In early January, blockchain explorer and hosted wallet provider Blockchain.info announced that it had crossed an important milestone: One million user wallets created. Founded in mid 2011, the company had spent well over two years building up that level of adoption, and the news was widely seen as an overall indicator of growing interest in…
For every meme that miraculously gains a foothold in the public consciousness, from the Overly Attached Girlfriend to the genesis meme behind Dogecoin, those images still have to reside somewhere. Every image-bearing forum post, Reddit link, Facebook share and Twitter has to be stored and sent from a server. Increasingly, the most popular place to…
The Wall Street Journal reports today that a property in Lake Tahoe sold for 2,739 BTC, or roughly $1.6 million. The 1.4 acre property on the California side of the lake is located in the private luxury resort of Martis Camp, and appears to be the single biggest bitcoin-backed property sale to date. The price…
Chinese bitcoin and litecoin exchange Huobi announced this week that it has acquired two significant cryptocurrency properties: Multi-signature wallet provider Quickwallet and blockchain explorer system Qukuai. The new services will dramatically expand Huobi’s commercial offerings, and may well represent an attempt to grow the company beyond its current niche as one of the “big three”…
Ask anyone who was around for the early days of the internet, and they’ll begrudgingly admit that the adult industry was one of the most innovative proving grounds for the once-unproven online technology now taken for granted on almost every commercial website. In other words, the internet’s payment and security infrastructure was at least partially…
A report published by Dell’s SecureWorks says that hackers were able to steal roughly $83,000 in bitcoin and other cryptocurrencies by exploiting a weakness in how web traffic is routed. The report claims that 19 internet service providers, including big players like Amazon and DigitalOcean, were impacted. The exploit allowed hackers to briefly gain control…
It’s a sign of the times when even established companies are repositioning themselves to take advantage of the bitcoin zeitgeist. Calgary-based payment processor Vogogo is hardly a startup, with the original company founded well over a decade ago and existing in its current form since 2008. The company claims to have processed over $1 billion…
The Wikimedia Foundation was relatively slow to adopt bitcoin, taking months to approve the no-risk donation method after founder Jimmy Wales give the digital currency the thumbs up back in March. Some within the foundation had expressed concern that bitcoin’s user base was simply “too small” to justify the time and expense of integrating bitcoin…
The Arkansas School for Mathematics, Sciences and the Arts (ASMSA) received an unusual alumni donation this week, as former student Luther Lowe gifted the high school $10,000 worth of bitcoin. Lowe graduated from the school in 2001, and has maintained active ties with the institution since. The education he received at ASMSA seems to have…
Atlanta-based bitcoin payment processor BitPay announced a new partnership yesterday with a true titan of the payment industry, Global Payments. With over $2.4 billion in revenue last year Global Payments has a significant presence in almost every industry where money changes hands, particularly in credit card, debit card and EBT card markets. The company has…