zdnet.com Archives - 26 January 2015, Monday

  • Bitstamp bitcoin exchange hacked, trading suspended: About $5.1M suspected stolen by @zackwhittaker

    Bitstamp exchange hacked, $5M worth of bitcoin stolen

    zdnet.com 05 Jan '15, 8pm

    Bitstamp prices plummeted after news of the breach broke (Screenshot: ZDNet) European bitcoin exchange Bitstamp suspended trading Monday after one of its active, operational bitcoin storage wallets was "compromised" over the weekend. In a statement on its site, Bitstamp warned users n...

  • Bitcon: The naked truth about bitcoin (Podcast)

    Bitcon: The naked truth about bitcoin (Podcast)

    zdnet.com 29 Dec '14, 3pm

    Best-selling author Jeffrey Robinson and I discuss his new book: Bitcon: The naked truth about bitcoin in this podcast. I've included some highlights from my interview and from the book here as well. As you can see from the book's cover, Jeffrey Robinson and I are on the same page in ...

  • India's Flipkart raises $700M, files to convert to public company in Singapore

    zdnet.com 22 Dec '14, 3am

    The Indian e-commerce giant said in a statement that the new funding came from new investors including Baillie Gifford, Greenoaks Capital, and Qatar Investment Authority, as well as current investors that include GIC, ICONIQ Capital, and Tiger Global. It added that the latest funds wi...

  • Warning over fake Bitcoin Foundation sites scamming cryptocurrency users

    Warning over fake Bitcoin Foundation sites scamming cryptocurrency users

    zdnet.com 02 Dec '14, 1pm

    The latest ruse to scam Bitcoin owners out of their holdings is websites posing as The Bitcoin Foundation and capitalising on concerns over the cryptocurrency's falling price. The Bitcoin Foundation said on Monday that it has seen a spike in complaints to its helpdesk over a fraud cam...

  • Australia's CoinJar moves HQ to UK for 'progressive' bitcoin scene

    zdnet.com 01 Dec '14, 6am

    Australian bitcoin startup CoinJar has followed Atlassian's lead, moving its headquarters to London in an expansion bid that will see it tap into the country's financial sector. On December 1, the bitcoin startup revealed that it had relocated its headquarters to London's Docklands re...

  • Senator Tom Coburn agrees that Bitcoin is not legal currency

    zdnet.com 26 Nov '14, 2pm

    Thank you for writing to me to express your concerns about cryptocurrencies, such as bitcoin. I appreciate the opportunity to hear from you on this matter and share many of your concerns. The IRS recently announced its ruling that cryptocurrencies will be taxed at capital gains rates ...

  • Chope gobbles up F&B startup to save diners queue time

    zdnet.com 24 Nov '14, 9am

    Singapore's restaurant booking site, Chope, has acquired a local startup that will boost its own service with a queue-monitoring app. Appic Technologies' Ticktok queueing service runs on Apple iOS mobile devices and allows diners to receive notifications when their table is ready. It ...

  • Chope gobbles up F&B startup to save diners queue time

    zdnet.com 24 Nov '14, 9am

    Singapore's restaurant booking site, Chope, has acquired a local startup that will boost its own service with a queue-monitoring app. Appic Technologies' Ticktok queueing service runs on Apple iOS mobile devices and allows diners to receive notifications when their table is ready. It ...

  • Singapore ISP unveils 2Gbps fiber broadband service

    zdnet.com 12 Nov '14, 12pm

    ViewQwest has unveiled a new 2Gbps fiber broadband service for households in Singapore, offering the country's fastest internet connection in the market and what it's touting to be the world's first outside of Japan. Latest news on Asia Singapore ISP unveils 2Gbps fiber broadband serv...

  • Bitcoin for the unconnected: The Finnish protocol that lets you buy and sell currency through your TV

    zdnet.com 21 Oct '14, 9am

    Bitcoin, the cryptocurrency to beat, has found its way into well over a million digital wallets worldwide but it's yet to hit mass adoption. Finnish technology co-operative Koodilehto believes the answer to Bitcoin's search for wider accessibility and reliability could lie in TV and r...

  • Bitcoin hoard no remedy for negative cashflow

    zdnet.com 20 Oct '14, 5am

    Australian-listed bitcoin mining company Digital CC Limited, which trades as digitalBTC, has claimed cash reserves of AU$4.36 million at the end of September, but reported a negative net operating cash flow of AU$-261,000 for the quarter. The company, which listed on the Australian Se...

  • Bitcoin survival relies on community 'growing up'

    Bitcoin survival relies on community 'growing up'

    zdnet.com 14 Oct '14, 12pm

    ISLE OF MAN — The cryptocommunity needs to "grow up" if Bitcoin is going to flourish, according to a prominent member of the security community. Interest in Bitcoin exploded after the 2008 recession. In 2012, there was a sharp rise in Bitcoin-based merchant services. Since this time, ...

  • Why I almost bit on bitcoin and nearly bought into the Butterfly Labs scam

    zdnet.com 30 Sep '14, 3pm

    If I read Mr. Gewirtz correctly, Butterfly Labs wasn't engaging in a Ponzi Scheme. It was more akin to fraud and conversion. Customer buys new system from BL with money up front. BL then acquires a system, take a quick delivery, and diverts the system to generate bitcoins for themselv...

  • Australian startup CoinJar trials bitcoin Eftpos card

    zdnet.com 18 Sep '14, 2am

    Australian bitcoin exchange startup CoinJar is hoping to "bridge the gap" between cryptocurrency and traditional payments systems with the trial of a new Eftpos (electronic funds at point of sale) card that allows users to pay for items in Australian dollars using the digital currency...

