1. Bitcoin

Category Archives: Bitcoin

Invest bitcoins and get double of your investment after 100 hours – Video

Posted on by


Invest bitcoins and get double of your investment after 100 hours
Join the site here link:http://cryptodouble.com/?ref=Bkl4o This is a cryptocurrency investment site. The name of this site is cryptodouble. You can invest bitcoin. You can invest dogecoin....

By: Gul Muhammad

Here is the original post:

Invest bitcoins and get double of your investment after 100 hours - Video

Bitstamp Bitcoin Exchange Hacked, Trading Suspended: About $5.1M Suspected Stolen – Video

Posted on by


Bitstamp Bitcoin Exchange Hacked, Trading Suspended: About $5.1M Suspected Stolen
European bitcoin exchange Bitstamp suspended trading Monday after the site #39;s operators began to suspect that one of its active, operational bitcoin storage wallets was "compromised" over the...

By: WochitGeneralNews

Go here to read the rest:

Bitstamp Bitcoin Exchange Hacked, Trading Suspended: About $5.1M Suspected Stolen - Video

Bitcoin had a terrible 2014. And 2015 isnt looking too hot either.

Posted on by

Last year was not kind to Bitcoin. And 2015already looks as if it could be just as toughfor the digital currency:Bitcoin exchange Bitstamp went offline this week as it investigated a security breach;bitcoin pricesfell from about$320 at the beginning of the year to roughly $270 this week, according to industry site CoinDesk.

BitStamp, which isbased in Slovenia and Britain,iscurrently the third largest exchange by volume, according to Bitcoin Charts.

While details are scarce, a statement posted to the company's Web site says the companyhas "reason to believe" that one of its "operational wallets" -- a place connected to the Internet where some Bitcoins being processed by the services were stored -- was compromised on Jan. 4. The message also said that Bitstamp maintained "more than enough" offline reserves to cover the funds in the operation wallet.

But the incident harkens back to the collapse of Tokyo-based Mt. Gox, the once popular exchange that imploded spectacularly last spring. The company announced it was filing for bankruptcy in February, saying it had lostthe equivalent of nearly half a billion of bitcoins at the then-exchange rates. Just last week, Japanese authorities told a local newspaper that only a tiny fraction of the missing bitcoins could be attributed to hacking attacks from outside the company according to CoinDesk.

The Mt. Gox catastrophe was just one of many high profile incidents involving Bitcoin that helped drag down the price of the digital currency in 2014.Last January, Bitcoin prices pushed above $900 a pop -- but by the end of the year they hovered at a little more than a third of that price.

Bitcoinhas continued to struggle with its association with illicit online black markets and regulators efforts to regulate it.The Bitcoin Foundation, a non-profit formed to promote the cryptocurrencywhich counted Mt. Gox chief executive Mark Karpeles as a founding member, lost another founder to Bitcoin's black market ties: Former vice-chairman Charlie Shrem resigned after being arrested for supporting an illicit Bitcoin exchange for notorious digital black market Silk Road. (Shrem later pleaded guiltyto acount of aiding and abetting the operation of an unlicensed money transmitting business.)

What government regulationsapply to Bitcoin also remain murky -- although financial regulators in New York state are working on hammering out some requirements forBitcoin and other virtual currencies.The proposed ruleswould apply only to companies actually engaging in transmitting fundsfrom one place to another, and wouldn't apply to retailers simply accepting Bitcoin or private individuals who invest in the digital currency.

All in all, as Quartz noted in December, the fallout from these sort of high profile headaches helped make Bitcoin among the worst possible investments in 2014. However, there were other bright points for those in the industry: Outside investments in Bitcoin-related technology and services and merchant acceptance of the payment methodall rose during the year.

But for Bitcoin to really take off, it needs to become more popular with users, not just investors. While Bitcoin-backers continue to try to get the public engaged with the digital currency by sponsoring things like college football bowl games, the number oftransactions per day -- currently about 80,000, according to Blockchain.info ---suggests it hasn't quite caught on yet.

Andrea Peterson covers technology policy for The Washington Post, with an emphasis on cybersecurity, consumer privacy, transparency, surveillance and open government.

See the original post:

Bitcoin had a terrible 2014. And 2015 isnt looking too hot either.

Hackers steal $5 million in bitcoin attack

Posted on by

LONDON (CNNMoney)

Cyber thieves have run off with about 19,000 bitcoin ($5.2 million) from Bitstamp accounts. The company said it has suspended services after some digital wallets were compromised on Jan 4.

Bitstamp told customers not to make any deposits as it works with authorities to find the culprits.

