In February, Russia’s General Prosecutor’s Office released a statement that seemed to plainly state that using Bitcoin was illegal in the country. The statement seemingly left no gray area around Bitcoin’s status in Russian law. The anonymous payment systems and crypto-currencies, including bitcoin – which is the most popular of them – are monetary surrogates….
During a recent audit of the cryptographic program GnuTLS, Red Hat analysts discovered a “critical” bug that would allow attackers to bypass secure sockets layer (SSL) and Transport Layer Security (TLS) protections. The flaw in the GnuTLS library allows attackers to eavesdrop on encrypted traffic, opening up the potential for stolen passwords and more damaging…
For all the technological and economic innovations that Bitcoin has inspired, almost nothing is known about the man who created it. The idea behind Bitcoin started with a 2008 paper written by Satoshi Nakamoto, but the creator of cryptocurrency has been completely silent ever since. In fact, many people in the Bitcoin community have theorized…
Last week, Senator Joe Manchin (D-WV.) wrote a letter to the Treasury, Federal Reserve and other related financial agencies warning of the dangers of Bitcoin and proposing a ban on virtual currencies. Today, Representative Jared Polis (D-CO) published his own letter in response, warning of the dangers of physical bills of U.S. dollars. The tongue-in-cheek…
It sounds like a programmer’s dream: The Texas Bitcoin Conference Hackathon is currently offering up over $1 million in prizes and contracts for its Bitcoin 2.0 contest. The idea is to build the next generation of decentralized applications and protocols to push Bitcoin into the future. As with many seemingly great ideas, however, the devil…
When Autumn Radtke, the CEO of Singapore-based Bitcoin exchange First Meta, was found dead in her apartment last week, it sparked speculation that her death might have been linked in some way to the turmoil around Mt.Gox. That theory appears to be gaining ground, as local media in Singapore have begun referring to her death…
The Winklevii in space? According to a recent post on the Winklevoss Capital company blog, the twins have spent a healthy chunk of their Bitcoin reserves to buy two tickets on Sir Richard Branson’s Virgin Galactic space tourism experience. Tyler Winklevoss wrote the lengthy post about the twin’s decision to use a portion of their…
One of the most confusing things to the average person about the growth of Bitcoin is that there are currently few ways to spend it. With only a handful of major commercial websites accepting Bitcoin, it’s difficult to see the advantage over existing online payment systems like credit cards or PayPal. This view is common…
Speaking with the Wall Street Journal earlier today, Overstock CEO Patrick Byrne said that his company has raised their initial projection of Bitcoin sales to between $10 and $15 million for 2014. The company, which only began accepting Bitcoin a little under two months ago, initially expected to see $5 million in BTC transactions this…
Until today, if you wanted to Bitcoin in the U.K., you had to do it the old-fashioned way: Mining it, connecting your bank account to an exchange, or buying it directly from another Bitcoiner. With the activation of a new Lammasu-made Bitcoin ATM at London’s trendy Old Shoreditch Station cafe and bar. Operated by Bitcoin…