The Securities and Exchange Commission has approved a plan from online retailer Overstock.com to issue company stock via the Internet, signaling a significant shift in the way financial securities will be distributed and traded in the years to come.
Even as his face towered 10 feet above the crowd at the Bitcoin Investor’s Conference in Las Vegas, Craig Steven Wright was, to most of the audience of crypto and finance geeks, a nobody.
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.