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Hackers Steal $5M In Bitcoin During Bitstamp Exchange Attack 114

itwbennett writes: After a weekend hack forced the Bitcoin exchange Bitstamp to shut down, Bitstamp has revealed that $5 million worth of bitcoin was stolen during the attack. And that's not all the bad news for Bitcoin this week: Canadian Bitcoin exchange Vault of Satoshi announced it is is no longer accepting new deposits and will close Feb. 5. But in this case the operators are pursuing new business opportunities, saying in a post that the shutdown "has absolutely nothing to do with insolvency, stolen funds, or any other unfortunate scenario."

Will Ripple Eclipse Bitcoin? 144

First time accepted submitter writes This year's biggest news about Bitcoin may well turn out not to be the repeat of its surge in value last year against the dollar and other state currencies but its impending eclipse by another independent but corporate-backed digital currency. Popularly known as Ripple, XRP shot up in value last year along with other cryptocurrencies that took advantage of the hype around Bitcoin. However, among the top cryptocurrencies listed in, a site that monitors trading across different cryptocurrency exchanges, Ripple is the only one that not only regained its value after the collapse in the price of Bitcoin but has more than doubled from its peak last year. In September it displaced Litecoin to become the second most valuable cryptocurrency. Even more surpising, a Ripple fork, Stellar, is one of the two other cryptocurrencies in the Coinmarketcap top ten that have risen sharply in value during the last few weeks.

What makes Ripple different from Bitcoin? Strictly speaking, Ripple isn't the name of the digital currency but of the decentralized payment network and protocol created and maintained by the eponymous Ripple Labs. Users of the Ripple system are able to transact in both cryptocurrency and regular fiat currency like the dollar without passing through a central exchange. XRP is the name of the native unit of exchange used in the Ripple network to facilitate conversion between different currency types.

Bitcoin Inventor Satoshi Nakamoto Could Actually Be Group From Europe 186

An anonymous reader writes "Bitcoin creator Satoshi Nakamoto could be a group from Europe which has a strong footing in the financial sector. From the article: 'Josh Zerlan, the Chief Operating Officer of Butterfly Labs and a person familiar with the Bitcoin network, has said it is highly likely that Nakamoto could be a group of people working the financial sector. Speaking to IBTimes UK on the sidelines of a Global Bitcoin Conference in Bangalore, India, Zerlan said: "One of the prevailing theories, I think has credibility, is that it was some group of people from financial sector that created this. They released it and stepped back and let it go. So, Satoshi Nakamoto is a group of people, I think, is a reasonable possibility."'"

You have a massage (from the Swedish prime minister).