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…

Is Bitcoin Really Illegal in Thailand?

Earlier this week, Thailand’s national bank ruled Bitcoin illegal. The news came as a shock to many who use the virtual currency, especially those who are not Thai, and the ruling left people wondering: Can the bank make laws? The answer is “yes and no.” Bitcoin exchange services in Thailand weren’t actually declared “illegal,” per…

Silicon Valley Notables Invest in Korea’s Largest Bitcoin Exchange

MIke Caldwell mints physical versions of bitcoins in his shop in Sandy, Utah, on April 3, 2013.Image: Rick Bowmer/Associated Press South Korea has been one of Bitcoin’s quieter markets in terms of media coverage, but that could change now that several prominent Silicon Valley investors have provided seed funding to Korbit, a Korean bitcoin startup….

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…

Research Shows 2014 World Cup Ball Will Be Less Unpredictable

Image: Adidas There are now fewer than six months to go until the biggest sporting event of 2014 — the FIFA World Cup in Brazil — and questions are being asked. Will the stadiums be ready? Are the airports ready for the crowds? But one matter rises above all others — and may have an…

China Now Has 300 Million 3G Subscribers

All three of China’s mobile telcos have just released their May figures, and the huge mobile market has hit another significant milestone: It has surpassed 300 million 3G users. China Mobile now has 129.40 million on its TD-SCDMA network despite it not supporting Apple’s iPhone or iPad for full 3G functionality, China Unicom is now…

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…

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….