In a makeshift office - a living room crowded with desks, monitors and a beanbag chair - programmers are hacking away on computers, aiming to make their mark on the multibillion-dollar financial services industry.
A California venture capitalist announced Wednesday he won the US government auction of bitcoins, and plans to use them to help emerging economies that are "hamstrung by weak currencies."
The bitcoin world kicked into high gear Friday as the US government began auctioning some of the virtual currency seized in an FBI investigation of dark Web bazaar Silk Road.
The U.S. Marshals Service said Thursday it will auction roughly $18 million in bitcoins seized last fall from Silk Road, a website that was effectively the eBay of illegal drugs.
It is one of the world's longest railways—an approximately 11,000-kilometre "modern-day silk road" that traverses Russia and Kazakhstan to link a megacity in the heart of China with a key commercial hub in western Germany.
A gang of cyber criminals using an army of infected computers made off with at least $220,000 worth of Bitcoins and other virtual currencies, security researchers said Monday.
Police have seized Dutch online bazaar Utopia, a site similar to the infamous Silk Road for trading illegal goods, and arrested five suspects, the Dutch public prosecutor said Wednesday.
The Internet entrepreneur accused of being the mastermind behind an online marketplace for illegal drug sales called the Silk Road was scheduled Friday to go on trial in November.
The man accused of donning the mantle of the "Dread Pirate Roberts" to run the Silk Road online black market bazaar pleaded not guilty Friday to drug and money laundering charges.
US authorities Monday filed criminal charges against two operators of a Bitcoin exchange, including the head of a company with high-profile investment backers.