bitcoin

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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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