Reddit scores a $50 million funding round. LinkedIn leaning more heavily on Pulse. These stories, and more, in today’s Morning Social Media Newsfeed.
Bitcoin has often been called a ponzi scheme, but this time, the SEC is punishing an individual who defrauded investors of $149 million.
We’ve got the answers to your crypto-currency questions, plus a new organization to help make sense of it all.
Sophisticated cyber-criminals are using technology to advertise their wares on Instagram.
Virtual currency exchange Vircurex says large fund withdrawals over the past several weeks have led to a “complete depletion” of funds.
MtGox says it found 200,000 Bitcoins in an old-format online wallet and has updated its software to prevent so-called transaction malleability attacks that led to its bankruptcy filing.
The hackers accessed a massive database and 716 megabyte file detailing over a million trades, among other things, and posted it to Karpeles’ personal website.
The Bitcoin Foundation addresses the recent media frenzy over the currency’s creator: “[Bitcoin is] ultimately controlled by no one.”
Two distinct schools of thought have emerged about Bitcoin: It is a stable and decentralized currency or it’s a junk fiat currency.
After shutting down this week to “protect the site” and its users, the MtGox Bitcoin exchange announced this morning that it’s officially filing for bankruptcy protection.