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You may still think of the Winklevoss twins as those guys who claimed to have invented Facebook, but they've just taken a big step toward making their names in the digital currency business. The two have filed a New York trust application necessary for them to launch their Gemini bitcoin exchange...

July 26th 2015 at 11:32am 0 Comments
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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...

July 6th 2015 at 1:31pm 0 Comments
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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...

July 4th 2015 at 9:43pm 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...

July 2nd 2015 at 11:10am 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...

July 1st 2015 at 4:47am 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...

June 7th 2015 at 9:00am 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...

June 5th 2015 at 4:41am 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...

May 21st 2015 at 10:39am 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...

May 19th 2015 at 12:24pm 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...

May 16th 2015 at 3:21am 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...

May 5th 2015 at 6:57am 0 Comments
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There's no such thing as being too crazy about security, especially when it comes to hoarding mountains and mountains of invisible, digital, volatile money. If that description hits a little too close to home, you might just have a new friend in the $199 Case, a physical bitcoin wallet the size of...

May 4th 2015 at 6:11pm 0 Comments