Some biggest bitcoin hacks and thefts of all times

Posted on October 17, 2016

For your pleasure, entertainment, and hopefully some information, I present below the wall of shame, starting with a less obvious and perhaps incorrect choice for the repugnant honor of the biggest bitcoin hack and theft of all time. Jed McCaleb, founder of Ripple (publicly announced he was to sell around one billion of them crashing […]

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BitPay announces major protocol update for Bitcore and Copay

Posted on September 25, 2014

Perhaps in advance of their looming PayPal partnership, the engineers at Atlanta-based bitcoin payment processor BitPay have been hard at work updating Copay and Bitcore — their open-source, multisig wallet platform and bitcoin core implementation, respectively — to become as “featureful as possible.” The new updates, announced today, bring a range of new options and […]

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Two U.S. banks to test Ripple protocol

Posted on September 24, 2014

Ripple Labs announced today that their bitcoin-friendly alt-coin system will soon be offered to the customers of two small U.S. banks. The Ripple system is part of a new low-cost, real-time international payments service offered by CBW Bank of Topeka, Kansas, and Cross River Bank of Teaneck, New Jersey. The integration is the first time […]

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Square CEO hints bitcoin integration on the horizon

Posted on September 23, 2014

In an interview with CBC News, Square CEO Jack Dorsey dropped an interesting hint about his company’s future relationship with bitcoin. Speaking about concerns that Square might face stiff competition from the forthcoming Apple Pay mobile point-of-sale system, Dorsey said: “We’re building a register so that sellers can accept a credit card, so they can […]

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UK-based gold and bitcoin exchange Netagio passes ISAE 3000 audit

Posted on September 22, 2014

The first bitcoin-related company to submit to an audit under the standards of the International Standard on Assurance Engagements (ISAE) has passed with flying colors. Netagio, a small bitcoin and gold exchange based in the U.K., recently announced the results of an ISAE 3000 review conducted by international auditing firm BDO. Netagio claims this to […]

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BitOcean launches two-way bitcoin ATM

Posted on September 21, 2014

Beijing-based bitcoin ATM maker BitOcean announced the release of a new, two-way machine this week. According to a report on CoinDesk, the kiosk-style ATMs are designed to compete against similar Robocoin and Lamassu machines. In addition to allowing users to buy and sell bitcoin directly from the the ATM through a “bank level experience,” the […]

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Coinbase announces new API for multisig accounts

Posted on September 21, 2014

One of the biggest concerns with third-party bitcoin services like Coinbase is this: Who controls the private keys? If you host your own wallet on a mobile device or PC, or even have a printed paper wallet, ultimately you control when and how BTC moves from your private address to another. That’s not the case […]

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Coinbase releases open-source bitcoin node for developers

Posted on September 17, 2014

As the software underpinning the bitcoin network, Bitcoin Core is admittedly great at a lot of things. It allows millions of machines to make countless transactions in a never-before-seen way. As a reference client, clearly defining the protocol and acting as the highest standard for how bitcoin truly works, it has no equal. That doesn’t […]

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Circle teases new iOS and Android apps

Posted on September 16, 2014

Even though they’re still in an invite-only beta test, bitcoin-brokerage Circle clearly has plans to break into the mainstream in the near future. CoinDesk reports today that the company gave an exclusive preview of their new iOS and Android apps at the CoinScrum meetup in London yesterday, giving several hints about Circle’s near-future plans. CEO […]

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FBI claims no illegal techniques used in Silk Road case, security experts disagree

Posted on September 10, 2014

On Friday, the FBI released a 58-page filing outlining the various investigation techniques used to unearth the details that ultimately resulted in the closure of online black marketplace Silk Road and the capture of its alleged mastermind, Ross “Dread Pirate Roberts” Ulbricht. The filing, written by FBI agent Christopher Tarbell, was a response to a […]

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