Bitcoin

  • Defunct bitcoin exchange Mt. Gox files for liquidation: Report 16-04-2014 01:37 PM

    Bangalore: Defunct bitcoin exchange Mt. Gox has given up plans to rebuild under bankruptcy protection and has asked a Tokyo court to allow it to be liquidated, the Wall Street Journal reported, citing people familiar with the situation. These people cited the complexity of the procedure and the lack of...
  • New Scrabble word, geocache, is first ever chosen by gamers to be added to players' dictionary, beat popular choices bitcoin, cosplay 11-04-2014 11:55 AM

    There's a new word in play on the Scrabble game board: geocache. The word, a verb meaning to track down items as part of a game using a Global Positioning System device, beat out 15 other nominated words in an online fan vote to select the newest addition to The...
  • Mt Gox finds 200,000 bitcoins previously thought stolen 21-03-2014 01:39 PM

    Bankrupt bitcoin exchange Mt Gox said it found 200,000 bitcoins, which were previously thought stolen, in disused electronic wallets. Another 650,000 bitcoins remain unaccounted for. The Tokyo-based company said in a statement posted on its website Thursday that the 200,000 bitcoins were identified Mar. 7 after "old format" wallets were...
  • Bitcoin exchange Mt. Gox updates website, allows customers to check bitcoin balances 18-03-2014 12:44 PM

    Bangalore: Mt. Gox, a leading bitcoin exchange that late last month filed for bankruptcy protection, updated its website on Tuesday to allow customers to log in and verify their wallet, or account, balance. The website, which went blank just over three weeks ago, had previously posted occasional updates on Mt....
  • Why the underworld loves bitcoin 16-03-2014 03:12 PM

    Singapore: Criminals may already have made off with up to $500 million worth of bitcoins since the virtual currency launched in 2009 - and you can double that if it turns out they emptied Mt. Gox. Internet criminals, security experts say, are attracted to bitcoin because of its stratospheric rise...
  • 3D printers, Bitcoin and Microsoft's Titanfall top attractions at SXSW 12-03-2014 04:16 PM

    Austin: Bitcoin, 3-D printed candy and George Takei, the Star Trek-actor-turned-Facebook-phenomenon, are among the attractions this week at the South By Southwest festival in Austin, Texas, where the geek set is slowly filing out to make room for hordes of musicians descending on the city. Known as the launching pad...
  • Newsweek's credibility, longevity hinges on bitcoin scoop 08-03-2014 01:48 PM

    New York: A mystery man. A splashy reveal. A media frenzy. Newsweek staked its return from the dead on a story it knew would get attention. A cover story claiming it had uncovered "the face behind bitcoin," the world's most popular digital currency. It got plenty of attention, all right....
  • 'Bitcoin founder' Nakamoto leads Los Angeles car chase, reporters in pursuit 07-03-2014 07:17 AM

    Temple City: A Japanese American man thought to be the reclusive multi-millionaire father of Bitcoin emerged from a modest Southern California home and denied involvement with the digital currency before leading reporters on a freeway car chase to the local headquarters of the Associated Press. Satoshi Nakamoto, a name known...
  • Dorian Satoshi Nakamoto denies he's Bitcoin founder 07-03-2014 06:42 AM

    Los Angeles: The man Newsweek claims is the founder of Bitcoin denies he had anything to do with the digital currency. In an exclusive two-hour interview with The Associated Press, Dorian Prentice Satoshi Nakamoto, 64, said he had never heard of Bitcoin until his son told him he had been...
  • Bitcoin exchange CEO Autumn Radtke found dead in Singapore 06-03-2014 11:56 AM

    Singapore: An American CEO of a virtual currency exchange has been found dead in her home in Singapore. A police spokesman said Thursday there was no suspicion of "foul play" in the death of 28-year-old Autumn Radtke. The spokesman says Radtke was found dead in her home on February 26....
  • Indians lose crores in bitcoins as Tokyo Bitcoin exchange Mt. Gox goes bankrupt 02-03-2014 12:38 PM

    New Delhi: In a rude jolt to growing virtual currency frenzy in India, bitcoins worth crores of rupees held by some Indians have vanished with collapse of Japan-based Mt Gox, which was the world's largest bitcoin exchange so far. Having filed for bankruptcy, Mt Gox has admitted to have lost...
  • Tokyo Bitcoin exchange Mt. Gox files for bankruptcy, hit with a lawsuit 01-03-2014 03:01 PM

    Tokyo: Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system. The collapse caps a tumultuous few weeks in which the...
  • Bitcoins simplified: Answers to 10 must-ask questions about the online currency 26-02-2014 07:00 AM

    An explanation of what bitcoins are, how exchanges work, and why many people may have lost a lot of money: 1. Why this resurgent interest in bitcoins? Early Tuesday, the world's most established exchange for bitcoin disappeared from the Internet, sending the price of the virtual currency tumbling and prompting...
  • Bitcoin exchange Mt Gox's website goes offline 25-02-2014 01:35 PM

    Tokyo: The website of major Bitcoin exchange Mt Gox is offline amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency. The URL of the Tokyo-based Mt. Gox was returning a blank page. The disappearance of the site follows the resignation...
  • Bitcoin crosses $1,000 for the first time 28-11-2013 02:46 PM

    New York: The price of the digital currency bitcoin soared above $1,000 for the first time on Wednesday, extending a surge this month after a US Senate hearing on virtual currencies. Bitcoin hit a high of $1,044 on Tokyo-based exchange Mt. Gox, the best-known operator of a bitcoin digital marketplace,...
  • Silk Road, the online marketplace of vice, shut down by FBI 03-10-2013 06:46 AM

    Boston: Before it was shut down by US agents this week, people looking to buy street drugs, hire hackers or hitmen, and acquire stolen e-commerce accounts anonymously online could go to Silk Road, the Amazon.com of vice. For more than two years, according to US authorities, the website allowed users...
  • Bitcoin: The wild, unregulated cybercurrency becomes dangerously hot 11-04-2013 07:21 PM

    London: With $600 stuffed in one pocket and a smartphone tucked in the other, Patricio Fink recently struck the kind of deal that's feeding the rise of a new kind of money - a virtual currency whose oscillations have pulled geeks and speculators alike through stomach-churning highs and lows. The...