The firm said the breach accounts for only a fraction of its total reserves, with most held in secure offline storage systems. All balances held prior to the suspension would be repaid in full, it said.

It's not the first time Bitstamp has been the victim of cyber crime. Last February, the Slovenia-based company halted withdrawals after hackers overwhelmed its servers in a denial-of-service attack.

Related: Sony breaks silence after "malacious" hack

Bitcoin has lost some of its shine over the past year. The virtual currency is trading at about $275. That's well off peaks reached in late 2013 -- when prices topped $1,000. Its value has tumbled and exchanges have been beset with glitches and hacks.

Mt. Gox, once the world's largest bitcoin trading platform, was struck by what was essentially a massive bank robbery in 2014. When the exchange discovered it was under attack, it stopped investors from pulling their money out. Nearly $400 million was lost forever.

Bitcoin was created in 2009 and allows users to buy merchandise anonymously. Last month Microsoft (MSFT, Tech30) joined a growing number of companies that accept bitcoins as payment, including PayPal and a scattering of restaurants and car services.

But the digital currency remains controversial since it is not government-issued and isn't practical for day-to-day use.

Excerpt from:

Hackers steal $5 million in bitcoin attack

Hackers steal $5M from bitcoin exchange

Posted on by

LONDON (CNNMoney)

Cyber thieves have run off with about 19,000 bitcoin ($5.2 million) from Bitstamp accounts. The company said it has suspended services after some digital wallets were compromised on Jan 4.

Bitstamp told customers not to make any deposits as it works with authorities to find the culprits.

The firm said the breach accounts for only a fraction of its total reserves, with most held in secure offline storage systems. All balances held prior to the suspension would be repaid in full, it said.

It's not the first time Bitstamp has been the victim of cyber crime. Last February, the Slovenia-based company halted withdrawals after hackers overwhelmed its servers in a denial-of-service attack.

Related: Sony breaks silence after "malacious" hack

Bitcoin has lost some of its shine over the past year. The virtual currency is trading at about $275. That's well off peaks reached in late 2013 -- when prices topped $1,000. Its value has tumbled and exchanges have been beset with glitches and hacks.

Mt. Gox, once the world's largest bitcoin trading platform, was struck by what was essentially a massive bank robbery in 2014. When the exchange discovered it was under attack, it stopped investors from pulling their money out. Nearly $400 million was lost forever.

Bitcoin was created in 2009 and allows users to buy merchandise anonymously. Last month Microsoft (MSFT, Tech30) joined a growing number of companies that accept bitcoins as payment, including PayPal and a scattering of restaurants and car services.

But the digital currency remains controversial since it is not government-issued and isn't practical for day-to-day use.

Visit link:

Hackers steal $5M from bitcoin exchange

Canadian exchange to shut as Bitcoin bad news continues

Posted on by

Canadian Bitcoin exchange Vault of Satoshi is shutting down next month in the latest bad news to hit the cryptocurrency.

The operators of the exchange said they are focusing on another business project that began six months ago, one that is not related to cryptocurrency.

Run by Global CryptoCurrency Solutions, the Brantford, Ontario-based exchange is no longer accepting new deposits and will close Feb. 5.

Wed like to reassure the community that it has absolutely nothing to do with insolvency, stolen funds, or any other unfortunate scenario, the operators wrote in a post. Our decision stems from opportunities presented by a new business that has forced us to reexamine our priorities.

The company did not immediately respond to a request for more information. Its cofounder Michael Curry is also behind TurboFlix, a Web service that allows Canadians to watch Netflix content available in other countries.

Vault of Satoshi launched in October 2013 and describes itself as the first full proof-of-reserve exchange in the industry.

Its closure comes as European Bitcoin exchange Bitstamp said in a post that some of its operational wallets were compromised Jan. 4, leading to a loss of less than 19,000 bitcoins, which is roughly US$5.1 million.

The bulk of our bitcoin are in cold storage, and remain completely safe, Bitstamp co-founder Nejc Kodric wrote in a Twitter message.

The exchange, launched in August 2011, had tried to reassure customers that their coins are safe after a breach over the weekend forced it to suspend operations on Monday.

Bitstamp added that it is investigating the matter and communicating with law enforcement officials.

See the original post here:

Canadian exchange to shut as Bitcoin bad news continues

Bitstamp Suspended — Hot Wallet Hacked? — Bitcoin $275 — 5th January 2014 – Video

Posted on by


Bitstamp Suspended -- Hot Wallet Hacked? -- Bitcoin $275 -- 5th January 2014
If you enjoy this episode please donate in bitcoins: Donate Bitcoin to Jamie at this address https://blockchain.info/address/1NgmjuqegdRkzkXpTcCbQcmk1HriwSucmy Donate to Thom: https://blockcha...

