Tag Archive: Digital currency

BitcoinsUnusual project have launched in London recently, the project offers a secure and insured storage of virtual money Bitcoin.

The company Elliptic Vailt, which launched the project, stores virtual money (its private encrypted keys) on servers that do not have access to the Internet and the equipment is located in some kind of secure storage.

The company offers the insurance against theft and loss, so even there will be unpredictable losses, the insurance will cover everything.

Recently, a few hacker attacks were registered whose purpose was to steal virtual money Bitcoin. The problem of Bitcoin is that stolen virtual cannot be recovered in any way as all transactions are technically irreversible. Furthermore, Bitcoin has no central controller, so in case of loss of the digital wallet a user has no one to appeal to solve the problem. Continue reading

Bitcoin ExchangeExchange Mt. Gox, which takes 80% of all exchange transactions in a pair of USD-BTC and 70% of total trade Bitkoin in the world, suffered in the morning on April 4 powerful DDoS-attack.

Many traders are faced with delays of transactions or not to go to the site.

Representatives of Mt. Gox believe that the attack was organized to cause panic in the market and thus bring down the rate Bitkoin, then buy a large amount bitkoins on the cheap. Crypto-currency is growing at an unprecedented pace and is already trading at 130 – 140 dollars for a single “coin.” Increased dramatically and the number of registrations of new traders on the exchange – if last year MtGox.com registered about 10,000 new users per month, in March, there were already 60,000, according computerworld.com. Continue reading

BitcoinDigital currency Bitcoin has recently attracted a lot of attention for obvious reasons: the course BTC two months rose from $ 20 to $ 105, while the European Union are discussing whether to apply the experience of Cyprus in other countries, where the crisis situation develops.

Some believe that the partial withdrawal of the deposits of the population – is a normal method of the public debt, something like the income tax. BusinessWeek magazine recently wrote that, in such circumstances, Bitcoin may be the last haven for the savings of personal finance. Continue reading

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