Bitcoin

  • Is This The Real Satoshi Nakamoto?

    Is This The Real Satoshi Nakamoto?

    It should come as no surprise that Newsweek suspects Satoshi Nakamoto, the reclusive creator of Bitcoin, is a shy, retiring Japanese-American man living in Temple City, California with his mother. The search – which is, quite boringly, based on looking through records naturalized U.S. citizens named Satoshi Nakamoto – seems to have homed in on one man, Dorian Prentice Satoshi Nakamoto. Read More

  • Congressman Calls To Ban U.S. Dollar In Response To Plea For Bitcoin Ban

    Congressman Calls To Ban U.S. Dollar In Response To Plea For Bitcoin Ban

    Congressman Jared Polis is calling on the Treasury to ban physical dollars in response to Senator Manchin’s plea to ban Bitcoin. “The exchange of dollar bills, including high denomination bills, is currently unregulated and has allowed users to participate in illicit activity, while also being highly subject to forgery, theft, and loss,” wrote Polis in a statement. To be… Read More

  • FreedomPop Announces The Privacy Phone, A Fully-Encrypted Smartphone For $10 A Month

    FreedomPop Announces The Privacy Phone, A Fully-Encrypted Smartphone For $10 A Month

    Meet the Privacy Phone, a device that FreedomPop brags is the only smartphone and mobile service that allows for encrypted communications. Lovingly nicknamed the “Snowden Phone” by FreedomPop, It can even be purchased with Bitcoin to further protect the owner’s anonymity. Simply put, if you’re in the market for a phone to plan to help run a criminal enterprise or… Read More

  • Fools And Their Bitcoin

    Fools And Their Bitcoin

    I got a text message today from a PR person – one I actually like – who asked me if I wanted the exclusive on two new bitcoin ATMs in Austin as well as a “roving” ATM that will, presumably, be spitting out crypto currency for drunk social media marketing managers at SXSW. “Do you want the story?” he asked. Read More

  • Overstock.com Exceeds $1M In Bitcoin Transactions In Two Months

    Overstock.com Exceeds $1M In Bitcoin Transactions In Two Months

    Surprise! People have bitcoins and want to spend them, a fact that Overstock.com quickly discovered after they started accepting bitcoin payments. “We did not expect to hit this milestone so quickly,” states Overstock.com Chairman and CEO Patrick M. Byrne. “Bitcoin customers are good customers, and we’re pleased to provide them this service.” Overstock.com… Read More

  • Mt. Gox Source Code Leaked By Hackers Along With Team Information, Customer Data

    Mt. Gox Source Code Leaked By Hackers Along With Team Information, Customer Data

    Those interested in building a Bitcoin exchange should look no further than this chunk of source code posted by a “Russian leaker” called nanashi_. It alleges to contain the 1,700-line source code for Mt. Gox’s electronic exchange. The code describes the Bitcoin class for Mt. Gox and the various methods for transmitting and receiving BTC. Hacker News believes that CEO… Read More

  • Britain Will Reportedly Scrap 20% Tax on Bitcoin

    Britain Will Reportedly Scrap 20% Tax on Bitcoin

    British authorities have plans to scrap a 20% “value-added tax” on Bitcoins, bringing regulation of the controversial crypto-currency in line with the way it treats other currencies. “The UK’s welcoming approach to Bitcoin contrasts with the approach of other countries, amid concerns about its use for tax evasion and money laundering as well as its notoriety for… Read More

  • As Auroracoin “Airdrop” Approaches, What Does It Mean When A Nation Adopts A Cryptocurrency?

    As Auroracoin “Airdrop” Approaches, What Does It Mean When A Nation Adopts A Cryptocurrency?

    Iceland has its own Satoshi. A programmer called Baldur Friggjar Odinsson has created an alternative to bitcoin that he is calling AuroraCoin and in twenty-three days he will “airdrop” 31.8 coins to every citizen of Iceland – all 330,000 of them. Read More

  • Gillmor Gang: Meat and Potatoes

    Gillmor Gang: Meat and Potatoes

    The Gillmor Gang — Dan Farber, Keith Teare, Kevin Marks, and Steve Gillmor — marked Farber’s transition from the media to the new frontier. We don’t know what his plans are, but I’m betting great things are just ahead. Several weeks after Om Malik moved into a full-time executive role in his venture firm, Dan’s move suggests we’re seeing something… Read More

  • TSA Reportedly Demands To Inspect Man’s Luggage For Bitcoin [Updated]

    TSA Reportedly Demands To Inspect Man’s Luggage For Bitcoin [Updated]

