Bitcoin

Bitcoins

Bitcoin: Money, Currency or Something Else?

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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 […]

Mt. Gox

Mt. Gox Files for Bankruptcy Protection After Losing ~$450 Million in Bitcoin

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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 […]

Bitcoin

Sen. Joe Manchin Seeking Complete U.S. Ban on Bitcoin

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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 […]

Dogecoin

A Man is Trying to Sell His Vacation Home in Dogecoin

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 […]

Bitcoin

Bitcoin Exchange Mt. Gox Collapses, Throws the Currency Into Chaos

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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 […]