Category Archives: bitcoin

bitcoin

Biggest and most embarrassing blunder in its 81-year history ? #Newsweek

Newsweek wanted a scoop for its relaunch cover story, and boy did it deliver: it uncovered the identity of Satoshi Nakamoto, the inventor of bitcoin. Who then promptly came out and denied everything. Which means that one of the two is wrong: either Nakamoto is lying through his teeth, or Newsweek has made what is probably the biggest and most embarrassing blunder in its 81-year history.

http://blogs.reuters.com/felix-salmon/2014/03/07/the-satoshi-paradox/

Related Posts

  • #Bitcoin prices are all out of whack
    83
    Bitcoin prices are all out of whack. Mtgox cratering. pic.twitter.com/exe8Bwl6cG
    Tags: bitcoin
  • The Man Who Really Built Bitcoin
    81
    Who cares about Satoshi Nakamoto? Someone else has made Bitcoin what it is and has the most power over its destiny. In March, a bewildered retired man faced journalists yelling questions about virtual currency outside his suburban home in Temple City, California. Dorian Nakamoto, 64, had been identified by Newsweek as the…
    Tags: bitcoin, nakamoto, satoshi
  • ‘Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier Than Ever
    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
  • Hedge Fund Anticipates Bitcoin Will Overtake PayPal in US Dollar Transactions Later This Year
    79
    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
  • Bitcoin bug causes massive sell-off
    79
    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
bitcoin

The Face Behind Bitcoin

Satoshi Nakamoto stands at the end of his sunbaked driveway looking timorous. And annoyed.

He’s wearing a rumpled T-shirt, old blue jeans and white gym socks, without shoes, like he has left the house in a hurry. His hair is unkempt, and he has the thousand-mile stare of someone who has gone weeks without sleep

http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

http://www.zerohedge.com/news/2014-03-06/how-bitcoins-not-so-secret-satoshi-nakamoto-was-discovered-hint-phone-book

Related Posts

  • #Bitcoin prices are all out of whack
    83
    Bitcoin prices are all out of whack. Mtgox cratering. pic.twitter.com/exe8Bwl6cG
    Tags: bitcoin
  • The Man Who Really Built Bitcoin
    81
    Who cares about Satoshi Nakamoto? Someone else has made Bitcoin what it is and has the most power over its destiny. In March, a bewildered retired man faced journalists yelling questions about virtual currency outside his suburban home in Temple City, California. Dorian Nakamoto, 64, had been identified by Newsweek as the…
    Tags: bitcoin, nakamoto, satoshi
  • ‘Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier Than Ever
    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
  • Hedge Fund Anticipates Bitcoin Will Overtake PayPal in US Dollar Transactions Later This Year
    79
    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
  • Bitcoin bug causes massive sell-off
    79
    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
bitcoin

Bitcoin exchange Mt. Gox’s website down

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 of the trust of users of Mt.Gox was the result of one company’s actions and does not reflect the resilience or value of bitcoin and the digital currency industry,” the companies – Coinbase, Kraken, Bitstamp, BTC China, Blockchain and Circle – said in the statement. ()

On Sunday, Mark Karpeles, chief executive of Mt. Gox, resigned from the board of the Bitcoin Foundation, in a blow to the digital currency. Mt. Gox had once been the largest exchange handling Bitcoin.

The resignation followed a number of technical issues, including a massive cyber attack from unknown sources that has been spamming bitcoin exchanges.

http://www.reuters.com/article/2014/02/25/mtgox-website-idUSL3N0LU1N920140225

Related Posts

  • Bitcoin plunges after major platform indefinitely halts withdrawals
    87
    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, digital, mt, gox, currency
  • Hedge Fund Anticipates Bitcoin Will Overtake PayPal in US Dollar Transactions Later This Year
    87
    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, currency, digital
  • Mt. Gox's CEO resigns from Bitcoin Foundation
    87
    Mark Karpeles, chief executive of Mt. Gox, the embattled Toyko-based bitcoin exchange, resigned on Sunday from the board of the Bitcoin Foundation, in the latest blow to the digital currency. Jinyoung Lee Englund, a spokesperson for the Bitcoin Foundation - a trade group promoting the adoption of the digital currency,…
    Tags: bitcoin, mt, digital, currency, gox's, gox, exchange
  • #Bitcoin prices are all out of whack
    86
    Bitcoin prices are all out of whack. Mtgox cratering. pic.twitter.com/exe8Bwl6cG
    Tags: bitcoin
  • Bitcoin Foundation Blames Mt. Gox for Withdrawal Stoppage
    83
    The Bitcoin Foundation said the Mt. Gox Bitcoin exchange in Tokyo is to blame for technical faults that prevented customer withdrawals of the virtual currency that lost as much as 21 percent of its value today. “The issues that Mt. Gox has been experiencing are due to an unfortunate interaction between Mt.…
    Tags: mt, gox, bitcoin, currency, exchange
bitcoin, Trading

