Using stolen computer processing cycles to mine Bitcoin

A team of computer scientists at the University of California, San Diego, has taken an unprecedented, in-depth look at how malware operators use the computers they infect to mine Bitcoin, a virtual currency whose value is highly volatile.  

Open collaboration, which led to Bitcoin, TEDx and Wikipedia, likely to grow

Open collaboration – which has brought the world Bitcoin, TEDx and Wikipedia – is likely to expand into new domains and displace traditional organizations, according to a paper in a journal of the Institute for Operations Research and the Management Sciences (INFORMS).

Raspi Bitcoin miner may just pay for itself eventually

We’re sure a lot of people out there have a Raspberry Pi or two lying around waiting for a project to come to mind.[Dave] has an interesting solution to this orphaned hardware – use it to mine Bitcoins and perhaps put a few extra bucks in your pocket ...

Android BitCoin wallets vulnerable to theft

What are your thoughts about BitCoin – “a new form of money that uses cryptography to control its creation and transactions, rather than relying on central authorities”?Well, watch out with your BitCoin wallet on Android. T3 is among those reporting a warning from BitCoin developers about an Android ...

Bitcoin Startup ArtaBit Working On Cheaper Alternative To Western Union

Every summer job I ever held before I turned twenty was in or around a kitchen. I did it all—scrubbed dishes, garnished dishes, grilled, baked, waited and frialated. And during that time, I worked closely with many Central and South Americans, all of whom shared one thing in ...

Bitcoin network trashes supercomputers

The Bitcoin hash network is eight times faster than the world’s top 500 supercomputers combined.

Bitcoin founder remains an enigma

Bitcoin is currently one of the valuable and popular virtual currencies on the market, with numerous exchange houses springing up literally overnight. 

Claim: Bitcoin exchanges less likely to fail, but more likely to suffer breach

Online exchanges that trade hard currency for Bitcoin reportedly have a 45 percent chance of failing - often taking their customers’ money with them. The above-mentioned claim is based on a new computer science study that applied survival analysis to examine the factors that prompt Bitcoin currency exchanges to close.

Bitcoin suffers a big crash

Bitcoin has suffered a flash crash, surprising absolutely no one. The cyber currency tumbled from $266 to just $55 in a single day of trading.

Bitcoin bubble continues to inflate

Bitcoin has surged past $200 for the first time in history, but its meteoric rise has prompted many in the financial world to sound the alarm. 

Bitcoin hits $239

Virtual currency Bitcoin broke the $200 barrier today and managed to briefly touch an impressive high of $239.

Report: Bitcoin mining malware spreads on Skype

Security researchers say they have positively identified a spam message campaign on Skype designed to spread malware with Bitcoin mining capabilities.

Bitcoin price hits $100

The value of Bitcoin surpassed $100 yesterday, on April Fools’ Day. The virtual, uncontrolled currency has gone from strength to strength in recent months but now it is starting to resemble a massive bubble.

Bitcoin value reaches an all-time high compared to the dollar

Digital currency used in place of the dollar isn't exactly a new concept, especially online.

Mega to start accepting bitcoins

The new web storage service Mega founded by the controversial Kim Dotcom (aka Kim Schmitz) has confirmed that it will now accept bitcoin, an online virtual currency already used by thousands.

Hackers steal $250,000 from BitFloor exchange

The US's biggest BitCoin trading exchange, BitFloor, has been forced to temporarily shut up shop, after a virtual heist in which the equivalent of $250,000 was stolen.