virtual currency

5 Stories

Look Out Bitcoin, Here Comes Ethereum

New virtual currency is creating a buzz

(Newser) - Bitcoin hasn't quite soared the way many had hoped it would. Perhaps Ethereum will. The virtual currency has gained interest from IBM, JPMorgan Chase, and Microsoft "as a sort of Bitcoin 2.0," reports the New York Times . Created around 2014 by a 21-year-old college dropout, Russian-Canadian... More »

As Feds Sing Praises, Bitcoin Hits Record High

Senators told IRS plans to regulate virtual currency

(Newser) - Bitcoin had a good day yesterday—as did people holding the virtual currency. On some exchanges, it hit record prices of $800 or more after a Senate hearing that saw federal officials praise some of the benefits of digital money, the Wall Street Journal reports. The first-ever congressional hearing on... More »

Bug Is Swiping Android Users' Bitcoins

As New York probes virtual-currency firms' practices

(Newser) - Bitcoin users with Android gadgets, beware: A bug is targeting wallets like yours. The problem hinges on Android's random number generator, which, according to Bitcoin, "contains critical weaknesses that render all Android wallets generated to date vulnerable to theft." Bitcoin Wallet,, BitcoinSpinner, and Mycelium are... More »

Italian Police Investigate Burglary of Virtual Home

Thief steals $140 in furnishings from house in Facebook game

(Newser) - Italian police are investigating a bizarre theft: the complete ransacking of a virtual home. A Palermo woman says a digital thief emptied her seven-room home in the Facebook game Pet Society, leaving only her virtual cat behind. The damage? $140 in payments for furniture, paintings, mirrors, and pet outfits, the... More »

Companies Using Ad Money to Buy Players Virtual Cash

Friend Bing, get a few Farmville bucks

(Newser) - Online advertisers are migrating ever more quickly toward a gold mine of eager, impressionable consumers: gamers on social networks. The preferred ad buy trades some sort of action—watching a video, becoming a fan of the company on Facebook—for a few units of the online currency used in those... More »

5 Stories