pcworld.com Archives - 11 February 2016, Thursday

  • Bitcoin miner KnC is planning another four-week datacenter build-out

    miner KnC is planning another four-week datacenter build-out

    pcworld.com 11 Dec '15, 11pm

    Four weeks: That's how long Swedish bitcoin mining company KnCMiner takes to build a new datacenter, from breaking ground to beginning operations. "The longest part is signing the agreement," CEO Sam Cole said Friday, announcing plans for another 20MW datacenter in the Swedish town of...

  • SingPost delivers mail in Singapore using a drone

    pcworld.com 08 Oct '15, 7am

    Singapore Post delivered mail in the city-state on Thursday, using a drone that authenticated the recipient and delivered to a location the user chose. The test flight which took five minutes and flew 2 kilometers carried a letter as well as t-shirt in a packet. See video here . The t...

  • SingPost delivers mail in Singapore using a drone

    pcworld.com 08 Oct '15, 7am

    Singapore Post delivered mail in the city-state on Thursday, using a drone that authenticated the recipient and delivered to a location the user chose. The test flight which took five minutes and flew 2 kilometers carried a letter as well as t-shirt in a packet. See video here . The t...

  • With bitcoin use on the rise, African countries eye regulations

    pcworld.com 22 Sep '15, 8pm

    The increasing use of bitcoins in Africa has prompted a growing chorus of government officials, legal experts and e-commerce entrepreneurs to call for the virtual currency to be regulated. In Africa’s largest economy, Nigeria, outlets like leather goods site Minku are now accepting bi...

  • New York issues first bitcoin license, brings consumer protection

    pcworld.com 22 Sep '15, 5pm

    New York State's financial regulator has issued its first bitcoin license, bringing consumer protection, compliance and cybersecurity guidelines to what still is very much the Wild West of the financial industry. The BitLicense imposes some of the same conditions on companies operatin...

  • Mt. Gox chief charged with embezzling bitcoin funds

    pcworld.com 12 Sep '15, 5pm

    Japanese prosecutors have charged the former founder and CEO of bitcoin exchange Mt. Gox with embezzling the money of clients. He faces up to 10 years in prison if convicted. Mark Karpeles was arrested by police in Tokyo last month , 17 months after Mt. Gox filed for bankruptcy with l...

  • Mt. Gox chief charged with embezzling bitcoin funds

    pcworld.com 12 Sep '15, 4pm

    Japanese prosecutors have charged the former founder and CEO of bitcoin exchange Mt. Gox with embezzling the money of clients. He faces up to 10 years in prison if convicted. Mark Karpeles was arrested by police in Tokyo last month , 17 months after Mt. Gox filed for bankruptcy with l...

  • Mt. Gox chief charged with embezzling bitcoin funds

    pcworld.com 12 Sep '15, 3pm

    Japanese prosecutors have charged the former founder and CEO of bitcoin exchange Mt. Gox with embezzling the money of clients. He faces up to 10 years in prison if convicted. Mark Karpeles was arrested by police in Tokyo last month , 17 months after Mt. Gox filed for bankruptcy with l...

  • Mt. Gox chief charged with embezzling bitcoin funds

    pcworld.com 12 Sep '15, 3pm

    Japanese prosecutors have charged the former founder and CEO of bitcoin exchange Mt. Gox with embezzling the money of clients. He faces up to 10 years in prison if convicted. Mark Karpeles was arrested by police in Tokyo last month , 17 months after Mt. Gox filed for bankruptcy with l...

  • XT debate overshadowing growth opportunities

    pcworld.com 21 Aug '15, 9am

    Bitcoin is no stranger to controversy, but debate about a new version of the cryptocurrency announced recently is overshadowing its potential appeal. On Saturday, bitcoin developers Gavin Andresen, chief scientist at the Bitcoin Foundation, and Mike Hearn, a former Google software eng...

  • Alibaba to open data center in Singapore, amid $1 billion cloud push

    pcworld.com 19 Aug '15, 10am

    Alibaba Group's cloud business is targeting the Southeast Asian market with a new data center that will go online in Singapore this September. The Singapore facility is Alibaba's second data center built outside China. The company has been pushing aggressively into cloud computing, wi...

  • companies move ahead in Africa

    pcworld.com 24 Jul '15, 4pm

    Efforts to get Bitcoin off the ground in Africa received a boost this week as BitX announced it has raised $4 million in funding. Africa is a market ripe for Bitcoin: it’s underserved by financial institutions due to the high cost of having a physical presence like ATMs, bank branches...

  • glitch expected to abate as software upgrades continue

    pcworld.com 06 Jul '15, 1am

    Bitcoin experienced a glitch over the weekend that is expected to be resolved as software clients that handle transaction data are upgraded. Some software clients that “mine” bitcoins are creating invalid transaction data, which are referred to as blocks. Blocks are records of transac...

  • Plex hacker demands Bitcoin ransom for return of data

    pcworld.com 03 Jul '15, 1am

    Video streaming service Plex has reset user passwords after it was breached by a hacker who threatened to release stolen data unless he’s paid a ransom. The company found out on Wednesday that a server hosting its forum and blog had been compromised, Chris Curtis, a Plex support engin...

  • Plex hacker demands Bitcoin ransom for return of data

    pcworld.com 03 Jul '15, 12am

    Video streaming service Plex has reset user passwords after it was breached by a hacker who threatened to release stolen data unless he’s paid a ransom. The company found out on Wednesday that a server hosting its forum and blog had been compromised, Chris Curtis, a Plex support engin...

