24 Aug '12, 6pm

New on Unpacked! Passing the BitCoin

New on Unpacked! Passing the BitCoin

BitCoin is a new-ish form of digital currency. It allows people to perform financial transactions without the need for a bank or central authority and allows for a large amount of privacy. Transactions are currently limited to ones performed online and only by individuals and organizations that accept BitCoin as payment. However, in the next few months BitCoin will be available on more than just shops on the web with the release of the BitInstant BitCoin debit card, a new way to spend virtual money in the real world. However, is this new creation a step in the right direction or just another avenue for cyber-criminals to steal your money? What exactly is going on? A company called BitInstant, which specializes in converting real cash into BitCoins (and vice versa) by either transferring them from a BitCoin virtual wallet or a non-digital financial institution, is on their ...

Full article: http://blog.malwarebytes.org/intelligence/2012/08/passing...

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