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Bankrupt Bitcoin Exchange Stumbles upon $120 Million Stashed in Offline Wallets

Bankrupt Bitcoin Exchange Stumbles upon $120 Million Stashed in Offline Wallets Bankrupt bitcoin exchange Mt. Gox, which filed for bankruptcy protection in Tokyo last month, and raised doubts about the viability of the virtual currency, has announced stumbling upon a stash of about 200,000 bitcoins kept in offline wallets.   The…>read more

No Comment March 21, 2014

U.S. District Judge Loosens Freeze on Bitcoins

U.S. District Judge Loosens Freeze on Bitcoins   U.S. District Judge Gary Feinerman, who froze the assets belonging to Bitcoin exchange Mt. Gox Co., according to Bloomberg News has loosened his restraint and revised the temporary order that he issued on March 11. The plan is reportedly to…>read more

No Comment March 20, 2014

More Bitcoin Turmoil

More Bitcoin Turmoil   The author of The End of Money: Counterfeiters, Preachers, Techies, Dreamers – And the Coming of Cashless Society, David Wolman, in a blow to Bitcoin, said that the latest crazy episode won’t mean the end of bitcoin so long…>read more

No Comment February 25, 2014

Bitcoin in Money Laundering Operations

Bitcoin in Money Laundering Operations     One of the first successful implementations of a distributed crypto-currency, Bitcoin was designed around the idea of using cryptography to control the creation and transfer of money, rather than relying on central authorities. The Bitcoin is called a…>read more

No Comment February 11, 2014

Vice President of Bitcoin Arrested for Laundering

Vice President of Bitcoin Arrested for Laundering   If money is the root of all evil, how about fake money? How about Bitcoins, this made-up currency that is trying to be the universal money of the internet? It seems even fake money tends to corrupt, if there…>read more

No Comment January 28, 2014

Alibaba Ban: China Tightens Rules around Bitcoins

Alibaba Ban: China Tightens Rules around Bitcoins   Unlike any currency ever created, Bitcoins are governed by a computer protocol, rather than a central authority. Instead of serving one country or a group of countries, Bitcoin serves the whole world – a global currency.   Bitcoin is…>read more

No Comment January 14, 2014

Bitcoin Isn’t the Way of the Future

Bitcoin Isn’t the Way of the Future     Introduced in 2009 by developer Satoshi Nakamoto, Bitcoin is a peer-to-peer payment network based on an open source protocol and a digital currency that is used in the network. The decentralized digital currency enables instant payments to anyone,…>read more

2 Comments January 1, 2014

In the Gloomy World of Bitcoin, Deceit is Quicker than the Law

In the Gloomy World of Bitcoin, Deceit is Quicker than the Law   The message was sent out on Twitter: “For insane profits come and join the pump.” The invitation was to a penny stock­style pump and dump scheme, ­only this one involved Bitcoin, the ascending, slightly daunting virtual currency that has…>read more

No Comment December 6, 2013