Bitcoin News Price

Bitcoin price tumbles after exchange hit with $72 million hack

By on August 3, 2016 at 10:14 AM.

Bitcoin price tumbles after exchange hit with $72 million hack

The world’s largest dollar-to-Bitcoin exchange has been hit with a massive hack, which has reportedly seen 119,756 coins — worth around $72 million at the time — stolen from customer wallets. It’s one of the biggest Bitcoin security breaches of all time, and a major blow to the currency’s bid to be taken seriously.

The coins were stolen from Bitfinex, a Hong Kong-based exchange that was well-regarded in the community. Executives of the company have confirmed the breach and that they’re working with police, but have not yet decided what will happen to customers’ money that was stolen.

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Who Is Satoshi Nakamoto

Bitcoin creator ‘Satoshi Nakamoto’ has come forward and revealed his identity

By on May 2, 2016 at 7:46 AM.

Bitcoin creator ‘Satoshi Nakamoto’ has come forward and revealed his identity

We’ve been down this path before, but it’s looking increasingly likely that this may in fact be the last time. After a big mistake turned Dorian Nakamoto’s life upside down in 2014 when Newsweek unmasked the wrong man, the true Satoshi Nakamoto has seemingly come forward in a blog post and a coordinated reveal with several news agencies. Australian Craig Wright claims to be the inventor of popular cryptocurrency Bitcoin, and he apparently has provided technical evidence to back up his claim by providing keys tied to coins that are widely known to be in the possession of Bitcoin’s inventor. More →

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BitCoin Creator Revealed

Bitcoin creator revealed to be Australian genius Craig Wright; subsequently has house raided by police

By on December 9, 2015 at 8:20 AM.

Bitcoin creator revealed to be Australian genius Craig Wright; subsequently has house raided by police

Either [Craig Steven] Wright invented bitcoin, or he’s a brilliant hoaxer who very badly wants us to believe he did: so states an absolutely fascinating Wired article which purports to reveal the true identity of the man who created Bitcoin, the popular and at times misunderstood digital currency.

Ever since Bitcoin jumped into the mainstream vernacular, there have been no shortage of longstanding and still unanswered questions surrounding its origins. Back in 2014, Newsweek claimed to have located Bitcoin’s inventor, a California man named Satoshi Nakamoto. While the report certainly generated a lot of press, Newsweek’s evidence was rather thin. Not helping matters was that the man identified by the publication didn’t seem to possess the requisite skills that one would need to get something like Bitcoin up off the ground.

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BitCoin Credit Card

ISIS parks its cash in Bitcoin, experts say

By on November 25, 2015 at 8:45 PM.

ISIS parks its cash in Bitcoin, experts say

Just days after the hacker group Anonymous pledged to hunt down Islamic State members and launch cyberattacks against their accounts, a separate group of techies claims it has identified a key funding avenue for the terror network – bitcoin accounts.

Ghost Security Group, a collective of computer “hacktivists,” says it has located several bitcoin accounts that ISIS uses to fund operations. One account contained $3 million worth of bitcoin, a GhostSec member told Michael K. Smith II, a co-founder of Kronos Advisory, a national security advisory firm.

GhostSec “wants to make an impact in counterterrorism,” Smith said, adding that the GhostSec member reached out to him because government officials were not paying close attention to the allegations. More →

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Hal Finney Cryonically Frozen

Former Bitcoin coder and ALS patient is now being cryonically frozen

By on September 1, 2014 at 8:00 AM.

Former Bitcoin coder and ALS patient is now being cryonically frozen

Renowned cryptographer Hal Finney, known for his work on PGP encryption software and on early Bitcoin development, has passed away on Thursday following a five-year battle with ALS – a terrible disease that’s currently enjoying a viral funding campaign thanks to the “Ice Bucket Challenge” meme – but the programmer hoped that one day technology will heal him. According to Wired, Finney has become an early adopter of a kind of tech that’s only seen in movies, human cryopreservation. More →

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Roger Ver Hacker

Hacking victim becomes attacker when $20,000 bounty turns hacker into a crybaby

By on May 29, 2014 at 11:05 AM.

Hacking victim becomes attacker when $20,000 bounty turns hacker into a crybaby

Hackers, beware: Choosing the wrong victim can have severe consequences. And Roger Ver, also referred to as “The Bitcoin Jesus,” is the wrong victim.

Last week, a hacker called “Nitrous” contacted Ver to inform him that his Hotmail account had been compromised. By breaching the account, the hacker was able to obtain Ver’s Social Security number, his passport number, his mother’s Social Security number and other sensitive information.

As Wired reported, this would end up being one of the biggest mistakes Nitrous has ever made. More →

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Google Play Store Android Bitcoin Malware

Android users, beware: Simple wallpaper apps found to secretly mine bitcoin

By on April 25, 2014 at 10:36 AM.

Android users, beware: Simple wallpaper apps found to secretly mine bitcoin

Not long ago it was discovered that a couple of Google Play Store Android applications that were downloaded anywhere from one million to five million times had malicious code that covertly turned Android devices into silent Bitcoin miners. The malware managed to bypass Google’s Play Store security, but they were not the only ones to include digital currency mining capabilities. A new report from security firm Lookout reveals that at least five other applications from Google’s app store can also turn Android smartphones and tablets into miners. More →

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Mt. Gox Liquidation Filing

One-time Bitcoin king Mt. Gox nears the end of the road

By on April 16, 2014 at 9:15 PM.

One-time Bitcoin king Mt. Gox nears the end of the road

Sorry, Bitcoin fans: You’re never, ever, ever getting all your precious pieces of cryptocurrency back from Mt. Gox. The Wall Street Journal reports that Mt. Gox, the one-time Magic Card trading website that transformed itself into the world’s largest Bitcoin exchange before it collapsed earlier this year, has filed for liquidation. More →

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Bitcoin Trends

The most ominous Bitcoin trend

By on April 2, 2014 at 8:50 PM.

The most ominous Bitcoin trend

Last week, Bitcoin’s value tumbled 9% in one day on news that China’s central bank had ordered banks and payment companies to close trading accounts belonging to more than 10 exchanges. Since then, Bitcoin has crashed by nearly another 10%, now hovering around $480. It’s a steep decline from the feverish highs above $1,100 last November. More →

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