The likes of Adam Ant and Billy Bragg are among the names backing the Free At What Cost? project. Launched by British composer Hélène Muddiman, the idea behind the campaign is to ensure that artists and content creators get a fair deal by charging for online views and listens.
The basic idea is to protect content against free viewing in an extension of the idea of simple DRM. While the logistics are still to be fully detailed, one of the proposals is to use a Bitcoin-like payment system to enables people to pay artists directly for access to their content.
Investors were left millions of dollars out of pocket when Mt. Gox died, but was the exchange's hoard of virtual currency long gone before the abrupt closure?
According to a new analysis and results of an investigation conducted by WizSec, Mt. Gox's stolen bitcoin reserves -- worth over $300 million at the time's trading rates -- were taken from the virtual currency exchange's hot wallet systematically over time. However, the theft did not take place in 2014; rather, WizSec lead investigator Kim Nilsson alleges that the funds were taken from late 2011 onwards.
A suburban Chicago police department paid a hacker a $500 ransom to restore access to data on a police computer that the hacker had disabled through the use of an increasingly popular type of virus.
The police department in Midlothian, a village southwest of Chicago, was hit in January by a form of the Cryptoware virus, which encrypted some files on a department computer, leaving them inaccessible without the encryption key, the Chicago Tribune reported (http://trib.in/17k9Hkv ).
Bitcoin prices have been taking a beating since the new year, but today the bottom fell out of the market altogether. After debuting at $314.59 on Friday, January 2, the currency fell to $267 by Monday, Jan 12. Then, in the past 36 hours, prices fell completely off a cliff, with the currency currently priced at $178.67 at CoinDesk.