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While Ross Ulbricht was found guilty for creating and running the online black market known as Silk Road, it seems that a couple of Federal agents assigned to the case weren't so innocent either. The US Justice Department has just charged two former Federal agents involved in the investigation for...

4 hours ago 0 Comments
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Even a company like Chaotic Moon, that has made headlines here for its odd, genre defying creations has to bow to the lure of trends every so often. Fitcoin (not to be confused with the several other apps of the same name) hops on the wearble and bitcoin bandwagon. It starts with any activity trac...

15 days ago 0 Comments
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Bitcoin may have a long march toward legitimacy, but that doesn't mean its technical design isn't about to go mainstream. Reuters is reporting that IBM is examining the cryptocurrency's inner workings in an attempt to build a new form of international payment system. The idea behind the scheme is ...

17 days ago 0 Comments
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If you recently installed or updated uTorrent on your PC, you may have have picked up an unwanted passenger: a bitcoin miner called Epic Scale. If you don't pay attention, that piece of code can be inadvertently installed with the latest uTorrent build (version 3.4.2). It can then use your compute...

24 days ago 0 Comments
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In what seems like a relatively short stretch, bitcoin has gone from shady cryptocurrency to legal tender, at least in some parts of the world. Support from a couple of big brands has certainly helped its credibility, and after Dell introduced the option to pay with bitcoin in the US last July, th...

1 month ago 0 Comments
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Of the various attempts to bring Bitcoin into the mainstream, Circle's US-based bank is one of the more prominent. The outfit is now boasting about how managing your crypto-money is even easier, thanks to a series of tweaks for its mobile apps. The two most notable are that you can now use NFC-bas...

1 month ago 0 Comments
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It's a story that belongs in a major motion picture. Hidden identities, narcotics, money laundering, computer hacking, blackmail and even attempted murder are all parts of this dramatic tale. But the story behind Silk Road, the online black market for drugs and other illegal goods, is not fiction. I...

1 month ago 0 Comments
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After a trial of several weeks, a federal jury has found Ross Ulbricht guilty of running and operating the online black market known as Silk Road. He was found guilty on all seven charges, which include money laundering, narcotics trafficking and computer hacking. Ulbricht was accused of being the...

1 month ago 0 Comments
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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 months 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...

2 months 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...

2 months 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...

2 months 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...

2 months 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 ...

2 months 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...

3 months ago 0 Comments
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Alongside cash and credit, Microsoft will now also accept Bitcoin in exchange for digital content, including music, movies and games on its Xbox consoles and Windows devices. Bitcoin fans wanting to use their money on Microsoft's goods have a few caveats to keep in mind. First, you can't directl...

3 months ago 0 Comments