10 Sep '12, 1am

Bitcoin exchange floored in virtual bank robbery - $250,000 stolen in security lapse

is a an open-source, peer-to-peer digital cash system launched in 2009. The Bitcoin "currency" has no physical manifestation - there are no banknotes, metal coins, or promissory notes signed with a flourish. You "mine" Bitcoins synthetically by solving a cryptographic problem. You then imbue these these cryptographic tokens with value and exchange them, and their assumed value, using a mostly-anonymous cryptographic protocol . By design, the cryptographic problem you need to solve to mint a Bitcoin gets exponentially harder over time, because computers get faster. This also has the effect of limiting the total number of Bitcoins that can ever be created. By the early 2030s, we'll be close to the asymptotic maximum of about 21 million Bitcoins. Forget regulations, forget Central Banks, and forget Her Majesty's Treasuries. Given enough computing power and electricity, you ca...

Full article: http://prwire.com.au/r/31586

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Bitcoin exchange floored in virtual bank robber...

nakedsecurity.sophos.com 06 Sep '12, 2am

Bitcoin is a an open-source, peer-to-peer digital cash system launched in 2009. The Bitcoin "currency" has no physical man...

Bitcoin

Bitcoin

digitaltrends.com 08 Sep '12, 10pm

Hackers took off with $250,000 worth of Bitcoins from the Bitfloor currency exchange, leaving the site's reserves tapped a...

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security.cytalk.com 10 Sep '12, 3pm

One of the biggest Bitcoin currency exchanges has been taken offline after 24,000 units ($250,000; £157,800) of the virtua...

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infoworld.com 06 Sep '12, 9pm

Bitcoin exchange Bitfloor reportedly suffered a virtual heist of 24,000 BTCs, worth a cool quarter-million U.S. dollars. T...

One poor security choice results in $250,000 Bi...

infoworld.com 06 Sep '12, 8pm

Bitcoin exchange Bitfloor reportedly suffered a virtual heist of 24,000 BTCs, worth a cool quarter-million U.S. dollars. T...

Future of top US Bitcoin exchange in doubt after hackers grab $250,000

Future of top US Bitcoin exchange in doubt afte...

thenextweb.com 05 Sep '12, 5am

BitFloor , a major Bitcoin exchange and the biggest in the US, today suffered a devastating loss after their servers were ...

Bitcoin exchange market hacked for US$250,000 loss: Bitfloor, the largest Bitcoin exchange market in the US, is

Bitcoin exchange market hacked for US$250,000 l...

news.yahoo.com 05 Sep '12, 8pm

Bitfloor founder ceases operation until server hack can be resolved Bitfloor, the largest Bitcoin exchange market in the U...

Bitcoin exchange BitFloor suspends operations after $250,000 theft

Bitcoin exchange BitFloor suspends operations a...

theverge.com 05 Sep '12, 11am

Popular Bitcoin exchange BitFloor — described by its owner as "the #4 USD exchange and #1 in the US" — has been forced to ...

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Future of top U.S. Bitcoin exchange in doubt as $250K in virtual currency stolen

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venturebeat.com 05 Sep '12, 6am

The future of the top U.S. Bitcoin echange is in doubt after $250,000 in virtual currency was stolen last night. As CNet r...

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pcworld.com 05 Sep '12, 8am

Hackers stole about US$250,000 from BitFloor, a BitCoin exchange, on Monday, and it does not have the money to reimburse a...

One poor security choice results in an easy heist

akamai.infoworld.com 07 Sep '12, 7am

Bitcoin exchange Bitfloor reportedly suffered a virtual heist of 24,000 BTCs, worth a cool quarter-million U.S. dollars. T...