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$820,000. That's how much former Secret Service agent Shaun Bridges pilfered in bitcoin during his time investigating the online black market, Silk Road. Bridges pleaded guilty to money laundering and obstruction of justice recently and the Department of Justice says that it was analyzing the "blo...

September 1st 2015 at 1:48am 0 Comments
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Recommended Reading highlights the best long-form writing on technology and more in print and on the web. Some weeks, you'll also find short reviews of books that we think are worth your time. We hope you enjoy the read. Robots Will Steal Our Jobs, But They'll Give Us New Ones by Cade Metz Wired...

August 29th 2015 at 9:30am 0 Comments
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Whenever someone brings up Bitcoin, the first thing that comes to everyone's mind is an image of Mike Tyson. After all, cryptographic currencies beloved by investment wonks, libertarians and drug kingpins go hand-in-hand with the controversial former heavyweight champion of the world. That's why i...

August 21st 2015 at 10:41am 0 Comments
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Tokyo's district court has ruled that it's not possible for people to own bitcoin, and therefore they can't sue for compensation in the wake of Mt. Gox's collapse. The ruling comes a few days after the head of what used to be the world's largest bitcoin exchange was arrested on charges of fraud co...

August 6th 2015 at 2:45pm 0 Comments
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It's been months since Tokyo police revealed their belief that the Mt. Gox bitcoin heist was an inside job, and tonight they arrested its former CEO, Mark Karpeles. Some 650,000 bitcoin still remain unaccounted for since the exchange shut down in 2014, which Karpeles blamed on a computer flaw. Acc...

July 31st 2015 at 11:51pm 0 Comments
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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