Items tagged with bitcoin
Without any formal government regulation, Bitcoin prices have been surging and falling, and surging and falling. It's a roller coaster ride that only the bold can stomach, but those who are willing to invest in something like a new digital currency already have some wild stories to tell. Earlier this month, a...
Read more...
As crazy as this sounds, a single Bitcoin is worth almost as much as a single share of Apple. Bitcoin, a volatile virtual currency that's decentralized and uses cryptography to control transactions and prevent double-spending, has been steadily soaring for the past several months. It was viewed as a big deal when shares of Bitcoins went north...
Read more...
If you stop a random stranger on the street and ask that person what a Bitcoin is, you might get a confused stare. Try asking that same question a year from now and maybe every person you ask will say, "It's a digital currency that's decentralized and uses cryptography to use control transactions to prevent double-spending." Or they'll simply...
Read more...
Despite still being in its infancy and having a highly sporadic value, Bitcoin has quickly established itself as a real, respected currency. Now, thanks to Bitcoin trading service Bitcoiniacs, and ATM builder RoboCoin, Bitcoin's validity is set to become strengthened even further. Next week, Vancouver will welcome the...
Read more...
Bitcoin is a digital currency that has been rather volatile both in regard to its legality and in terms of its value. Up and down it goes, and the value has dropped again to $129 after hitting $140 the previous day in the wake of the shutdown of online marketplace Silk Road by the FBI. Silk Road was a space where illegal drugs and other shady...
Read more...
Who could have ever guessed that a digital currency would cause so much commotion, and for so long? Well beyond the "fad" stage is Bitcoin -- a digital currency that suddenly has the investing world's attention, and even high-stakes players are investing in what amounts to nothing in hopes of it paying off. While it's...
Read more...
You have to give a little credit to Google; just a couple of days after Bitcoin announced that it found vulnerabilities with Android wallets, the Android dev team figured out the root cause of the problem and issued patches to developers. (Google credited Soo Hyeon Kim and Daewan Han of ETRI and Dong Hoon Lee of Korea...
Read more...
It’s not news that Android has some security problems, but here’s another one: Android wallets aren’t secure. According to Bitcoin, the issue stems from a secure random number generator in the OS itself, which is vulnerable to exploits. The generator is needed to secure the wallets, so thus, the wallets are not secure. Bitcoin...
Read more...
Bitcoin, the digital currency that has its fair share of supporters and haters, has been deemed illegal in Thailand. Writing in a blog post on Monday, Bitcoin announced that over the last several months, it has been trying to get its currency registered by the Thailand government to ensure it was offering its digital...
Read more...
When you're suddenly launched into money, you have the potential to do some wild things. Not that the Winklevoss twins were ever poor, but after the Facebook ordeal that landed 'em millions, they've started to make a serious name for themselves. They've rekindled a start-up scene in Southern California, and now...
Read more...
Of all the current Internet curiosities, Bitcoin is one of the most fascinating. The digital/virtual currency is decentralized, has no change fees, and no state oversight to speak of, and nobody seems to know exactly what to do with it even as it grows in popularity and value. Case in point: On Mt. Gox, a major...
Read more...
The first time I heard of "Bitcoin", I admit that I found the premise to be a little far-fetched... something that simply wouldn't work. But time and time again, examples creep up that give some credence to the currency, and even today, online vendors have been adding Bitcoin to their lists of accepted payment...
Read more...
If you had any doubts that MegaUpload, and its outlandish founder, were a big deal: let this assure that it is. As sharing and cloud hosting services become a natural extension of the Internet, Kim Dotcom's new service ("Mega") is poised to make a huge impression. It's not a stretch to think that most of MegaUpload's...
Read more...
