Boscot Gem

33 Flips | 2 Magazines | @BasseyGem | Keep up with Boscot Gem on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Boscot Gem”

CrunchWeek: The Hunt For Bitcoin’s Satoshi, Facebook Drones, Twitter’s Log Cabin Lunchroom

It was a week of wacky stories in the tech news world. That made for an especially spirited discussion on CrunchWeek, the show that brings three TechCrunch writers together to talk about the biggest stories of the past seven days. We had a lot to say — so before you click play you might want to …

Mt.Gox Hack Allegedly Reveals Bitcoin Balances, Customer Account Totals

Anonymous hackers have defaced Mt.Gox CEO Mark Karpeles’ blog and have uploaded a data dump of customer data that, according to users with accounts on the site, is accurate. A Reddit user created an Excel spreadsheet [mirror] of anonymized user accounts with balances, and many current Mt.Gox users …

Mt. Gox, Mark Karpeles Targeted In Alleged Bitcoin Hack

Mt. Gox, the Bitcoin exchange that was the victim of a massive hacker attack that stole hundreds of millions of dollars of its users’ bitcoins—forcing the company to file for bankruptcy protection—is under attack again. This time, the exchange says a group of hackers has broken into the company’s …

Robocoin Spreads Its Bitcoin ATMs Further

Robocoin, the bi-directional Bitcoin ATM, is ramping up its nascent footprint — with launches planned for 10 more global locations.<p>The company said today it will be shipping its first Bitcoin ATMs to two more U.S. locations — Boston and Seattle — and also ramping up globally, with machines heading …

Wikipedia Co-Founder Jimmy Wales Accidentally Starts A Bitcoin Donation Campaign For Wikipedia

Is Jimmy Wales testing out Bitcoin donations for Wikipedia? He is certainly considering it, according to a thread on Reddit. It first started with a tweet — Wikipedia co-founder set up a personal Coinbase account.<p>But then, Wales shared his wallet address on Twitter and Reddit. “I’m liking Coinbase …

Court freezes Mt. Gox assets in US, lawyers dig into the case of the missing Bitcoins

A US District Court for the Northern District of Illinois has just granted a temporary restraining order to freeze all US assets of Mt. Gox, Tibanne KK and Mt. Gox CEO Mark Karpeles as part of an effort to find out exactly what caused the Japan-based Bitcoin exchange to fall. This follows the news …

Overstock’s Bitcoin Purchases Account For Less Than 1% Of Revenue, But It’s Growing

Since Overstock.com started to accept Bitcoin as a purchase currency, the company has received a good press for its efforts to support the nascent cryptocurrency. Working with Coinbase to process Bitcoin, Overstock.com announced that it crossed the million-dollar sale mark in the currency earlier …

Singapore To Regulate Bitcoin Exchanges

Singapore’s central bank announced today (via BBC) that it will regulate virtual currency intermediaries which operate within the country, including Bitcoin exchanges. This is to address the issue of digital currencies being used potentially for money laundering and terrorist …

Bitcoin “vault” Xapo offers solution to theft and a tiny nest egg upon signup

Advertisement<p>0 Comments<p>Credit: Gigaom Illustration<p>One of the reason bitcoins get so much attention is because people keep stealing them. Every week …

Satoshi Nakamoto Brings in the Lawyers to Deny He Invented Bitcoin

This article is from the archive of our partner .<p>Dorian Satoshi Nakamoto, the man <i>Newsweek</i> identified as the creator of Bitcoin, has issued a very …

Xapo Raises $20 Million To Bury Your Bitcoin Underground

With the implosion of Mt.Gox and the rising popularity of cryptocurrency, it makes sense that someone would want to build an FDIC for BTC. Xapo thinks it may have figured out how.<p>The company, founded by Wences Casares, raised $20 million from Benchmark Capital and Fortress Investment Group LLC, …

Dorian Nakamoto issues a final public statement insisting he didn't invent Bitcoin

Dorian Satoshi Nakamoto, the man <i>Newsweek</i> pinned as the creator of Bitcoin, has retained legal counsel in an attempt to clear his name. In a pointed statement issued early Monday, Nakamoto again emphatically denied any connection to the cryptocurrency. "I did not create, invent, or otherwise work on …

Regulators Warn Consumers To Be Careful with Bitcoin

Even as the buzz about bitcoin continues, regulators and financial advisers have begun cautioning consumers that the virtual currency may not have a place in their portfolios.<p>Both the Financial Industry Regulatory Authority and the Washington State Department of Financial Institutions issued …

Mt.Gox Finds 200,000 Bitcoin In An “Old-Format” Digital Wallet

Mt.Gox, the bankrupt online currency exchange, said that it has located 200,000 bitcoin in a digital wallet. In a filing, CEO Mark Karpeles disclosed that the currency, which is worth about $118 million at current exchange rates, was discovered in one of the “old-format wallets” that Mt.Gox had …

Marc Andreessen Is Going To Invest 'Hundreds Of Millions' More Dollars In Bitcoin

