Undoing the Undoable: Bitundo - Doublespending Bitcoins as a Service
Undoing the Undoable. One of the many long standing truths about bitcoin is the permanent nature of all send transactions. Once you've hit send, there is no way to stop it. Right? Wrong says new start-up BITUNDO who claims that they can at least attempt to get your errant payment back to the original sender. Yes, contrary to popular belief, your mistakes might not be mistakes forever. Remember that a transaction is not technically confirmed until it is secured in a block and as part of the blockchain. Until it is secured in the blockchain and confirmed for the first time, technically no....
Related News
Most of the times I introduce bitcoins to people who don't know about it, they invariably reply: "Where could I use them?" I would usually reply "at any merchant that accepts bitcoins." But now I'm able to reply "Anywhere". The next question most people ask is "But where do I get bitcoins in the first place?" I'd usually mention localbitcoins or Coinbase. But now I'm able to tell them about Brawker. Brawker is proxy buying service that allows you to both buy bitcoins and purchase anything on the internet using bitcoins with a guaranteed discount, just for using bitcoins. Here's how it....
CoinWallet, an online bitcoin and multicoin wallet service has announced the closure of its services. The announcement cites a recent data breach that struck the wallet and bitcoin services provider on April 6, 2016. Online multicoin wallet service Coinwallet is shutting down its services following a recent data breach. Although the extent of the breach hasn’t been determined, the incident led CoinWallet management to conclude that recovery and realigning costs would not be feasible, thereby announcing the closure of the service in its entirety. The announcement also leaves no reason to....
While the current system is contributing to increasing inequality, Bitcoin serves to benefit everyone equally and promote fair competition.
The U. S. government has announced a final auction to sell bitcoins seized during the arrest and subsequent prosecution of Silk Road creator Ross Ulbricht. The U. S. Marshals Service are auctioning off the last batch of bitcoins seized from Darknet drug market Silk Road. The Marshalls Service released a statement pointing to the sale of 44,341 bitcoins, a little over USD $10.6 million in today's exchange rates. "These bitcoins were held in wallet files that resided on certain computer hardware belonging to Ross William Ulbricht, that were seized on or about October 24, 2013," the notice....
Some new information is surfacing with regard to the highly-publicized bitcoin auction held by the United States Marshals Service (USMS) last week. That auction ran for twelve hours from 6am - 6pm. We're learning via a CoinDesk report that the USMS has announced that a single bidder has claimed all 29,656.51306529 bitcoins, which were made available in nine blocks of 3,000 coins, and one block of 2,656.51306529 bitcoins. The Service said the following in a Tuesday statement: The US Marshals Bitcoin auction resulted in one winning bidder. The transfer of the bitcoins to the winner was....