Bitcoin exchange Mt. Gox plans to lift its suspension of external Bitcoin transfers soon after fixing a weakness in its accounting process that left it susceptible to denial-of-service attacks, company representatives said Monday.
Silk Road 2 moderator Defcon reported in a forum post that hackers have used a transaction malleability exploit to hack the marketplace. The hackers stole over 88,000 4474.26 bitcoins worth $2,747,000, emptying the site’s escrow account.
The MIT students behind Bitcoin mining program Tidbit won the “most innovative” award at a recent hackathon.
But they will soon face a ruling from another kind of judge: one employed by the state of New Jersey.
A second major bitcoin exchange suspended withdrawals on Tuesday, amidst widespread attacks on the vast software system that drives the digital currency.
Bitstamp, an exchange based on Slovenia, says that it suspended Bitcoin withdrawals due to “inconsistent results” from its online bitcoin wallet caused by a denial-of-service attack, according to a post on the exchange’s Facebook page. “Bitcoin withdrawal processing will be suspended temporarily until a software fix is issued,” the post reads.
It's cool, it's hip, and it's virtual. Bitcoin has garnered much attention the world over, including here in Singapore where news broke this week that the island will be getting its first Bitcoin ATM. The question, however, is whether the country needs another currency, especially one that carries with it inherent risks.
Soon, you’ll have the option of locking your bitcoin wallet with your heartbeat.
A Canadian startup says it’s just a few months from shipping the Nymi, a wristband that can learn the unique sound of your heartbeat and use it to open and close your bitcoin wallet.
Linus Torvalds is sitting on $136 of unclaimed Bitcoins, according to a report at IT World.
IT World has spoken with Tip4commit, a place where people can leave Bitcoins to reward code, and found that Torvalds is just one of many people who have not collected their tributes. In fact, the website told IT World that around 40 percent of its digital cash is unclaimed.
Late last year, Theo de Raadt, founder of the security-focused OpenBSD project, issued a plea for funding. The project was facing a serious, perhaps even crippling setback due to the $20,000 cost of powering its development and build machines. The project repeated this plea last week with the electricity bill still unpaid.
Bitcoin: What is it, really? A digital currency? An investment? An Xbox game? For many people it's not clear, but that hasn't stopped venture capitalists from going gaga over it.
Since earlier this year, startups dealing in the technology known as Bitcoin have grabbed millions of dollars from some very prominent Silicon Valley VC firms. The amount totals at least some $50 million, all for a technology that could be gone, or pushed deep underground, if financial regulators decided to ban it.
The ascent this year of Bitcoin, a virtual currency forged through hard-core mathematics and buoyed by promises of financial liberation from banks, has been nothing short of mesmerizing.
It is being increasingly embraced as a viable means of exchange and a valuable investment, free from meddling by central banks and what some view as untrustworthy financial systems.
