pcworld.com Archives - 19 April 2014, Saturday

  • akin to the Internet 20 years ago, digital currency executive says

    pcworld.com 07 Apr '14, 7pm

    Bitcoin today is like the Internet of 20 years ago, showing immense promise but in need of much more development, a digital currency executive said Monday, kicking off the Inside Bitcoins conference. As the first digital system offering the possibility to store and transfer currency v...

  • akin to the Internet 20 years ago, digital currency executive says

    pcworld.com 07 Apr '14, 6pm

    Bitcoin today is like the Internet of 20 years ago, showing immense promise but in need of much more development, a digital currency executive said Monday, kicking off the Inside Bitcoins conference. As the first digital system offering the possibility to store and transfer currency v...

  • Small bitcoin exchange, Vircurex, teeters after large withdrawals

    pcworld.com 24 Mar '14, 3am

    A small bitcoin exchange in Beijing is in trouble again after trying to earn back funds lost in two hacking incidents last year. The exchange, called Vircurex, said in a statement it would freeze on Monday cryptocurrency accounts held by its customers after large withdrawals apparentl...

  • Small bitcoin exchange, Vircurex, teeters after large withdrawals

    pcworld.com 24 Mar '14, 3am

    A small bitcoin exchange in Beijing is in trouble again after trying to earn back funds lost in two hacking incidents last year. The exchange, called Vircurex, said in a statement it would freeze on Monday cryptocurrency accounts held by its customers after large withdrawals apparentl...

  • Bitcoin's software gets security fixes, new features

    software gets security fixes, new features

    pcworld.com 20 Mar '14, 2am

    The software driving Bitcoin’s network was upgraded Wednesday, with security fixes addressing a problem that defunct bitcoin exchange Mt. Gox blamed for losing nearly half a billion dollars worth of bitcoins. The open-source software, known as Bitcoin-QT, has also been rebranded as “B...

  • Singapore clamps down on Bitcoin exchanges with new regulations

    pcworld.com 14 Mar '14, 5am

    Singapore plans to regulate local Bitcoin exchanges to stop the virtual currency from being used in money laundering and terrorist financing schemes, authorities said. The Monetary Authority of Singapore (MAS) is bringing greater scrutiny to Bitcoin because of its “anonymous nature” i...

  • Singapore clamps down on Bitcoin exchanges with new regulations

    pcworld.com 14 Mar '14, 5am

    Singapore plans to regulate local Bitcoin exchanges to stop the virtual currency from being used in money laundering and terrorist financing schemes, authorities said. The Monetary Authority of Singapore (MAS) is bringing greater scrutiny to Bitcoin because of its “anonymous nature” i...

  • Nakamoto recap: 48 hours in the bizarro saga of the Bitcoin creator's (possible) outing

    pcworld.com 08 Mar '14, 10pm

    in which it claims to expose the person who first created Bitcoin. Bitcoin watchers always presumed that “Satoshi Nakamoto” was only a pseudonym that the Bitcoin creator—or creators—used, but Newsweek tracked it back to Dorian Satoshi Nakamoto, a 64-year-old man living in Southern Cal...

  • Nakamoto recap: 48 hours in the bizarro saga of the Bitcoin creator's (possible) outing

    pcworld.com 08 Mar '14, 10pm

    in which it claims to expose the person who first created Bitcoin. Bitcoin watchers always presumed that “Satoshi Nakamoto” was only a pseudonym that the Bitcoin creator—or creators—used, but Newsweek tracked it back to Dorian Satoshi Nakamoto, a 64-year-old man living in Southern Cal...

  • Mt. Gox quits Bitcoin Foundation board

    pcworld.com 24 Feb '14, 7am

    Major Bitcoin exchange Mt. Gox has quit the Bitcoin Foundation’s board of directors, the foundation said. The move is effective immediately, the trade organization said in a brief statement issued Sunday. “We are grateful for their early and valuable contributions as a founding member...

  • Mt. Gox bitcoin price falls below $100 as withdrawal suspension continues

    pcworld.com 21 Feb '14, 5am

    Bitcoin fell below $100 on major exchange Mt. Gox early Friday, dropping under a key psychological threshold. Traders pushed the digital currency as low as $91.50, far below its price at around $537 on two other exchanges tracked by CoinDesk.com. The price on Mt. Gox later recovered t...

  • Mt. Gox bitcoin price falls below $100 as withdrawal suspension continues

    pcworld.com 21 Feb '14, 5am

    Bitcoin fell below $100 on major exchange Mt. Gox early Friday, dropping under a key psychological threshold. Traders pushed the digital currency as low as $91.50, far below its price at around $537 on two other exchanges tracked by CoinDesk.com. The price on Mt. Gox later recovered t...

  • Attack on U.S. #Veterans website may have been aimed at #military members via @pcworld

    Attack on U.S. veterans website may have been aimed at military members

    pcworld.com 16 Feb '14, 2pm

    A cyberattack against the Veteran of Foreign Wars website, believed to have been initiated in China, may have sought to spy on U.S. military members, security company FireEye said Thursday. FireEye said the attack, which has now been fixed on VFW.org, exploited a zero-day flaw in the ...

  • Apple removes Blockchain, last Bitcoin wallet app, from mobile store

    pcworld.com 06 Feb '14, 6am

    Apple on Wednesday removed Blockchain, the last remaining application in its mobile store for transmitting bitcoins, signaling the continuing uncertainty around the virtual currency. U.K.-based Blockchain wrote Thursday on its website that Apple told it the application, which is a “wa...

  • accepted as valid currency by Australian lawyers

    pcworld.com 02 Feb '14, 5pm

    The legal fraternity has made it first foray into the use of Bitcoin as payments for services rendered. LegalVision, an Australian legal service provider, is the first to allow its customers to pay for legal services with Bitcoin. Bitcoin is a decentralized digital currency and allows...

