Bitcoin

Uncle Sam loses $31M as it wavers on what to do with Bitcoin stash- report

The uncertainty of the US government on what to do with the Bitcoins it has confiscated from the Silk Road raid in October last year has already cost it paper losses amounting to $31 million, The New York Post reported.

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Protocol flaw, exchange shutdown, and $2.7M heist prompt speculations about Bitcoin's end

With Bitcoin encountering a series of problems lately, including withdrawal halting of exchanges, a $2.7 million heist, and a flaw in the Bitcoin protocol, speculations abound that the Bitcoin is coming to an end soon.

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Venture capitalist Marc Andreessen says tech is far from bubble territory

Marc Andreessen, venture capitalist and founder of Netscape, is optimistic that tech is already recovering from the 2008 financial crisis and that it has decades of growth ahead, TechCrunch reported.

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Cyber attack on bitcoin a big warning to currency's users

A massive cyber attack from unknown sources that has been spamming bitcoin exchanges is highlighting some of the dangers people can encounter when they exchange cash for digital currencies like the bitcoin, experts said on Wednesday.

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India's new central bank governor concerned about Bitcoin

Governor Raghuram Rajan of the Reserve Bank of India has reiterated concerns about the stability and credibility of virtual currencies like the Bitcoin, TechCrunch reported.

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Bitstamp suspends processing withdrawals after denial-of-service attack

The biggest Bitcoin exchange Bitstamp has temporarily halted processing withdrawals because of a denial-of-service attack but assured users that no funds have been compromised, TechCrunch reported.

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Bitcoin plunges after marketplace indefinitely halts withdrawals

The price of the digital currency bitcoin slid to its lowest level in nearly two months on Monday after bitcoin digital marketplace Mt. Gox said a halt on withdrawals it announced on Friday would continue indefinitely after it detected "unusual activity."

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Russia prohibits use of Bitcoin

The Central Bank of Russia echoed its statement that the Ruble is the country's official currency, and being a money substitute, Bitcoin is now banned because it is reportedly used in illegal activities.

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Silk Road operator gets November 3 trial date for online drug case

Alleged Silk Road operator Ross William Ulbricht will have a November 3 trial date after pleading not guilty in a Manhattan federal court, Bloomberg reported.

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Florida authorities file criminal charges on three men running illegal businesses involving Bitcoin

State authorities in Florida have arrested and filed charges against three individuals who they alleged were doing illegal operations involving substantial amounts of Bitcoins, Krebs on Security reported.

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Bitcoin value plunges 20pct after Mt Gox pauses trading

The value of digital currency Bitcoin plunged 21% to $619 from $783 after Tokyo, Japan-based exchange paused its trading because of an increase in withdrawal requests.

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American venture capitalist Ben Horowitz makes an interesting Bitcoin bet

New Bitcoin startup investor Ben Horowitz of US-based venture capital firm Andreessen Horowitz and Bitcoin skeptic Felix Salmon made a bet against each other on the status of the digital currency as a payment mechanism by 2109.

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Bitcoin rise in popularity produces startups focused on giving investors protection from hackers

Startups that intend to give Bitcoin investors protection from losses arising from hacking and theft have emerged from the phenomenal rise of the digital currency, Bloomberg reported.

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Removal of Bitcoin app Blockchain from App Store causes fans to ditch iPhones

iPhone fans aren't too happy that Apple has decided to remove a Bitcoin application called Blockchain from the app store, with some taking extreme action to show their displeasure to Apple, Bloomberg reported.

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Japanese Bitcoin exchange Mt Gox temporarily halts withdrawals

Tokyo, Japan-based Bitcoin exchange Mt Gox announced on its site that it temporarily halted Bitcoin withdrawals to resolve a technical problem that arose from the increased withdrawal traffic.

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