A bitcoin-related company that allegedly engaged in deceptive marketing of specialized computers designed to produce the cryptocurrency has been shut down at the request of the US Federal Trade Commission.
In a complaint filed earlier this month against Butterfly Labs, the FTC alleged that the Missouri-based company charged consumers thousands of dollars for computers that mine Bitcoins but then failed to deliver the machines "until they were practically useless, or in many cases, did not provide the computers at all," the agency said in a statement Tuesday.
Someone has taken over the email account belonging to Bitcoin’s secretive creator, Satoshi Nakamoto, and says he will sell his secrets for money.
A security expert claims the FBI is lying about how it located the Icelandic server hosting the Silk Road underground drugs bazaar.
When Ross Ulbricht was arrested by the FBI and charged with being the operator of the billion dollar drugs empire known as Silk Road, one of the most intriguing questions for many was just how the law enforcement agency was able to locate the server hosting the website considering it was running on the anonymous Tor network.
Some bitcoin enthusiasts have used their cryptocurrency to travel around the world. Others have spent it on a trip to space. But the very earliest user of bitcoin (after its inventor Satoshi Nakamoto himself) has now spent his crypto coins on the most ambitious mission yet: to visit the future.
Michael Dell announced on Twitter in July that his namesake company would let customers buy Dell products using Bitcoins, making the tech vendor one of the largest businesses to accept the digital currency.
A month later, the Dell CEO said on Twitter that the company had received an order for PowerEdge servers worth more than 85 Bitcoins, or about $50,000. There were no details about the customer that bought the systems, but it's likely among the largest Dell has received since accepting Bitcoins as payment.