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Posts Tagged ‘Bitcoin’

THIS JUST IN: Bitcoin Is Real. Ask the TSA.

THIS JUST IN 2ICYMI: The world of Bitcoin encountered a colossal fart-and-fall-down moment with the landslide of Mt. Gox.

And ICYMI too, Mt. Gox is an acronym for “Magic the Gathering Online Exchange,” because it originally served as a trading hub for cards from a fantasy game. (Please, like we are smart enough to make that up.)

Anywho, Mt. Gox was the world’s largest database of Bitcoin — a uber-nerdy peer-to-peer cryptocurrency. According to Daily Tech, 25,000 Bitcoins were transferred from 478 accounts via the highly trustworthy Mt. Gox. Later, Mt. Gox “admitted a major breach” and has shut down.

In all, approximately $8.75M USD worth of Bitcoins appear to have — at least temporarily — been stolen in the intrusion.

So, how is the just as trustworthy Transportation Security Administration involved? You’ll love this.  Read more

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‘Coinye West’ Hopes a Certain Rapper Will Promote Its Virtual Currency

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What could possibly go wrong?

We were just starting to learn about Bitcoin, and now someone’s ruined the virtual money-hoarding game by turning it all into a big joke.

Or maybe not.

Read more

UK Firm Claims to Be the First to Accept Bitcoin

shutterstock_138339140Have you heard of Bitcoin? To put it another way, do you follow any tech or business journalists on Twitter? Thought so.

We admit to our own general ignorance of the trend because we’re not sure what to make of “virtual currency”, especially when it involves one or more Winklevosses. At first we assumed it was just a new way for our Libertarian friends to keep the government’s grubby hands off their money, but Mediabistro‘s Vegas Bitcoin conference is going on right now, so we’re game.

The rest of the mainstream media has apparently decided that the trend must now be taken quite seriously as well, which leaves room for UK firm Pressat to announce its status at the first PR group to accept Bitcoin as payment.

Why is this a story?

Read more

A New Trend in Successful Startup Pitches: Anonymity!

Given recent reports about the NSA‘s ability to foil pretty much any form of privacy encryption/ protection on the Web and the lengths to which Americans go to (unsuccessfully) erase their digital footprints, we’re not surprised to learn that startups promising online anonymity have been doing quite well on the fundraising and earned media fronts.

Beyond the success of Snapchat and Bitcoin, tech writers and investors are paying more attention to “anonymous” apps and networks like Spraffl, The Story Vine, PriveyoDuckDuckGo and, most recently, Whisper. This app, which just raised a good bit of money, gives users the power to share photos and text completely anonymously with a growing digital community that’s interested in this sort of thing. Sounds like a high school goth message board to us, but we get the “morbid curiosity” angle.

What we’re saying is: this theme would make a great topical pitch to any major tech or business publication. Hint, hint.