bitcoin

The First Licensed US Bitcoin Exchange Will Open Today

The bitcoin service provider Coinbase is set to make history later today: it’s going to launch the first licensed US exchange for the currency, approved in 24 jurisdictions around the country.


Silk Road Reloaded Ditches Tor For A More Anonymous Network

Trying to shut down Silk Road, and any of its many-headed hydra reiterations, seems to be the ultimate lesson in futility. According to Motherboard, a new version of the online black market, called Silk Road Reloaded, launched today on the I2P anonymous network, dealing with several altcoin currencies.


One Of The Biggest Bitcoin Exchanges Just Went Dark After Getting Hacked

Just a few days after reports emerged that the infamous Mt Gox meltdown was an inside job, one of the biggest, oldest,and most trusted bitcoin exchanges — Bitstamp — just went offline after a security breach. Bitcoin exchanges come and go all the time, but this is different. Bitstamp is supposed to be the reliable one.


Report: Mt. Gox Bitcoin Loss Was An Inside Job

It’s almost a year since the Bitcoin locker Mt. Gox went offline and took its digital currency with it. Now, a report in Japan’s Yomiuri Shimbun newspaper claims that 99 per cent of the bitcoins that went missing from Mt. Gox falls were a result of “internal system manipulation.”


Microsoft Now Accepts Bitcoin For Digital Purchases In The US

Bitcoin adoption continues to grow apace and now Microsoft has joined the party. In the US, you can now use the currency to buy apps, games, music and videos from the Windows, Windows Phone, Xbox Games, Xbox Music and Xbox Video stores.


The Day Computer Games Got Sexy

Welcome to Reading List, a short round up of great science and technology reads from around the internets. This week we have a sexy foray into the first erotic computer game and the story of a scientist whose discovery of the rare element francium ultimately caused her death. Get to readin’.


A Fire Took Out A Huge Bitcoin Mining Operation

It’s 2014, and this is what a mining accident looks like. A massive fire reportedly broke out at a Bitcoin mining facility in Thailand last month, devastating all three of its buildings and possibly millions of dollars in hardware. The fire might just be a wakeup call to all the startups trying to mine Bitcoin on the cheap.


Supposed Bitcoin Creator Is Crowdfunding His Lawsuit... With Bitcoin

Back in March, Newsweek alleged that Dorian Nakamoto was the creator of Bitcoin. Now, though, Nakamoto is raising funds in the cryptocurrency to file a lawsuit against the publication, which refuses to retract its article.


Mining Bitcoin With Pencil And Paper

I decided to see how practical it would be to mine Bitcoin with pencil and paper. It turns out that the SHA-256 algorithm used for mining is pretty simple and can in fact be done by hand. Not surprisingly, the process is extremely slow compared to hardware mining and is entirely impractical. But performing the algorithm manually is a good way to understand exactly how it works.


PayPal Maybe Sorta Kinda Slightly Accepting Bitcoin

PayPal has just taken its very first baby step towards allowing Bitcoin payments for goods, thanks to a partnership with payment processors BitPay, Coinbase and GoCoin. PayPal’s move isn’t a wholesale endorsement of the crypto-currency: by partnering with existing Bitcoin payment processors, PayPal doesn’t actually have to handle (or hold onto) any Bitcoin itself, which basically makes this a risk-free move on PayPal’s part.


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