bitcoin

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Bitcoin Scammer May Have Stolen $100M

Users of underground bazaar are trying to track their money

(Newser) - At this point, it's one of the largest thefts in history—and one of the most convoluted. Some person, or group, apparently made off with 96,000 Bitcoins worth a staggering $100 million, reports the Verge . The Bitcoins came from users of the underground bazaar called Sheep Marketplace, one...

$7.5M Bitcoin Fortune Buried in Landfill

 $7.5M Bitcoin Fortune 
 Buried in Landfill 
in case you missed it
Dec 1, 2013 1:02 PM CST

$7.5M Bitcoin Fortune Buried in Landfill

James Howells accidentally tossed a crucial hard drive over the summer

(Newser) - Sitting beneath about four feet of garbage in an area of a Welsh landfill the size of a football field sits a fortune—in the form of a computer hard drive that James Howells threw out this summer while cleaning up his workspace. On it: the cryptographic "private key"...

Bitcoins Soar to Major Milestone

Digital currency crosses $1K-mark

(Newser) - Bitcoins reached a major milestone today, with a single coin now worth more than $1,000—which is pretty impressive, given that they started the month just a bit north of $200, the Washington Post points out. Bitcoin has soared to these heights in part thanks to praise from the...

Inside One Man's Attempt to Crowdfund Assassination

'Kuwabatake Sanjuro' thinks bitcoin site can wipe out all governments

(Newser) - Ben Bernanke has an almost $75,000 price on his head, placed there by anonymous malcontents online. He's the biggest—but far from the only—target on Assassination Market, a "dark web" site that lets users nominate targets and contribute money to the cause using theoretically untraceable bitcoins....

University: Pay Us in Bitcoin
 University: 
 Pay Us in Bitcoin 
Nov 22, 2013 11:04 AM CST

University: Pay Us in Bitcoin

Drums up interest with master of science degree in digital currency

(Newser) - First you could buy a condo with Bitcoin and now you can pay your tuition using the digital currency, too—if you attend Cyprus' University of Nicosia, that is. The school says it's the first university to offer fees payable in the currency feds are praising , and those with...

As Feds Sing Praises, Bitcoin Hits Record High

Senators told IRS plans to regulate virtual currency

(Newser) - Bitcoin had a good day yesterday—as did people holding the virtual currency. On some exchanges, it hit record prices of $800 or more after a Senate hearing that saw federal officials praise some of the benefits of digital money, the Wall Street Journal reports. The first-ever congressional hearing on...

Man Forgets $27 for 4 Years, Finds $886K
 Man's Forgotten 
 $27 Bitcoin Buy 
 Becomes $886K 
IN CASE YOU MISSED IT
Nov 3, 2013 5:45 PM CST

Man's Forgotten $27 Bitcoin Buy Becomes $886K

Researcher bought 5K Bitcoins on a whim in 2009

(Newser) - Completely forgetting about the $27 in Bitcoin he bought while researching the online currency is the best investment move Kristoffer Koch is ever likely to make. Four years after his 2009 research on encryption, media coverage of the currency earlier this year jogged the Norwegian's memory and he was...

Hey, Buddy, Wanna Buy Stock in a Football Player?

We're back in an era of crazy investments: Kevin Roose

(Newser) - Hang on to your wallets, folks, because "the age of bull---- investments is back," declares Kevin Roose at New York . The collapse of 2008 put a damper on things, but today the financial world is filled with crazy schemes and iffy start-ups designed to separate suckers from their...

Bug Is Swiping Android Users' Bitcoins

As New York probes virtual-currency firms' practices

(Newser) - Bitcoin users with Android gadgets, beware: A bug is targeting wallets like yours. The problem hinges on Android's random number generator, which, according to Bitcoin, "contains critical weaknesses that render all Android wallets generated to date vulnerable to theft." Bitcoin Wallet, blockchain.info, BitcoinSpinner, and Mycelium are...

Winklevoss Twins Want You to Invest in Bitcoins

They ask SEC for permission to create fund for ordinary investors

(Newser) - We already knew the Winklevoss twins were big believers— and big investors —in the virtual currency known as Bitcoin. Now the twins famous for their fight with Mark Zuckerberg over the origins of Facebook are upping the ante: They have filed papers with the SEC to create the Winklevoss...

Trump Condo For Sale ... in Bitcoin Only

New site aims to provide luxury goods for 'Bitcoin millionaires'

(Newser) - What can you actually pay for in Bitcoins? Well, at the moment, the list appears to include a luxury condo in New York City. A one-bedroom apartment in the Trump SoHo building went up for sale yesterday for 20,874 BTC, which is to say just over $1.9 million....

Winklevoss Twins Behind One of Biggest Bitcoin Hauls

Former Zuckerberg rivals: digital currency 'here to stay'

(Newser) - The Winklevoss twins of Facebook fame/infamy are leading the charge on another digital frontier: the digital currency known as bitcoin. Their holdings translated to some $11 million in actual money, they say; that is, before values dropped drastically yesterday. But Tyler and Cameron are confident in their investment. "People...

Bitcoin Exchange Halts Trading After Big Selloff

It's either because of a huge influx of accounts or hackers

(Newser) - Bitcoin fans have to cool their heels until 10pm Eastern. The biggest exchange of the digital currency has halted trading after a steep drop in value yesterday, reports the Guardian . Tokyo exchange Mt. Gox blamed the drop—from $266 to about $100—on an "astonishing" number of new accounts...

Should You Buy Bitcoins?
 Should You Buy Bitcoins? 
OPINION
Apr 10, 2013 1:17 PM CDT

Should You Buy Bitcoins?

Pundits explore the booming currency bubble

(Newser) - The price of Bitcoins is skyrocketing at a head-turning rate—they're currently worth more than $200 each, up from $90 when we wrote this piece on the phenomenon two weeks ago—which has everyone wondering: Is this a bubble? And should you buy anyway in the likely event that...

Internet 'Bitcoin' Worth More Than 20 State Currencies

Is it a flight to safety, or a surge in drug market?

(Newser) - There isn't any national treasury backing the bitcoin, nor does anyone have great stores of physical bitcoins lying around. Yet more than $1 billion worth of this invented currency is in circulation—more than the entire currency stock of 20 countries, Fox News reports. A single bitcoin is currently...

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