Last updated on March 17th, 2015 at 04:22 pm
Bitcoin Trademark for Sale for 580,000 Pounds
Sometime ago the heads at Mt. Gox decided to trademark the term “Bitcoin.” When they did so they were looking to protect against opportunists who might try to trademark the term just to make money. Unfortunately, the plan appears to have backfired. With Mt. Gox going through bankruptcy, the company overseeing the proceedings is now looking to sell the trademark, and they seem to think it is worth a lot of money. Indeed, the trademark could be very valuable and if bought by the wrong party, the implications could be huge for the Bitcoin community.
Report Claims that a “Bot” Manipulating Bitcoin Prices on Mt. Gox
Mt. Gox may have gone under, but that hasn’t stopped people from examining the former exchange very closely. The so-called “Willy Report” claims that a “bot”, or automated software program, was actually behind Bitcoin’s massive rise in price. The report also speculates that the creator of the bot may have also been behind the recent theft of Bitcoins on Mt. Gox. Apparently, the Bot may have facilitating the purchase of over $100 million dollars worth of Bitcoins, sending prices sky high last fall. So far the report has not been verified by outside parties, but is sure to become a point of controversy.
“Bitcoin Jesus” Offers Bounty On Extortionists
Not long ago Memory Dealers CEO Roger Ver, AKA Bitcoin Jesus, found himself facing a sort of dilemma. Some hackers had broken into an old email account and found some social security account information and other data. The hackers then communicated Mr. Ver and demanded a ransom of $20,000 dollars, a considerable sum. Mr. Ver, however, flipped the tables and put a “bounty” on the hackers with a reward for information leading to their arrest. The hackers quickly tried to calm Mr. Ver down but it was too late.
Bitcoin Mining Bot Hits Thousands of Gamers
In order to mine Bitcoins, you need computing power. One way to get a lot of computing power is to network together a large number of computers and have them all work together to mine Bitcoins. This is how many Bitcoin mining pools work. Hackers, however, have been trying to infiltrate computers and to steal their computing power to mine Bitcoins. Apparently a hacker was able to scam computer users who themselves stole an early leaked copy of the game “Watch Dogs” by inserting a bot into the software. Well, I guess what goes around comes around, doesn’t it?
European Central Bank Leader Takes a Swing at Bitcoin
Yves Mersch, who sits on the board of the European Central Bank, has slammed Bitcoin. Specifically, the board member cited wild swings in exchange rates as one of the principal reasons Bitcoin cannot succeed. The rash of thefts and hacker attacks were also cited as a reason why Bitcoin would fail. Meanwhile, the Bitcoin community remains small and only a few business accept the currency. Of course, Bitcoin members have heard all of these criticism before and have shrugged them off.