Auroracoin, the digital currency given as a free hand-out to every resident of Iceland, was supposed to be a a salvo for a country rankled by a broken financial system. It was heralded as the beginning of hyper-localized cryptocurrencies; it became the second-largest cryptocurrency before it even launched, valued at …
Using a malicious botnet called Pony, cyber criminals have stolen an estimated $330,000 worth of BitCoins, LiteCoins, FeatherCoins, and other digital currencies. It's considered the most ambitious cyber attack on virtual money so far.
News stories that are really big unfold over months or years, and tackling them can take almost constant media coverage. But all of that distilled information can start to feel overwhelming in itself, and that's where the infographic recap comes in really handy.
If there was any doubt that bitcoin — a distributed peer-to-peer digital currency — is seriously on the way in, this new ATM at a Vancouver cafe should put those reservations to rest.
The way we deal with money is constantly changing — as is the nature of money itself. You can absolutely expect your money to change over the coming decades. In fact, the world of finance is on the cusp of revolutionary change.
It may be the currency of the future, but it now appears that Bitcoin is not immune to the U.S. government's prying eyes and hands — especially when it's being used to fuel black market activities.
What is a bitcoin? Like exactly? It's digital currency and it's been around for a while now so what's all the fuss these days? It's because more and more places are accepting bitcoins as real currency. If you're still a little bit confused on where bitcoins come from (or how you can just invent digital currency),…
Cash is an antiquated concept. It originated thousands of years ago, as a banking receipt that bearers could exchange for stored grain or gold. Today it's little more than an abstract concept, its value tied to perception instead of goods.