As of this moment, Bitcoin‘s exchange rate is hovering a few dollars under $400, according to the Mt.Gox ticker. It’s about $45 more than it was 24 hours ago, $75 more than the day before, and $120 more than the day before that. All told, Bitcoin has netted about $180 in the past week. To […]
As Bitcoins see a steady climb in value, some unfortunate folks have found their accounts drained thanks to hackers who breached Inputs.io, taking a total of 4100 bitcoins. At present exchange rates, this amounts to about $1,230,000 USD, and unfortunately for those who were affected, the bitcoin wallet does not have the funds or other […]
Kristoffer Koch of Norway spent $27 on 5,000 Bitcoins in 2009 as research for a paper he was writing about data encryption. He turned in the paper and promptly forgot about the purchase. Four years later, Koch noticed Bitcoin making headlines as it peaked at $266 per Bitcoin. He logged in to his Bitcoin wallet […]
Four years ago, Oslo-man Christopher Koch’s girlfriend scoffed at his purchase of $27-worth of Bitcoin. Chances are she was singing a decidedly different tune last April, when Koch checked back in on his investment and found out it was worth $886,000. And over a cool million today.
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A Vancouver group is planning to put what’s thought to be the world’s first Bitcoin ATM into service next week. Putting aside the weird irony of a physical ATM accessing a strictly virtual currency, this got me wondering: would you use a Bitcoin ATM?
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As of Friday afternoon, the FBI had managed to seize 144,000 bitcoins from Silk Road’s founder. Worth some $28.5 million in current exchange rates, that’s the largest ever seizure of the cryptocurrency. But based on the Bitcoin trail uncovered in recent weeks, over $50 million could still be missing
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Ross Ulbricht’s arrest last week
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The man alleged to be "Dread Pirate Roberts," the founder and operator of the Silk Road—an online marketplace where bitcoins were traded for a range of goods and services, including drugs—was arrested by the FBI in San Francisco Wednesday. The criminal complaint, released today, provides many details about how the site and its users relied on widespread anonymity technology, including Tor and Bitcoin.
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Ross Ulbricht, the recently arrested mastermind behind Silk Road, appeared in court today where his lawyer begged for more time before the detention hearing. The judge said he didn’t "know what you’re going to accomplish in the next several days." Maybe move some of his massive stash of hidden Bitcoin?
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We get it! Bitcoin, the newfangled virtual currency, is difficult for normals to understand. Fortunately, this handy CBS News graphic from its segment on the Silk Road bust earlier this week has some answers. In that it is the opposite of helpful or correct.
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