Bitcoin's development plagued by scandal and speculation

Several sensational scandals in the United States and abroad have increased U.S. and foreign governments' scrutiny of bitcoin, an expanding digital currency that critics say is ripe for criminal abuse.

Bitcoin lets users avoid censorship

In his graduation research, computer science student Krzysztof Okupski has developed software to encrypt messages with the Bitcoin network. Using his software, it costs around 50 cents to send an A4 page of text. This easily ...

Virtual money and user's identity

Bitcoin is the new money: minted and exchanged on the Internet. Faster and cheaper than a bank, the service is attracting attention from all over the world. But a big question remains: are the transactions really anonymous?

In the web's hidden darknet, criminal enterprise is thriving

Criminals have always done their best to use new technology to their advantage and the rapid development of new digital technologies and online markets has provided the criminal entrepreneur with as much opportunity for innovation ...

A forced PIN for all credit cards won't stop the biggest fraud

Put the pen away when you next take out your credit card as from tomorrow (Friday August 1) Australians will no longer be able to use their signature when completing a transaction in a store. It's PINs only from now on, although ...

Bitcoin 'mining pool' promises to stay small

The largest group of bitcoin miners, which maintains and processes transactions in the digital currency, is promising to avoid majority control of the currency as a temporary measure to maintain the payment system's credibility.

Probing Question: What is Bitcoin?

In 1729, when he was 23 years old, Benjamin Franklin authored a pamphlet titled "A Modest Inquiry into the Nature and Necessity of a Paper Currency." The revolutionary idea he advocated? Paper money printed and controlled ...

US Supreme Court tosses 'abstract' software patent

The U.S. Supreme Court on Thursday tossed out an Australian company's patent for business software in a decision that clarifies standards for awarding patents, but not as much as some firms had hoped.

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