Bitcoin

Troubled Bitcoin exchange Mt. Gox, once the largest of its kind, filed for bankruptcy protection last week. on Monday, the exchange released a statement that confirms approximately 750,000 Bitcoins deposited by users and about 100,000 Bitcoins belong to Mt. Gox had disappeared in February. This acknowledgment comes after a document claimed to be leaked out Continue Reading →

Here are 10 reasons why a US dollar is worth the paper it’s printed on: USS Nimitz (CVN-68) USS Dwight D. Eisenhower (CVN-69) USS Carl Vinson (CVN-70) USS Theodore Roosevelt (CVN-71) USS Abraham Lincoln (CVN-72) USS George Washington (CVN-73) USS John C. Stennis (CVN-74) USS Harry S. Truman (CVN-75) USS Ronald Reagan (CVN-76) USS George Continue Reading →

Mt. Gox, the troubled exchange for the virtual currency Bitcoin, filed for bankruptcy protection on Friday and said that it might have lost 750,000 of its customers’ coins, essentially all of them, in a hacking attack. The Tokyo-based exchange, which warned this month of a software flaw that may have allowed hackers to defraud it Continue Reading →

A Democratic U.S. senator is asking the federal government to take this remarkable step: completely ban Bitcoin. Sen. Joe Manchin of West Virginia sent a letter today to the Treasury Department, the Federal Reserve, and other regulators characterizing the virtual currency as encouraging “illicit activity” as well as being “highly unstable and disruptive to our Continue Reading →

The Dogecoin started off as a penniless Internet joke. But Matt Thompson plans on selling his vacation home for this meme-inspired currency. The 27-year-old entrepreneur has been selling games and gadgets over the Internet for years, but nothing as big as his Wisconsin vacation home, which he is offering for 100 million Dogecoins. Dogecoin (pronounced Continue Reading →

The Bitcoin community is on edge as a leaked document shows that the Mt. Gox exchange, a longtime pillar of the virtual currency, is missing hundreds of millions of dollars worth of customer money and is heading for bankruptcy. Meanwhile, the leaders of high profile Bitcoin companies, including Coinbase and Circle, issued a public letter Continue Reading →

Bitcoin miners and investors will not be regulated by the US Treasury. The clarification came in a pair of rulings on Thursday from the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury Department, which said that people who mine virtual currencies for personal use and businesses that buy and sell virtual currencies Continue Reading →

Another step for Bitcoin entering mainstream commerce and consciousness. The Sacramento Kings basketball team has started to let fans pay for tickets and merchandise using the cryptocurrency — becoming the first professional sports team to hop on the Bitcoin bandwagon. People who visit the Kings’ physical retail store in Sacramento can already go in and Continue Reading →

Security remains a major pain point for Bitcoin — as a number of hacks on companies involved with the virtual currency prove — and that’s led Coinbase, the most heavily funded Bitcoin startup out there, to beef up its measures. The company has extended its two-factor authentication security process when sending over $100 in Bitcoin Continue Reading →

When Kanye West wrote the lyric, “I’m chilling, trying to stack these millions,” he probably did not mean digital currency. But a new technology might give him pause, or at least have him scratching his head. In a sign that the frenzy over Bitcoin may have reached a new level of ridiculousness, there is now Continue Reading →