Circle
The implosion and subsequent liquidation of bitcoin exchange Mt. Gox last month played to the worst fears about digital currencies. Confusing to use and volatile as a store of value, bitcoin has also been the frequent target of hackers, thieves, and incompetent businessmen. Despite bitcoin’s appeal to venture capitalists eager to profit from a new Continue Reading →
Bitcoin
The U.S. Federal Election Committee said on Thursday that the virtual currency, bitcoin, could be used for donations to political action committees under certain conditions. In a unanimous vote, the FEC, which enforces U.S. campaign finance laws, said a political committee could accept donations in bitcoins up to an individual limit of $100 for each Continue Reading →
Bitcoin
Consumer protection agencies are getting worried about cryptocurrencies. The US Securities and Exchange Commission (SEC) issued an investor alert today warning about the risks of investing in bitcoin and other virtual currencies such as Peercoin, Dogecoin, and Minacoin. This is actually the SEC’s second cryptocurrency-related alert. The first was issued last summer after the agency Continue Reading →
Mt. Gox
U.S. and Canadian customers of failed Tokyo-based bitcoin exchange Mt. Gox have agreed to settle their proposed class action lawsuits that alleged the company defrauded them of hundreds of millions of dollars. The class action plaintiffs agreed to support a plan by Sunlot Holdings to buy the shuttered exchange and accept their share of bitcoins Continue Reading →
Bitcoin
Two MIT students have successfully raised more than half a million dollars in order to give all 4,528 undergraduate students on campus $100 worth of the cryptocurrency to use as they see fit. Rather than being another Bitcoin publicity stunt, the pair say that the intention is to establish a genuine ecosystem for digital currencies Continue Reading →
Bitcoin
Researchers scouring the official Google Play market have unearthed more Android apps that surreptitiously abuse end-user devices to carry out the computationally intensive process of mining Bitcoins. The malware, dubbed “BadLepricon” by its creators, was stowed away inside six five separate wallpaper apps that had from 100 to 500 downloads each, according to a blog Continue Reading →