Bitcoin News

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Bitcoin creator and 64-year-old train collector deny claims that they are one and the same

A 64-year-old model train enthusiast living near LA named as the reclusive creator of Bitcoin by Newsweek magazine has denied any connection, while the mysterious "Satoshi" also appears to have weighed into the debate online<p>• <b>Who is the reclusive billionaire creator of Bitcoin?</b><p>A 64-year-old model …

Bitcoin

Bitcoin Is On A Gigantic Tear

Well, so much for the Mt. Gox crash being the end of Bitcoin.<p>The digital currency is on a gigantic tear, as it's zooming toward $700.<p>After Mt. Gox crashed, a lot of folks in the media were talking about how this was the end of Bitcoin, but almost nobody in the Bitcoin community freaked out, and …

5 Reasons Entrepreneurs Should Learn to Code

Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>In the typical startup environment, small teams with a broad and complementary skill set come together to build a company. There are dozens of skills an entrepreneur must possess -- from accounting and managing a profit and loss statement …

You Don't Need A Nobel Prize To Be Wrong About Bitcoin, But It Helps

The internet may have brought us unlimited sources of news and opinion, but the <i>New York Times</i> still has powers that few of the new generation can muster. Among those is the ability to claim two Nobel Prize-winning economists among its staff: the op-ed columnist Paul Krugman and Economic View’s …

TSA Reportedly Demands To Inspect Man’s Luggage For Bitcoin [Updated]

Davi Baker wasn’t quite sure how to comply with the TSA’s demands to inspect his bags for Bitcoin. Baker had found himself in a testy exchange with airport security personnel during an enhanced screening, and they wanted an additional search of his belongings.<p>“We saw Bitcoin in your bag and need to …

Inside Japan’s Bitcoin Heist

A former Mt. Gox employee says incompetent management and faulty accounting—not virtual robbers—are the real culprits in the missing …

Visa, MasterCard don't view bitcoin as a threat

Visa Inc. and MasterCard Inc., which processed $7.4 trillion in purchases last year, are among leading payments networks that devote thousands of words in filings to every perceived threat to their business. "Bitcoin" isn't one of them.<p>"I'm a bit skeptical," said Discover Financial Services Chief …

Bitcoin

Game over for MtGox as Bitcoin exchange files for bankruptcy protection

Advertisement<p>16 Comments<p>Credit: Pond5/artist3d<p>The pioneering yet much-reviled Bitcoin exchange MtGox has officially filed for bankruptcy protection. …

Mt. Gox files for bankruptcy protection after losing $473M worth of Bitcoins, has $63M in debt

The rumors were true: Mt. Gox lost a boatload of Bitcoins.<p>The former popular Bitcoin exchange, which shut down suddenly this week to “protect the site” and its users, announced this morning that it is officially filing for bankruptcy protection, the Wall Street Journal reports.<p>In a Tokyo District …

Mt. Gox Files For Bankruptcy; Nearly $500M Of Bitcoins Lost

The scope of the collapse of what once was the world's largest bitcoin exchange took shape Friday when Mt. Gox filed for bankruptcy protection in Japan, saying it had lost track of nearly $480 million worth of the virtual currency.<p>"Wearing a suit instead of his customary T-shirt," Reuters reports, …

What’s Not Being Said About Bitcoin

<b>Editor’s note:</b> <i>Brian Armstrong is the co-founder and CEO of Coinbase, a leading consumer, merchant, and developer platform for Bitcoin purchasing, selling, and payment acceptance. Follow him on Twitter.</i><p>Mt.Gox is gone. The one-time biggest Bitcoin exchange closed its doors this week and filed for …

Optic Nerve: millions of Yahoo webcam images intercepted by GCHQ

• 1.8m users targeted by UK agency in six-month period alone • Optic Nerve program collected Yahoo webcam images in bulk • Yahoo: 'A whole new level of violation of our users' privacy' • Material included large quantity of sexually explicit images<p>Britain's surveillance agency GCHQ, with aid from …

Bitcoin Startup Coinbase Surges Past 1M Consumer Wallets In The Post-Mt.Gox Era

Today Coinbase announced that it has created more than 1 million consumer Bitcoin wallets on its platform, pointing to increased interest in the market for the cryptocurrency. The company started 2013 with fewer than 13,000 wallets in the bag.<p>That Coinbase grew greatly in 2013 is not surprising, as …

US and Japan authorities probe Bitcoin attacks as “leak” blogger claims there’s no buyer for MtGox

Advertisement<p>0 Comments<p>Credit: Thinkstock/Nevarpp<p>Bitcoin watchers! Grab your popcorn and enjoy: As the MtGox car crash plays out in slow motion, …

Facebook Is Killing Its Email System (That Everyone Already Forgot About)

So long, Facebook email. The social network is quietly shelving its username@facebook email service, and is notifying users that any mail sent there will soon be redirected to their primary account on file. So, if you are jon@facebook and you list jon@gmail as your primary email address, all …

Will Bitcoin Survive This Test?

Since its inception, Bitcoin has survived several tests.<p>In the beginning, came the user test. The digital currency passed it, as many companies and organizations began to accept Bitcoins as a medium of exchange. According to Bitpay.com 12,000 businesses and charities accept Bitcoin, including the …

Samsung And PayPal Move Against Apple With Galaxy S5 Finger Swipe Payments

The usual complaint about Samsung’s smartphones is that they shamelessly copy Apple, but can’t quite surpass the iPhone. This despite the fact that the Galaxy S line consistently has specs that do indeed surpass their American counterparts. Apple fans then counter that it is the iOS software …

Is Bitcoin An Investment Or A Cult?

Bitcoin’s buckets of media attention — way out of proportion to its roughly $6.9 billion in value (assuming there are 12.34 million minted Bitcoins trading at $556 a piece) – leads me to conclude that the force is strong with the argument that it’s a cult.<p>After all, this week Tokyo-based Mt. Gox, …

Bitcoin Security Model: Trust By Computation

Bitcoin is a distributed consensus network that maintains a secure and trusted distributed ledger through a process called “proof-of-work.”<p>Bitcoin fundamentally inverts the trust mechanism of a distributed system. Traditionally, as we see in payment and banking systems, trust is achieved through …

Mt. Gox Goes Dark, Floyd Mayweather's Next Big Fight

<i>Want to know more about Mt. Gox and Bitcoin’s plummeting prices? FORBES reporters give readers the essentials:</i><p>“Once, Mt. Gox was the most important business in the Bitcoin economy. Now, as it teeters on the brink of total failure, it’s become the cryptocurrency’s greatest liability and one that may …

Beyond Mt. Gox, Bitcoin Believers Keep the Faith

<i>By Jeremy Wagstaff</i><p>SINGAPORE -- The apparent collapse of Tokyo-based bitcoin exchange Mt. Gox isn't bothering Anthony Hope and others who have ditched …

Bitcoin's Back to the Wall as it Fights to Survive

Bitcoin suddenly finds itself in a battle for survival, caught in a worst-nightmare scenario of technical snafus that threaten not only billions of investor dollars but also overall integrity.<p>The struggles raise questions about whether this is the point where the cryptocurrency fades into cybernerd …

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