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Charlie Shrem, former Bitcoin Foundation board member and CEO of the now-defunct exchange BitInstant, has been sentenced to two years in prison for helping Silk Road users anonymously swap cash for digital currency. Silk Road, as you know, was the online marketplace infamous for hosting anonymous

7 days ago 0 Comments
December 21, 2014 at 6:02AM
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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

8 days 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

1 month 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

2 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

2 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

3 months ago 0 Comments
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Popularity just isn't easy. That's something cryptocurrencies, like Bitcoin, are starting to grasp. Yes, they're now being accepted as a formal method of payment by more and more places, but some government entities still can't figure out how to treat them properly, particularly in the US. Case in

5 months ago 0 Comments
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Let's assume that you've just spent more than $200,000 on some of Russ Ulbricht's Bitcoin fortune -- but what do you do with it now? If it were us, we'd sit on our couch, constantly referencing Coindesk to find out how much our stash had gained (or lost) across the day. If, however, you'd prefer t

5 months ago 0 Comments
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While Bitcoin tries to go mainstream, many supporters still celebrate its \"anarchist spirit\" -- but certainly not the FBI. According to the WSJ, they're probing the now-collapsed Mt. Gox exchange and several others in connection to Silk road, the notorious former drug marketplace. Authorities rece

7 months ago 0 Comments
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Ever since sites like Silk Road showed the dark side of anonymous Bitcoin transactions, governments have been trying to regulate the crypto-currency. But a group of coders -- headed by 3D-printed gun creator Cody Wilson and Amir Taaki (above) -- want to keep that genie out of the bottle with a new

8 months ago 0 Comments
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Some online retailers are quick to say whether or not they'll accept Bitcoins, but local shops aren't always so forthcoming -- and community mapping efforts like CoinMap only reveal so much. It might not be hard to find a cryptocurrency-friendly store in the near future, though. Yelp has added a f

8 months ago 0 Comments
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People love referring to Bitcoin as a \"cryptocurrency,\" but the Internal Revenue Service looks at it a little differently. According to a new IRS statement, Bitcoin should be considered property, not currency. What does that mean for US Bitcoin aficionados? Quite a bit, actually.

9 months ago 0 Comments