    Davi Baker wasn’t quite sure how to comply with the TSA’s demands to inspect his bags for Bitcoin. Baker had found himself in a testy exchange with airport security personnel during an enhanced screening, and they wanted an additional search of his belongings. Read More

  • What’s Not Being Said About Bitcoin

    What’s Not Being Said About Bitcoin

    Mt.Gox is gone. The one-time biggest Bitcoin exchange closed its doors this week and filed for bankruptcy this morning. Questions about the future of Bitcoin have once again been up-leveled to the headlines of nearly every major media outlet. Read More

  • UPDATED: Mt.Gox Files For Bankruptcy Protection, Says 850,000 Bitcoin Lost

    UPDATED: Mt.Gox Files For Bankruptcy Protection, Says 850,000 Bitcoin Lost

    Mt.Gox has filed for bankruptcy protection and has outstanding debt of about $63.6 million, a lawyer for the bitcoin exchange said today during a press conference at the Tokyo District Court. Read More

  • Federal Reserve Chair Janet Yellen: Fed Has No Authority To Regulate Bitcoin

    Federal Reserve Chair Janet Yellen: Fed Has No Authority To Regulate Bitcoin

    If you were worried about the Federal Reserve trying to step in to regulate Bitcoin, breathe easy: Its leader doesn’t think that the Fed has the authority to do so. Federal Reserve Chairwoman Janet Yellen was plain on the matter: “The Federal Reserve simply does not have authority to supervise or regulate [B]itcoin in any way.” She went on to call Bitcoin “a payment… Read More

  • Bitcoin Startup Coinbase Surges Past 1M Consumer Wallets In The Post-Mt.Gox Era

    Bitcoin Startup Coinbase Surges Past 1M Consumer Wallets In The Post-Mt.Gox Era

    Today Coinbase announced that it has created more than 1 million consumer Bitcoin wallets on its platform, pointing to increased interest in the market for the cryptocurrency. The company started 2013 with fewer than 13,000 wallets in the bag. Read More

  • Mt. Gox’s Demise Marks The End of Bitcoin’s First Wave Of Entrepreneurs

    Mt. Gox’s Demise Marks The End of Bitcoin’s First Wave Of Entrepreneurs

    When I started looking into the Bitcoin startup ecosystem in early 2013, there was something that was just off about half of the founders I met. “I consider myself psychologically unemployable,” BitInstant CEO Charlie Shrem told me in a phone interview last year. He described how he built BitInstant with an autistic Welsh hacker named Gareth Nelson whom he had never met in real-life. Read More

  • Here Is The Unredacted Financials Page From The Mt. Gox Presentation

    Here Is The Unredacted Financials Page From The Mt. Gox Presentation

    In this morning’s Mt. Gox “Crisis Strategy Guide” there was one page that was completely redacted. It dealt with Mt.Gox’s projected financials and was a mass of black bars over the text. Thanks to reader Blake Commagere, that’s no longer the case. Read More

  • The Bitcoin Regulation Paradox

    The Bitcoin Regulation Paradox

    Following the implosive death of the Mt.Gox Bitcoin exchange, a number of key players in the cryptocurrency space banded together to release a statement condemning the rogue and failed member of the larger Bitcoin economy. The price of Bitcoin, falling below the $500 mark, has since rebounded slightly. Views on the mishap come in various forms, but I think we can condense the lot into a few… Read More

  • Mt.Gox Implodes

    Mt.Gox Implodes

    Mt. Gox, one of the first bitcoin exchanges, is down after an apparent long-term operation bled the company of 744,408 BTC – about $350 million at today’s rate – over a period of years. Bitcoin is trading at about $500 today and Mt.Gox transactions have halted. Read More

  • Mt.Gox Resigns From Bitcoin Foundation’s Board, Clears Twitter Account

    Mt.Gox Resigns From Bitcoin Foundation’s Board, Clears Twitter Account

    Mt.Gox has resigned from the Bitcoin Foundation’s board of directors. The foundation made the announcement on its blog after the news was first reported by the WSJ. In addition, Reddit users also noticed that Mt.Gox has cleared all tweets from its official Twitter account. We’ve emailed Mt.Gox for comment. Read More

  • Goldman Sachs Takes On Bitcoin

    Goldman Sachs Takes On Bitcoin

    The eye of big finance is finally turning towards cryptocurrency. Responding to requests from clients, Goldman Sachs has put out an early assessment of Bitcoin that says little about the bank’s official position on BTC investment. So far, the financial services firm is neutral regarding the currency and is not actively recommending it to clients in its broad assessment of the currency… Read More