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Virtual currency bitcoin is starting to get its act together. A startup funded with $106 million from the New York Stock Exchange as well as banks and venture capital firms, is set to launch the first licensed US bitcoin exchange. Coinbase reckons it'll add increased security to traders as well as...

47 minutes ago 0 Comments
January 26, 2015 at 7:44AM
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One of the biggest draws of using bitcoin as a method of exchange is the lack of any form of regulation. Unfortunately, that's left the cryptocurrency with a reputation problem, which is why countries like India, China and Russia are trying to shut it down. The Winklevoss twins, however, feel that...

2 days ago 0 Comments
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Cryptocurrency may as well be called "cryptic currency," because it's nowhere near as easy to figure out as typical money. For one, while most of them (and yes, there's more than one) have names that end with "-coin," they don't usually come in physical form. Yes, they do represent money in digita...

4 days ago 0 Comments
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You'd think that a collapsing rouble, plunging oil prices and with trade sanctions at every turn, Russia would have more important things to deal with than Bitcoin. That's why it's such a surprise to see the nation's equivalent of the FCC banning five websites related to the cryptocurrency. In add...

11 days ago 0 Comments
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Bitstamp has just suspended its Bitcoin exchange services, because some of its operational wallets have been compromised. And, while it's nowhere near the scale of the Mt. Gox debacle (850,000 Bitcoins gone), the company says hackers still made off with 19,000 BTC or roughly $5 million. The servic...

20 days ago 0 Comments
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It's been about ten months since the Mt. Gox bitcoin exchange turned out the lights, blaming hackers or a bug in the blockchain as reasons why 850,000 bitcoin it held had suddenly disappeared. Today the Japanese paper Yomiuri Shinbun (English) reports that Tokyo Police investigating the events hav...

25 days ago 0 Comments
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New York City wants to make it easier for the recipients of its some 8-to-10 million annual parking tickets to pay their fines. To do so, it's accepting pitches for payment systems that'd take advantage of mobile tech and things like Apple Pay and bitcoin. New York has an online payment system in ...

26 days ago 0 Comments
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Back when Reddit -- bastion of the internet's weirdest conversations -- raised another $50 million in venture funding, the investors involved agreed to give a combined 10 percent of their shares back to the site's users. For almost three months, none of us knew exactly how that would happen, but n...

1 month ago 0 Comments
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Bitcoin just got a big boost in stature as Microsoft is now accepting the cryptocurrency for digital content from its stores. If you live in the US, you can use it to buy apps, games, music and videos from the Windows, Windows Phone, Xbox Games, Xbox Music and Xbox Video stores. According to Coind...

1 month ago 0 Comments
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iPad on a face, a Google Glass app that makes the user throw up and a device powered by twerking. These are but some of the masterpieces out of this year's Stupid Hackathon, and they all embody what the event's organizers are looking for: "stupid shit no one needs and terrible ideas." Now before y...

1 month ago 0 Comments
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Online criminals aren't just trying to extract ransoms from unsuspecting individuals; they're targeting whole cities, too. Detroit Mayor Mike Duggan has revealed that hackers tried to hold a city database hostage in April, demanding 2,000 Bitcoins (currently worth about $803,500) before they hande...

2 months ago 0 Comments
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Want a virtual piece of law enforcement history? You're about to get your chance. The US Marshal's Service is holding an auction on December 4th that will sell off 50,000 Bitcoins from Ross Ulbricht (aka Dread Pirate Roberts), the alleged founder of the black market website Silk Road. You'll need ...

2 months ago 0 Comments
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A widespread attack has exposed millions to malware that holds files to ransom. The campaign, which was first detected a month ago, placed fake adverts on websites such as Yahoo, AOL and The Atlantic that installed so-called "ransomware" onto a victim's computer. The attackers stole assets from th...

3 months ago 0 Comments
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Technology swap shop CeX has today become the first UK retailer with a far-flung high street presence to widely support Bitcoin. Earlier in the year, CeX briefly experimented with the cryptocurrency at one of its Glasgow locations, which also became home to Scotland's first Bitcoin ATM, shortly be...

3 months ago 0 Comments
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March was a busy month for Dorian Satoshi Nakamoto -- Newsweek named him as the "face behind Bitcoin," a cryptocurrency the California resident claims to have only heard about a few weeks before the article's publication. Nakamoto hired a lawyer and issued a unconditional denial of allegations. No...

3 months ago 0 Comments
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When Circle's Bitcoin bank launched in May, the only way that you could sign up was if you had an invitation. From today, however, the nascent financial institution has opened its doors to everyone in the world. Circle is pitching itself as a legitimate Bitcoin repository, adhering to US anti-mone...

3 months ago 0 Comments
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PayPal has been coy about embracing virtual currencies so far, but it just took a big step toward welcoming them with open arms. As of today, the company's deals with processing firms BitPay, Coinbase and GoCoin let you pay with Bitcoin at North American online stores that both use PayPal's Paymen...

4 months ago 0 Comments