Bitcoin
Mt. Gox Bitcoin Exchange Set to Resume Operations after Hack
Mt. Gox, a prominent Bitcoin Exchange, plans on resuming operations this morning after the exchange’s account information was compromised over the weekend. The Bitcoin currency exchange temporarily shut down its website after its database, including usernames and insecurely-stored passwords, was hacked. The attacker reportedly sold 100,000 BTC, which represents about 1/13th of all existing Bitcoins, [...]
Bitcoin Exchange Rate Drops 55% in 48 Hours
The massive run-up in the value of Bitcoin may be over. After reaching an all-time high of more than $31.00, Bitcoin’s exchange rate is plummeting. On Thursday, June 9th, Bitcoin was trading consistently between $28.00 and$29.00, however, by the end of the day on Friday that value had dropped to a range of $23.00 to [...]
U.S. Senators Seek Bitcoin Crackdown
Democratic Senators Charles Schumer (D-NY) and Joe Manchin (D-WV) are pressing U.S. Attorney General Eric Holder and Drug Enforcement Administration head Michele Leonhart to crackdown on Bitcoin, a peer-to-peer currency, after reports that users are using Bitcoins to purchase illegal drugs on a website known only as “Silk Road.” The two senators released a copy [...]
Stealing Computing Power from Web Users to Generate Bitcoins
There is real money to be had in generating Bitcoins. If you are lucky enough to mine 50 BTC from the Bitcoin peer-to-peer network, you would be able to sell them for $675.50 at currency exchange rates list on Mt. Gox. Our guess is that the exchange rate will fall after the initial buzz of [...]
A Bitcoin Apocalypse: Possible Scenarios
A few months ago, Bitcoin was an obscure open source project. Since then, it has been featured on hundreds of blogs and prominent podcasts including Security Now and This Week in Start-Ups. CNN even did a piece on Bitcoin. There are now more than 12,500 members on Bitcoin’s forum and a Bitcoin community called We [...]
The Bitcoin Economy
The last half-decade has been marked by financial innovation. Online savings accounts made the interest rates offered by mega-banks look paltry. Peer-to-peer lending companies brought the opportunity to invest in consumer credit to the individual investor and now an open-source project has created an entirely new currency—the Bitcoin. What is Bitcoin? Bitcoin is a digital [...]
P2P lending is heating up! These early companies exploring the platform will be very successful. I'm Impressed 
Did u actually get the funds, is this a payday loan?