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Gigaom | Why Bitcoin users using Android wallet apps need ...


A flaw in the way Android(s goog) generates "random" numbers has made many Bitcoin wallets hosted on Android smartphones insecure, Bitcoin developers have said.

On Sunday , which is maintained by the crypto-currency's community, warned that any wallet generated by an Android app was vulnerable to theft. Apps such as Bitcoin Wallet and Mycelium Wallet were affected and are...

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Security breach and price crash mark bad start to 2015 for ...


Bitcoin is not having the best start to 2015. Bitstamp, the second-largest USD bitcoin exchange, suspended its operations early Monday morning after discovering one of its wallets has been "compromised". (Update: Bitstamp has confirmed that 19,000 BTC, or $5 million, is missing -- see full note at bottom.)

A Reddit user spotted the problem after trying to send bitcoins to his account, which...

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Gigaom | The Virtual Currency Fight: Offerpal Sues Kickflip

Offerpal Media, a Fremont, Calif.-based startup that links virtual currency from social games to real-world marketing deals , is suing startup Kickflip , alleging breach of contract, misappropriation of trade secrets and unlawful business practices, among other claims, according to court documents. Kickflip, headquartered in San Jose, Calif., is the creator of social games payment engine Gambit .

Offerpal alleges in the suit, which was filed in the Northern California...

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Related topics : virtual world currency / virtual currency market