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Bitcoins 'losing' value for cyber-thieveshttp://www.bbc.com/news/technology-32445026Scrambling data with malicious programs known as ransomware - which demand payment from victims to decrypt data - has been popular with some hi-tech criminals over the past few years. The gang behind the notorious cryptolocker program is believed to have made about £2m from victims before it was broken up.
Bitcoins have been the preferred payment method, said Mr Maor, but the volatility of the currency and its falling value has forced criminals to convert it into other forms of cash as soon as possible.
"Most of them won't keep bitcoins - they don't like the valuations bitcoin has - so they just use it as a layer of obfuscation, and move it to a different form of money," Mr Maor told The Register during an interview at the RSA security conference in San Francisco.
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Bitcoin Island: cleaning up the crypto currencyhttp://www.bbc.com/news/business-32394170
What do Thomas the Tank Engine, lifeboats, pilates, and the Bee Gees have in common? They are all success stories from the Isle of Man. The small independent island in the middle of the Irish Sea is now hoping to give a wholesome boost to the bad boy of digital currencies, Bitcoin
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Cash Is Here To Stay Despite The Rise Of Bitcoin, Venmo, And Apple Payhttp://www.forbes.com/sites/arjanschutte/2015/04/23/show-me-the-money/Everyone in the financial services industry is very excited about the digitization of money. How exciting it would be to forego cash (and those annoying checks), in favor of a more efficient world of commerce and assets. At the hand of Bitcoin, the argument goes, or Apple Pay, or what-not – our money would be more secure, more liquid, more flexible, and wield more control. And while all that is true – and then some – we’re also still a long ways away, because currency made with atoms is incredibly persistent.
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Exclusive: Bitcoin exchange itBit seeks New York banking licensehttp://www.reuters.com/article/2015/04/23/us-bitcoin-itbit-idUSKBN0NE2JL20150423In a little noticed move, bitcoin exchange itBit has filed for a banking license in New York, according to the state banking authority.
Approval for the license may come in the next couple of weeks, people familiar with the matter told Reuters, which could make itBit the first bitcoin company to be regulated as a bank in the United States.At first, I thought it would be bitlicense, not banking license. If it does get a banking license, it could be a big boost for Bitcoin.
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Why Bitcoin’s male domination will be its downfallhttp://fusion.net/story/124655/why-bitcoins-male-domination-will-be-its-downfall/
If you are a woman involved with Bitcoin, you are invariably going to get treated like an outsider. As Victoria Turk says, “it seems that the only Bitcoin community that particularly welcomes female participation is the NSFW subreddit r/GirlsGoneBitcoin”, which is basically a site where women get paid in cryptocurrency to pose nude.
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Deals in dark helped bitcoin take off, says chief scientisthttp://www.reuters.com/article/2015/04/22/us-currency-bitcoin-idUSKBN0ND0YN20150422
Without dealings in the "grey areas" of the global economy, bitcoin might not have grown to be worth the $3 billion it is today, according to Gavin Andresen, the closest thing the digital currency has to a CEO.
Andresen, a self-confessed "all-around geek", is chief scientist at the Bitcoin Foundation, a non-profit group he helped set up three years ago to support and promote the digital currency
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Robot with $100 bitcoin buys drugs, gets arrestedhttp://www.cnbc.com/id/102604472This is the curious story of how a robot armed with a weekly budget of $100 in bitcoin managed to buy Ecstasy, a Hungarian passport and a baseball cap with a built-in camera—before getting arrested.
The "automated online shopping bot" was set up in October last year by Swiss art group, !Mediengruppe Bitnik, as an art installation to explore the "dark web"—the hidden, un-indexed part of the Internet.
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Bitcoin-focused firm rebrands broker-dealer for digital currencieshttp://www.reuters.com/article/2015/04/16/bitcoin-trading-genesis-idUSL2N0XD14B20150416Digital Currency Group, a New York-based entity founded by bitcoin advocate Barry Silbert, rebranded its broker-dealer division of SecondMarket Inc specializing in trading virtual currencies including bitcoin, according to a press statement on Thursday.
The Trading Division of SecondMarket Inc is now called Genesis Trading and focuses solely on institutional clients such as hedge funds and alternative asset investors, it said.
The division also carried out trades for more than 800,000 bitcoins worth over $300 million, making the company the bitcoin industry's largest over-the-counter trading desk.
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