Monthly Archives: August 2014

Major online erotica site SuicideGirls.com adds bitcoin payment option

Posted on 8th August, 2014

Ask anyone who was around for the early days of the internet, and they’ll begrudgingly admit that the adult industry was one of the most innovative proving grounds for the once-unproven online technology now taken for granted on almost every commercial website. In other words, the internet’s payment and security infrastructure was at least partially […]

ISP-rerouting hackers steal $83,000 in various cryptocurrencies

Posted on 8th August, 2014

A report published by Dell’s SecureWorks says that hackers were able to steal roughly $83,000 in bitcoin and other cryptocurrencies by exploiting a weakness in how web traffic is routed. The report claims that 19 internet service providers, including big players like Amazon and DigitalOcean, were impacted. The exploit allowed hackers to briefly gain control […]

Vogogo raises $8.5 million for bitcoin-payment development

Posted on 7th August, 2014

It’s a sign of the times when even established companies are repositioning themselves to take advantage of the bitcoin zeitgeist. Calgary-based payment processor Vogogo is hardly a startup, with the original company founded well over a decade ago and existing in its current form since 2008. The company claims to have processed over $1 billion […]

Wikimedia Foundation raises $140,000 in bitcoin donations in first week

Posted on 7th August, 2014

The Wikimedia Foundation was relatively slow to adopt bitcoin, taking months to approve the no-risk donation method after founder Jimmy Wales give the digital currency the thumbs up back in March. Some within the foundation had expressed concern that bitcoin’s user base was simply “too small” to justify the time and expense of integrating bitcoin […]

BitPay partners with industry giant Global Payments

Posted on 7th August, 2014

Atlanta-based bitcoin payment processor BitPay announced a new partnership yesterday with a true titan of the payment industry, Global Payments. With over $2.4 billion in revenue last year Global Payments has a significant presence in almost every industry where money changes hands, particularly in credit card, debit card and EBT card markets. The company has […]

Digital signature startup BlockSign banking on the bitcoin blockchain

Posted on 6th August, 2014

Almost from the very start, the Bitcoin project’s core developers have insisted that the key innovation isn’t its application as a form of money. Sure, bitcoin the currency is a near-frictionless, user-empowering, completely disruptive force that is already changing how we think about, use and regulate money, but that’s just one use of the real […]

U.K. Chancellor says government to weigh bitcoin innovation against regulatory needs

Posted on 6th August, 2014

As Britain’s Chancellor of the Exchequer, George Osborne has the tricky job of handling the U.K.’s financial policy in a time of both incredible economic pressures and uncanny technological innovations. When the Chancellor speaks about an economic matter, it’s destined to become major news across the country, and perhaps even the world. Today, Osborne is […]

Report: Kyrgyzstan outlaws bitcoin … mostly

Posted on 6th August, 2014

In the tiny, landlocked nation of Kyrgyzstan, bitcoin has recently become illegal. While most people in the bitcoin community could be forgiven for not even knowing there is a country called Kyrgyzstan (population 5.8 million), the ruling by the National Bank of the Kyrgyz Republic is nonetheless important. Not because of the ruling itself, but […]

Thomson Reuters Eikon adds BTC/USD prices

Posted on 6th August, 2014

Bitcoin trading gained another foothold in the mainstream investment world yesterday, as Bloomberg Professional competitor Thomson Reuters Eikon added BTC/USD prices to its trading suite. The system is used by over 320,000 subscribers, including many professional and Wall Street traders. Eikon’s bitcoin dashboard includes current rates and trade volume data from BitStamp, as well as […]