from the App Store tonight. The reason provided alluded to an issue that hadn't been resolved, but Blockchain contends that Apple hasn't provided any specific reason for its action.
Earlier this month, the cryptocurrency called Dogecoin, based on the amusing Doge meme, managed to raise more than $30,000 in Dogecoin donations, sending the Jamaican bobsled team to the 2014 Sochi Winter Olympics. The good deeds haven't ended there, however, and now the generous digital miners have donated the funds needed to send a team from India to the winter games.
Tesla discussed its Model S pricing for the Chinese market yesterday, doing so alongside the launch of its online design studio in the nation. For Chinese buyers, the Model S will come with a 734,000 CNY price tag, a figure the auto maker has described as both risky and fair in comparison to its competitors' prices.
It seems almost ridiculous that people have to pay others just to use their own money, but that is how the world currently turns. T-Mobile, however, is of a different opinion and is introducing Mobile Money as a way to keep those check cashers, payday lenders and withdrawal fees at bay.