bitcoin

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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FTC shuts down Bitcoin mining rig maker Butterfly Labs

FTC shuts down Bitcoin mining rig maker Butterfly Labs

As Bitcoin rose in value and the popularity of cryptocurrencies spiked, companies began cropping up hawking pre-built PCs called mining rigs designed specifically for digital mining. One such company was Butterfly Labs, which was just recently shut down by the FTC over questionable business practices.

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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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Bitcoin creator’s email account may have been hacked

Bitcoin creator’s email account may have been hacked

Poor Satoshi Nakamoto, supposedly just a pseudonym, can't seem to catch a break. Six months ago, we was outed as the creator of the popular, or unpopular, Bitcoin, at the height of the cryptocurrency's scandal surrounding the Mt. Gox bitcoin exchange. Now he loses control of one of the most important parts of a person's digital lifestyle: his email address.

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eBay tipped to be considering Bitcoin adoption

eBay tipped to be considering Bitcoin adoption

It seems that cryptocurrency will really be here to stay, especially if retail giants start taking it seriously. According to insider sources, eBay is in talks with various Bitcoin exchanges, seeking to integrate this new kind of currency into its existing Braintree payment system, opening the doors to paying for popular services like Uber using intangible money.

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Dell’s latest business move lands $50,000 order paid in Bitcoin

Dell’s latest business move lands $50,000 order paid in Bitcoin

In July, Dell announced that it would begin accepting Bitcoin payments, a big business move for the computer-centric company. Fast-forward, and the company's CEO Michael Dell has tweeted another announcement: that it received an order paid with 85 Bitcoins.

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Wikipedia is rolling in Bitcoin donations

Wikipedia is rolling in Bitcoin donations

Bitcoin may be variously misunderstood and mistrusted by financial regulators, but users of the virtual currency are clearly also Wikipedia fans, if the first batch of donation numbers are anything to go by. The Wikimedia Foundation only began accepting bitcoin a week ago, but according to payment provider The Coinbase, the non-profit organization behind the editable-by-all encyclopedia has already raised more than $140,000.

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Dell adds bitcoin payment option

Dell adds bitcoin payment option

Dell made a surprise announcement today: the company is now accepting Bitcoin, allowing those shopping for their next computing gadget to fork over the cryptocurrency rather than a traditional credit card. "Now you can buy digital with digital," says the company.

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New York seeking Bitcoin regulations: anonymity at stake

New York seeking Bitcoin regulations: anonymity at stake

Being anonymous is one of the big selling points, so to speak, behind the use of Bitcoin and similar cryptocurrencies. In the same vein, the ability to be anonymous has also been one of the biggest concerns, and now New York is targeting it with proposed regulations.

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Synology NAS drives hacked to mine Dogecoins

Synology NAS drives hacked to mine Dogecoins

Users of Synology's products might enjoy having their own personal clouds at home or in the office, but if they're not careful, they might be unknowingly making some hacker or hackers thousands of dollars. This is the scenario painted by security company Dell SecureWorks when it revealed how a number of Synology's drives have been compromised in order to produce Dogecoins.

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Bitcoin miner could discredit currency’s decentralized benefits

Bitcoin miner could discredit currency’s decentralized benefits

Bitcoin might once again be losing some face. After a series of controversies surrounding the once-popular Mt. Gox bitcoin exchange, the cryptocurrency might soon be put under a microscope after one miner has been noticed to be providing 51 percent of the whole network's computational power and putting the currency's security in jeopardy.

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