New Bitcoin Extortion-By-Mail Scheme Emerging
A series of anonymous extortion letters demanding payment in bitcoin has begun to emerge on social media as wary recipients ask their online communities for advice. This one appeared on…
MtGox Operator Looks To Sell Bitcoin Trademarks
The holding company of collapsed virtual currency exchange MtGox is looking to sell the trademark to the word Bitcoin, The Wall Street Journal said Wednesday. The company hopes to raise…
Bitcoin Exchange MtGox Placed In Administration: CEO
Failed Bitcoin exchange MtGox was Wednesday placed in administration by a Japanese court, with an order for bankruptcy expected to be issued soon, its administrator and chief executive said. "The…
Bitcoin Firms Dumped By National Australia Bank As ‘Too Risky’
National Australia Bank is severing ties to digital currencies, saying they’re too risky. NAB has sent letters to business customers who primarily trade in bitcoin and similar crypto currencies, informing…
Ross Ulbricht’s New Silk Road Defense: ‘Bitcoins Are Not Money’
Lawyers for the man alleged to have run an online black market called “Silk Road” are vigorously defending their client today with an innovative new tactic. Because the IRS recently…
IRS To Treat Bitcoins As Property Rather Than Currency
As we have been saying for months now, the biggest challenge faced by bitcoin proponents is their own unwillingness to accept minimal regulations that would shore up the flagging value…
Warren Buffett Says Bitcoin “Is Not A Currency”
We are still bearish on bitcoins. Mt. Gox, the premiere bitcoin exchange that recently suspended all activity after the theft of some 750,000 coins from its users’ wallets, declared bankruptcy…
Bitcoin Malware Infects Hundreds Of Thousands Of Computers
We have become bitcoin skeptics at BU, and now we have further validation with the news that an internet security firm has discovered the biggest criminal hack yet on the…
Billionaires For Bitcoin
The Bitcoin motto translates to “liberty, equality, truth,” but it turns out that none of those ideals are absolutely true of Bitcoins. Is the bot-money boom just like any other…
Steve Stockman Names Dan Backer As His Campaign Treasurer
Public Integrity reports that Steve Stockman registered a new campaign committee on December 30, naming Dan Backer as its treasurer. This is the closest link yet between Stockman and the…