theverge.com Archives - 22 October 2014, Wednesday

  • Alleged Bitcoin 'creator' is crowdfunding his lawsuit against Newsweek using Bitcoin

    theverge.com 14 Oct '14, 6am

    Newsweek may soon be sued for alleging Dorian Nakamoto is the creator of the cryptocurrency Bitcoin. Money is being raised through the Dorian Nakamoto Legal Defense Fund in order to file a lawsuit against Newsweek , which has not retracted its initial article about the 65-year-old man...

  • Up close with GE's insane moon landing-inspired sneakers

    Up close with GE's insane moon landing-inspired sneakers

    theverge.com 08 Oct '14, 5pm

    announced a partnership with GE to make hightop sneakers commemorating the 45th anniversary of the Moon landing. Designed by boutique sneaker house Android Homme (no relation to the operating system), the metallic silver shoes were released in hyper-limited quantity — just 100 pairs —...

  • Square's massive new funding isn't good news for the company

    theverge.com 06 Oct '14, 2pm

    The lead investor in Square's latest round is the Government of Singapore Investment Corporation (GIC) , a massive fund that puts the nation's surplus cash to work. It's not uncommon for US tech startups to get later-stage funding from Asian strategics — Pinterest, for example, was ba...

  • PayPal adds limited Bitcoin support

    theverge.com 23 Sep '14, 6pm

    PayPal has partnered with three leading bitcoin payments processors in order to enable limited support for the digital currency, the company announced today . Merchants in North America selling intangibles such as music, games, and ringtones may now accept bitcoin through PayPal Payme...

  • FTC shuts down Butterfly Labs, the second-most hated company in Bitcoinland

    theverge.com 23 Sep '14, 4pm

    There was skepticism around Butterfly Labs from the beginning. Like most bitcoin companies, the Missouri-based startup sprang up out of nowhere. In late 2011, there were rumors of a leap in the technology for mining bitcoin. This technological leap had the potential to create massive ...

  • Bitcoin Ponzi scheme operator ordered to pay over $40 million

    theverge.com 19 Sep '14, 6pm

    has been ordered to pay back over $40 million in profits and interest gained from investors' money. The operator, Trendon Shavers, ran the scheme through his company Bitcoin Savings & Trust for at least a year and a half between 2011 and 2012. In 2012, when he shut down the company, i...

  • Custom PS4 Nike Air Jordans show why your next sneakers need HDMI ports

    Custom PS4 Nike Air Jordans show why your next sneakers need HDMI ports

    theverge.com 16 Sep '14, 4am

    Sadly, the outlets are strictly decorative. "The HDMI ports have no real function, apart from looking cool," says creator Jonny Barry in an interview. "They actually come with a custom Jordan HDMI cable that when attached, can act as a type of carry cord for walking around sneaker con...

  • Charlie Shrem to plead guilty to federal charges related to Bitcoin transactions

    Charlie Shrem to plead guilty to federal charges related to Bitcoin transactions

    theverge.com 31 Aug '14, 7am

    the most prominent names in Bitcoin will plead guilty to multiple federal charges in a New York court next Thursday, September 4th. According to Reuters , Charlie Shrem, an entrepreneur who's made millions off of Bitcoin, has made a plea deal with authorities regarding charges that he...

  • Meet the man building the Fort Knox of bitcoin

    Underground vaults, offline servers, and armed guards: this is the Fort Knox of Bitcoin

    theverge.com 29 Aug '14, 3pm

    In July, a bitcoin startup named Xapo announced it was raising $20 million, bringing its total backing to $40 million. It was using this funding for an unusually intense security setup. Xapo tells users that they can feel secure because their bitcoin will be stored in offline servers,...

  • New Instagram messaging app Bolt is only available in NZ, Singapore & SA. Get in there Kiwis!

    This is Bolt, Instagram's new messaging app

    theverge.com 29 Jul '14, 8pm

    The copycat situation recalls the ill-fated Facebook Poke, a Snapchat clone which launched two years ago. But unlike with Poke, which launched as Snapchat started really gaining steam, Taptalk hasn't yet found a large audience. In New Zealand, Singapore, and South Africa, for example,...

