Tag Archives: Drug Enforcement Administration

About 701 days ago Computer Security | Data Security | Internet and Online Business | Network Security

Bitcoin Currency Exchange Hacked

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Though its seems a bit suspect, we won’t comment on the confluence of events that might spell the end of Bitcoin, the open-source, peer-to-peer digital currency. Venture Beat is reporting that Mt. Gox, a popular Bitcoin exchange was hacked, just a little over a week after U.S. senators Charles Schumer and Joe Manchin pressed Attorney General Eric Holder and the DEA to move on the company, amid allegations that the digital currency is being used to support black market drug trade. READ MORE »

About 712 days ago E-Commerce | Internet and Online Business

Senators Urge Crackdown on Digital Currency

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It’s been said that supermodel Gisele Bundchen once demanded to be paid in Euros when the U.S. dollar began sliding. If it’s true, then maybe she was on to something. According to Tom Cheredar at Venture Beat,  the threat of a digital currency like Bitcoin competing with other national currencies could become real. Bitcoin, uses peer-to-peer technology, so there is no paper trail, and no banks involved, making it that much more difficult to track  illegal activity. READ MORE »