Tag Archives: Bitcoin

Bitcoin value has always been susceptible to violent jumps and dips in its value, famously crashing from $30 to $3 back in 2012, then shooting up to $200 and then $1200 in 2013. More recently however, with fallout from Mt Gox, one of the world's longest running exchanges, we've seen …

The value of bitcoins over the past year has been an interesting ride to watch, since it ballooned in just ten months from around $30 per coin, to a massive $1,200 at one point. Since then it's cruised at around the $950 mark but most recently, it's tumbled spectacularly after …

Back when the US federal authorities busted Ross Ulbricht, the alleged Dread Pirate Roberts and founder of the Silk Road online drugs marketplace, it also seized almost 30,000 bitcoins that were sitting in the site's digital vault. Back then, those coins were worth $140 each, so around $4.2 million. An …

Mining of virtual currencies is getting more and more popular among PC hardware enthusiasts since this is not only fun, but can bring actual income. IBuyPower, a leading PC maker from the U.S., on Tuesday introduced two systems designed specifically for crunching numbers and mining virtual currency. IBuyPower’s Mine series …

In terms of total bitcoins? It's rumoured to be the currency's creator, who no one has ever identified. His supposed name is Satoshi Nakamoto, but really it could be anything as nobody knows anything about the man (if it is even is a man or a single person at at …

The most recent bitcoin boom was driven by Chinese investment, with people from the country buying up more of it than the rest of the world put together just a few weeks ago. Today though, that situation is very different, as following increased regulations by the Chinese government making trading …

As bitcoin continues its latest struggle to decide if it wants to be worth more than a thousand dollars or not, companies around the world continue to accept it. Now, you can buy games for your little Android Ouya console using the digital currency through the Ouya store, just like …

If you thought there was a brown, stewy storm brewed up from the demise of drug marketplace Silk Road, wait until you hear the story behind the shut down of its offspring, Sheep Marketplace. It looks like someone managed to hack the site, stealing around $6 million worth of Bitcoins …

If following the spate of recent blocks here in the UK, you've been looking for alternative ways to visit your favourite torrent site, you may have made use of YourFreeProxy, a toolbar that provides a simple way of circumventing any government sanctioned censorship. However, it turns out that “the most …

We've talked about it for a few weeks now, the stupendous rise of Bitcoin's value as Chinese investors jumped on board the gravy train and started buying up the digital currency in huge quantities and they're still doing it, but that doesn't mean the price is going to continue to …

Esports gaming organisation, ESEA, has settled out of court with its bitcoin botnet case, agreeing to pay the State of New Jersey a million dollars to make the case go away. That case of course, is the one where it illegally installed bitcoin mining software and spyware on its user's …

Did any of you have any Bitcoins saved up? If so chances are you've made a killing recently, as the value of the digital currency is continuing to soar to new heights, despite a recent stumble on its latest rise. While just a few weeks ago the highest ever value …

Remember when Bitcoin boomed and crashed earlier this year? Me and every other talking head out there was comparing it to the Dotcom bubble and its eventual bursting, suggesting that if it were to ever to return to pre-crash levels, it would take years. Apparently not, as today we're looking …

Even with its continued acceptance as a donation tool and online currency, Bitcoin is still intrinsically linked with sites like the recently closed Silk Road drugs marketplace, that use it as the exclusive currency of choice. It's also often considered as a tool for money launderers, since it's simple to exchange …

Bitcoin is anything but a certain investment. Its value has climbed mountains and filled troughs more than most traded commodities over the past year, going from a near freely available curiosity for the tech savvy, to the £100 plus per-coin, digital currency it is today. Since Bitcoin's first big value …

Are you good at games but don't have a team around you to help you get into the big leagues? Maybe you're just a talented amateur who doesn't like the idea of the professional limelight. Either way, there's now a way you can turn your gaming skills into pounds, pounds, …

The online, tor-accessible drugs marketplace, Silk Road, looks to have been taken down by US federal authorities, with a notice posted up on the main page stating as such. Further reports also suggest that the notoriously anonymous admin of the site, Dread Pirates Roberts (DPR) has been identified and arrested …

Bitcoin is a brilliantly anonymous currency. Once its yours, you can do what you like with it and it's very difficult for anyone to track that down – you know, like cash. However one of the problems with it is that with mining becoming an unprofitable venture for all those …

The ESEA server client is designed to prevent cheaters, hackers and griefers in competitive online games like Counter Strike and Team Fortress 2. However recently it was discovered that for the past couple of weeks, the software had actually been home to a Bitcoin mining piece of malware too. The …

While a handful of investors no doubt made a killing in the past month with the meteoric rise of bitcoin's value, those making hardware specifically to mine bitcoins are doing pretty well too – but they aren't the only ones. While Avalon's ASIC systems have all pretty much sold at …

Since Bitcoin has become more of an accepted form of monetary transaction across the internet connected world, the bubble burst that hit its value last week, was going to be felt far and wide. It's not surprising then that one of the places that helped pioneer the currency has been …

Following on from an upsurge in activity during the heady days of Bitcoin's plus $200 value at the start of last week, Bitfloor has suffered in the wake of the crash and now apparently its US bank account is set to be closed, forcing the exchange to shut down – …

We've been reporting on Bitcoin's value explosion over the past couple of months, but for the past few days it's been tumultuous at best. Yesterday saw the highest Bitcoin value ever, topping out at around $266 per Bitcoin, but this was the final slog in Bitcoin's uphill sprint as it quickly tumbled …

A new trojan has been discovered that is being spread through innocuous looking Skype messages, giving ‘hackers' control of your machine. Once they do so however, they aren't creating a botnet, or stealing credit card details, but making you part of a distributed bitcoin mining network. Those hit with the …

I've been reporting a lot recently on the meteoric growth of Bitcoin's value. From its humble $12 value towards the end of 2012, it's already jumped to a ridiculous $120+ today and if that wasn't enough reason to sit up and take notice of the digital currency, Cyprus' citizens could …

We've talked a couple of times recently about how Bitcoin value has exploded over the past few months and that growth has continued till today, where it reach a new high of $91, over four times that of its value at the end of 2012. This has seen the entire …

Bitcoin may be a currency without much in the way of physical, real world value, but as with everyone, something's worth is defined by what someone is willing to pay for it. And apparently people are willing to pay more and more for Bitcoins, as the value of the digital …

Hackers have broken into Bitcoin brokerage, Bitinstant, taking more than $12,000 (£7,965) worth of the digital currency. The exchange has been quick to claim that no customers were affected – though the company website was knocked offline for a short period over the weekend. The hack was a clever one, involving …

Bitcoin, the internet's own currency, has continued to grow in value, in a world economy that seems untrustworthy over half a decade along from the 2008 market crash. Now though it's reached a new peak, with the average Bitcoin now going for over $32 (£21). The high point was yesterday …