Post Thumbnail

Remember how the discovery of a botnet took much of the value out of the Mt. Gox Bitcoin exchange, leading it to declare bankruptcy? Yeah, investors aren't happy about that -- and they're now demanding compensation. One of them, Gregory Greene, has filed a lawsuit accusing the exchange of fraud fo

10 months ago 0 Comments
February 28, 2014 at 3:28PM
Post Thumbnail

Many will tell you that Bitcoin stands on shaky legal ground. Senator Joe Manchin, however, believes it's outright dangerous -- to the point that he has sent a letter to regulators asking them to ban the digital currency. There's no regulation, he says, and Bitcoin's mix of anonymity and irreversi

10 months ago 0 Comments
Post Thumbnail

BlackBerry's showing off its plans to woo back all of the customers who ditched it during the BB10 transition. In addition to two new handsets, the Canadian outfit is also considering turning BBM into a mobile payments platform in the emerging markets where it still has traction. In a chat with Re

10 months ago 0 Comments
Post Thumbnail

Unfortunately, you can't assume that Bitcoin is legal everywhere you go -- it's safe to use the digital cash in some countries, but it's mostly verboten in others. However, you won't have to travel blind. The US' Law Library of Congress has just published a report (PDF) that outlines Bitcoin's leg

10 months ago 0 Comments
Post Thumbnail

While it's legal to pay with Bitcoin in the US, the digital currency hasn't been very useful for mainstream shoppers. However, that's changing today -- Overstock has just become the first major American online retailer to accept Bitcoin. You'll still see prices listed in old-fashioned dollars, b

11 months ago 0 Comments
Post Thumbnail

We're pretty sure no Government is entirely thrilled at the idea of Bitcoin, but China's now made its feelings very explicit. The nation's various regulators have barred banks from dealing in the electronic currency, saying that it doesn't have legal status and shouldn't be allowed to circulate in

1 year ago 0 Comments
Post Thumbnail

Wealth. Big stinking masses of it. That's what the Bank of England is letting you get a glimpse of through its own official app. A panoramic tour gives a scrollable view of an unspecified number of gold bars, each weighing in at 13kg and -- more importantly -- worth around £350,000 ($528,000

1 year ago 0 Comments
Post Thumbnail

Each week Joshua Fruhlinger contributes This is the Modem World, a column dedicated to exploring the culture of consumer technology. We worship money. It can be exchanged for life-sustaining stuff, makes us powerful and drives us to make new things. It also drives us to do some very strange stuff,

1 year ago 0 Comments