Tag: Bitcoin
Microsoft, the software giant everyone loves to hate, has announced it has begun accepting bitcoin for Xbox and Microsoft accounts via Bitpay, a Bitcoin payment processor that most companies use. You can only add in fixed dollar amounts up to $100, and the funds can be used to digitally purchase Xbox games, music, video, and […]
In June, after busting the first iteration of darknet marketplace Silk Road, the U.S. Marshals Service auctioned off 30,000 bitcoins it seized from the site’s operator. On Monday, the USMS announced the sale of another 50,000 bitcoin. But potential investors should be wary, as last time these came to auction, the USMS accidentally released a […]
Humans may not yet have the opportunity to be immortal, but we’re well on our way to immortalizing our genes. In 2013, scientists discovered a way to store genetic data in an app. Another group of researchers suggested that it may be possible to store man-made data in human genes. Now, one project called Genecoin […]
I fucking despise the iPhone game Bitcoin Billionaire. I can’t put it down. I’m already swimming in bits, my relationship is suffering, and I’m still going. It is a 5-star game that I rated 1-star, because I hate myself. Bitcoin Billionaire distills games to their simplest level: You mine virtual bitcoin by tapping the screen. […]
The US Securities and Exchange Commission (SEC) and the Financial Crimes Enforcement Network (FinCEN) have come down with serious regulatory decisions that will impact every Bitcoin-related business from exchanges like Coinbase, payment processors like BitPay, to even the Reddit tip bot you got Dogecoins from. FinCEN’s two rulings say that despite trying to pass virtual […]
Two popular Dogecoin and Bitcoin exchanges have allegedly been robbed by their CEO — a known con-artist — resulting in a MtGox’ian-collapse and customers being left empty-handed. The CEO of Moolah, Alex Green, who was declared responsible for “The Death of Dogecoin,” has been revealed as con-man Ryan Kennedy. Reportedly, 3,700 Bitcoin (~$1,480,000 at time […]
Remember the busy-work worksheets your math teacher assigned you in grade school? Well, if you want that tedious feeling back — without even a single gold star sticker as a reward — then electronics blogger Ken Shirriff has made a video just for you. Watch him “mine Bitcoin” with pen and paper. I decided to […]
Butterfly Labs, a bitcoin miner company, has been closed down by the feds. The Federal Trade Commission (FTC) alleges that Butterfly Labs charged people tens of thousands of dollars to pre-order “miners” — specialized computers that sustain the Bitcoin network and generate Bitcoins for the owner. While Butterfly Labs heavily marketed the miners, they repeatedly […]
Hong Kong’s version of America’s Most Wanted has a Bitcoin episode. They’re trying to be balanced and realistic. Within two minutes of the dramatization, some unfortunate denizen’s bitcoins have been stolen and “transferred to Columbia.” Hong Kong’s Finest wants to remind you that Bitcoin is highly volatile, with virtual exchanges blowing up all the time, […]
Today, New York’s Department of Financial Services has released a proposal [PDF] for a “BitLicense” regulatory framework, becoming the first state to create regulations specifically for cryptocurrencies like Bitcoin. WHO’S GONNA NEED A LICENSE? Exchanges, online wallet providers, escrow services, and the creators, administrators, and issuers of virtual currency now have to get a license from […]
