The Metropolitan Police has arrested five men in relation to an investigation into an organised crime group, who broke into an American Express account and made off with £500,000. Organised cyber crooks were believed to have spent the money on Rolex watches, wine, diamonds, designer l...
This week, BitCoin (BTC), the virtual cryptocurrency that is not supported by any national bank or government, reached an all-time trading record, selling at $33.22 for a single BTC. Kim Dotcom’s cloud hosting website Mega has recently started accepting BitCoins as a form of payment, ...
A significant flaw on the Ruby on Rails web development framework might have put thousands of websites at risk of being hacked, researchers warned today. The vulnerability, which has been patched, lies in the XML parsing functionality in Ruby on Rails and could be exploited just by ma...
Virtual currency exchange service BitInstant is said to be in the final stages of creating a credit card that will work worldwide with the MasterCard standard, but also allow transactions in BitCoins. The launch of the card could add a sense of legitimacy and improve the reputation of...
Payment processing company MasterCard has denied that it is working with BitInstant to create an officially certified BitCoin debit card. This follows a report that claimed the virtual currency exchange could release a BitCoin debit card as early as October. UPDATE: We have been conta...
Four former customers have sued the virtual currency exchange Bitcoinica, claiming that it owes them $460,457 (£293,080) in funds they previously deposited. Bitcoinica was hacked twice in 2012, with attackers stealing over $177,000 worth of BitCoins. The website ceased operation in Ma...