  • Bitcoin phishing campaign targets media, tech, education industries

    Bitcoin phishing campaign targets media, tech, education industries

    zdnet.com 21 Aug '14, 10am

    A Bitcoin-based phishing campaign has targeted over 400 organizations with the intention of stealing cryptocurrency wallet passwords. California-based security company Proofpoint discussed the campaign on Wednesday. In a blog post , the security team said that due to its unregulated n...

  • Bitcoin is barter for individuals, taxable for business: ATO

    zdnet.com 20 Aug '14, 4am

    The Australian Taxation Office (ATO) released its guidance on the taxation treatment of Bitcoin and other crypto-currencies today, timed to coincide with the lodgement of Australians' 2013-2014 income tax returns. "The guidance paper and draft tax rulings issued today provide certaint...

  • Mt. Gox Bitcoin investors voice anger after creditors meet

    zdnet.com 24 Jul '14, 5am

    Investors from failed Japanese Bitcoin exchange, Mt. Gox, are livid following the first creditors meeting Wednesday in Tokyo, where questions remain unanswered over the loss of some US$500 million worth of Bitcoins. A group of more than 100 investors were present at the courthouse mee...

  • NSA fallout prompted change in Singapore startup's cloud strategy

    zdnet.com 27 Jun '14, 10am

    Unified Inbox was just about ready to launch its cloud-based communications tool last year, when Edward Snowden rocked the industry with his revelations about widespread cyberspying activities. User concerns about data privacy ensued , prompting the Singapore startup to rethink and re...

  • Singapore fiber operator keen to be fourth telco

    zdnet.com 26 Jun '14, 4pm

    The needs of mobile consumers in Singapore are still not fully addressed and the market needs more competition to deliver more value to customers. In fact, the introduction of a fourth operator in the country would help ensure innovation and better user experience, argued MyRepublic i...

  • False Stoned virus detections in Bitcoin files are widespread

    zdnet.com 24 Jun '14, 11am

    Researcher Didier Stevens is reporting on his blog that he has confirmed the reports of anti-virus false positive detections in Bitcoin files. Stevens submitted samples to VirusTotal and received positive detections from several , including many respectable vendors like Symantec, Soph...

  • China demands all banks cease trading in Bitcoin

    zdnet.com 28 Mar '14, 12pm

    Apparently you've figured it all out and the monetary policy specialists for governments around the world are all wrong. :S First of all, by your definition "currency" is anything you can use as payment and it includes everything from Monopoly money to gold pieces in World of Warcraft...

  • Google yanks two battery-sucking Bitcoin mining Android apps from Play store

    zdnet.com 28 Mar '14, 10am

    Researchers have found two popular apps in Google Play that surreptitiously mine several cryptocurrencies for their makers, potentially over-heating devices and shortening their lifespan. It's not so surprising to hear of new malware for Android these days, especially when it comes to...

  • CyberPowerPC joins Bitcoin craze with Mega Miner desktop series

    CyberPowerPC joins Bitcoin craze with Mega Miner desktop series

    zdnet.com 22 Mar '14, 12pm

    What's good enough for boutique PC builder iBuyPower is usually good enough for CyberPowerPC -- and vice versa. So it shouldn't come as a surprise that a few weeks after the iBuyPower CoinMine desktops , designed for Bitcoin mining, were released, CyberPower has responded with its new...

  • Australian government tracks every AUD conversion into bitcoin

    zdnet.com 24 Feb '14, 7am

    The Australian Transaction Reports and Analysis Centre (Austrac), the Australian government agency responsible for countering money laundering and the financing of terrorism, is able to track each conversion transaction from bitcoin into or out of Australian dollars. "Australia is ver...

  • Bitcoin bubble could burst as investors rush to withdraw cash

    zdnet.com 17 Feb '14, 12pm

    FinCEN and other regulatory agencies have already begun working closely with investors and financial service providers in the Bitcoin space to offer agreeable regulations that protect consumers, discourage lawbreaking, and still foster growth and innovation in a completely new financi...

  • Anonymous targets Singapore govt with second tweetstorm

    Anonymous targets Singapore govt with second tweetstorm

    zdnet.com 09 Feb '14, 5am

    Anonymous has stepped up efforts to raise awareness over ongoing criminal procedings in alleged hackers in Singapore linked to the hacktivist group. The group called for a tweetstorm using the #FreeAnonsSG hashtag for February 9, 2014 at 8am Singapore time, to protest against various ...

  • Anonymous leaks Singapore govt employees' personal data

    zdnet.com 07 Feb '14, 10am

    Hacktivist group Anonymous has threatened to make public the personal data of employees linked to the Singapore government, in response to recent arrests of individuals linked to the group which it has deemed unfair. The personal information of 10 people was part of a statement shared...

  • Anonymous leaks Singapore govt employees' personal data

    zdnet.com 07 Feb '14, 10am

    Hacktivist group Anonymous has threatened to make public the personal data of employees linked to the Singapore government, in response to recent arrests of individuals linked to the group which it has deemed unfair. The personal information of 10 people was part of a statement shared...

  • Why Singapore doesn't need Bitcoin

    zdnet.com 06 Feb '14, 3am

    "Bitcoin is cool and I think there's a certain PR value for accepting Bitcoins. The geeky folks, of which there are many in Singapore, would probably come check you out just to see what it's like to do a transaction using Bitcoins. But is it worth training the staff and implementing t...

  • Tech start-ups in Singapore - cultural challenges you'll face

    zdnet.com 05 Feb '14, 8am

    All over the world start-up technology companies are toiling away waiting to be recognized and utilized. I sat down with Abhiroop Basu, content strategist at Zopim, which has gotten over early stage hurdles to reach success, and talked about what the challenges a young technology comp...