Tag Archives: Bitcoin

Bitcoin burglars hit the West Country

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It was only a matter of time before the first cryptocurrency hold-up occurred – and now it has. The sleepy South Oxfordshire village of Moulsford was stunned when four masked robbers broke into the house of Bitcoin trader Daniel Ashton brandishing firearms. They threatened his girlfriend and baby, forcing him… Read more »

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Hackers hit Japanese bitcoin exchange

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Attackers have stolen over half a billion dollars worth of digital currency from Coincheck, a leading Tokyo cryptocurrency trading exchange. The exchange has responded by suspending the withdrawal of virtually all digital currency and has alerted Japan’s Financial Services Agency and the police. This attack is not without precedent. Four… Read more »

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Once bitcoin, twice shy

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Bitcoin exchanges are proving to be particularly vulnerable to cyber theft and many of them do not appear to have the capital reserves to offer compensation to their customers. Ironic though it may seem, seeing as Bitcoin has been for a long time lauded as a secure transaction platform, it… Read more »

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Value of Bitcoin drops due to technical issues

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Bitcoin’s value has dropped sharply after one of the largest trading exchanges said there was a flaw in the virtual currency’s underlying software. MtGox said it had halted transfers to external Bitcoin addresses on Friday after detecting “unusual activity”. It said an investigation had revealed it was possible for thieves to… Read more »

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Bitcoin storage service launched in London

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A Bitcoin storage service that is insured against the loss and theft of the digital currency has launched in London. Elliptic Vault uses “deep cold storage”, where private encrypted keys to bitcoins are stored on offline servers and in a secure location. The copies are accessible only via a hanful of Elliptic’s… Read more »

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Bitcoin value halved thanks to China’s restriction on exchanges

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After hitting an all-time high in November 2013, digital currency bitcoin has fallen to less than half the value it was recently trading for. This drop in value comes after reports that China has attempted to restrict trade in the virtual currency. BTC China has said that local payment companies… Read more »

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Missing hard drive containing 7,500 Bitcoins is buried on landfill site

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Docksway landfill site in Newport, Wales, has a hard drive buried amidst the mud and refuse which contains a ‘digital wallet’ worth an estimated £4m. Owner James Howell threw out the hard drive from his defunct Dell laptop, which broke when he spilled lemonade on the machine, when he was… Read more »

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