Tag Archives: Bitcoin

Bitcoin has crested the $1,000 (£812) mark for the first time in years. After steady growth over the Christmas period, in the first day of trading in 2017, it has breached the $1,000 mark and continues to grow. This represents an increase of around 25 per cent in the past …

With the U.S. election finally over, we can all look to the future and in many ways that's rather shaky for the time being. However if you're sitting on a big stack of Bitcoin or similar digital currency, you're likely rather pleased, as while most financial institutions took a hit …

Since the original MegaUpload was shut down by authorities in 2012 and its many assets seized, original founder Kim Dotcom has been trying to develop a new file locker which cannot fall foul to old pitfalls. He's not quite managed it yet, but MegaUpload 2.0 might make it a reality, …

Earlier this month, we learned that Bitfinex had been hacked, with $70 million worth of currency lifted from the Bitcoin exchange overnight and causing Bitcoin value to drop. Bitfinex has remained closed for the time being while a plan is put in to place and now, the exchange has confirmed …

Kim Dotcom has been making headlines again recently following on from the announcement that he is reviving Megaupload, with a launch date set for January 2017. Since then, he has revealed a little more information on how the new Megaupload will work and as it turns out, every file transfer …

Bitcoin value has plummeted once again after $77 million worth of the digital currency was stolen during a hack on the Hong-Kong based exchange, Bitfinex. The security breach was discovered on Tuesday, all transactions have been suspended and an investigation is under way. In an update on the exchange website, …

Today is a crazy day, with everyone scrambling to make sense of what is a momentous event that will have ramifications for years and decades to come. In the short term though, as panic sets in and speculation runs wild, the British pound's value has dropped significantly and digital currencies …

Earlier this week, Craig Wright decided to out himself as the creator of Bitcoin and while some proof was provided at the time, many across the web remained sceptical. At first, Wright said that he would provide additional proof to support his claim but now, he appears to have backed …

The real identity behind Satoshi Nakamoto, the pseudonym said to be the creator of the bitcoin digital currency, has been a mystery for years. Several individuals have been connected with the identity, but though there was some evidence, nothing ever stuck. Now though, Australian Craig Wright has come forward with …

While the fanfare surrounding digital currencies like Bitcoin seems to have settled down a bit over the last year, plenty of people still have some left over to use and now, you can use your Bitcoins on Steam. We first heard that Valve may roll out Bitcoin payments on the Steam …

Update: Earlier this week, Microsoft's support page was updated to say that the company would no longer be accepting Bitcoin transactions as a form of payment for Microsoft account credit, which could be used to make purchases on the Windows and Xbox Stores. However, it turns out that this was …

The winds are constantly changing when it comes to Bitcoin, with values constantly rising and falling, so much so that Microsoft appears to have lost confidence in the digital currency and will no longer be supporting it or accepting it as a form of payment on its stores, including the …

Recently, a hospital in LA was hacked, with the attackers locking up work systems and likely getting away with private information regarding patients. Now in an effort to try and protect their privacy, the hospital has given in to a $17,000 Bitcoin demand in hopes that the attackers won't do anything …

While the fanfare surrounding digital currencies like Bitcoin seems to have settled down a bit over the last year, plenty of people still have some left over to use and soon, you may be able to use your left over Bitcoins up on Steam according to hints found in the …

Convicted Silk Road founder Ross Ulbricht has served a year of his double-life sentence without parole, but is now getting the chance to appeal his original conviction. The first step on that road is a big one too, as his legal team submitted a 140+ page document requesting the original trial …

The last few days have been quite tumultuous for the digital currency known as Bitcoin. Although it regularly experiences violent up and downswings in value, it's taken a jump of 20 per cent, following the rumored revelation that Australian Craig Wright is the currency's inventor, known as Satoshi Nakamoto. Bitcoin …

As much as the judge may have thrown the book at accused Silk Road founder Ross Ulbricht, handing him a life-sentence for running the dark-net marketplace, some would argue that the corrupt secret service agents working the case deserve worse. The second of them has now been sentenced however and has been …

Since its peak a couple of years ago, the price of Bitcoin has jumped around within a relatively confined range of values, often settling between two and three hundred dollars. However in the past 48 hours, it's value has exploded, doubling almost overnight before starting to crash down again. This stupendous …

If you're buying Bitcoin on a regular basis for illicit or legitimate reasons, you can breathe a sigh of relief – at least in one sense – as you won't be forced to pay an extra 20 per cent on those purchases in the future, as a European court has …

Over the last 24 hours it would seem that several prominent UK tech retailers have been targeted by DDOS attacks, which may also turn out to be linked to a group demanding large Bitcoin ransoms. Affected sites include Overclockers UK, Novatech, SCAN and Aria. All of these websites have been …

The former CEO of Mt Gox, Mark Karpelès has been officially charged with embezzlement by Japanese prosecutors. The former head of the Mt Gox Bitcoin exchange is said to have embezzled ¥321 million or £1.7 million. The exchange itself fell apart in 2014 after hundreds of thousands of Bitcoins disappeared …

One of the two agents accused of siphoning off Bitcoins during the investigation of the Silk Road dark-net marketplace, has pleaded guilty. Ex-Secret Service agent Shaun Bridges, 33, appeared in federal court and admitted to money laundering and obstruction of justice, having secretly moved over $800,000 worth of the digital …

Buying and selling Bitcoins in Australia should be a little easier going forward, as the government has declared that digital currencies should now be considered as real money, making their taxation far simpler. It will mean more work for exchanges however, which will now need to monitor their services for …

Along with the claims of Silk Road founder, Ross Ulbricht's defence team that he was the real Dread Pirate Roberts, Mt. Gox's old CEO, Mark Karpeles has been linked with the disappearance of hundreds of thousands of bitcoins worth many tens of millions and it looks like enough evidence has …

Whistleblowing can be a dangerous business. Edward Snowden's actions over the past couple of years have cost him his freedom and as many a Hollywood movie would show us, it can often lead to loss of life too. Fortunately we live in a world where people have the morale gumption …

The closure of Mt Gox was one of the biggest bitcoin related stories of 2014, despite it taking place early in the year. However, it's now come to light that despite being one of the world's prominent bitcoin exchanges and depositories, it was in-fact insolvent for a long time before …

Since Bitcoin began pulling in headlines and investments from all over the world following its meteoric value rise back in 2013, many other digital currencies have launched hoping to become the next standard in decentralised online payment systems. The newest of the bunch is ZiftrCoin, which the developers claim has …

uTorrent has been caught secretly bundling and installing a Bitcoin miner with its latest client update. The latest update has been found to secretly install EpicScale without user permission, which uses a certain amount of CPU power to mine Bitcoin in the background. Since the program comes automatically as part …

Dell has announced that it plans to start accepting bitcoins as a form of payment in the UK, following a successful trial of the digital currency over in the US. Dell initially began accepting crypto-currency as a form of payment in July last year but it was a US only …

In a rare opportunity, thanks to the United States Marshals Service and Ross Ulbricht of Silk Road fame, you are now able to bid on 50,000 seized Bitcoins. These Bitcoins are currently worth around £7.7 million (or $11.9 million USD) and were seized from Ulbricht when the feds snatched his laptop away from him in a San …