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    A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets

    Russia bans Bitcoin and other “money substitutes”

    Countries around the world are scrambling to give their official stance on virtual currencies and Bitcoin more specifically. According to Russian officials, “Systems for anonymous payments and cyber currencies that have gained considerable circulation “” including the most well-known, Bitcoin “” are money substitutes and cannot be used by individuals […]

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    Yahoo malware created 2 million “Bitcoin slaves”

    As Bitcoin‘s value continues to rise, hackers have found the virtual currency increasingly enticing and developed sophisticated ways to get their hands on it illegally. Not only by stealing it, but also by illegally “˜mining‘ it. The latest method they have devised is to “˜highjack‘ other people‘s personal computers to […]

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