Items tagged with cryptocurrency

uTorrent might still be one of the -- if not the -- most popular BitTorrent clients in the world, but that doesn't mean that it's one that everyone is happy with. In recent years, the software has suffered the fate of so many others: It was awesome in the beginning -- lightweight and stable -- but over time grew bloated, thanks in big part to subtle and not-so-subtle advertising. If you frequent BitTorrent-related communities at all, you've no doubt seen a trend when it comes to uTorrent: Almost no one recommends the latest version. Instead, many who take torrenting seriously stick with an... 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...
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...
It's not as though crytocurrencies like Bitcoin are in need of any more bad publicity, though that being the case, it didn't stop MtGox from giving it to them. MtGox, formerly a popular Bitcoin exchange based in Tokyo, Japan, has filed for bankruptcy protection after admitting to having lost 850,000 Bitcoins worth approximately $477 million. Most, if not all of the virtual currency was stolen by hackers who took advantage of what MtGox called "weaknesses in the system." Some 750,000 of those Bitcoins belonged to customers, while the remaining 100,000 units were MtGox's prior to the theft. Image... Read more...
The wild and wonderful state of West Virginia isn't so wild about Bitcoin, Litecoin, and every other type of virtual currency that's hotter than a southern summer day. More specifically, West Virginia Senator Joe Manchin (Democrat) takes issue with crytpocurrencies and asked the U.S. to ban Bitcoin and any other virtual currency like it. Manchin made his disdain known for Bitcoin and other currencies like it in an open letter to U.S. regulators. In the letter, he points out that virtual currency is unregulated and has already allowed users to engage in illicit activity. Image Source: Flickr (btckeychain)... Read more...