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Imagine a version of Reddit that's fully peer-to-peer like BitTorrent, and which relies on small bitcoin transactions to function. That's something the company was actually considering last year, according to Ryan Charles, Reddit's former cryptocurrency engineer. He was hired by former Reddit CEO ...

1 day ago 0 Comments
July 6, 2015 at 1:31PM
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Digital currencies are only as reliable as their software, and some Bitcoin users are learning this the hard way. Thanks to a "problem" with an upgrade that applies a new rule, some Bitcoin mining pools (namely, those that don't usually wait to validate their money) have been generating invalid da...

3 days ago 0 Comments
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Disgraced DEA agent Carl Force has pleaded guilty to charges of extortion, money laundering and obstruction of justice. The official committed the crimes while himself investigating the online black market Silk Road, as well as the activities of its founder, Russ "Dread Pirate Roberts" Ulbricht. I...

5 days ago 0 Comments
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The MIT Media Lab and two bitcoin experts have unveiled a prototype encryption system that lets you share it with a third party (or be computed with), without anyone else decrypting it. It means untrusted computers could still be tasked with dealing with sensitive data, but without putting said da...

6 days ago 0 Comments
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By Geoff Weiss, Entrepreneur Staff Many mistakenly believe it's a company. Others say it is bound to be destroyed by regulators. In some circles, it has been described as nothing more than a conduit to buy and sell drugs. As a relatively nascent technology, misconceptions about Bitcoin abound. T...

1 month ago 0 Comments
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New York has finally issued an official set of rules for businesses that deal with Bitcoins. If you recall, New York Superintendent of Financial Services Benjamin M. Lawsky and his team have been writing and rewriting those regulations for the past two years, taking criticisms into account. Lawsky...

1 month ago 0 Comments
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Much like the idea that Santa Claus wears red, the notion that you should spend a fortune on a diamond engagement ring is the invention of advertisers. So, since the act is already about ostentatious displays of wealth, why not invest your money in something more useful than a big rock -- like bit...

1 month ago 0 Comments
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Bitcoin's march toward legitimacy just took a hop, skip and jump with the news that the New York Stock Exchange is going to start monitoring its value. The NYSE Bitcoin Index (NYBXT) will keep a beady eye on how much the cryptocurrency is worth, relative to the US dollar, with the data being pulle...

1 month ago 0 Comments
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One of the problems with virtual currency is that when it's robbed from a bank, it's going to take an awful lot of work to make it look exciting in a movie. So I feel for future filmmakers who have to dramatize something like the recent Chinese cyber heists where the culprits demanded bitcoins f...

1 month ago 0 Comments
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There's no short, elegant way to describe bitcoin, but if you put a gun to our heads, we'd say that it was digital gold. That's because the cryptocurrency is based on a limited quantity of a resource that is then used as a method of exchange. Unfortunately, bitcoin's popularity within the high-min...

2 months ago 0 Comments
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Bitcoin's journey on the road to legitimacy has just taken a step backwards with the news that the Bitcoin Bowl is no more. The event was a tie-up between Bitcoin payment processor BitPay and ESPN to re-brand NCAA post-season game the St. Petersburg Bowl as the Bitcoin Bowl. According to CoinDesk,...

3 months ago 0 Comments
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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...

3 months 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...

3 months 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 ...

3 months 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...

4 months 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...

4 months 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...

4 months 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...

4 months ago 0 Comments