  • Iceberg the size of Singapore breaks from Antarctica to roam the ocean

    Iceberg the size of Singapore breaks from Antarctica to roam the ocean

    theverge.com 18 Jul '14, 3pm

    Infrared and radar images showed a crack separating B-31 cracked from the rest of Antarctica in July of this year, but the ice has only recently started moving away from the coast. The new iceberg is set to remain in Pine Island Bay for now, but if the bay clears of ice by the annual ...

  • GE is reinventing NASA moon shoes to make space-inspired sneakers

    NASA's iconic moon boots are now a sick pair of sneakers you can buy

    theverge.com 16 Jul '14, 6pm

    100 pairs of the shoes will be available for sale online on Sunday at 4:18PM ET — the same time as the moon landing. GE, which was one of the many companies and agencies that provided designs for the original launch, is stressing the materials used in the sneakers to make them stand o...

  • Two men and their quest to make Bitcoin truly untraceable

    Two men and their quest to make Bitcoin truly untraceable

    theverge.com 12 Jul '14, 6pm

    For some, Bitcoin doesn't go far enough towards truly unregulated, untraceable currency. Cody Wilson, the man behind the world's first lethal 3D-printed gun , and Amir Taaki, a Bitcoin entrepreneur, are the two crytpo-anarchists leading the effort to build software that hopes to make ...

  • Judge in Silk Road criminal case says Bitcoin is as good as money

    Judge in Silk Road criminal case says Bitcoin is as good as money

    theverge.com 10 Jul '14, 1am

    The New York district judge presiding over the criminal case against Ross Ulbricht , the alleged creator of underground online drug market Silk Road, has decreed that cryptocurrency Bitcoin is functionally the same thing as real money. Ulbricht had argued that he could not be charged ...

  • Newegg now accepts bitcoin

    Newegg now accepts bitcoin

    theverge.com 01 Jul '14, 2pm

    Newegg, the online electronics retailer beloved by geeks, on Tuesday announced it would begin accepting purchases made with bitcoin. Newegg is turning to the bitcoin payment processor Bitpay to handle orders paid with the virtual currency. Claiming that Newegg's customers were among s...

  • California bill legalizes alternative currencies like Bitcoin and Dogecoin

    California bill legalizes alternative currencies like Bitcoin and Dogecoin

    theverge.com 29 Jun '14, 5pm

    The bill applies to points systems like Amazon Coins or Starbucks Stars, but also to new currencies like Bitcoin and Dogecoin. "In an era of evolving payment methods, from Amazon Coins to Starbucks Stars, it is impractical to ignore the growing use of cash alternatives," said State As...

  • Alleged Silk Road owner says he can't be guilty of money laundering if bitcoin isn't money

    Alleged Silk Road owner says he can't be guilty of money laundering if bitcoin isn't money

    theverge.com 01 Apr '14, 6pm

    Ross Ulbricht, who stands accused of running the Silk Road black market under the name "Dread Pirate Roberts," says that new federal bitcoin laws make the charges against him invalid. In a filing over the weekend, Ulbricht's lawyers defended him against charges of hacking, narcotics t...

  • 4chan user devises a way to bank through GameStop: Forget Bitcoin banking. One intrepid 4chan user has found a...

    4chan user devises a way to bank through GameStop

    theverge.com 23 Mar '14, 4pm

    "GameStops are just as prevalent as banks in my town and I work at a mall so it's even more convenient than running an errand to the bank or using an ATM and getting charged," the anonymous poster writes. And in lieu of credit card or bank membership rewards, the poster has never miss...

  • Watch this: what if Bitcoin had existed in the 1990s?

    Watch this: what if Bitcoin had existed in the 1990s?

    theverge.com 21 Mar '14, 8pm

    The proliferation of excess computing power and near-constant internet connectivity over the last decade is certainly a big part of what's made Bitcoin's success possible. But there's no great reason that today's digital currencies couldn't have been around in some form when the inter...

