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Tag Archives: BitCoin

$530 Million Bitcoin Heist Leaves Investors Holding the Bag

Coincheck, a Japan-based cryptocurrency exchange, is reeling after being hit by hackers who looted $ 530 million worth of bitcoin from 260,000 site users. The electronic heist is the largest known grab of electronic cash on record and is sending shock waves through the bitcoin world. Word of the heist …

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Bitcoin Report: Hedge Funds Snapping Up Mt. Gox Customer Claims

International hedge fund operators are snapping up claims from former customers of the now defunct bitcoin exchange, Mt. Gox. The story was broken by reporters at the Financial Times (subscription required) who relied on their own sources at unnamed international hedge funds. The current offer being floated is 15 percent …

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Bitcoin Prices Drop 20 Percent in Overnight Trading

Bitcoin prices fell more than 20 percent on Thursday, falling from $ 1071 (all values USD) to $ 893 in just a few hours. The big drop was believed to have been mostly triggered by the growing strength of the Chinese Yuan. Trading prices for the digital currency have skyrocketing …

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Judge Rules That Bitcoin is Real Money for Legal Purposes

Bitcoin is, indeed, a legitimate form of money. That’s the word that came down from U.S. District Judge Alison Nathan who sits on a federal court in Manhattan. While word of Bitcoin’s legal legitimacy likely comes as good news to fans of the crypto-currency, it’s bad news for Anthony Murgio. …

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Florida Judge Rules Bitcoin is Not Money

A Florida man accused of money laundering is a free man today after a Miami judge ruled the Bitcoins used in the alleged transaction aren’t actually money. The case is a milestone in Bitcoin litigation and has been closely watched by the Bitcoin community. At issue is whether a Bitcoin …

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Intertops Halts Bitcoin Deposits

Intertops, an Antigua-based online bookmaker with a storied past, has stopped accepting Bitcoin deposits. It’s a move that’s both shrouded in mystery and not particularly popular with the operator’s Bitcoin using customers. As of this writing, Intertops has yet to make a formal announcement as to why they’ve stopped accepting …

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BitGo Bitcoin Wallet Hit with DDoS Attack

BitGo, a well-known Bitcoin wallet service, was hit with a massive DDoS attack recently that left users unable to access their cash and challenged commonly held notions about Bitcoin security. The attack took place on Saturday and lasted somewhere between four and five hours. During the attack, end-users were unable …

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Australian Computer Scientists Believed to Be Bitcoin Inventor

The true identity of Satoshi Nakamoto, the anonymous inventor of the Bitcoin, has finally been revealed. According to a number of published reports Craig Wright, an Australian tech entrepreneur, is the real Satoshi Nakamoto and he’s got the Blockchain evidence to back his claim. A number of credible sources, including …

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