Mar 04

Flexcoin Shuts Down After Over $600,000 Of Bitcoins Were Stolen

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Flexcoin Shuts Down After Over $600,000 Of Bitcoins Were StolenBitcoin is a virtual currency which is fast gaining popularity, although recently it seems that there have been several blows dealt to the currency that brings into the question its security and validity. As some of you guys might have heard, one of the largest Bitcoin exchanges, Mt. Gox, recently shut down and filed for bankruptcy.

Now it seems that yet another Bitcoin service is in trouble and has similar shut down as well. The service, Flexcoin, is not as big as Mt. Gox, but it would no doubt be used as ammunition by those against the virtual currency as reasons why it use should be disallowed. (more…)

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    Mar 04

    Bitcoin hacks take over $650k as two exchanges admit break-ins

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    Bitcoin hackers have claimed two more victims, with exchange Flexcoin announcing its virtual vault has been drained and that it will be ceasing operations immediately, while Poloneix confessed a security … Continue reading

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    Mar 04

    Bitcoin Bank Flexcoin Shuts Down After $620,000 Heist

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    Bitcoin Bank Flexcoin Shuts Down After $620,000 Heist

    Flexcoin, famous for making bitcoin banking as easy as regular banking, is no more. The company shut its doors on Tuesday morning after hackers stole 896 bitcoins (nearly $620,000) from its vault on Sunday. And the most unsettling thing? That wasn’t even the only bitcoin heist last weekend.

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    Mar 03

    MtGox has set up a call center in Japan to handle the worried inquiries of newly hard-up Bitcoiners.

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    MtGox has set up a call center in Japan to handle the worried inquiries of newly hard-up Bitcoiners. That’ll help.

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    Mar 02

    Mt. Gox to field inquiries via call center in Japan

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    Embattled former Bitcoin exchange Mt. Gox is undoubtedly being hounded by questions from investors and users. The company has seemingly been forced to setup a dedicated call center in Japan … Continue reading

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    Feb 28

    Mt. Gox hit with class-action lawsuit

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    Following the hoopla surrounding bitcoin exchange Mt. Gox, one former user of the service has filed a class-action lawsuit against the service on behalf of users who were affected by … Continue reading

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    Feb 28

    BitSoaps Lets You Wash Away Your Bitcoin Worries

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    BitSoaps Lets You Wash Away Your Bitcoin WorriesSo, plenty has happened at Mt. Gox recently, so much so that the Bitcoin exchange had actually signed for bankruptcy protection already. This would certainly see Bitcoin investors get all jittery, wondering whether their Bitcoins would see a dramatic drop in value in the days ahead. Well, you know what they say – if you have the stomach for a fight, go with it all the way and ride it out. Only invest in money that you have and can afford to lose, so to speak. Having said that, here is a lighthearted look at the Bitcoin situation, which is aptly known as BitSoaps.

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    Feb 28

    Mt. Gox Files For Bankruptcy Protection

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    Mt. Gox Files For Bankruptcy ProtectionBitcoin has had its fair share of limelight in the past as well as in recent times, so much so that there is a new Bitcoin ATM installed in the city state of Singapore. Well, it seemed that the Bitcoin exchange known as Mt. Gox was compromised earlier this week, without too much explanation given on what happened behind the scenes. Those who had plenty of trust in Bitcoin were certainly all shook up for sure, and plenty of questions arose, where among the others include the safety of customers’ coins in the exchange. These are not small questions, really, and they do demand and answer in reality. The Wall Street Journal has reported that Mt. Gox is filing for bankruptcy protection, where this bit of news hailed from one of Mt. Gox’s lawyers who spoke out at a news conference in Tokyo.

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    Feb 28

    More Bad News From Mt.Gox: All Your Bitcoin Money Is Gone

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    The Mt.Gox saga just gets sadder and sadder. Not only did the company file for bankruptcy, but Mt.Gox CEO Mike Karpele went on Japanese TV a few minutes ago and admitted that everybody’s money is gone. Gone, gone, gone.

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    Feb 28

    Mt. Gox files for bankruptcy, has $63.6 million in debt

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    Bitcoin has been the most popular of the virtual currencies for a while now with a single coin worth hundreds and hundreds of dollars in the US. Things started to … Continue reading

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