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Enlarge ImageArvind Krishna, a senior vice president at IBM Research Stephen Shankland/CNET Bitcoin has a bad rap as the preferred currency of drug dealers. But that isn't stopping IBM and some of the world's most conservative businesses from tapping into its technological underpiings. Specifically, Big Blue is interested in the blockchain -- the mechanism Bitcoin uses to publicly record transactions. Today's businesses each have their own records, slowing transactions and triggering problems figuring out who's right when there are disagreements. But the blockchain approach is more cooperative by providing ...

A hacker got away with roughly $72 million worth of bitcoin. Getty The hits continue for bitcoin owners.After Bitfinex revealed this week that a hacker made off with 119,756 bitcoin (about $72 million), the digital-currency exchange said Friday it is interested in a "socialized loss.""We are leaning towards a socialized loss scenario among bitcoin balances and active loans to BTCUSD positions," the company said in a blog post, noting that it has not made a final decision and that more details will be available Saturday. BTCUSD stands for Bitcoin/US dollar.In a socialized loss scenario, a company typically exp...

The craziest thing about bitcoin is how commonplace it is.The digital currency, introduced in 2009 and now accepted by more than 100,000 merchants worldwide, can buy you just about anything, from a high-tech gadget, which you might expect, to an ice-cold beer, which you might not. We've rounded up 25 of the most surprising things that'll tempt your bitcoin wallet. Some are extraordinary, and some are extraordinarily ordinary. Let's block ads! بخوانید...