Mt. Gox’s CEO resigns from Bitcoin Foundation

Mark Karpeles, chief executive of Mt. Gox, the embattled Toyko-based bitcoin exchange, resigned on Sunday from the board of the Bitcoin Foundation, in the latest blow to the digital currency.

Jinyoung Lee Englund, a spokesperson for the Bitcoin Foundation – a trade group promoting the adoption of the digital currency, confirmed the news and said the resignation was effective immediately.

http://www.reuters.com/

Related Posts

  • Bitcoin exchange Mt. Gox's website down
    87
    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, exchange, currency, digital, gox's
  • Hedge Fund Anticipates Bitcoin Will Overtake PayPal in US Dollar Transactions Later This Year
    84
    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, currency, digital, ceo
  • Bitcoin plunges after major platform indefinitely halts withdrawals
    81
    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, digital, mt, gox, http://www.reuters.com, currency
  • #Bitcoin prices are all out of whack
    81
    Bitcoin prices are all out of whack. Mtgox cratering. pic.twitter.com/exe8Bwl6cG
    Tags: bitcoin
  • Bitcoin bug causes massive sell-off
    78
    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, mark
bitcoin

Silk Road 2 Hacked: Entire Bitcoin Wallet Drained, $2.7 Million Stolen

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/

Related Posts

  • Bitcoin exchange Mt. Gox's website down
    81
    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
  • ‘Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier Than Ever
    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
  • Bitcoin bug causes massive sell-off
    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
  • #Bitcoin prices are all out of whack
    79
    Bitcoin prices are all out of whack. Mtgox cratering. pic.twitter.com/exe8Bwl6cG
    Tags: bitcoin
  • Bitcoin plunges after major platform indefinitely halts withdrawals
    77
    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
bitcoin

#Bitcoin prices are all out of whack

Bitcoin prices are all out of whack. Mtgox cratering. pic.twitter.com/exe8Bwl6cG

Related Posts

  • Bitcoin bug causes massive sell-off
    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
  • ‘Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier Than Ever
    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
  • Bitcoin exchange Mt. Gox's website down
    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
  • Hedge Fund Anticipates Bitcoin Will Overtake PayPal in US Dollar Transactions Later This Year
    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
  • Bitcoin plunges after major platform indefinitely halts withdrawals
    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
bitcoin

Bitcoin Foundation Blames Mt. Gox for Withdrawal Stoppage

The Bitcoin Foundation said the Mt. Gox Bitcoin exchange in Tokyo is to blame for technical faults that prevented customer withdrawals of the virtual currency that lost as much as 21 percent of its value today.

“The issues that Mt. Gox has been experiencing are due to an unfortunate interaction between Mt. Gox’s implementation of their highly customized wallet software, their customer support procedures and their unpreparedness,” said Gavin Andresen, chief scientist for the foundation, which promotes and sets technical standards for the currency.

 

http://www.bloomberg.com/

Related Posts

  • What is Bitcoin for you ? A currency ?
    84
    Read what @johngapper write in @ft Bitcoin is being forced to grow up fast. The arrest last week on money laundering charges of Charlie Shrem, a leading Bitcoin champion, coincided with a regulatory hearing in New York to consider what on earth it is – a virtual currency, speculative asset or…
    Tags: bitcoin, currency, virtual, exchange
  • Bitcoin exchange Mt. Gox's website down
    83
    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, exchange, currency
  • The Man Who Really Built Bitcoin
    79
    Who cares about Satoshi Nakamoto? Someone else has made Bitcoin what it is and has the most power over its destiny. In March, a bewildered retired man faced journalists yelling questions about virtual currency outside his suburban home in Temple City, California. Dorian Nakamoto, 64, had been identified by Newsweek as the…
    Tags: bitcoin, andresen, currency, virtual
  • Bitcoin plunges after major platform indefinitely halts withdrawals
    78
    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, currency
  • Mt. Gox's CEO resigns from Bitcoin Foundation
    78
    Mark Karpeles, chief executive of Mt. Gox, the embattled Toyko-based bitcoin exchange, resigned on Sunday from the board of the Bitcoin Foundation, in the latest blow to the digital currency. Jinyoung Lee Englund, a spokesperson for the Bitcoin Foundation - a trade group promoting the adoption of the digital currency,…
    Tags: bitcoin, foundation, mt, currency, chief, gox, exchange
bitcoin

