Using the same transaction malleability bug in bitcoin’s protocol that led to bitcoin exchanges like Mt. Gox and BitStamp shutting down withdrawals, hackers cleaned out the bitcoin wallet belonging to Silk Road 2, an underground Internet black market that launched in October after the FBI shut down the original Silk Road.
The hackers made off with 4474.27 bitcoins, roughly the equivalent of $2.7 million.
http://www.ibtimes.com/
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The website of Mt. Gox appears to be taken down, shortly after six major Bitcoin exchanges released a joint statement distancing themselves from the troubled Tokyo-based bitcoin exchange. Mt. Gox's homepage was not loading, although no error message appeared. Mt. Gox was not immediately available for comment. "This tragic violation…
Tags: bitcoin, mt, gox, exchanges
80
Government regulators around the world have spent the last year scrambling to prevent bitcoin from becoming the currency of choice for money launderers and black marketeers. Now their worst fears may be about to materialize in a single piece of software. On Thursday, a collective of politically radical coders that…
Tags: bitcoin, wallet, black
80
A bug in the bitcoin software that makes it possible to alter transaction details over the network has caused panic-selling among holders of the crypto-currency, sending prices crashing below the $600 mark on Monday morning. http://www.finextra.com/news/fullstory.aspx?newsitemid=25707
Tags: bug, bitcoin, $, gard, transaction
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Bitcoin prices are all out of whack. Mtgox cratering. pic.twitter.com/exe8Bwl6cG
Tags: bitcoin
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The price of the digital currency bitcoin slid to its lowest level in nearly two months on Monday after bitcoin digital marketplace Mt. Gox said a halt on withdrawals it announced on Friday would continue indefinitely after it detected "unusual activity." http://www.reuters.com
Tags: bitcoin, withdrawals, mt, gox
TEAR GAS IS A GOOD TEACHER. It taught me that what they say is true: Awful conditions can bring out the best in people. It taught me that one can get used to almost anything, including a sensation of choking, and of impending death. It taught me to savor the simple pleasure of fresh air.
Tear gas even taught me something about a subject I have studied for many years as an academic: social media. It was June 2013 and I was in the middle of the Gezi Park protests in Istanbul. After each volley of tear gas, protesters would pull out their phones and turn to social media to find out what was happening, or to report events themselves. Twitter had become the capillary structure of a movement without visible leaders, without institutional structure. Without even a name.
https://medium.com/
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A few weeks ago David Carr profiled Kevin Kelly on page 1 of the New York Times Business section. He wrote that Kelly's pronouncements were "often both grandiose and correct." That’s a pretty good summary of Kevin Kelly's style and his prescience. http://www.edge.org/conversation/the-technium
Tags: good, #longread
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Hayes has devoted the past fifteen years to studying atrazine, a widely used herbicide made by Syngenta. The company’s notes reveal that it struggled to make sense of him, and plotted ways to discredit him. http://www.newyorker.com/reporting/2014/02/10/140210fa_fact_aviv
Tags: #longread, years
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In Mike McQueary, some see a hero who brought down a monster. Others see a liar who railroaded a legend. At the upcoming trial that will close the book on the Jerry Sandusky scandal, Joe Paterno's former protégé will have the final word. http://espn.go.com/espn/feature/story/_/id/10542793/the-whistleblower-last-stand
Tags: #longread
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Meetings are such a fixture in our work lives that we constantly hear the same advice: have an agenda, keep it short, don’t invite too many people. However, despite the commonality of this well-meaning advice, research from Harvard suggests that half of all meetings are unproductive. http://99u.com/
Tags: people, #longread
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Nate Weiner is neither a journalist nor a publisher. He’s a developer bent on changing publishing, and he’s built the platform to do it. With 10 million users, Pocket is the largest save-for-later service on the market. But more than market share, what sets Pocket apart is its ability to…
Tags: #longread
With its proposed deal to buy Viber Media, Japanese e-commerce company Rakuten is stepping into a war zone.
The world of smartphone communications apps is fiercely competitive with many powerful players, and Viber’s success isn’t guaranteed. So why is Rakuten paying $900 million to get into this market?
http://blogs.wsj.com/
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Facebook has bought messaging app WhatsApp in a deal worth a total of $19bn (£11.4bn) in cash and shares. It is the social networking giant's biggest acquisition to date. WhatsApp has over 450 million monthly users and is popular with people looking to avoid text messaging charges. http://www.bbc.co.uk/news/business-26266689
Tags: $, deal, buy, telecom, economy
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Facebook Inc. (FB)’s $19 billion purchase of mobile-messaging startup WhatsApp Inc. is a stark reminder of how much money phone carriers are losing out on as competitors let users text and chat at no charge. Free social-messaging applications like WhatsApp cost phone providers around the world -- from Vodafone Group…
Tags: $, communications, telecom, economy
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The $19 billion deal to sell WhatsApp Inc. to Facebook Inc. (FB) started at Yahoo! Inc. more than five years ago, when Jan Koum became disillusioned at the way Internet companies were fixated on advertising. He left Yahoo in 2007 with one of the company’s other engineers, Brian Acton, and…
Tags: company, deal, $, telecom, economy
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For a decade, starting in the late nineteen-eighties, Ramesh Ramanathan worked his way up the executive ladder at Citibank in the United States. Then he led its corporate-derivatives branch in London. In 1998, however, he quit and returned to India, his country of birth. He had a new goal: finding…
Tags: economy, asian
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The global financial crisis did not start in 2008 but in 2007 when BNP Paribas and UBS AG suspended withdrawals from some of their funds. If the world is once again buffeted by a similar crisis thanks to the enormous splurge in Chinese lending and fears about the quality of…
Tags: economy, asian
On Tuesday, Federal Reserve Chair Janet Yellen promised the House Financial Services Committee “a great deal of continuity” in monetary policy as she fills the shoes of Ben Bernanke.
