After a summer of doldrums in a tight price range, bitcoin this week broke downward and dipped below $500, before bouncing a little above that mark, its lowest level since May.
The CFPB issued an advisory for consumers to be aware of “potential issues with virtual currencies such as unclear costs, volatile exchange rates, the threat of hacking and scams, and that companies may not offer help or refunds for lost or stolen funds.”
Dell SecureWorks identified a total of 19 ISPs affected by the attacks. Data used by Amazon, DigitalOcean and OVH, and other large hosting companies, were compromised between February and May 2014.
Kaspersky’s latest threat report, “IT Threat Evolution Q2 2014”, states that bitcoin mining malware accounted for 14 percent of attacks in the second quarter of 2014. Bitcoin wallet hack attacks represented 8 percent.
U.S. customers can use the virtual currency for all items available on Dell.com, including the Alienware line of products.
Any business essentially buying, selling, or processing bitcoins will have to maintain records of their customers’ names and addresses, and compare the data with the U.S. Treasury’s list of criminal persons or entities, known as “Specially Designated Nationals”.
Venture capitalist Tim Draper, a big bitcoin believer and investor in related startups, came forward Wednesday as the winning bidder in the 27th June auction of roughly 30,000 BTC conducted by the U.S. Marshals Service.
There is an obvious paradox in MasterCard accepting bitcoin through a new “Payment Interchange for Use With Global Shopping Cart”, as the patent is entitled. Bitcoin is the anti-credit card. Bitcoin payments or transfers are mostly anonymous and irrevocable.
The free service is for Intuit customers that use QuickBooks online to create electronic invoices for customers. Merchants can opt to receive payments in either bitcoin (BTC) or U.S. dollars,
The price of the digital currency bitcoin had been fairly stable, and mostly bullish, for weeks until news came this week of the U.S. government’s slated auction of 29,657 ill-gotten bitcoins — which converts to more than $16.6 million based on the current exchange rate.