Bitcoin press hits, notable sources

[julz]

Linode compromised, Bitcoins stolen
Firm confirms intrusion and alerts users

Dave Neal
2012-03-02

http://www.theinquirer.net/inquirer/news/2156823/linode-compromised-bitcoins


CLOUD WEB HOSTING FIRM Linode has had to confess to a security problem that has left some of its users out of pocket to the tune of over $220,000.
Reports about problems with the service sprung up yesterday, and Linode has already confirmed that it is at fault.

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[cbeast]

Linode compromised, Bitcoins stolen
Firm confirms intrusion and alerts users

Dave Neal
2012-03-02

http://www.theinquirer.net/inquirer/news/2156823/linode-compromised-bitcoins


CLOUD WEB HOSTING FIRM Linode has had to confess to a security problem that has left some of its users out of pocket to the tune of over $220,000.
Reports about problems with the service sprung up yesterday, and Linode has already confirmed that it is at fault.

The hosting industry newssite  'WEB HOST INDUSTRY REVIEW' covers the linode hack story

Hackers Break Into Web Host Linode, Steal $228K in Bitcoins from Customers

Nicole Henderson
2012-03-02

http://www.thewhir.com/web-hosting-news/hackers-break-into-web-host-linode-steal-228k-in-bitcoins-from-customers

According to a thread on WebHostingTalk, the issue with the Linode management console could potentially put all VPS web hosts at risk. One user suggested hosts using Linode check their systems for reboots and change root passwords as soon as possible to prevent a security breach.

Yet Bitcoin keeps rolling.

[julz]

Internet Bandits Steal More Than $200,000 in Bitcoin

Mario Aguilar
2012-03-02

http://gizmodo.com/5890137/internet-bandits-somehow-steal-more-than-200000-in-bitcoin

[julz]

Threatpost - The Kaspersky Lab Security News Service

Cloud Service Linode Hacked, Bitcoin Accounts Emptied

Paul Roberts
2012-03-02

http://threatpost.com/en_us/blogs/cloud-service-linode-hacked-bitcoin-accounts-emptied-030212

[julz]

Thousands of Bitcoins stolen in a hack on Linode

Morgan Peck
2012-03-02

http://spectrum.ieee.org/tech-talk/computing/networks/thousands-of-bitcoins-stolen-in-a-hack-on-linode


Interestingly, the price of Bitcoin, which usually tumbles on this sort of news, has stayed right around $4.6 all day. In fact, that's where it's been for over a month now, with occasional spikes up over $5. While the hack is clearly the latest set back for Bitcoin, the mellow reaction from the market could indicate that the currency is becoming more resilient as businesses prove their willingness to absorb losses.

[julz]

Linode Breach Leads to Massive Heist of 46,000 BTC from Bitcoinica, Faucet

Kit Dotson
2012-03-02

http://siliconangle.com/blog/2012/03/02/linode-breach-leads-to-massive-heist-of-46000-btc-from-bitcoinica-faucet/

Numerous media sources are reporting now on a massive heist of Bitcoin wallets as the result of the hack of the cloud-hosting provider Linode.

[phelix]

Spiegel Online, one of the biggest German news websites reports on the linode incident. balanced reporting, imho.

http://www.spiegel.de/netzwelt/web/0,1518,818810,00.html  (german, first two paragraphs)

maybe the theft gets us new publicity...   some say all publicity is good publicity  


edit: they did not point out the companies would bear the losses
edit2: link corrected - thanks wareen

[farfiman]

When the first issue of Bitcoin Magazine gets published, is this thread going to start filling up quickly with every article we have? 

Will it be considered a "notable source" ?   

[julz]

When the first issue of Bitcoin Magazine gets published, is this thread going to start filling up quickly with every article we have? 

Will it be considered a "notable source" ?   

In my opinion - it's a source from 'within the community' - so I won't be referencing individual articles from it here. 
However, I'll be keeping an eye out and reporting when some other journalists/media outlets write followup pieces on Bitcoin Magazine articles or refer to the magazine.

[farfiman]

There is a short article about bitcoin in the the march edition of  "The Linux Journal"
(no web link to it - subscriber only)

Nothing new , but the author  says this at the end:

"What about you? Do you think cryptocurrency has a future, or do you think it’s a geeky fad that will fade away? Send an e-mail with “CRYPTOCURRENCY” in the subject line to shawn@linuxjournal.com, and I’ll follow up with a Web article based on your feedback."

If anybody has the full article feel free to put it up.

[pastory99]

When the first issue of Bitcoin Magazine gets published, is this thread going to start filling up quickly with every article we have? 

Will it be considered a "notable source" ?   

Yeah, how reliable is it lol

[adamstgBit]

When the first issue of Bitcoin Magazine gets published, is this thread going to start filling up quickly with every article we have?  

