piracy
The Pirate Bay Added a CPU-Hijacking Bitcoin Miner to Some Pages

File-sharing websites are not exactly known for their sterling reputation, though a few such as famed torrent site the Pirate Bay have been around for long enough while generally avoiding shady behaviour they’ve acquired a certain cache with the internet community. Read More >>

money
Bank Boss Says Bitcoin’s a Scam Doomed to Crash

The boss of banking firm JP Morgan isn't exactly convinced that Bitcoin is anything more than a minor bubble, suggesting that the cryptocurrency is doomed -- and should only be used by criminals anyway. Read More >>

bitcoin
Surging Bitcoin Markets Brace for Chinese Government Onslaught

Bitcoin markets are nervously sitting in a holding pattern on Monday morning as multiple outlets have received confirmation that the Chinese government plans to shut down official exchanges. Investors have settled into a wait-and-see moment that could determine the cryptocurrency’s immediate future. Read More >>

cryptocurrency
What Are ICOs and Why Are They Getting Banned in China? 

Over the weekend, China banned initial coin offerings (ICO) and briefly paused the seemingly unstoppable price increase of bitcoin. But the cryptocurrency has already bounced back. With the likes of Paris Hilton, Kim Dotcom, and John McAfee all jumping into the ICO world in one way or another, it seems worth asking what the hell this whole thing is about. Read More >>

cryptocurrency
Some Crypto-Capitalists Just Want to See the World Burn

“In battle, the commander is the first one to go over the top,” Joe McKinney, shirt unbuttoned, wearing a shower cap and one of those aeroplane neck pillows, exclaims over music swelling from every direction. He’s having a great time, romping around San Francisco as part of a “distributed dance party”—a roving DJ set controlled by an FM transmitter, beamed to dozens of boomboxes, and led by men who look like Road Warrior extras drenched in neon paint. One of them advises through a megaphone not to step on or trip over a homeless man in the path of revelry. Read More >>

cryptocurrency
China Bans Initial Coin Offerings, Warning of Financial Scams

The initial coin offering party is over in China. A committee led by the People’s Bank of China, the nation’s central bank, has imposed an immediate ban on new cryptocurrency crowdfunding efforts and warned many ICOs are scams, TechCrunch reported . Read More >>

money
Amid Chaos, We’re About to Get a Whole New Kind of Bitcoin

Less than a week ago, headlines declared that a market-shaking fork in Bitcoin had been averted. But the people backing a new cryptocurrency called Bitcoin Cash have now announced that the expected compromise between warring factions is dead. Next week, the huge Bitcoin fork will begin and here’s what it’s all about. Read More >>

crime
£24.6 Million in Ether Stolen as People Refuse to Learn Their Lesson About Cryptocurrencies

Unknown hackers made off with an estimated $32 million (~£24.6 million) in hot cryptocurrency Ether, one of the most popular of the innumerable successors to Bitcoin, this week. Read More >>

money
How Exactly Do You Get Rich off the Hot New Cryptocurrency?

With the meteoric rise in popularity of Ethereum, cryptocurrencies and blockchains are back in the news again. Graphics card prices have soared with the promise that those who have the computers and know-how to do some serious mining can take home huge sums in a Bitcoin-like gold rush to snatch up as much virtual currency as possible. But how easy is it to make your fortune in cryptocurrency? And is it worth your while getting started? Read More >>

crime
A Major Dark Net Market Is Down and Users Are Worried They Got Scammed

AlphaBay Market, a prominent dark web marketplace that facilitates the sale of drugs and other illegal items, went down last night and users are panicking, afraid the moderators have shut down the site for good and run off with the loot. Read More >>

bitcoin
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 >>

money
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
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
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
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 >>