Bitcoin was founded on the precept that peer-to-peer transactions should be made easy and cheap. However, terrorists organizations gave allegedly exploited the alternative payment method.
Tags: Bitcoin
IBM looking at adopting bitcoin technology for major currencies
International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the "blockchain," to create a digital cash and payment system for major currencies, according to a person familiar with the matter.
Investors put $116 million in bitcoin startup 21 Inc
Silicon valley startup 21 Inc has raised $116 million in venture funding to help broaden the uses of bitcoin technology, the Wall Street Journal reported.
Bitcoin Price 2015 hits $518?
How high could bitcoin climb? Bitcoin has been rising like crazy over the last few days, and looks like the price of bitcoin may be rising to a certain peak.
Google Ignites Android Pay to Kick Apple Pay from the Bitcoin Market? Payment System via Smartphones Arise
Google was reported to be making plans to develop Android Pay that would work alongside the already established Google Wallet, which was aimed to beat its top competitor Apple Pay.
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Bitstamp, one of the largest exchanges for trading the digital bitcoin currency, said it has temporarily suspended service after "some" of its "operational wallets were compromised" on Sunday, resulting in loss of about 19,000 bitcoins.
After skyrocketing to more than a thousand dollars in price late last year and attracting global attention, bitcoin, the leading digital currency, has stalled.
Hundreds of alleged usernames and passwords for online document-sharing site Dropbox were published on Monday on Pastebin, an anonymous information-sharing website.
Tech-savvy Venezuelans looking to bypass dysfunctional economic controls are turning to the bitcoin virtual currency to obtain dollars, make Internet purchases -- and launch a little subversion.
A man who helped to promote bitcoin wants to remain in the business despite pleading guilty Thursday to indirectly helping send more than $1 million in the digital currency to users of the illicit online marketplace Silk Road, his lawyer said.
Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.
American and Canadian Bitcoin traders and investors have agreed to settle the class-action lawsuits they have filed against the bankrupt Tokyo, Japan-based Bitcoin exchange Mt Gox in return for a 16.5% stake in the firm.
BTC China has halted deposits of local currency from the China Merchants Bank, causing the value of Bitcoin to fall from $500 to below $440, a 10% difference from its value in the past few days.
Tokyo, Japan-based Bitcoin exchange Mt Gox will file for liquidation in Tokyo instead of its initial plan of rebuilding the firm under bankruptcy protection after a bug reportedly brought the site down.
