Items tagged with bitcoin

It seems that it was just yesterday that someone had to know a thing or two about software and programming to wreak havoc on fine upstanding Internet citizens via malware incursion. Ah, the good old days. Nostalgia aside, though, one cannot help but feel rattled by the news that security researchers at McAfee have discovered new software with which the oh-so-nefarious out there can easily construct their own ransomware. And not only is such a product in the wild, but it is online software, too, accessible by anyone capable of navigating a keyboard and a TOR browser. ... Read more...
Bitcoin’s price is dropping, and no one has a clear explanation for why. After dropping to an all-time low of about $181 over the weekend, the value of Bitcoin has improved to about $330 – still well below the highs the digital currency once enjoyed. Theories for the recent drop abound, but few experts are finding an explanation on which they can agree. Bitcoin enthusiast Roger Ver is defending the digital currency. If you are a long-time bitcoin investor, you’ve been on quite a ride. The digital currency reached a peak of $1,150 in December of last year and retailers like Dell... Read more...
Bitcoin is quickly overcoming its sketchy past, one that was linked with illicit drug markets and other illegal activities. It's still a highly volatile currency, but it's also one that more and more online and offline vendors are willing to gamble on. That includes online auction site eBay, which is reportedly in talks with various bitcoin payment processing companies, including Coinbase, to integrate bitcoin processing into its Braintree payments subsidiary, which is a part of PayPal. According to a report in The Wall Street Journal, no agreement has yet been reached. Should a deal eventually... Read more...
Bitcoin just landed a big time partner in Dell, the third largest PC maker in the world and now the largest e-commerce merchant to accept the cryptocurrency. Dell doesn't get the distinction of being the first system builder to jump on the bandwagon, but with nearly $60 billion in annual sales, the OEM is by far bitcoin's biggest e-commerce coup. Coinbase is the bridge connecting the two, and with the third-party payment processor's integration, Dell is able to accept bitcoin payments from both its home consumer and small business clients in the U.S. To pay with bitcoin, you simply add items to... Read more...
The somewhat controversial cryptocurrency known as Bitcoin continues to show signs that it's here to stay, as opposed to a passing tech fad. More and more companies are starting to accept Bitcoin as payment for goods and services, and even Google is embracing it, or at least acknowledging that it's an important part of today's Internet culture. In collaboration with Coinbase, you can now look up conversion rates for Bitcoin using Google Search. Google Finance partnered with Coinbase a month ago to launch a Bitcoin price tracker that allowed for quick and easy BTC-to-fiat price conversions compatible... Read more...
California fancies itself a fairly progressive state, so it wouldn't be all that shocking if Bitcoin ATMs littered the length of the location of the west coast within the next few years. For now, however, there are just two and they exist in the Los Angeles area. They're managed by ExpressCoin, a Bitcoin payment processor based out of Santa Monica. You can find one of them at 5825 Franklin Avenue in Hollywood and the other at 701 Lincoln Blvd. in Venice. Both ATMs are worth $15,000 and were built by Robocoin out of Las Vegas. Image Source: US Finance Post Bitcoin ATMs are a rare breed at this early... Read more...
The bumpy Silk Road saga is finally coming to an end after the U.S. Marshals Service auctioned away some 30,000 Bitcoins that were confiscated from the site. It was a 12-hour auction consisting of nine blocks of 3,000 Bitcoins and a single block of 2,657 Bitcoins. All combined, the confiscated cryptocurrency was worth just shy of $18 million. Silk Road was once a popular site for purchasing illegal drugs and other shady miscellaneous items. Bitcoin quickly became a preferred method of payment due to its anonymous nature, which had obvious appeal for buyers trying to keep their activities on the... Read more...
We all make mistakes, but as it turns out, some of them are more significant than others. As the Silk Road and Bitcoin saga continues, it appears that a list of bidders who were hoping to place bids for the ~$18 million in seized assets from Silk Road's closure have been made public. For a bit of background, around 30,000 Bitcoins were confiscated from Silk Road after it was seized and shut down for illegal practices. The U.S. Marshals Service was helping to handle a nine block bidding process, whereby the $18 million in assets could be re-entered into the market via legal means. Unfortunately,... Read more...
Apple made a huge amount of announcements today as it pertains to OS X and iOS 8, but one theme managed to translate throughout: it's opening itself up a bit more than it has in the past. That means that third-party keyboard apps will now be supported throughout the OS, and third-party apps will have access to the Touch ID fingerprint sensor. Beyond all of that, it appears that even Bitcoin will be supported within iOS 8, which is a direct 180 from Apple's stance just a few months ago. The company had been fair heavy-handed with its disapproval of apps related to the virtual currency, and while... Read more...
We're not going to stand on our soap box and talk about how pirating games is wrong and how it robs publishers and developers of the fruits of their labor. We won't even bring up how piracy has led to increasingly intrusive and annoying DRM schemes. However, we will point out that there are other reasons why you should think twice about pirating a PC game, one of the biggest being the risk of infection. Can you really trust that torrent file to be free of malicious debris? Not always. There's a torrent floating around that claims to be an early version of Ubisoft's forthcoming Watch Dogs title,... Read more...
Depending on where you live and shop, you can buy a taco with Bitcoin, a form of virtual currency. You can also buy computer systems and even a Lamborghini with Bitcoin. Despite various shady activities and scandals associated with untraceable crypto-currencies like Bitcoin, the list of things you can buy with it keeps it growing. Heck, you can even make donations to political committees. The U.S. Federal Election Committee (FEC) is allowing Bitcoin to be used to make donations to political action committees under certain conditions, Reuters reports. Following a unanimous vote, the FEC approved... Read more...
Security researchers at Trend Micro report finding a new Android malware family designed to mine crytocurrencies like Bitcoin, Litecoin, and Dogecoin. The malicious mining code is being repackaged in copies of popular apps like Football Manger Handheld and TuneIn Radio. To hide the code, malware writers modify the Google Mobile Ads portion of the app, allowing them to slip into Google Play. Once installed, the hidden code gets busy mining virtual currencies in the background. It detects when there's an Internet connection so that the CPU miner can connect to a dynamic domain, which then redirects... Read more...
A couple of months ago, iBUYPOWER got into the coin-mining craze by designing a PC series targeted squarely at it. Called Mine, the PCs feature only AMD Radeon graphics cards, since those currently give the best returns. In that post, I mentioned, "Given the incredible growth that cryptocurrencies have seen over the past year, I'm willing to bet that iBUYPOWER is going to be starting a trend of targeted machines here." - lo and behold, we have our second entrant: CyberPowerPC. As competitors often do, CyberPowerPC one-upped iBUYPOWER in the naming department; its coin-mining series is called Mega... Read more...
2014 is quickly shaping up to be a paramount year for Bitcoin, with this month in particular kicking-off with some non-stop action. At the start of the month, we learned that popular Bitcoin exchange Mt. Gox had declared bankruptcy, causing many to suddenly see their coins turn to nothingness. At that time, that was one of the biggest stories Bitcoin had ever seen, but this week, attention has turned to the currency's potential creator. In an upcoming issue of Newsweek, reporter Leah Goodman claims to have found the creator of Bitcoin, Dorian Satoshi Nakamoto, and despite his repeated claims since... Read more...
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