I think my brain is going to explode. Kyoto University Ted Nelson, the American academic who in 1963 coined the term hypertext, and is therefore viewed as one of the World Wide Web’s founding fathers, just released a 12-minute video with a big reveal at the end: The inventor of bitcoi...
On Tuesday (May 14), the US government seized accounts that Japan-based Mt. Gox, the world’s largest bitcoin exchange, held at its US bank, Wells Fargo, and with Dwolla, an online payments company. The government said Mt Gox violated money laundering rules. (Mt Gox says it is investig...
Add up the combined computing power of the 500 fastest supercomputers in the world—that’s billions upon billions of dollars worth of hardware—and stack it up against to the raw processing power of every computer currently producing the alternative currency bitcoin, and what do you get...
$1 billion in bitcoin was traded in April—16 times the previous record By Christopher Mims — May 3, 2013 Volume of bitcoins exchanged, all markets. blockchain.info In April, $1 billion worth of bitcoins was traded across all exchanges, according to an aside in the complaint bitcoin st...
A funny thing just happened: virtual currency bitcoin has now passed the first round of approval required to become a standard for the web, alongside other familiar “schemes” which allow elements on a webpage to, for example, open your email application when you click on an email addr...
Coinlab, one of the best-funded bitcoin startups in the US, is suing Mt.Gox, the world’s largest exchange for bitcoin, for $75 million . According to estimates, that’s several times more than Mt. Gox’s entire annual revenue, which The Verge pegs at about $22 million a year . (My own c...
What’s often missed about alternative currencies like bitcoin is that they weren’t just made for buying and selling things. Nor are they simply tools for financial speculation. Bitcoin is also a payment system, allowing anyone to transfer money anonymously, immediately, irreversibly—a...
To produce bitcoins, processors must hum away solving mathematical problems . But mavros, another virtual currency, are simpler. They exist because Sergey Mavrodi, their creator, says they do. And while the recent spike in bitcoin value is the result of speculation on the open market,...