By: World Crypto Network

Continue reading here:

Bitstamp Suspended -- Hot Wallet Hacked? -- Bitcoin $275 -- 5th January 2014 - Video

Major Bitcoin Exchange Bitstamp Goes Offline After Possible Hack

Posted on by

Not even a year has passed since top bitcoin exchange Mt. Gox collapsed into a pit of burning money, blaming a hacking incident for a nearly half-billion dollar meltdown and bankruptcy. Now another major exchange may be putting its users through a small-scale replay of that crisis.

Early Monday, a UK- and Slovenia-based bitcoin exchange Bitstamp announced that it would be going offline while it investigated a security compromise of some portion of its stored currency that occurred over the weekend. It hasnt offered many details of the hack, but warned users to immediately stop making deposits to any addresses it issued before 4 a.m. ET Monday. Meanwhile, Bitstamp users money remains frozen in the companys accounts.

Bitstamp takes our security and soundness very seriously, reads a statement on the companys website. In an excess of caution, we are suspending service as we continue to investigate. We will return to service and amend our security measures as appropriate.

The company also tried to reassure users in its statement that theyre not facing a Gox-level debacle. Only the exchanges operational wallet was compromised, it says, a fraction of coins that are frequently bought and sold. Careful exchanges (and users) keep the majority of their bitcoins in cold storage, on computers without any connection to the Internet to prevent their theft. As a security precaution against compromises Bitstamp only maintains a small fraction of customer bitcoins in online systems, the companys statement reads. Bitstamp maintains more than enough offline reserves to cover the compromised bitcoins.

Bitstamps chief executive Nejc Kodri didnt immediately respond to WIREDs request for more information, but commented on Twitter: My sincerest apologies to those who are affected by our service being temporary suspended. He continued, Thank you all for your patience. We are working diligently to restore service and hope to have an ETA later today.

Bitstamp is far from Bitcoins biggest exchange; prior to its suspension it accounted for only about 6 percent of transactions according to bitcoin statistics site Bitcoin Charts. But it had become one of the longest-lived and reputable ways to buy and sell currency in bitcoins volatile economy. After Mt. Goxs bankruptcy, Bitstamp became a popular alternative to top exchanges BTC China, based in Chinas uncertain regulatory environment, and BTC-e, a mysterious operation run by unknown owners thought to be based in Bulgaria.

Were the backbone of the entire Bitcoin industry, Kodri told Forbes last year in an interview. The wallet services, ATM machines, mining companies all rely on us. The price of Bitcoin is the de facto price on Bitstamp. Were the go-to exchange.

Its temporary shutdown due to the theft of a still-unknown number of coins could rattle bitcoin at a bad time. On Monday morning bitcoins price hovered below $270, its lowest since 2013 and down from $375 just a month ago. If Bitstamp doesnt quickly emerge from its downtime and replace any lost coins, cryptocurrencys new year could be off to a unpleasant start.

Original post:

Major Bitcoin Exchange Bitstamp Goes Offline After Possible Hack

Major bitcoin exchange suspended

Posted on by

Some, however, are not buying this explanation.

"Don't believe Bitstamp. It's a matter of liquidity," Jeffrey Robinson, author "BitCon: The Naked Truth about Bitcoin" wrote to CNBC. "Who's next? It's as if Bitstamp realized they couldn't internalize the risk anymore so just decided, Let's suspend operations until everything settles down."

Others are in agreement that Bitstamp's issues may go well beyond security. A commentary in the Financial Times posited that the issues could lie in the company's financials becoming unhinged by the falling price, or the economics of mining taking their toll on the exchanges.

The price of bitcoin dropped into the $250-range on Sunday after trading for weeks in the mid $300s.

Bitstamp could not immediately be reached by CNBC for comment.

No matter what the cause of the service halt, Monday's news will be of key importance for the future of the cryptocurrency, according to "Fast Money" trader Brian Kelly.

"This is a critical moment for Bitcoin. As Adam Smith said, 'all money is a matter of confidence' and the reaction to this potential hack will either serve to undermine or bolster confidence," he wrote.

While Mt. Gox, the bitcoin exchange that fell apart in 2014, may have seen mismanagement, Bitstamp has a "highly capable venture capital team," according to Kelly.

In a statement to Coindesk, Bitstamp wrote: "Bitstamp takes our security and soundness very seriously. In an excess of caution, we are suspending service as we continue to investigate. We will return to service and amend our security measures as appropriate."

