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+16 +10
Bitcoin to host its own Black Friday
The Bitcoin community is gearing up for a holiday shopping spree by hosting its own Black Friday event.
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+15 +5
Missing: hard drive containing Bitcoins worth £4m in Newport landfill site
A digital 'wallet' containing 7,500 Bitcoins that James Howells generated on his laptop is buried under four feet of rubbish
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+18 +7
The Magic Number: Bitcoin Prices Top $1,000
The value of a bitcoin has topped $1,000, a mere 11 months after the fledgling digital currency was worth little more than a $10 bill.
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+33 +5
These pizzas were bought 3.5 years ago for $10 million in today's USD.
This is a real picture of the infamous pizzas that were bought for 10,000 BTC back in May of 2010.
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+14 +4
In Bitcoin’s Orbit: Rival Virtual Currencies Vie for Acceptance
For many people, bitcoin seems like something from the day after tomorrow. For Lawrence Blankenship, it’s already a thing of the past.A software engineer from Springfield, Mo., Mr. Blankenship is putting his money on PeerCoin, one of the biggest of the virtual currencies that are being promoted as alternatives to bitcoin.
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Landfill search for £4m bitcoins computer
James Howells has been searching a landfill site in south Wales hoping to find a computer hard drive he threw away which is now worth over £4m.
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+9 +4
Texas Hacker Debunks Link Between Bitcoin Founder and Online Drug Market
Israeli academics Dorit Ron and Adi Shamir thought they may have uncovered an intriguing link between the anonymous creator of the bitcoin digital currency and the illicit online drug marketplace the Silk Road. But it turns out the idea was bunk.
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+7 +1
Crypto-Currency Bubble Continues: Litecoin Surpasses Billion Dollar Market Capitalization
Following yesterday’s news that Bitcoin had passed the $1000 mark, the halo effect continues this morning with the crypto-currency market capitalization site coinmarketcap.com reporting that Litecoin has joined the billion dollar virtual currency club. Litecoin is currently trading at $48.99 with a market cap of $1.14 billion dollars (as of writing).
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+29 +2
Bitcoin under pressure
Virtual currency: It is mathematically elegant, increasingly popular and highly controversial. Bitcoin’s success is putting it under growing strain.
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+24 +4
Signholder Receives Over $24,000 In Bitcoin After QR Code Appears On ESPN
Earlier today a Bitcoin newcomer reportedly received over 22 Bitcoin after holding up a sign with a Bitcoin QR code. In what is one of the most genius demonstrations of the cryptocurrency to date, the Bitcoin enthusiast created and displayed a sign that read “Hi Mom, send ” followed by the Bitcoin symbol.
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+20 +5
The secret Hong Kong facility that uses boiling goo to mine Bitcoins
A single Bitcoin is now worth over $1,000, but the process of mining for the digital currency — in which people devote computing power to facilitate global Bitcoin transactions and secure the currency's network — is growing increasingly expensive.
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+24 +5
Confession: I Could Have Made $128 Grand in Bitcoin But Lost $1,500.
Well that’s life…. Easy come, easy go. If the money’s easy to make, it’s easy to lose. This is NOT another “do / do not invest in Bitcoin article”. This is a story of the things I learned while losing money in bitcoin so you don’t make the same mistakes I did.
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+15 +6
Thoughts on Bitcoin
Maybe bitcoin will be the world reserve currency, maybe it will totally fail, or maybe it will survive in some niche capacity. I don’t know how to weight the probabilities (although I think in the immediate term it's likely to go down), but I do have a thought about the metric to watch: growth in legitimate transactions. A currency without the major use case being legitimate transactions is going to fail.
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+6 +2
Bitcoins: The Second Biggest Ponzi Scheme in History
I hereby make a prediction: Bitcoins will go down in history as the most spectacular private Ponzi scheme in history. It will dwarf anything dreamed of by Bernard Madoff. (It will never rival Social Security, however.)
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+12 +2
Tiny Kentucky town to pay its police chief in Bitcoin
"That's the way he wants paid, and that's the way the city is going to pay him,” the city commissioner said.
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+16 +6
Bitcoin banned from Chinese banks amid fears of laundering
Chinese regulators have banned financial institutions from using Bitcoin, warning that the virtual currency could be used for illegal activities and speculation.
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+11 +4
Bitcoin hype worse than 'tulip mania', says Dutch central banker
"At least when tulip mania ended you got a tulip at the end," said Nout Wellink, a former Dutch central banker. By Alex Hern
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+13 +2
In the Murky World of Bitcoin, Fraud Is Quicker Than the Law
The call went out on Twitter: “For insane profits come and join the pump.” It was an invitation to a penny stock-style pump-and-dump scheme — only this one involved Bitcoin, the soaring, slightly scary virtual currency that has beckoned and bewildered people around the world. While such bid ’em up, sell ’em off scams are shut down in the financial markets all the time, this one and other frauds involving digital money have gone unchecked.
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+21 +7
Who Is The Real Satoshi Nakamoto? One Researcher May Have Found The Answer
The Internet did something strange last week. When a researcher named Skye Grey posted a detailed analysis of textual biases in the writing of shadowing.
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+11 +1
Bitcoin Crashes, Loses a Quarter of its Value.
Bitcoin's value plummeted today, by 25% from a high of over 1100 US dollars per BTC to a low value of under 830. The virtual currency, whose value has increased five-fold in just over one month, has been at risk of such a spectacular crash due to speculative investment in the now multibillion dollar market.
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