5 Top Bitcoin Alternatives

Bitcoin has generated a ton of buzz the world of cryptocurrencies, but it’s not the only option. We’ve compiled a list of the top alternatives, including open source services, payment systems and digital currencies that can be exchanged for traditional money. 1. Litecoin Litecoin is derived from Bitcoin’s open source code, but has a faster…

Obama Plans for NSA Overhaul and Other News You Need to Know

Welcome to this morning’s edition of “First To Know,” a series in which we keep you in the know on what’s happening in the digital world. Today, we’re looking at three particularly interesting stories. Overstock followed through with its plan to accept Bitcoin as a payment option. A Gmail update just made it a lot…

Google Glass App Lets You Pay With Bitcoins — and Skip the Line

Two of the most-hyped technologies of 2013 merged this week with the introduction of GlassPay, a Google Glass app that lets you pay with Bitcoins. The app, from RedBottle Design, lets consumers scan a UPC of a product in store, assemble a virtual shopping cart and then complete payment with Bitcoins. After that, they can…

Yelp Now Identifies Bitcoin-Friendly Businesses

Image: Flickr, Antana Yelp is going after the cryptocurrency-users-who-lunch demographic. The online reviewing service works as a guide for users looking for local restaurants, bars, services, and attractions. Users submit reviews and information and read what other people post, and businesses supply information to help people find them more easily. People use Yelp as a…

Bloomberg’s Terminal Will Now Track Bitcoins

Financial professionals work at stations on the floor of the New York Stock Exchange in the middle of the trading day May 20, 2010 in New York City. Image: Chris Hondros/Getty Images The dollar, the yen, the peso, the ruble and … Bitcoin. The Bloomberg terminal, the financial services computer system that dominates Wall Street,…

Want to Know How Much Your Bitcoins Are Worth? Just Google It

Image: Flickr, Zach Copley Google’s search engine has had a built-in currency converter for years now, and now it added an interesting addition to the mix: Bitcoin. To find out how much a certain amount of Bitcoin is worth in any currency or vice versa, just Google “X Y to Bitcoin,” where “X” is the…

Bankrupt Mt. Gox Facing Class-Action Suit Over Bitcoin Disappearance

Bitcoin trader Kolin Burges stands in protest outside an office building housing Mt. Gox in Tokyo on Feb. 26, 2014. Image: Shizuo Kambayashi/Associated Press The mountain of trouble that has been piling up for Mt. Gox just got even larger. Once the largest Bitcoin exchange in the world, Mt. Gox shut its digital doors and…

Bitcoin: How the Internet Created Its Own Currency

Bitcoin is a peer-to-peer decentralized digital currency. It differs from traditional, government-backed currencies in that there is no central issuer, and there are no middlemen involved for various transactions. Back in 1998, the concept of crypto-currency was described by Wei Dai on a cypherpunks mailing list. Crypto-currency is an electronic currency that relies on cryptography…

75 Digital Media Resources You May Have Missed

The holiday season is just around the corner — the “season of giving.” Well, let’s call this the “season of buying” because before all that giving happens, you’ll have to find gifts for all those special someones in your life. At Mashable, we’re constantly writing about the newest and coolest knickknacks from the tech world,…

Beyond Bitcoin: Your Guide to Digital Currencies

The way we pay for goods has transformed over the years — from barter to skins, gold-backed currencies to fiat money. In the past couple of decades, however, it has taken another turn: to stateless digital currency. Once the work of science fiction or relegated to in-game monetary systems like Second Life’s Linden Dollars, Tencent…