Naeem Khan

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MIT to establish 'Bitcoin ecosystem' by giving away the cryptocurrency to every student

Massachusetts Institute of Technology (MIT) will be giving away $100 worth of Bitcoin to every undergraduate on campus this autumn in an attempt to …

Cryptocurrency

The “Stolen” Mt.Gox Data Contained Malware That Robbed Users Of Bitcoin

Security researchers at Securelist have found that the data “stolen” from Mark Karpeles’ computer actually contained a BTC-stealing Trojan that masqueraded as a back-end app for managing Mt.Gox trades. The app searched user directories for Bitcoin-related files – wallet.dat and bitcoin.conf – and …

Japan Intends To Regulate And Tax Bitcoin Trades

Japan has decided that it will be making a set of rules for Bitcoin trading, the Japanese government will treat Bitcoin in a similar way to a …

Nearing $1M in bitcoin sales, Overstock CEO says he wants to 'further the cause of Bitcoin'

For those hoping to buy real goods with bitcoin, Overstock.com is still the biggest game in town, and a new CEO profile by <i>Forbes</i>'s Kashmir Hill helps explain the story behind the early adoption and the company's newfound devotion to cryptocurrency. With new Bitcoin reward programs and plans for a …

Bitcoin’s Value Falls 10% As Faltering Mt.Gox Exchange Continues To Implode

Mt.Gox promised to get its house in order, and get back to the Bitcoin community and its users today. It did, but didn’t open up withdrawals, or set a firm timetable as to when users might be able to get their currency off the exchange.<p>In response, the price of Bitcoin on Mt.Gox has cratered, …

Silk Road 2 Hacked, Over 4,000 Bitcoin Allegedly Stolen

Silk Road 2 moderator Defcon reported in a forum post that hackers have used a transaction malleability exploit to hack the marketplace. The hackers stole over<p>88,0004474.26 bitcoins worth $2,747,000, emptying the site’s escrow account.<p>UPDATE – Fixed estimate.<p>The site used a central escrow service …

Bitcoin's Incredible Year

Last year at this time, valued at just $13.50, one Bitcoin could get you a movie ticket if you could find a theater that had 1) heard of Bitcoin and 2) accepted it. Fat chance. Luckily, Bitcoin owners had a different form of entertainment: the fiscal version of <i>She’s All That</i>. “Last year’s nerd …