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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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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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Let's face it: checks aren't convenient. If you're using them to pay for something, there's all the extra writing and mailing. If you're receiving them, there's a whole process for getting them into your account. Well, MasterCard says it solved the convenience issue with Send: a new system that al...

May 19th 2015 at 6:35pm 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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Sure, it's easy to use your bank cards when buying things abroad, but it's not pleasant to come home to all the additional fees and charges bolted on by your bank. One solution is to take cash, which carries its own risks, or sign up to a third-party issuer that tries to limit the damage to your a...

March 12th 2015 at 9:52am 0 Comments
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Bad news if you were hoping to swap Reddit Notes with friends: the internet community just put its don't-call-it-a-currency project on ice. As Reddit's Alexis Ohanian argues, the company doesn't want to dive into cryptocurrency (even when it doesn't have conventional monetary worth) until both the...

February 3rd 2015 at 11:32pm 0 Comments
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Remember how Russia's sudden currency devaluation led Apple to shut down its online store in the country, leaving locals without access to one of the biggest internet shops around? Well, Apple is back -- and unfortunately, the prices reflect Russia's new economic reality. If you want a 16GB iPhone...

December 22nd 2014 at 5:16pm 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...

December 19th 2014 at 7:37pm 0 Comments
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If you hadn't heard, the value of Russia's ruble is tanking -- and that's starting to make online store operators nervous. Apple tells Bloomberg that it has frozen internet sales in the country while its workers "review pricing." The company hasn't said when the store might come back, but it's a d...

December 16th 2014 at 7:01pm 0 Comments
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A reader discussion in a past Guild Wars 2 update article made me realize, once again, how much I loathe special event currencies. You know the type: It's patch day, and here's an event, and if you want the rewards, you have to grind a shiny new currency to get them! Never mind that you already hav...

November 21st 2014 at 8:00am 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...

November 17th 2014 at 6:11pm 0 Comments