Will it be considered a "notable source" ?  

Yeah, how reliable is it lol

bitcoin events / businesses, described / scrutinized  by bitcoiners... hmmm i wonder....

dudes!  

finally something worth reading!

[k]

http://www.forbes.com/sites/jonmatonis/2012/03/06/virtual-currencies-and-roach-motels/

Virtual Currencies and Roach Motels by Jon Matonis in Forbes.com

Accompanying podcast also but I haven't listened to it yet:
http://www.virtualpolicy.net/virtuallypolicy003.html

[rjk]

http://www.forbes.com/sites/jonmatonis/2012/03/06/virtual-currencies-and-roach-motels/

Virtual Currencies and Roach Motels by Jon Matonis in Forbes.com

Accompanying podcast also but I haven't listened to it yet:
http://www.virtualpolicy.net/virtuallypolicy003.html

Nice! Comments such as "elegance" and "resiliency", and the article writer even noticed Mike's hard work on BitcoinJ.

[D.H.]

http://www.forbes.com/sites/jonmatonis/2012/03/06/virtual-currencies-and-roach-motels/

Virtual Currencies and Roach Motels by Jon Matonis in Forbes.com

Accompanying podcast also but I haven't listened to it yet:
http://www.virtualpolicy.net/virtuallypolicy003.html

Nice! Comments such as "elegance" and "resiliency", and the article writer even noticed Mike's hard work on BitcoinJ.

I think the writer is forum user matonis.

[proudhon]

http://www.forbes.com/sites/jonmatonis/2012/03/06/virtual-currencies-and-roach-motels/

Virtual Currencies and Roach Motels by Jon Matonis in Forbes.com

Accompanying podcast also but I haven't listened to it yet:
http://www.virtualpolicy.net/virtuallypolicy003.html

Nice! Comments such as "elegance" and "resiliency", and the article writer even noticed Mike's hard work on BitcoinJ.

I think the writer is forum user matonis.

Yep.  That's him.

[julz]

Dwolla Being Sued by Bitcoiners for $2 M.

Adrianne Jeffries
2012-03-06

http://www.betabeat.com/2012/03/06/dwolla-was-just-sued-by-bitcoiners-for-2-m/

The plaintiff is TradeHill, a Bitcoin currency exchanger based in San Francisco and Chile that was at one time the second-largest processor of Bitcoin currency trades, but which recently shut down.

discussion thread: https://bitcointalk.org/index.php?topic=67625.0

Dwolla Releases Statement on That Bitcoin Lawsuit

Adrianne Jeffries
2012-03-06

http://www.betabeat.com/2012/03/06/dwolla-releases-statement-on-that-bitcoin-lawsuit/

"Dwolla has sent over a statement responding to the $2 million lawsuit filed yesterday by the Bitcoin exchange TradeHill. Dwolla says it has not been formally served notice of the lawsuit yet."

Update: Details of $2 million lawsuit vs. Dwolla

Marco Santana
2012-03-06

http://blogs.desmoinesregister.com/dmr/index.php/2012/03/06/bitcoin-exchanges-files-lawsuit-against-dwolla/

[julz]

Dwolla Put Us Out of Business, Bitcoin Exchange Says in Suit

Jeremy Quittner
2012-03-06

http://www.americanbanker.com/issues/177_45/tradehill-dwolla-bitcoin-exchange-digital-currency-lawsuit-1047273-1.html


In February American Banker asked Jordan Lampe, Dwolla's chief executive, whether his company was the unidentified payment processor that Kenna, in the earlier blog post, claimed had removed $100,000 from TradeHill's account "without notice."

In response, Lampe wrote in a Feb. 17 email, "We operate legally under a very defined set of laws and regulations [and]…we can't/won't comment on individual accounts, past or present. We are extremely focused on our financial institution products right now."

[julz]

Dwolla Caught in Legal Feud with Bitcoin Exchange TradeHill for $2 Million

Kit Dotson
2012-03-06


http://siliconangle.com/blog/2012/03/06/dwolla-caught-in-legal-feud-with-tradehill-for-2-million-bitcoin/

While it’s obvious from the Bitcoin community that indeed Dwolla suddenly became chargeback happy—and did so in a manner that caused surprise and harm to exchanges—the biggest exchange in themarketMt.Gox still uses them as a payment network. Initially, Mt. Gox cofounder Mark Karpeles says that the chargebacks simply “disappeared” from the history; but later Mt.Gox and Dwolla managed better communication about charges and chargebacks

[julz]

Dwolla sued by former Bitcoin exchange, issues statement

Danny Schreiber
2012-03-06

http://www.siliconprairienews.com/2012/03/dwolla-sued-by-former-bitcoin-exchange-issues-statement