Bitcoin plunges after major platform indefinitely halts withdrawals

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

Related Posts

  • Bitcoin exchange Mt. Gox's website down
    87
    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, currency, digital
  • Hedge Fund Anticipates Bitcoin Will Overtake PayPal in US Dollar Transactions Later This Year
    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, currency, digital
  • #Bitcoin prices are all out of whack
    84
    Bitcoin prices are all out of whack. Mtgox cratering. pic.twitter.com/exe8Bwl6cG
    Tags: bitcoin
  • Mt. Gox's CEO resigns from Bitcoin Foundation
    81
    Mark Karpeles, chief executive of Mt. Gox, the embattled Toyko-based bitcoin exchange, resigned on Sunday from the board of the Bitcoin Foundation, in the latest blow to the digital currency. Jinyoung Lee Englund, a spokesperson for the Bitcoin Foundation - a trade group promoting the adoption of the digital currency,…
    Tags: bitcoin, mt, digital, currency, http://www.reuters.com, gox
  • ‘Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier Than Ever
    81
    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
bitcoin

Bitcoin bug causes massive sell-off

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

Related Posts

  • #Bitcoin prices are all out of whack
    88
    Bitcoin prices are all out of whack. Mtgox cratering. pic.twitter.com/exe8Bwl6cG
    Tags: prices, bitcoin
  • ‘Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier Than Ever
    83
    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
  • Bitcoin exchange Mt. Gox's website down
    82
    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
  • Hedge Fund Anticipates Bitcoin Will Overtake PayPal in US Dollar Transactions Later This Year
    82
    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
  • Bitcoin plunges after major platform indefinitely halts withdrawals
    81
    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, monday
bitcoin

Bad day for Bitcoin at Mt. Gox.

Mt. Gox “temporarily pause on all withdrawal requests” 

This a warning sign for me !

Dear MtGox Customers,

In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.

In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.

We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet and can be reinitiated once the issue is resolved. The trading platform will perform as usual for the needs of our customers. 



Our team will resolve this problem as soon as possible and will provide an update on Monday, February 10, 2014 (JST).



We deeply apologize for the inconvenience caused, and thank you for your kind support and considerations. 


Sincerely,

The MtGox Team

Related Posts

  • A Bitcoin Mining Center for Sweden
    10000
    While Sweden’s large mining-equipment companies are suffering from low demand, another type of mining there has struck gold. Sweden’s KnC Miner—a company that makes powerful computers solely built to create bitcoins—Thursday said it is establishing a huge data center in Boden in the northernmost part of the Scandinavian nation to…
    Tags: bitcoin
  • What is Bitcoin for you ? A currency ?
    10000
    Read what @johngapper write in @ft Bitcoin is being forced to grow up fast. The arrest last week on money laundering charges of Charlie Shrem, a leading Bitcoin champion, coincided with a regulatory hearing in New York to consider what on earth it is – a virtual currency, speculative asset or…
    Tags: bitcoin
  • A Bitcoin ‘Flash Crash’ As Volume Spike Briefly Takes Price to $309
    70
    Once more is Bitcoin falling .... Bitcoin Latest Price: $458.77, down 6.9% (via CoinDesk) Crossing Our Desk: - Bitcoin prices on Monday plunged – on a single exchange – in what’s being called a “flash crash” of the digital currency, after what appears to be a cascading series of trades that occurred in rapid…
    Tags: bitcoin, trading
  • Predicting big market crashes is a difficult business, but ...
    70
    Predicting big market crashes is a difficult business, many would say impossible. A pair of physicists - drawing inspiration from the market for bitcoin, no less -might be on to something. They turned to the bitcoin market because it has a unique feature, perhaps related to the fact that it is still…
    Tags: bitcoin, trading
  • Mathias Sundin’s bitcoin advocacy and donations has made him elected in the parliamentary election
    54
    How a Swedish politician won an election using Bitcoin donations only.   Over the past years, many politicians have run Bitcoin-centric campaigns; however,  they have not succeeded in reaching centralized higher political office. Mathias Sundin, who won the recent Swedish parliamentary elections, holds the world record in making it using…
    Tags: bitcoin, will, system