The Bitcoin drama continues: another exchange shuts down, while Overstock reports over $1 million in Bitcoin sales
It’s been one big roller coaster ride for Bitcoin these past few weeks, with the Mt. Gox exchange shutting down and filing for bankruptcy following a large-scale hack, not to mention questions about the legality of the virtual currency. Just a week after Mt. Gox went dark, another exchange called Flexcoin is also shuttering, apparently due to hackers who robbed more than $600,000 in bitcoins. That amount pales in comparison to the $425 million stolen from Gox, but it points to ongoing security issues that fall outside of the Federal Reserve’s regulation.
In the midst of this bad news, online retailer Overstock announced that it’s processed more than $1 million in purchases made with bitcoins. One of the first major companies to embrace the currency, the site has accepted Bitcoin since early January, and it reports that more than 4,000 — mostly new — customers have chosen this form of payment. Overstock CEO Patrick Byrne told The Wall Street Journal he expects purchases made with bitcoins to top $10 million this year, but the Mt. Gox (and, now, Flexcoin) hacking will likely have some customers and would-be Bitcoin users second-guessing the currency’s safety. Bitcoin is a saga if there ever was one, so expect more news in the coming weeks.
Filed under: Internet
Source: Flexcoin, The Wall Street Journal
BlackBerry 10 finally gets its own Microsoft OneDrive app
If you worship at the BlackBerry altar and are in dire need of a cloud storage service that isn’t Dropbox, Box, or Mega, today’s your lucky day. Now you can dump your files in Microsoft’s OneDrive by way of a newly released BlackBerry 10 app. Like the Android and iOS versions before it, this OneDrive app lets you automatically upload your photos and videos as well as share your files with farflung cohorts. Just be mindful of your limits: OneDrive (which went by ‘SkyDrive’ before Microsoft got hit with a lawsuit) offers up 7GB of free storage to new users. That’s still better than the 2GB that Dropbox gives away gratis, but Box and Mega offers 10GB and 50GB of free space, respectively. Choose wisely… or sign up for all of them and surrender yourself to the cloud.
Filed under: Mobile
Via: CrackBerry
Source: BlackBerry World
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