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…

Bitcoin Goes to Washington: The Case for and Against Digital Currency

The era of Bitcoin may well be at hand. Not only has its value climbed to all-time highs in recent weeks but, for better or worse, Bitcoin has caught the U.S. government’s attention. The digital cryptocurrency has enjoyed a steady growth in popularity since it debuted in 2009, but recent events, such as the FBI’s…

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…

Despite FBI Bust, Top Silk Road Drug Dealer Lives On

Approaching 10,000 transactions with a nearly flawless customer satisfaction rating, Angelina got evicted (in a sense) from her place of business. Undeterred, Angelina bounced back and found not just one, but two new places to peddle her goods — generic versions of Viagra and Levitra, as well as Propranolol and THC lollipops. Angelina was a…

Romney’s Taxes Hacked? Secret Service Is On It

The hackers who claim to have stolen Mitt Romney’s tax returns — and are holding them to ransom for $1 million in bitcoins — just became the targets of a federal investigation. As we mentioned earlier, the unidentified team of hackers described the theft on Pastebin. That’s the same data-dump website where a treasure trove…

The Silk Road Online Drug Marketplace by the Numbers

The FBI shut down the online drug marketplace Silk Road on Wednesday morning, just a few hours after agents arrested the site’s alleged administrator, Ross Ulbricht. Until then, Silk Road had relatively quietly become what the FBI itself refers to as “the most sophisticated and extensive criminal marketplace on the Internet.” In less than three…

Alleged Silk Road Mastermind Was a Dirty Hippie, Best Friend Says

Before a big physics final at the University of Texas at Dallas, two students blew off steam by playing a racquetball match. The students, both male, agreed the loser would wear a dress to the exam. As he recalled, Jaspreet Sidhu defeated his best friend and roommate, Ross Ulbricht, in the match. That was in…

Mt. Gox to Open Call Center for Disappearing Bitcoin Questions

Image: Flickr, antanacoins Mt. Gox has about 400 million dollars worth of clients’ questions to answer, and it will attempt to do so by opening a call center. The company said the call center would open Monday at 10 a.m. Japan time (Sunday at 8 p.m. ET) in an update posted its website Sunday morning….

4 Alleged Silk Road Meth Dealers Arrested in U.S.

A federal grand jury in Oregon has charged four Portland-area residents with selling methamphetamine through the defunct online black market Silk Road. Prosecutors say the four — Jason Weld Hagen, 39; Chelsea Leah Reder, 23; Richard Egan Webster, 45; and Donald Ross Bechen, 39 — conspired to sell 17 pounds of meth for a total…

Bitcoin Rumor Mill: Another Mt. Gox Hack

Bitcoin Exchange company the Mt. Gox CEO Mark Karpeles attends at a news conference on Feb. 28, 2014 in Tokyo, Japan. Image: The Asahi Shimbun Keeping up with the latest Bitcoin drama can be a time-consuming proposition. The cryptocurrency world has been riddled with considerable disarray since the collapse of the former most popular Bitcoin…