Displaying items by tag: Digital Currency

One of the richest men in the world, big business magnate and the most successful investor of the last century, 83 year old Warren Buffett, spoke to CNBC about the current state of the economy. The conversation touched on the Bitcoin or the great attention that this virtual currency is currently gets.

Since the end of last year, Virgin Galactic owned by Richard Branson allows payment of its services through the virtual currency Bitcoin. This option was used by Cameron and Tyler Winklevoss, and they paid their trip into space completely in bitcoins, but will have to wait a bit more until commercial flights of this type start to happen.

Since the 18th August of 2008. when the domain bitcoin.org was purchased, and after on January 12th 2009. the first recorded transactions between Satoshi and Hal Finney took place, many have wondered who is Satoshi, since he was listed as the person who created a new virtual currency - Bitcoin.

Taro Aso, the Japanese finance minister, said that the local government is still investigating the case of Mt.Gox collapse, the best known Bitcoin exchange office, which was located in Tokyo. As word of possible criminal activity behind this case, it is possible to be a responsible and serious legal consequences.

Charlie Shrem, vice president of Bitcoin Foundation, which is among other things responsible for lobbying in favor of digital currencies, was arrested earlier this week in New York. With him was arrested Robert Faiella, a senior official of the same organization.

Shortly after Zynga's publication that they are testing the Bitcoin payments within their online games, news arrived that one more American online store has done the same.

BIPS, one of Europe's most popular wallet services for virtual currency Bitcoin was the previous day target of extensive DDoS attacks during which 1295 Bitcoin coins  were stolen which amounts to around $1.02 million.

Inputs.io service that offers users online Bitcoin wallet service was compromised on 23rd and again on 26th October. Unknown hackers on that occasion stolen 4100 Bitcoins, which have a value of at least $1.2 million. The owner of the attacked website, known only by the nickname TradeFortess, gave this information to users this week, noting that the attack affected only specific users .

One of the biggest IT companies in China, Shanda Group, specifically its department of real estate operations launched the first investment project for the purchase of 300 apartments which have yet to be built in the new Shanghai Zhangjiang Technology Park.

Using known decentralized virtual currency Bitcoin is prohibited until further notice in Thailand. The decision was made by the Central Bank of Thailand, responsible for the regulation of the complete financial market of that Asian country. Following their recommendation for unfinished existing Thai laws on issues of virtual currency and the lack of centralized control, recently they banned trade of Bitcoin coins, buying and selling products in the Bitcoin currency, each sending of Bitcoin coins outside of Thailand and receiving Bitcoin coins from person or institution outside Thailand.