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Scammers and Skeptics Are Strangling the Future of Digital Money

Bitcoin devotees and other cryptocurrency fans say that math gives their radical ideas so much potential. But starting a new value system also requires a level of faith in the people using the math. As “shitcoin” scams pile up, it’s becoming clear that new currencies need trust, too. And they don’t have it. » 4/07/15 11:00am 4/07/15 11:00am

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. » 1/05/15 10:31am 1/05/15 10:31am

The 6 Biggest Bitcoin Heists in History

Ever since a single Bitcoin became worth a small fortune, there have been people trying to steal them. Sure, there have some small-time thieves who've stolen a few hundred dollars worth of Bitcoin here and there. But there have also been heists. Massive, highly orchestrated attacks that lead to millions of dollars… » 2/27/14 1:00pm 2/27/14 1:00pm

Feds Seize Assets of World's Largest Bitcoin Exchange

The problems keep coming for Mt. Gox, the world's biggest Bitcoin exchange. Just days after Gawker revealed a key business partnership had devolved into a $75 million lawsuit, the Department of Homeland Security seized a payment processing account belonging to the company, alleging it lied on financial documents. » 5/15/13 1:44pm 5/15/13 1:44pm