Bitcoins are becoming more popular as a method of payment online

 

Major Bitcoin theft from website, claims owner

 

A man who ran an online "wallet service" for storing Bitcoins has claimed hackers stole virtual currency from his site worth more than one million Australian dollars.

 

The Australian man said 4,100 Bitcoins (US$1.04m, £650,000) were taken in two separate attacks. He said he would not report the theft to police as Bitcoin transactions are virtually impossible to trace. This has led some users to speculate whether it was an "inside job".

 

In a radio interview with ABC News the man, who only used his online name TradeFortress, denied being involved. The Bitcoin virtual currency is increasingly used to pay for things online.

 

According to the Sydney Morning Herald, the theft occurred on 26 October but users were only alerted this week via a message he posted on the wallet service's website.

 

"I know this doesn't mean much, but I'm sorry, and saying that I'm very sad that this has happened is an understatement. Please don't store Bitcoins on an internet-connected device, regardless if it is your own or a service's."

 

Bitcoin is the most well known of a handful of virtual currencies. The currencies are developed through a computer process called "mining" and can be traded on exchanges or privately between users.

 

http://www.bbc.co.uk/news/technology-24871444

[ame=http://www.youtube.com/watch?v=RU5KfTSUFDA]BITCOIN Bank HACKED! $1.1 MILLION worth of CYBER-CURRENCY Stolen! - Still safer than FED notes - YouTube[/ame]

Oh dear

wow... I guess this is the money they use to pay for illegal stuff on the black internet or "deep web".

And also pizza

Why can't everything just be one currency? Everybody seems to be creating new currencies everyday nowadays! :/

I wonder what it'd be like to have one currency.

I would call it the "Nick" ;)

 

I'm looking at my CC statement for some of the purchased made in Canada on my credit card and the mastercard conversion rate varies from 1.6583 to 1.6705, still better than the rate I would have gotten if I purchased cash (1.60 if I was lucky) Those cents soon add up.

The pound is kicking ass. I think it's the most valuable currency right now? Which is kinda ridiculous because of the amount of printing the BOE has done in the last 5 years.

That's against the Canadian dollar not the US dollar.

 

Not as strong as it was a few years ago when it was 2 US dollars to a pound.

Isn't the Canadian dollar almost equal to the US dollar now? But yeah, it's still very high.

From xe.com

 

1 US dollar is currently worth 1.04405 Candian dollars.

 

1 GBP is currently worth 1.61235 US dollars (and 1.68337 Canadian Dollars)