Online Cash Bitcoin Could Challenge Governments, Banks

lotuseclat79 · Feb 18, 2014

Bitcoin Series 19: Bizarre Shadowy Paper-Based Payment System Being Rolled Out Worldwide (or how cash would be described in the press if invented today).

Related: The bitcoin series - Table of Contents.

-- Tom

siljaline · Feb 18, 2014

Why security pros should care about Bitcoin's troubles

CSO - Chief security officers who believe the latest Bitcoin problems do not affect them should think again. Securing such digital currency flowing through peer-to-peer payment systems may one day be the responsibility of security pros.

The world of Bitcoin has certainly had a bad week. A bug in its protocol forced two exchanges, Mt. Gox and BitStamp, to halt trading temporarily. The flaw was also blamed for the theft of $2.6 million from the Bitcoin wallet belonging to Silk Road 2, the online black market that took the place of the original Silk Road after it was shutdown by federal authorities. Both anonymous marketplaces provide a place on the dark web to sell and buy illegal drugs.
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http://www.networkworld.com/news/2014/021814-why-security-pros-should-care-278838.html

See also Wilders Forum Thread: FBI arrests Silk Road drugs site suspect
https://www.wilderssecurity.com/showthread.php?t=354090

ronjor · Feb 18, 2014

Bitcoin ATM goes live in Albuquerque, more coming to Austin and Seattle

by Jon Brodkin - Feb 18, 2014 9:53 pm UTC

Exchange bitcoins for cash, and vice versa.
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http://arstechnica.com/information-...lbuquerque-more-coming-to-austin-and-seattle/

lotuseclat79 · Feb 19, 2014

How the Feds Can Take Even Legally Earned Bitcoins.

-- Tom

lotuseclat79 · Feb 19, 2014

Bitcoin ATM debuts in the US: What you need to know.

Bitcoin is stepping out of the online world and into the real world with the launch of Bitcoin ATMs in Seattle and Austin, Texas. The first Bitcoin ATM was unveiled last year in a Vancover coffee shop.
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-- Tom

siljaline · Feb 20, 2014

Winklevoss Brothers Offer an Index to Track Price of Bitcoin

Stock traders have the Standard & Poor’s 500. Bitcoin bettors will have the Winkdex.

The new financial index takes its name from the Winklevoss brothers, famous for their legal battle with the Facebook founder, Mark Zuckerberg. The Winkdex was released publicly on Wednesday and provides a regularly updated figure for the price of Bitcoin, the virtual currency that has risen in popularity over the last year.
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http://dealbook.nytimes.com/2014/02/19/before-a-bitcoin-fund-comes-a-price-index/

ronjor · Feb 20, 2014

Bitcoin Is The New PayPal

by Eric M. Jackson and Christopher Grey

It’s been a bad month for Bitcoin.

On February 7, Mt.Gox — the once-popular exchange that hosted 80 percent of the world’s Bitcoin trades — informed users that they were temporarily halting withdrawals of the popular electronic currency from their service due to a technical problem called transaction malleability. This technical flaw allowed fraudsters to manipulate the unique ID of a Bitcoin transaction. They could make it appear as if the withdrawal never happened even though they would still receive the funds.
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http://techcrunch.com/2014/02/20/bitcoin-is-the-new-paypal/

ronjor · Feb 20, 2014

Virtual bitcoins vs hard cash

Tatiana Kulikova
Kaspersky Lab Expert

The festive season with its gifts, decorations and costumes can easily put a dent in your finances. No wonder then that after the holidays spam started appearing with suggestions on how to make some money. And increasingly spammers are using bitcoins – a cryptocurrency – as the bait. For instance, bitcoins can be earned in return for access to the computing power of a device. There are plenty of stories about millionaires who have made a fortune with the help of this currency, and spammers have been quick to exploit its current popularity.
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https://www.securelist.com/en/blog/8182/Virtual_bitcoins_vs_hard_cash

lotuseclat79 · Feb 21, 2014

Charting Bitcoin's Unsteady Rise.

-- Tom

lotuseclat79 · Feb 21, 2014

Nvidia Is About To Steal The Cryptocurrency Mining Crown From AMD.

-- Tom

lotuseclat79 · Feb 21, 2014

Bitcoin security model: trust by computation.

A shift from trusting people to trusting math.
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-- Tom

siljaline · Feb 22, 2014

Goldman Sachs Takes On Bitcoin

The eye of big finance is finally turning towards cryptocurrency. Responding to requests from clients, Goldman Sachs has put out an early assessment of Bitcoin that says little about the bank’s official position on BTC investment.

So far, the financial services firm is neutral regarding the currency and is not actively recommending it to clients in its broad assessment of the currency and its impact for merchants and consumers. The bank’s take on Bitcoin attempts to tamp down on some of the hype around the currency.
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http://techcrunch.com/2014/02/21/goldman-bitcoin/

lotuseclat79 · Feb 22, 2014

Bitcoin's Powerful Ally.

-- Tom

lotuseclat79 · Feb 22, 2014

'It's Hard to Put the Genie Back in the Bottle': Bitcoin's Top Cop Opens Up.

-- Tom

siljaline · Feb 24, 2014

Mt. Gox Resigns From Bitcoin Foundation
http://online.wsj.com/news/article_...4579401883794330454-lMyQjAxMTA0MDIwMzEyNDMyWj

lotuseclat79 · Feb 24, 2014

MtGox chief Mark Karpeles quits Bitcoin Foundation.

Note: Discusses dispute between Mt. Gox Exchange and Bitcoin Foundation.

-- Tom

lotuseclat79 · Feb 25, 2014

Website of Bitcoin exchange Mt. Gox offline.

-- Tom

lotuseclat79 · Feb 25, 2014

Bitcoin's life-or-death moment.

-- Tom

lotuseclat79 · Feb 25, 2014

Bitcoin exchange Mt. Gox offline amid 'insolvency' charges.

The Web site and Twitter feed of the troubled Bitcoin exchange are wiped clean as trading is apparently halted.
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-- Tom

lotuseclat79 · Feb 25, 2014

Bitcoin exchange Mt.Gox goes dark; massive bitcoin theft reported.

Bitcoin exchange Mt. Gox is offline Tuesday amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency. More than 740,000 bitcoins may be missing from the exchange, which froze withdrawals earlier this month.
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Related: Bitcoin Exchange Mt. Gox Goes Offline Amid Allegations of $350 Million Hack.

-- Tom

lotuseclat79 · Feb 25, 2014

Bitcoin wallets and other cryptocurrencies compromised by more advanced 'Pony' botnet.

Related: Cyber thieves use a virus to pull off a digital currency heist.

-- Tom

lotuseclat79 · Feb 25, 2014

Mt. Gox alleged insolvency document has been posted.

-- Tom

lotuseclat79 · Feb 25, 2014

What's a bitcoin? A look at the digital currency.

-- Tom

Dave0291 · Feb 25, 2014

Well, good, Mt. Fail is gone now, so that's one step towards digital currency succeeding. Traders and trading companies are going to have to do a hell of a lot better at security.

Dermot7 · Feb 25, 2014

Mt. Gox’s Demise Marks The End of Bitcoin’s First Wave Of Entrepreneurs

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