Category Archives: Bitcoin

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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.

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Hackers steal $5 million in attack on European bitcoin ...

By Digital Currency Magnates on Jan 7, 2015 09:13:26 GMT

Bitcoin (BTC/USD) had its first big bounce this year, climbing as high as $293 on BTC-e. Currently trading at $283, it is still down by over 10% for the year. Volume has tapered from that seen during the sell-off earlier this week, now averaging 300 BTC/hour. BTC has done a relatively good job of retracing []

By Petar Kotevski on Jan 7, 2015 04:42:17 GMT

A lot happened since our last update as bitcoin is back to making headlines. BitStamp, one of the top USD to BTC exchanges by trading volume got hacked, losing approximately19,000 BTC or $5.3 million in todays prices. The initial move lower to $260 can likely be pinned on this. On the technical front, the bounce []

By Petar Kotevski on Jan 5, 2015 12:01:01 GMT

Bitcoin extended the decline for a second day in a row. After opening at $289.67 BTC/USD fell to daily low of $260 flat before rebounding somewhat. The fledgling cryptocurrency ended the day down by another $23 dollars or close to 8 percent. The total two days loss now stands at $46 dollars, or 14.7 percent. []

By Petar Kotevski on Jan 4, 2015 04:18:03 GMT

Bitcoin successfully cleared the round $300 figure yesterday. Prices took out the temporary swing low at $296, then proceeded to fall $24 dollars to a new low of $272. In our article yesterday we said: The spike lower points that more losses are on the way but it would be prudent to wait for a []

By Petar Kotevski on Jan 3, 2015 06:16:44 GMT

Bitcoins range exploded today as prices fell to retest the $300 figure. After opening at $312.72, BTC/USD fell steadily and hit a low of $296 per coin around mid-day. Since then we had a bit of a pullback and we are currently quoted right at the $300 mark on BTC-E. Prices are sightly higher on []

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BitCoin Archives - ForexNews.com

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Stuart Scott is Dead and the Price of Bitcoin has Crashed Again
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Building Bitcoin Websites - Building a Bitcoin Faucet 3 of 9
How to build a Bitcoin faucet. This video goes over creating the user registration page. BTC address: 1J9ikqFuwrzPbczsDkquA9uVYeq6dEehsj.

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Invest bitcoins and get double of your investment after 100 hours
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Biggest ever bitcoin transaction Indonesian villa sold for $600,000 in bitcoins

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Bitcoiner talks about Bitcoin theft and security
Leo Treasure describes his experience of getting hacked a three figure sum of bitcoins.

By: Michael Ou

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Bitcoiner talks about Bitcoin theft and security - Video

Bitcoin: HACKS, Suicides, and Ponzi Schemes. Is it Really Safe?
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