BITCOIN

  • All the rage a year ago, bitcoin sputters as adoption stalls December 12, 2014

    New York: After skyrocketing to more than a thousand dollars in price late last year and attracting global attention, bitcoin, the leading digital currency, has stalled. Figures obtained by Reuters show that while "wallets" - cyberspeak for accounts - are being created at a steady clip, many of them are empty....
  • 17 arrested in one of the largest stings against the virtual organised crime world November 8, 2014

    Amsterdam: Law enforcement officials launched a global crackdown on so-called Darknet sites that sell illegal drugs, arresting 17 people in one of the largest stings against the virtual organised crime world. Dutch prosecutors said Friday the arrests were made in the US, Ireland and Germany. Troels Oerting, head of the European police...
  • Bangladesh says Bitcoin users could be jailed for up to 12 years September 16, 2014

    Dhaka: Bangladesh's central bank warned against dealing in bitcoin, saying anybody caught using the virtual currency could be jailed under the country's strict antimoney laundering laws. The Bangladesh Bank, which regulates the impoverished country's banking industry, said it issued the order after reports in local media of Bitcoin transactions through various...
  • Ecuador to launch the world's first governmentissued digital currency August 29, 2014

    Quito: Ecuador is planning to create the world's first governmentissued digital currency, which some analysts believe could be a first step toward abandoning the country's existing currency, the US dollar, which the government cannot control. The virtual currency, which Central Bank officials say they expect will start circulating in December, does...
  • US to auction bitcoin seized in raid on Silk Road market on June 27 June 14, 2014

    Bangalore: The US government plans to auction about 30,000 bitcoin, the electronic currency, valued at about $17.4 million, on June 27 the US Marshals Service said. The bitcoin were seized during an FBI raid in October on the Internet marketplace Silk Road, known as a hub for transactions involving illegal drugs...
  • Satellite TV operator Dish Network to accept bitcoins May 29, 2014

    Bangalore: Satellite TV operator Dish Network said it would accept bitcoin payments from customers from the third quarter. Dish said it selected Coinbase as the payment processor for bitcoin transactions with customers who choose to pay their bills online with the bitcoin wallet of their choice. Dish will use Coinbase's Instant Exchange...
  • Watch: Bitcoin explained in 3 minutes and 23 seconds April 19, 2014

    This short video looks at Bitcoin, the decentralised digital currency that has been making headlines and attempts to explain what Bitcoins are, how they are created, exchanged and what the future holds for the cryptocurrency.Bitcoin is an online currency that allows people to make one-to-one transactions, buy goods and services...
  • Defunct bitcoin exchange Mt. Gox files for liquidation: Report April 16, 2014

    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 realistic...
  • New Scrabble word, geocache, is first ever chosen by gamers to be added to players' dictionary, beat popular choices bitcoin, cosplay April 11, 2014

    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 March 21, 2014

    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 searched...
  • Bitcoin exchange Mt. Gox updates website, allows customers to check bitcoin balances March 18, 2014

    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. Gox's...
  • Why the underworld loves bitcoin March 16, 2014

    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 in...
  • 3D printers, Bitcoin and Microsoft's Titanfall top attractions at SXSW March 12, 2014

    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 of...
  • Newsweek's credibility, longevity hinges on bitcoin scoop March 8, 2014

    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. Twenty-four hours...
  • 'Bitcoin founder' Nakamoto leads Los Angeles car chase, reporters in pursuit March 7, 2014

    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 to...
  • Dorian Satoshi Nakamoto denies he's Bitcoin founder March 7, 2014

    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 contacted...
  • Bitcoin exchange CEO Autumn Radtke found dead in Singapore March 6, 2014

    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. Her...
  • Indians lose crores in bitcoins as Tokyo Bitcoin exchange Mt. Gox goes bankrupt March 2, 2014

    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...
  • Tokyo Bitcoin exchange Mt. Gox files for bankruptcy, hit with a lawsuit March 1, 2014

    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 company...
  • Bitcoins simplified: Answers to 10 must-ask questions about the online currency February 26, 2014

    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 fears that...
  • Bitcoin exchange Mt Gox's website goes offline February 25, 2014

    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 Sunday...
  • Bitcoin crosses $1,000 for the first time November 28, 2013

    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 Tokyobased exchange Mt. Gox, the bestknown operator of a bitcoin digital marketplace,...
  • Silk Road, the online marketplace of vice, shut down by FBI October 3, 2013

    Boston: Before it was shut down by US agents this week, people looking to buy street drugs, hire hackers or hitmen, and acquire stolen ecommerce 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 to...
  • Bitcoin: The wild, unregulated cybercurrency becomes dangerously hot April 11, 2013

    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 stomachchurning highs and lows. The Argentine...