Bitcoin - Virtual currency

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FBI fears Bitcoin's popularity with criminals
There's reportedly $35 million-44 million worth of Bitcoin in circulation.

The FBI sees the anonymous Bitcoin payment network as an alarming haven for money laundering and other criminal activity—including as a tool for hackers to rip off fellow Bitcoin users.

That’s according to a new FBI internal report that leaked to the Internet this week, which expresses concern about the difficulty of tracking the identity of anonymous Bitcoin users, while also unintentionally providing tips for Bitcoin users to remain more anonymous.

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Bitcoins worth $87,000 plundered in brazen server breach
Unknown hackers broke into Bitcoinica, a site that trades the virtual currency.

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pr0n, gambling, and malware: Bitcoin as the 'Net's Wild West
A year after the bubble popped, we check on the cryptocurrency's progress.
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But since it hit bottom late last year, the cryptocurrency has defied skeptics (including me) who predicted it would prove to be a passing fad. The currency regained some of its lost value, and the price has become much more stable in recent months. In the last three months, the value of a Bitcoin fluctuated in a narrow band from $4.50 to $5.50. As this is being written, the currency has just hit a three-month high of $5.60.
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Bitcoin price soars above $9 for the first time in almost a year
The currency's value has soared 40 percent in the last month.

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Study estimates $2 million a month in Bitcoin drug sales

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Bitcoinica users sue for $460k in lost Bitcoins
A complaint filed in SF accuses the trading platform of breach of contract.

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The Bernie Madoffs of Bitcoin? As virtual trading heats up, promises of profits skyrocket

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BitInstant reportedly launching BitCoin credit card within two months

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Why Bitcoin lives in a "legal gray area"
Bitcoins don't fit well into current law; some politicians want to change that.

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Suspected multi-million dollar Bitcoin pyramid scheme shuts down, investors revolt
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On August 17, pirateat40 announced the closure of Bitcoin Savings & Trust, a virtual hedge fund that promised to pay high rewards to investors who parked their Bitcoins there. Ten days later, investors are still waiting to get paid and pirateat40 is on the defensive. "When I know, you will," says his away message in the fund's official chat room, an effort to quiet the loudening chorus of, "WHERE ARE MY BITCOINS?"
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