Satoshi Nakamoto could be unmasked if this hacker gets 25 Bitcoins September 9, 2014 A hacker is offering to reveal information that could unmask the anonymous founder of Bitcoin, Satoshi Nakamoto. The hacker, whose name is Jeffrey, claims he managed to get hold of the information by taking control of Nakamoto's email address; satoshin@gmx.com. “The fool used a primary gmx under his full name and had aliases set up [...]
Will Ecuador ditch the dollar for its own bitcoin? September 1, 2014 Ecuador is launching its first digital currency, backed by the country’s central bank, supposedly as a way to help poorer people who haven’t previously been able to access traditional banking. The nameless crypto-currency will come into use in December and could mean that the country might drop the US dollar – the currency Ecuador introduced [...]
$100,000 in Bitcoin lost in Cannabis Road hack August 25, 2014 Hackers have made off with $100,000 worth of Bitcoin from Cannabis Road, an online marketplace dedicated to Cannabis products, reports cryptocurrency news site Coindesk. Cannabis Road is now offline, and those trying to get onto the website will be greeted with a message informing visitors about the hack and how the developers intend to proceed. [...]
Why Bitcoin won’t be the money of the future – but cryptocurrencies might be August 18, 2014 PROPONENTS of Bitcoin like to suggest that it will be the money of the future. Critics point to its price volatility, evidence of a Bitcoin bubble and other problems. With the price of Bitcoin having just fallen below $500 for the first time since May, both sides make valid points. Bitcoin is a cryptocurrency, a [...]
Bitcoin crashes to below $500 August 18, 2014 Bitcoin has crashed to below $500 for the first time since May, dipping as low as $309 on BTC-e, the world’s third-largest Bitcoin exchange. The “flash crash” put an end to a relatively stable period for Bitcoin. The cryptocurrency has been the subject of big sell-offs since last week. Cryptocurrency site CoinDesk reckons it has shed [...]
Bitcoin market is the “wild west”, says US regulator August 14, 2014 A US government agency has warned consumers that they may be stepping into the "Wild West" when entering the cryptocurrency market. The Consumer Financial Protection Bureau released a report this week saying cryptocurrencies have potential benefits, but the public needed to be wary when entering the world of digital currencies. The agency highlighted the principle [...]
Britcoin vs Scotcoin: The UK cryptocurrency battle August 7, 2014 In the aftermath of George Osborne's announcement that the Treasury will investigate what role digital currencies can play in the UK financial system and the heated debate between Alex Salmond and Allister Darling on Scottish independence, could there be a better time to examine the fortunes of two competing UK cryptocurrencies? In the red corner, [...]
George Osborne makes a quick buck on £20 Bitcoin buy at Level 39 August 6, 2014 As the Chancellor of the Exchequer, you might expect George Osborne would like to keep his own pocket money in good old, Bank of England-regulated, sterling. But it’s apparent a trip to trendy FinTech den Level 39 has left Osborne with a sense of adventure – he’s gone where no chancellor has gone before – [...]
As the chancellor embraces Bitcoin, could it soon be integral to commerce in the UK? August 6, 2014 Charlotte Bowyer, digital policy researcher at the Adam Smith Institute, says Yes. Given the right conditions, digital currencies could revolutionise payments processing and become an integral part of UK commerce. Paying online with Bitcoin could become a serious alternative to using Visa or PayPal – if they don’t adopt the technology themselves. The low fees [...]
Osborne announces plans to explore the future of Bitcoin August 6, 2014 George Osborne has announced plans to explore how cryptocurrencies such as Bitcoin can play a role in the UK financial system. The chancellor has commissioned the Treasury to produce a report on digital currencies, examining their potential benefits and risks, which is set to be published in the Autumn. Osborne said he aims to make the UK [...]