Here's what Bitstamp CEO Nejc Kodri had to say over Twitter:

See original here:

Major bitcoin exchange suspended

Major bitcoin exchange suspended after price drop

Posted on by

Some, however, are not buying this explanation.

"Don't believe Bitstamp. It's a matter of liquidity," Jeffrey Robinson, author "BitCon: The Naked Truth about Bitcoin" wrote to CNBC. "Who's next? It's as if Bitstamp realized they couldn't internalize the risk anymore so just decided, Let's suspend operations until everything settles down."

Others are in agreement that Bitstamp's issues may go well beyond security. A commentary in the Financial Times posited that the issues could lie in the company's financials becoming unhinged by the falling price, or the economics of mining taking their toll on the exchanges.

The price of bitcoin dropped into the $250-range on Sunday after trading for weeks in the mid $300s.

Bitstamp could not immediately be reached by CNBC for comment.

No matter what the cause of the service halt, Monday's news will be of key importance for the future of the cryptocurrency, according to "Fast Money" trader Brian Kelly.

"This is a critical moment for Bitcoin. As Adam Smith said, 'all money is a matter of confidence' and the reaction to this potential hack will either serve to undermine or bolster confidence," he wrote.

While Mt. Gox, the bitcoin exchange that fell apart in 2014, may have seen mismanagement, Bitstamp has a "highly capable venture capital team," according to Kelly.

In a statement to Coindesk, Bitstamp wrote: "Bitstamp takes our security and soundness very seriously. In an excess of caution, we are suspending service as we continue to investigate. We will return to service and amend our security measures as appropriate."

Here's what Bitstamp CEO Nejc Kodri had to say over Twitter:

Originally posted here:

Major bitcoin exchange suspended after price drop

Coin Cloud Launches Bitcoin ATM At Gold Spike Hotel & Casino In Downtown Vegas

Posted on by

Bitcoin continues to expand in Vegas as Coin Cloud opens a BitAccess bitcoin ATM in tech-centric Downtown Las Vegas

Las Vegas, NV (PRWEB) - Following the success ofCoin Cloud's July launch of the Las Vegas Strip's first bitcoin ATM, the Las Vegas-based company unveils its 2nd bitcoin ATM located inside Gold Spike today.

Coin Cloud is deploying an ATM manufactured byBitAccessto provide digital currency enthusiasts a convenient 24-hour downtown location to buy and sell bitcoin with the touch of a screen.

The new kiosk is located within walking distance of downtown casinos and nearby the pedestrian-centric Fremont Street Experience. The BitAccess machine will be owned and operated by Coin Cloud CEO Chris McAlary, a bitcoin trader and former bitcoin miner.

"I'm excited about the opportunity to offer Las Vegas' downtown community the most cutting edge technology found in BitAccess ATMs and am thrilled to contribute to downtown's continuous growth by providing locals and tourists with easy instant access to bitcoin," said Chris McAlary, owner of Coin Cloud.

The BitAccess ATM is open 24 hours, 7 days a week at Gold Spike located at 217 Las Vegas Blvd. N., Las Vegas, NV 89101.

About Coin Cloud: Founded in 2014, Coin Cloud provides consumers convenient access to bitcoin, allowing customers the easiest way to buy and sell bitcoin. Coin Cloud also provides package deals for those interested in owning their own bitcoin ATMs. For more information visithttp://www.coincloudatm.comor email info@coincloudnv.com. Keep up with Coin Cloud onTwitter/Facebook.

About BitAccess: BitAccess Inc. is a world leader in Bitcoin ATMs based out of Ottawa, Canada. Founded in 2013, BitAccess BTMs are operational in several countries. With in-house technology expertise, BitAccess empowers anyone to buy or sell bitcoin in less than 60 seconds with just a telephone number.

About Gold Spike: Gold Spike is a coworking space with bar and restaurant by day, and transforms into a giant party by night. Located in the heart of downtown Las Vegas, Gold Spike boasts a bar and cafe, as well as "The Living Room," and "The Backyard," all operating 24 hours a day. The Living Room is equipped with WiFi, a pool table, shuffleboard, corn hole games, and a healthy selection of board games as well as a giant Connect Four game on one wall. The Backyard is also equipped with cornhole, giant Jenga sets, giant beer pong, hopscotch and four square, and both The Living Room and Backyard feature live music several nights per week. Gold Spike is located at 217 Las Vegas Blvd. North, Las Vegas, NV 89101. For more information, visit goldspike.com.

Read more from the original source:

Coin Cloud Launches Bitcoin ATM At Gold Spike Hotel & Casino In Downtown Vegas


  1. Bitcoin