Bitcoin Foundation - News, Features, and Slideshows

News

• New Bitcoin Foundation chief eyes crowdfunding

  The newly appointed head of the Bitcoin Foundation, a group that promotes development of the digital currency, believes crowdfunding is one part of the solution for its troubled finances.

• Bitcoin Foundation hit by big bitcoin losses

  The Bitcoin Foundation, formed in 2012 to promote the virtual currency, has rejected claims by a board member that it's bankrupt but has acknowledged significant financial problems -- ironically as a result of a big drop in the value of its bitcoin holdings.

• Bitcoin Foundation said to be out of cash

  The Bitcoin Foundation, an organization that promotes development of bitcoin, is "effectively bankrupt" and has shed most of its staff, a member of the foundation's board of directors has said.

• Bitcoin's backers know they need to win you over

  Bitcoin's popularity is growing, but even its biggest backers say it has a mountain of problems to overcome in gathering wider appeal.

• Bitcoin bank Flexcoin shuts down after massive theft

  Flexcoin, a site that described itself as the "world's first bitcoin bank," has closed after it got hacked and all of the bitcoins it had placed in online storage were stolen, the site recently announced.

• Class-action suit charges Mt. Gox with fraud, seeking the return of users' bitcoins

  A class-action lawsuit has been filed against the Mt. Gox Bitcoin exchange and its owner Mark Karpeles, seeking damages in the hundreds of millions of dollars and the return of bitcoins to users whose accounts were frozen on the site.

• Lawmaker seeks US ban on Bitcoin

  Bitcoin's wild volatility, and its ability to facilitate crimes such as money laundering, make it dangerous to Americans and it must be banned, U.S. Senator Joe Manchin said Wednesday.

• Bitcoins, other digital currencies stolen in massive 'Pony' botnet attack

  Cybercriminals have infected the computers of digital currency holders, using a virus known as "Pony" to make off with account credentials, bitcoins and other digital currencies in one of the largest attacks on the technology, security services firm Trustwave said.

• Mt. Gox quits Bitcoin Foundation board

  Major Bitcoin exchange Mt. Gox has quit the Bitcoin Foundation's board of directors, the foundation said.

• For the Bitcoin app builder comes a handy new tool kit from BitPay

  Bitcoin developers tired of working with clunky APIs to build their apps have a new option that goes straight to the source.

• Bitcoin Foundation blames Mt. Gox for Bitcoin's troubles

  A problem identified by Mt. Gox as a bug in Bitcoin software is actually a longstanding technical issue Mt. Gox should have prepared for, the Bitcoin Foundation said Monday.

• What's 1 bitcoin worth? Ask Bing

  Bing is highlighting bitcoin currency conversions at the top of its search results, the Microsoft-owned search engine said Monday.

• Trial for alleged Silk Road creator Ross Ulbricht set for November

  Ross Ulbricht, the alleged creator of the Silk Road online black market, will go to trial in November and be held until then without bail, the U.S. Department of Justice said Friday.

• Bitcoin takes a dive as Mt. Gox, a major exchange, suspends withdrawals

  Bitcoin's value declined sharply Friday, just as Mt. Gox, an online exchange for buying and selling the digital currency, announced that it was temporarily suspending withdrawals.

• Alleged Silk Road creator indicted on 'kingpin' charges in New York

  Ross Ulbricht, alleged creator of the online black market Silk Road, was indicted in New York Tuesday on narcotics, money laundering and so-called "kingpin" charges, and faces up to life in prison.