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

Why the Future of Bitcoin Depends on the Silk Road Trial

Over the weekend, Ross Ulbricht's lawyer, Joshua Dratel, filed a motion asking the court to dismiss all charges against the Silk Road kingpin. It's largely what you'd expect from a bullish defense attorney. But here's the twist: Dratel throws bitcoin under the bus. » 4/01/14 6:14pm 4/01/14 6:14pm

$1 Million Heist Reminds Us That Bitcoin Is Neither Safe nor Secure

Let's play a little game called Good Idea/Bad Idea. Round One: Saving money. That's a good idea! Round two: Saving thousands of dollars in a Bitcoin wallet that's highly susceptible to hackers and heists. As the customers of Bitcoin payment processor BIPS will tell you, that's a bad idea. » 11/25/13 1:40pm 11/25/13 1:40pm

Would You Use a Bitcoin ATM?

A Vancouver group is planning to put what's thought to be the world's first Bitcoin ATM into service next week. Putting aside the weird irony of a physical ATM accessing a strictly virtual currency, this got me wondering: would you use a Bitcoin ATM? » 10/26/13 11:44am 10/26/13 11:44am

Amazon Celebrates Its Virtual Currency With Free Money for Fire Owners

It's a good morning for Kindle Fire owners. To accompany the launch of their new virtual currency, Amazon has dropped 500 Amazon Coins (at a value of $5) into the accounts of Fire owners everywhere. » 5/13/13 9:45am 5/13/13 9:45am

Is Digital Money the New Way to Buy Drugs?

I'm not gonna name names, but someone just mentioned paying for weed with a Square account. It'd be equally easy to use Paypal, Venmo, Bitcoin (RIP) or any of the myriad mobile payment systems that allow you to send money from your phone. » 9/29/11 5:23pm 9/29/11 5:23pm

What Is Bitcoin?

Maybe you've heard of Bitcoin—it wants to shake the entire global economy, and has become the financial bubble du jour with a skyrocketing value. It's online money—an alternative to dollars and euros. Well what's that mean? It's complicated, but we break it down. » 5/19/11 2:00pm 5/19/11 2:00pm