  • Tiger Direct

    Tiger Direct jumps on the Bitcoin bandwagon

    pcworld.com 24 Jan '14, 3pm

    Start your drooling, crypto-currency aficionados: A second major online retailer now accepts Bitcoin as an alternative to good old fashioned greenbacks. TigerDirect announced Thursday that it would accept the digital currency via Bitcoin payment processor BitPay on more than 200,000 p...

  • Are bitcoin's chances of acceptance getting better?

    pcworld.com 18 Jan '14, 7pm

    Many countries are still grappling with the issues of crypto-currencies such as Bitcoin, of which there are at least 70 . China’s central bank, for example, has ordered financial institutions to halt Bitcoin-related services and products. With the value of Bitcoin increasing to more t...

  • Are bitcoin's chances of acceptance getting better?

    pcworld.com 18 Jan '14, 7pm

    Many countries are still grappling with the issues of crypto-currencies such as Bitcoin, of which there are at least 70 . China’s central bank, for example, has ordered financial institutions to halt Bitcoin-related services and products. With the value of Bitcoin increasing to more t...

  • New SDK from Coinbase and BitMonet enables Bitcoin-friendly Android apps

    pcworld.com 14 Jan '14, 2am

    More Android apps may soon have built-in support for Bitcoin payments thanks to a new partnership between Coinbase and BitMonet. The companies have released a software development kit (SDK) that aims to make it easy for Android developers to build apps that process Bitcoin payments. I...

  • Meet Coinye West, the Kanye-inspired Bitcoin alternative for normal folk

    Meet Coinye West, the Kanye-inspired Bitcoin alternative for normal folk

    pcworld.com 03 Jan '14, 1am

    When Kanye West wrote the lyric, “I’m chilling, trying to stack these millions,” he probably did not mean digital currency. But a new technology might give him pause, or at least have him scratching his head. In a sign that the frenzy over Bitcoin may have reached a new level of ridic...

  • Could Bitcoin's frothy venture funding dry up?

    pcworld.com 21 Dec '13, 2am

    Bitcoin: What is it, really? A digital currency? An investment? An Xbox game ? For many people it’s not clear, but that hasn’t stopped venture capitalists from going gaga over it. Since earlier this year, startups dealing in the technology known as Bitcoin have grabbed millions of dol...

  • market price app, 'Bitcoin Alarm,' is carefully cloaked malware

    pcworld.com 13 Dec '13, 1am

    If you get a spam message advertising an application called “Bitcoin Alarm,” the name may tell you all you need to know. The desktop Windows application sends price alerts by SMS to a mobile phone. But closer examination of its code turned up several suspicious traits that indicate it...

  • Malware ransom drops to keep pace with Bitcoin price surge

    pcworld.com 30 Nov '13, 3pm

    The criminals behind the rapacious and terrifying Cryptolocker Trojan have lowered their ransom demands to take account of the soaring value of their preferred currency, Bitcoins, according to security firm F-Secure . The sum demanded for a decryption key in a newly detected variant o...

  • Malware ransom drops to keep pace with Bitcoin price surge

    pcworld.com 30 Nov '13, 2pm

    The criminals behind the rapacious and terrifying Cryptolocker Trojan have lowered their ransom demands to take account of the soaring value of their preferred currency, Bitcoins, according to security firm F-Secure . The sum demanded for a decryption key in a newly detected variant o...

  • How a teen made and lost a fortune with #Bitcoin: The Great Bitcoin Bank Robbery.

    The Great Bitcoin Bank Robbery

    pcworld.com 09 Nov '13, 5pm

    A young, anonymous Bitcoin banker in Australia reported the theft of over a million American dollars in the virtual currency. He is not taking the problem to the police. A peer-to-peer currency not backed by any government, Bitcoins are in many ways more similar to cash than to the mo...

  • viability is threatened criminal use, McAfee warns

    pcworld.com 19 Oct '13, 4pm

    The idealism and convenience behind virtual currencies such as Bitcoin is at risk of being undermined as abuse by professional criminals grows to unacceptable levels, a report by security firm McAfee argues. The catalog of practical and conceptual problems listen in the firm's Digital...

  • Bitcoin forum goes offline after hack

    Popular Bitcoin forum goes dark after hack attack

    pcworld.com 03 Oct '13, 6am

    A popular Bitcoin forum, Bitcointalk.org, remained offline Wednesday night as it investigated a cyberattack. Bitcointalk.org uses forum software made by Simple Machines, a nonprofit organization. According to a video of the hack posted by a Reddit user, the attackers call themselves "...

  • Is eBay warming up to

    pcworld.com 06 Sep '13, 4am

    Auction giant eBay wants to know how you feel about Bitcoin. An undated post on eBay's Deals blog titled "What's the Deal with Bitcoins Anyway" featured a two-minute video encapsulating many of the pros and cons of the virtual currency. A post on eBay’s Deals blog asks users how they ...

  • Is eBay warming up to

    pcworld.com 06 Sep '13, 4am

    Auction giant eBay wants to know how you feel about Bitcoin. An undated post on eBay's Deals blog titled "What's the Deal with Bitcoins Anyway" featured a two-minute video encapsulating many of the pros and cons of the virtual currency. A post on eBay’s Deals blog asks users how they ...

  • Is eBay warming up to

    pcworld.com 06 Sep '13, 4am

    Auction giant eBay wants to know how you feel about Bitcoin. An undated post on eBay's Deals blog titled "What's the Deal with Bitcoins Anyway" featured a two-minute video encapsulating many of the pros and cons of the virtual currency. A post on eBay’s Deals blog asks users how they ...