However, Yellen is not Bernanke. And depending on her read on the economy, she will use her powers to influence the direction of monetary policy via the Federal Open Market Committee.
So what is Yellen watching out for?
Read more: http://www.businessinsider.com/morgan-stanley-monitor-economy-janet-yellen-2014-2
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I will let you guess where we are in this "cycle". Within a fractional reserve banking system, if the Federal Reserve decreases the discount rate and the rate is lower than the long bond rate by enough of a spread, the banks get motivated to borrow at or close to the discount rate and loan…
Tags: market, economy, fed
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The following are the expectations for the minutes of the January FOMC meeting by the economists at Bank of America Merrill Lynch, Citibank, Morgan Stanley, Barclays Capital, and other leading banks. http://www.efxnews.com/
Tags: fed, economy
70
If you’re thinking of investing in stocks (or bonds) because you can’t think of anywhere better to put your money, you might want to take a pause and ponder what Stanley Fischer, the vice chairman of the Federal Reserve, just said at a conference in Tel Aviv, Israel. Fischer, speaking…
Tags: will, market, fed, federal, reserve, economy
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Dr Faber is predicting a 1987-type stock market crash this year only it will be worse. The US technology-heavy Nasdaq plummeted by 3.1 per cent on Thursday night (US time), its biggest one-day drop since November 2011. Dr Faber, the editor of the Gloom, Boom & Doom Report, has already…
Tags: will, market, reserve, fed, federal, economy
65
Is there something seriously wrong with the economy? It's a scary prospect, and a concern that's gotten louder and louder over the past year. In economic circles, it goes by the alliterative name of "secular stagnation." And it's a phrase that Fed watchers are likely to hear more and more in the…
Tags: economy, fed, will, great, market
The European Debt Crisis Visualized
http://www.bloomberg.com/
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There is no reason to further extend a European Union deadline for France to cut its budget deficit, the EU's top economic official said on Saturday, adding policy-makers should have learnt the lessons of the debt crisis and stuck to agreed rules. In June last year Paris got two more…
Tags: european, economy, debt, crisis, europe
86
Europe’s leaders argue that only deep budget cuts will revive the economy and inspire the necessary confidence among investors. The deal represents a major milestone for Greece, which was effectively shut out of the markets in 2010 when the debt crisis left it dependent on international bailouts to stay afloat.The…
Tags: debt, economy, europe
79
"There are no facts, only interpretations”, Friedrich Nietzsche once said. One needn’t be a nihilist or a relativist to be bemused at the latest radical rewriting of history from our official number-crunchers. Everything we thought we knew about the British economy’s performance over the past 15 years or so now…
Tags: economy, europe
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Feb 8 (Reuters) - If Greece is forced out of the euro zone, other countries will inevitably follow and the currency bloc will collapse, Greek Finance Minister Yanis Varoufakis said on Sunday. Greece's new leftist government is trying to re-negotiate its debt repayments and has begun to roll back…
Tags: debt, european, europe, economy
76
Low euro is like a "deflation" of the Euro. Is this good or bad ? Lets talk about devaluation. The idea being that the goods the nation has to offer will cost less with devaluation. Good idea, right? Many countries have resorted to this economic maneuver in order to increase exports.…
Tags: europe, economy
Bitcoin prices are all out of whack. Mtgox cratering. pic.twitter.com/exe8Bwl6cG
Related Posts
88
A bug in the bitcoin software that makes it possible to alter transaction details over the network has caused panic-selling among holders of the crypto-currency, sending prices crashing below the $600 mark on Monday morning. http://www.finextra.com/news/fullstory.aspx?newsitemid=25707
Tags: bitcoin, prices
87
Government regulators around the world have spent the last year scrambling to prevent bitcoin from becoming the currency of choice for money launderers and black marketeers. Now their worst fears may be about to materialize in a single piece of software. On Thursday, a collective of politically radical coders that…
Tags: bitcoin
86
The website of Mt. Gox appears to be taken down, shortly after six major Bitcoin exchanges released a joint statement distancing themselves from the troubled Tokyo-based bitcoin exchange. Mt. Gox's homepage was not loading, although no error message appeared. Mt. Gox was not immediately available for comment. "This tragic violation…
Tags: bitcoin
86
With the price of bitcoin seemingly on the up and up, there’s no shortage of conversation on the topic of where the price goes from here. There’s seemingly no shortage of optimism, either, with the value of bitcoin up a whopping 18 percent in the past week. Hedge fund Laureate BVI is…
Tags: bitcoin
84
The price of the digital currency bitcoin slid to its lowest level in nearly two months on Monday after bitcoin digital marketplace Mt. Gox said a halt on withdrawals it announced on Friday would continue indefinitely after it detected "unusual activity." http://www.reuters.com
Tags: bitcoin
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