  • Mt. Gox crumbles: all the news on Bitcoin's biggest bankruptcy scandal

    Mt. Gox crumbles: all the news on Bitcoin's biggest bankruptcy scandal

    theverge.com 21 Mar '14, 3pm

    Mt. Gox was once Bitcoin's biggest exchange. After first slipping in the ranks to several newcomers, the exchange shut down its website and announced that hundreds of millions of dollars worth of customers' bitcoins had been lost to a series of hackings that had gone unnoticed over se...

  • Dorian Nakamoto issues a final public statement insisting he didn't invent Bitcoin

    Dorian Nakamoto issues a final public statement insisting he didn't invent Bitcoin

    theverge.com 17 Mar '14, 2pm

    Dorian Satoshi Nakamoto, the man Newsweek pinned as the creator of Bitcoin, has retained legal counsel in an attempt to clear his name. In a pointed statement issued early Monday, Nakamoto again emphatically denied any connection to the cryptocurrency. "I did not create, invent, or ot...

  • The Weekender: The Verge's best stories of the past week

    Weekender: producing posters, selling science, and turning bills into bitcoins

    theverge.com 15 Mar '14, 2pm

    Welcome to The Verge : Weekender edition. Every Saturday, we'll bring you some of the best and most important reads of the past seven days, from original reports, to in-depth features, to reviews and interviews. Think of it as a collection of some of our favorite pieces that you may h...

  • This is what robot strippers look like

    theverge.com 12 Mar '14, 2am

    The robot apocalypse may just start in a strip club. At the CeBIT expo in Hanover, German software developer Tobit put together a booth that features two pole dancing robots, egged on by a fellow robot DJ with a megaphone for a head. The two ladybots move and twist in time to the musi...

  • Hackers claim bankrupt Mt. Gox still has customers' bitcoins

    theverge.com 10 Mar '14, 4am

    says the veracity of the file has yet to be confirmed. It could simply highlight the kind of poor accounting practices that allowed hackers to steal the money in the first place, showing money in Mt. Gox's balances that has long since made its way to hacker hands; or it could be evide...

  • Vergecast 114 - The man behind Bitcoin and the return of 'Shaq Fu'

    theverge.com 07 Mar '14, 1pm

    is a discussion of all things relevant and irreverent in the worlds of art, culture, science, and technology — and anything else that pops into the twisted minds of this week's hosts. Join Joshua Topolsky, Katie Drummond, and T.C. Sottek for a discussion on the reported uncovering of

  • Japan says Bitcoin is not a currency

    theverge.com 07 Mar '14, 5am

    According to The Wall Street Journal , the Japanese government has decided that the virtual currency isn't actually money as far as the country's regulators are concerned. That could mean that those regulators are off the hook for the collapse of Japan-based Mt. Gox, which filed for b...

  • So-called founder of Bitcoin denies starting the virtual currency

    theverge.com 07 Mar '14, 1am

    A California man who Newsweek claimed was the inventor of the popular digital cryptocurrency Bitcoin is now denying the report. Dorian Nakamoto told the Associated Press that he's not "the face behind Bitcoin," despite a claim by Newsweek that he was deeply involved with its inception...

  • Newsweek claims it's found the man behind Bitcoin

    theverge.com 06 Mar '14, 1pm

    Newsweek has published a story purporting to have uncovered the real identity of Satoshi Nakamoto, the enigmatic creator of cryptocurrency Bitcoin. A trail of investigation reportedly led to "a 64-year-old Japanese-American man whose name really is Satoshi Nakamoto," and who has "a ca...

  • Native American tribes adopt Bitcoin-like currency, prepare to battle US government

    Native American tribes adopt Bitcoin-like currency, prepare to battle US government

    theverge.com 05 Mar '14, 2pm

    The programmer and Native American activist Payu Harris raised a gavel Monday night and vigorously banged the bell to open trading at The Bitcoin Center, a meeting space for virtual currency geeks that looks like an empty art gallery in the middle of New York’s Financial District. Har...

  • After $620,000 theft, another Bitcoin service shuts down

    theverge.com 04 Mar '14, 5pm

    In the wake of Mt. Gox, a six-figure bitcoin heist has resulted in another shuttered service. This time, the service is Flexcoin, a wallet and banking service that lost 896 bitcoins to attackers , and has announced it will be unable to continue functioning after the loss. The attack e...