Bitcoin

Bitcoin

Bank of America Says Bitcoin is the Next Big Thing

By

It appears not only people in the tech world believe Bitcoin is the currency of the future — one of the US’ biggest banks also sees legitimacy in the virtual currency. Bank of America published its first research report on Bitcoin on Thursday saying that the digital currency could become a major contender to other […]

Selfie

‘Selfie’ is the Word of the Year, According to Oxford Dictionaries

By

Last year Oxford University Press split its word of the year honors between the US and the UK, but for 2013 there’s one word to rule them all — and it is “selfie.” The term beat out contenders like twerk, bitcoin, and binge-watch, due largely to its remarkable uptick in usage. According to research conducted […]

Bitcoin

Bitcoin 101: What Exactly ARE Bitcoins?

By

Members of Congress will get a crash course on bitcoin on Monday, the digital “currency” that allows users to conduct transactions online. In just five years the virtual currency has gone from being worth pennies to nearly $600 a piece. It has funded nascent democracy movements as well as a huge underground marketplace for illegal […]

Digital Wallet

Leather’s Long Gone: Smartphones and the Digital Wallet

By

Only 27 percent of store purchases were made with cash in 2011, a number that’s projected to continue declining in the future, according to the Huffington Post. Credit card transactions accounted for 66 percent of in-store purchases. It looks like plastic might soon be following cash out of store doors, however, due to the digital […]

Bitcoin

All Bitcoin Wallets on Android are Susceptible to Theft

By

Bitcoin.org released a security advisory over the weekend warning the Bitcoin community that any Bitcoin wallet generated on any Android device is insecure and open to theft. The insecurity appears to stem from a flaw in the Android Java SecureRandom class, which under certain circumstances can produce numbers that aren’t truly nondeterministic. This can allow […]