  • Plex hacker demands Bitcoin ransom for return of data

    pcworld.com 03 Jul '15, 12am

    Video streaming service Plex has reset user passwords after it was breached by a hacker who threatened to release stolen data unless he’s paid a ransom. The company found out on Wednesday that a server hosting its forum and blog had been compromised, Chris Curtis, a Plex support engin...

  • Virginia teen pleads guilty to giving Islamic State help on

    pcworld.com 12 Jun '15, 3am

    Speculation about whether the Islamic State (IS) group is using bitcoin intensified Thursday in the U.S. when government officials said a Virginia teenager admitted to providing the organization with advice on the virtual currency. Ali Shukri Amin, 17, pleaded guilty to charges of con...

  • Virginia teen pleads guilty to giving Islamic State help on

    pcworld.com 12 Jun '15, 3am

    Speculation about whether the Islamic State (IS) group is using bitcoin intensified Thursday in the U.S. when government officials said a Virginia teenager admitted to providing the organization with advice on the virtual currency. Ali Shukri Amin, 17, pleaded guilty to charges of con...

  • This well-funded startup could turn Bitcoin mining - and the chip industry - on its head

    pcworld.com 18 May '15, 10pm

    A startup company with some very big-name backers has just come out of stealth mode and revealed a business plan that could turn bitcoin mining—and even the economics of selling chips and smartphones—on its head. The first thing to know about the company, which calls itself 21, is tha...

  • This well-funded startup could turn Bitcoin mining - and the chip industry - on its head

    pcworld.com 18 May '15, 9pm

    A startup company with some very big-name backers has just come out of stealth mode and revealed a business plan that could turn bitcoin mining—and even the economics of selling chips and smartphones—on its head. The first thing to know about the company, which calls itself 21, is tha...

  • New Bitcoin Foundation chief eyes crowdfunding

    pcworld.com 14 Apr '15, 3am

    The newly appointed head of the Bitcoin Foundation, a group that promotes development of the digital currency, believes crowdfunding is one part of the solution for its troubled finances. A one-time Morgan Stanley stockbroker, investment advisor Bruce Fenton was appointed executive di...

  • New Bitcoin Foundation chief eyes crowdfunding

    pcworld.com 14 Apr '15, 3am

    The newly appointed head of the Bitcoin Foundation, a group that promotes development of the digital currency, believes crowdfunding is one part of the solution for its troubled finances. A one-time Morgan Stanley stockbroker, investment advisor Bruce Fenton was appointed executive di...

  • Foundation said to be out of cash

    pcworld.com 07 Apr '15, 6am

    The Bitcoin Foundation, an organization that promotes development of bitcoin, is “effectively bankrupt” and has shed most of its staff, a member of the foundation’s board of directors has said. Two other board members, however, said the foundation was not bankrupt, though in need of s...

  • in China still chugging along, a year after clampdown

    pcworld.com 30 Mar '15, 12pm

    A year after China began tightening regulations around Bitcoin, the virtual currency is still thriving in the country, albeit on the fringes, according to its largest exchange. Bitcoin prices may have declined, but Chinese buyers are still trading the currency in high volumes with the...

  • Coinbase set to launch licensed Bitcoin exchange in the US

    pcworld.com 26 Jan '15, 7am

    Bitcoin wallet provider Coinbase will launch the first U.S. licensed exchange for the digital currency on Monday, according to a Wall Street Journal report . While pointing to a “Lunar” teaser website with a clock counting down to 9 a.m. Eastern Time Monday , Coinbase’s Twitter accoun...

  • Despite Mt. Gox fiasco, Karpeles still has Bitcoin plans

    pcworld.com 11 Nov '14, 2pm

    Mark Karpeles’ t-shirt couldn’t be more ironic. “I don’t always test my code,” it reads, “but when I do, I do it in production.” The former head of Mt. Gox, once the world’s biggest Bitcoin exchange, saw his company collapse because its code was exploited by hackers. A source close to...

  • Despite Mt. Gox fiasco, Karpeles still has Bitcoin plans

    pcworld.com 11 Nov '14, 2pm

    Mark Karpeles’ t-shirt couldn’t be more ironic. “I don’t always test my code,” it reads, “but when I do, I do it in production.” The former head of Mt. Gox, once the world’s biggest Bitcoin exchange, saw his company collapse because its code was exploited by hackers. A source close to...

  • Meet LibraTax, the first tax preparation tool to support

    pcworld.com 19 Aug '14, 9pm

    Bitcoin and other cryptocurrency traders now have a new tool, LibraTax, to calculate their tax obligations—provided they want to report them to the government, of course. LibraTax isn’t a full-fledged tax preparation suite in the vein of TurboTax or TaxAct. Instead, it’s a cloud-based...

  • Beware of Bitcoin, US consumer agency warns

    pcworld.com 11 Aug '14, 10pm

    Bitcoin and other virtual currencies can expose users to a number of risks, including hackers and scammers trying to take advantage of hype surrounding the technology, a U.S. consumer protection agency warned Monday. Bitcoin and other popular virtual currencies such as XPR and Dogecoi...

  • Mt. Gox trustee leaves door open to revival of Bitcoin exchange

    pcworld.com 23 Jul '14, 12pm

    The trustee overseeing the carcass of Mt. Gox, once the world’s largest trading platform for Bitcoin, told investors Wednesday that the company could be revived. Speaking to a meeting of people whose bitcoins evaporated in the fall of Mt. Gox, Nobuaki Kobayashi said he is searching fo...