Silk Road 2.0 pledges to reimburse $2.7 million of stolen Bitcoins Online black market Silk Road 2.0 has announced to pay back more than $2.7 million worth of Bitcoins that was compromised last week. The heist affected 47 percent of the site’s total user base that lost a total of 4,474.26 Bitcoins. Silk Road Continue reading “Silk Road 2.0 pledges to reimburse $2.7 million of stolen Bitcoins”
Tag Archives: bitcoin
LocalBitcoins coming up with its own Bitcoin ATM
LocalBitcoins coming up with its own Bitcoin ATM LocalBitcoins has just announced the production of LocalBitcoins ATM, where local bitcoiners would be able to buy and sell Bitcoins without the need of locating another bitcoiner for a trade. The ATM costs almost half of that of the cheapest model currently available on the market with Continue reading “LocalBitcoins coming up with its own Bitcoin ATM”
Malware detected on CryptocoinTrader program
Malware detected on CryptocoinTrader program Earlier, there was a link posted on Reddit to download an open source program known as CryptocoinTrader which is an all in one trader for BTC/LTC/NVC/TRC/PPC/XPM/NMC and supports BTC-e, Cryptsy, Bitstamp, Bitfinex and MtGox. That sounds all too well, and the truth is the precompiled .exe contains malware. Redditor Continue reading “Malware detected on CryptocoinTrader program”
Bank of Thailand lifts ban on Bitcoin, trading resumes
Bank of Thailand lifts ban on Bitcoin, trading resumes When Bank of Thailand declared that Bitcoin is illegal last July, it is the first country to ban the cryptocurrency. Even though the official statement does not amount to an actual ban, Thailand’s Foreign Exchange Administration essentially categorize all activities involving Bitcoins as illegal due to Continue reading “Bank of Thailand lifts ban on Bitcoin, trading resumes”
New FinCEN ruling allows Bitcoin at marijuana dispensaries
New FinCEN ruling allows Bitcoin at marijuana dispensaries Marijuana has been legalized in Colorado and Washington state for recreational purposes, as well as eighteen other states and the district of Columbia for medicinal use. But since marijuana remains illegal under federal law, many appropriately licensed marijuana dispensaries have had to deal in cash only due Continue reading “New FinCEN ruling allows Bitcoin at marijuana dispensaries”
South Africa’s Standard Bank pilots integration with Bitcoin
South Africa’s Standard Bank pilots integration with Bitcoin Switchless co-founder Marcus Swanepoel announced at Finovate Europe 2014 that his firm’s product enables Standard Bank of South Africa account holders to trade with Bitcoins and store it in a secure wallet. It is being test run by an internal pilot group in South Africa’s Standard Bank, Continue reading “South Africa’s Standard Bank pilots integration with Bitcoin”
Purchase Alienware with Bitcoin from Gyft
Purchase Alienware with Bitcoin from Gyft Gyft.com is now offering gyft cards for Bitcoin. Dell is one of the Gyft merchants, which means that Gyft users are given the opportunity to purchase the mobile gyft cards to redeem for products at Dell as well as some other major merchants in the U.S. Users can Continue reading “Purchase Alienware with Bitcoin from Gyft”
No one agrees with Mt. Gox
No one agrees with Mt. Gox Since Mt. Gox highlighted that the withdrawal delay is due to transaction malleability, the statement has raised many response, but none that agrees Bitcoin protocol is the real problem. Bitcoin core developer, Gregory Maxwell are quick to dismiss Mt. Gox’s claims. Gregory mentioned that Gox blamed it on Continue reading “No one agrees with Mt. Gox”
Bitcoin price took a plunge as Mt Gox highlights Bitcoin flaw
Bitcoin price took a plunge as Mt Gox highlights Bitcoin flaw Mt. Gox has issued an official statement which blamed a critical flaw in the cryptocurrency for their decision to halt all Bitcoin withdrawals. To address the concerns raised by users, the company said that it is working hard to resolve a technical issue that Continue reading “Bitcoin price took a plunge as Mt Gox highlights Bitcoin flaw”
TigerDirect now accepts Bitcoin
TigerDirect now accepts Bitcoin Earlier this month, the online retail giant Overstock.com announced that they are accepting Bitcoin as a method of payment. This Thursday, TigerDirect revealed that they are now accepting Bitcoin as well. The US major electronics and computer parts retailer would be one of the largest businesses to accept Bitcoin thus far. Continue reading “TigerDirect now accepts Bitcoin”