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 →
Mt. Gox
Mt. Gox, once the world’s biggest bitcoin exchange, is likely to be liquidated after a Tokyo court dismissed the company’s bid to resuscitate its business, the court-appointed administrator said on Wednesday. CEO Mark Karpeles is also likely to be investigated for liability in the collapse of the Tokyo-based firm, the provisional administrator, lawyer Nobuaki Kobayashi, Continue Reading →
Amazon
Like bitcoin? Like Amazon? Want to use bitcoin to buy stuff from Amazon? I have some bad news for you. Not going to happen anytime soon. “Obviously it gets a lot of press and we have considered it,” Amazon payments head Tom Taylor told Re/code in a recent interview, “but we’re not hearing from customers Continue Reading →