I Threw Away £3.7 Million In Bitcoin

Five years ago, I threw away a hard drive. An utterly generic 250GB portable hard drive, already a few years old, with a couple of dings and scratches in its shell and with the beginnings of an audible click that would have eventually killed it. Read More >>

Reddit Users Lose Real Money After Meme Currency Bot Dies

Another day, another cryptocurrency clusterfuck. This week, the creator of the tipping bot “dogetipbot”—a service that let Reddit users “tip” each other in Dogecoin—announced that his company is broke, he’s broke, and the bot is broke because he spent all the coins, after he himself ran out of money. Read More >>

Bitcoin Is Now Worth More Than Gold

Last night, for the first time, the value of Bitcoin was higher than gold: $1,268 (about £1036) for one Bitcoin vs $1,233 (about £1,008) for a troy ounce of gold when the markets closed. Read More >>

Bitcoin Refuses to Just Die Already

Bitcoin, somehow, continues to persist despite mounting evidence that it’s not the best use of your money. The digital “cryptocurrency” hit a record high on Thursday, trading above £950 according to several exchanges. Read More >>

Hackers Locked Every Room in This Hotel Until a Bitcoin Ransom Was Paid

As more and more things become connected to the internet, they all become more susceptible to hackers. So it should come as no surprise that even state-of-the-art hotel lock systems are now getting ransomed. Hackers recently penetrated the security system of a 4-star hotel in Austria, locking every room’s door from the outside. The doors were only unlocked after the hotel agreed to pay a ransom in Bitcoin. Read More >>

Bitcoin is the Film Industry’s Latest Weapon Against Piracy

You might hear less about it these days, but digital piracy is still very much in vogue. Read More >>

US Authorities Just Turned a £1.2 Million Profit on Seized Silk Road Bitcoin

An anonymous bidder purchased 2,700 bitcoins worth about $1.6 million (£1.2 million) in an anonymous auction held by US Marshals Service on Monday. The Feds confirmed the sale to CoinDesk, a site that reports on the digital currency, and said that four bids were received in the auction. Read More >>

Hackers Steal £54 Million in Bitcoin From Hong Kong Exchange

Hong Kong bitcoin exchange Bitfinex reported yesterday that hackers had stolen 119,756 bitcoin, which is worth as much as £54 million. News of the hack sent bitcoin tumbling 23 per cent, with its current value hovering around £418. Bitfinex confirmed that no other digital currency except bitcoin was targeted in the hack. Read More >>

The Good News is Your Bitcoins Have Gone Up Today

Today's news is all about graphs pointing down -- to a metaphorical financial hell of our own creation -- as the turmoil from the EU referendum result tears the money markets to pieces. But there's one bit of good news for anyone forward thinking enough to have whacked their entire pension pot into Bitcoin, as the digital currency has exploded in value now that our paper money's on the rack. Read More >>

Craig Wright’s Claims About Inventing Bitcoin Still Don’t Make Any Sense

New details have emerged in the saga of Bitcoin’s mysterious creator Satoshi Nakamoto. Last night, the London Review of Books published an incredibly detailed, 35,000-word story about the recent turmoil of Craig Wright, an Australian businessman who claims to have invented Bitcoin. The story offers plenty of fascinating tidbits about the entire Wright saga, but fails to answer a question that’s fundamental to the story: How did a man so obsessed with security get hacked so damn badly? Read More >>

Australian Police to Sell £8m of Seized Illegal Bitcoins

Though it has many legitimate uses, Bitcoin has become somewhat notorious for its use as a currency for selling blackmarket goods online. If you want to buy drugs online - untraceable Bitcoin appears to be the way to do it. Read More >>

Explore a Huge Bitcoin Mine in 360 Video

Ever wondered what a large-scale Bitcoin mine looks like? Well this video allows you to step inside a Chinese factory where the equivalent of £5.54 million of the cryptocurrency is generated every single year. Read More >>

Craig Wright Backs Out of Promise to Move Bitcoin

The saga of Bitcoin’s mysterious founder took another bizarre turn today, when Dr. Craig Wright, an Australian businessman who claims to be the inventor of the cryptocurrency, reneged on his promise to move early bitcoins. Moving the bitcoins was widely perceived by experts as the primary method for Wright to prove his identity. Read More >>

Is Dave Kleiman the Missing Link in Craig Wright’s Satoshi Story?

As the internet argues over the identity of Satoshi Nakamoto, the creator of Bitcoin, a search is underway in Florida for what may be his fortune — or at least a part of it. An attorney representing the brother of one of the key players in Craig Wright’s Satoshi story told Gizmodo that he and his client are searching for “buried treasure”. Read More >>

Craig Wright Claims He Will Move Satoshi Nakamoto’s Bitcoin ‘In the Coming Days’

Yesterday, Australian entrepreneur Craig Wright announced that he was the elusive creator of Bitcoin. His proclamation was immediately met with an avalanche of suspicion, with one prominent cryptography expert describing it as “flimflam and hokum.” Now, through a spokesman, Wright has promised that further proof for his claims is coming. Read More >>