Bitcoin prices have lost nearly 50% of their value over the past four months or so, and now trade at around $570. Analysts from Goldman Sachs recently cast doubt on the viability of the digital currency itself, though added its underlying technology may yet prove useful.<p>Andreessen says he's unfazed:<p>…

Experts Found That Mt.Gox Lost A Mere 386 Bitcoin Due To Transaction Malleability

In the long, kabuki saga that is the fall of Mt.Gox, one point seemed always clear: the company lost loads of bitcoin to hackers using a bug called transaction malleability. It seems, however that this is wrong. According to a team at the ETH Zurich University, the company allegedly lost only 386 …

Why the IRS will tax Bitcoin as property: 90 Seconds on The Verge

This is Adrianne to ground control / I'm stepping off the roof / And I'm falling in the most conspicuous way / And the city lights look different today. For here am I parachuting downward / Far above New York / The cityscape's hue is mostly black and blue.<p><b>Stories of the day:</b><p>IRS rules Bitcoin will …

This week in bitcoin: IRS declares bitcoin is property, price falls below $500

Advertisement<p>10 Comments<p>Credit: Thinkstock/Nevarpp<p>In this week’s bitcoin review, we recap the first formal U.S. government stance on the …

Why Bitcoin Can No Longer Work as a Virtual Currency, in 1 Paragraph

A single bitcoin no longer functions like a $20 bill.<p>On Tuesday, the Internal Revenue Service ruled that it would tax Bitcoin as a property, not a currency.<p>Some see the move as helping to bring the medium into the mainstream. Now that bitcoins can be taxed, they’re reportable, and the legal …

For Bitcoin, Lessons In The History Of Failed Currencies

If someone were to perfect a flying car, governments around the world would be faced with a conundrum. Over the centuries humans have developed a transport system complete with quaint country streets, bustling six-lane highways, electronic toll booths and police officers to monitor it all. So …

Bitcoin supporters clash over ideological, practical issues

Backers clash over whether to keep crypto-currency free of regulation<p>On the second day of CoinSummit, a virtual-currency conference at the Yerba Buena Center for the Arts last week, bitcoin entrepreneur Andreas Antonopoulos took the stage to issue a resounding defense of bitcoin's anarchist …

Square Market Partners With Coinbase To Accept Bitcoin

In the sci-fi show <i>Almost Human</i>, everyone has a bitcoin wallet. More and more places to spend bitcoin means that could become a reality, and popular indie merchant mobile payment provider Square is the latest to accept the cryptocurrency.<p>In an announcement today on their blog, which isn’t an April …

Email Marketer Declines To Pay Its DDoS Attacker 1.8 Bitcoin Bribe To Prevent Repeat Attack — Seriously

In about two hours if threats are carried out, email marketing service Mad Mimi (CrunchBase) will be hit with another denial-of-service attack (DDoS) similar to what it endured yesterday, which made its service unavailable for a period of time. The attacker then demanded 1.8 bitcoin as ransom to …

Were Mt. Gox's woes caused by incompetence or corruption? Former employees suggest the latter

The Mt. Gox brouhaha continues with a report alleging that the exchange's chief executive, Mark Karpeles, used customer funds to cover the exchange's …

Bitcoin money supply lags Guatemalan Quetzal

A look into Bitcoin's market cap in relation to global currencies, including the Guatemalan Quetzal<p><i>Source: Bloomberg</i>

What Bitcoin Users Need To Know About Heartbleed

If you’re using a bitcoin wallet or an online wallet or exchange, Heartbleed could be a very real problem for you and your BTC. Luckily, things have finally settled down after a few days of panic and there are a few very easy ways to ensure you’re protected.<p>First, understand that the core bitcoin …

Bitcoin Falls Below The $400 Mark, Down More Than 60% From Its All-Time High

Bitcoin reached another milestone today, with the cryptocurrency falling below the $400 per-coin mark. Bitcoin sold for over $1,100 inside of the last 52 weeks.<p>The price correction was driven by news from China, as it often has been. Fresh rumors of a government crackdown on the currency in the …

Amazon nixes the idea of accepting Bitcoin

While some online retailers have either accepted or are warming to the idea of allowing Bitcoin payments, Amazon apparently isn't there yet.<p>The head of Amazon payments Tom Taylor told Re/code that while the e-commerce giant has thought about the use of virtual currency, it has no plans to start …

Bitcoin

Mt. Gox founder won't attend US bankruptcy hearing

Mt. Gox founder Mark Karpeles is unwilling to travel to the US to answer questions later this week about the troubled Bitcoin exchange's US bankruptcy case, Mt. Gox lawyers told a federal judge on Monday.<p>Despite an order earlier this month by US Bankruptcy Judge Stacey Jernigan that requires …

Bitcoin

BTC China Launches ATM Web App

BTC China, one of the world’s largest bitcoin exchanges by trading volume, released a new mobile-friendly Web app called the Picasso ATM today. The Picasso ATM allows users around the world to exchange the digital currency for cash without having to find a physical ATM.<p>To use Picasso ATM, bitcoin …