64 year old Dorian Nakamoto from Temple City California was met with a surprise on his doorstep: Newsweek reporter Leah McGrath Goodman. For months, Goodman had been working with forensic analysts to pinpoint the creator of Bitcoin, the digital phenomenon that has dominated the news for the past year. Upon
You Money Has Been Deposited…aaand Now Its Gone I sincerely hope none of you readers out there put any of your money into the Tokyo based currency exchange Mt Gox, the world’s biggest exchange for the virtual currency Bitcoin. Recently, Chief Executive Mark Karpeles reported that Mt Gox had for
Silk Road 2.0 was hacked yesterday of 4,474.27 bitcoins, the equivalent of around $2.7 million. Silk Road was an underground drug marketplace that was shut down by the FBI in October of 2013. However just a few weeks later, a former customer created Silk Road 2.0. Silk Road 2.0 sells
Once the king of all Bitcoin exchanges, Mt. Gox has taken a serious tumble this morning after it was forced to cease all withdrawals. Mt. Gox posted the following memo on their website: In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause
Charlie Shrem, CEO of the exchange BitInstant.com and Vice Chairman of the Bitcoin Foundation, was arrested on Sunday for money laundering. His co-conspirator, Robert M. Faiella, was arrested this morning. Shrem and Faiella have been accused of selling $1 million in Bitcoins to users of Silk Road, an online black
Bitcoin has been all over the news lately, so today I’ll be sharing some interesting stories about the popular new currency. If you’re not sure exactly what Bitcoin is, check out this post for a quick run-through. Otherwise, keep reading for three fun facts! Fact #1: A thief is currently trying
