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BitFloor, one of the biggest Bitcoin currency exchanges, has been taken offline after 24,000 units ($250,000) of the virtual currency were stolen from its computer servers

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...or’s founder, Roman Shtylman, said he had kept unencrypted “keys”, which the thief accessed and used to take the money. BitFloor’s future is now in doubt. Roman Shtylman said his New York-based service was the biggest of its kind in the US and the fourth largest in the world. BitFloor, one of the biggest Bitcoin currency exchanges, has been taken offline after 24,000 units...

Bank of America saved by Warren Buffet

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...of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.   Forward-Looking...

Political change within days in Greece may mean the country has to ultimately leave the euro

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...1; Political change within days in Greece may mean the country has to ultimately leave the euro The new currency would then be introduced on a one-to-one exchange with the old, he says, but at some point the capital controls would be lifted and the new currency would sharply devalue. This is what happened during Argentina’s economic crisis at the turn of the century. When the banking system...

J. Russell George, the Treasury inspector general for tax administration, testified alongside ousted IRS head Steven T. Miller

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...at Jim McDermott, a reliable liberal partisan, acknowledged that “the IRS stiff-armed us, basically, at best”, in past testimony, but defended the agency’s behavior. Tax “examiners took a shortcut”, in the face of a flood of new applications for tax-exempt status, he said, “which they deeply regret”. Still, he conceded that it was wrong to treat groups differently because of their political...

MtGox has been hit by technical issues and recently halted all customer withdrawals of Bitcoin

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...lt withdrawals had resulted in a sharp decline in the value of Bitcoin. “This tragic violation of the trust of users of MtGox was the result of one company’s actions and does not reflect the resilience or value of Bitcoin and the digital currency industry,” the exchanges, including Coinbase and BTC China, said in a statement. “As with any new industry, there are certain bad...

Nina Davuluri has become the first Indian-American to win Miss America contest in its 92-year history

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...my supporters and said things I never agreed with, nor supported,” Nina Davuluri wrote. “I was never a part of the words or statements that may have been hurtful… I’m sorry if someone said something that was inappropriate.” A representative for Mallory Hagan said that the situation was investigated in July and that there is “no validity to the story whatsoever”. “Miss New York spoke t...

The map shows where the warheads are (in red), where the civilian nuclear power plants can be found (in green) and the location of labs and nuclear weapons plants (in blue)

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5,113 atomic warheads currently scattered across America and on U.S. submarines around the world, according to Mother Jones magazine. In 2009, President Barack Obama spoke of his hopes to rid the world of nuclear weapons – but clearly progress has been painfully slow since then. The Cold War may have ended a generation ago, but a fascinating new map put together by Mother Jones magazine, sh...

Barack Obama announced that the “best is yet to come” during a moving acceptance speech as the news came that he had been re-elected as President of the United States

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...ecause they knew there was a buddy behind them watching their back. I’ve seen it on the shores of New Jersey and New York, where leaders from every party and level of government have swept aside their differences to help a community rebuild from the wreckage of a terrible storm. And I saw just the other day, in Mentor, Ohio, where a father told the story of his 8-year-old daughter, whose lon...

Al-Qaeda leader Ayman al-Zawahiri has issued a message marking the 12th anniversary of the September 11, 2001 attacks

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...violence that al-Qaeda espoused. However, with the optimism of the past few years fading fast, Ayman al-Zawahiri appears to be hoping that al-Qaeda’s ideology of rejecting democracy and promoting uncompromising violence might be able to gain more of a foothold. Syria remains a key focus for international attention – including for al-Qaeda. Ayman al-Zawahiri warns Islamist opposition gr...

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...be a correction.     I am concerned, and I would like Secretary Snow to comment on this. Do you have a concern yourself about what could happen here? This is a huge amount of debt, a lot of investors, a lot at stake. What happens if mortgage rates go up three points in the next year and the dollar keeps weakening? We have a huge current account deficit, and the currency always goes down when you r...

Jason Elia told national media that he was dumped because his girlfriend couldn't handle the “stress” of having a partner with cancer

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...N 97.5 radio in Houston that he was dumped because his girlfriend couldn’t handle the “stress” of having a partner with a chronic disease and when pushed for the ex-girlfriend’s identity, gave the Twitter handle of Sokhon Sen. The story was quickly picked up by outlets across the country including Fox News, the blog Deadspin and the Huffington Post. Jason Elia even launched a Twitter c...

The map, by the famous cartographer Martin Waldseemuller, is credited with being the first to document and name the newly-discovered land of America

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A copy of a rare 16th century map known as “the birth certificate of America” has been discovered in Germany. The map, by the famous cartographer Martin Waldseemuller, is credited with being the first to document and name the newly-discovered land of America. It had been thought that Martin Waldseemuller had only made four copies, but researchers at a Munich university have now discov...

Coinye West will be launched on January 11

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...ncies like Dogecoin are used for more tongue-in-cheek transactions. One user, posting on Dogemarket, a section on popular link sharing site Reddit, offered Dogecoins in exchange for ideas to name a company. Coinye West will be launched on January 11 “I thought the whole Dogecoin thing was interesting,” said Jeremy Bonney, from virtual currency news site Coindesk. “It grew into s...

Venezuela’s government has announced measures to address the country’s foreign currency crisis and boost the economy

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Venezuela’s government has announced measures to address the country’s foreign currency crisis and boost the economy. Oil Minister Rafael Ramirez says Venezuelans travelling abroad will no longer be allowed to obtain foreign exchange at the official rate of 6.3 bolivars per US dollar. They will have to pay a higher rate, determined by weekly currency auctions. The official rate will be used only...

Cyberthieves who stole more than $250,000 in digital money bitcoins are still sitting on the cash

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...coin exchange in America and the fourth-largest in the world. Roman Shtylman said he was now looking at how best to relaunch BitFloor. “Given the amount of money involved it will take time to solve these problems and find ways to pay people back,” he said, adding that most of the currency traders who used BitFloor were sticking with him. “A lot of people want to see the exchange...

Bank of America has reported a sharp rise in profits for the first quarter of 2013 after it shed costs and set aside less money for bad loans

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...in profits for the first quarter of 2013 after it shed costs and set aside less money for bad loans Bank of America itself plans to have lowered costs by $8 billion by 2015, and it said another $1.5 billion of cost cuts would be in place by the end of 2013. Leaving the one-off gains aside, Bank of America’s income from mortgages and income from trading in the fixed income, currency and comm...

It appears the Washington Post revised the story about Barack Obama’s trip to Africa with no note to the reader about the changes

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...inquiries. Instead, the story now reads that officials said the safari had been canceled in favor of a trip to Robben Island. “When The Post first asked White House officials about the safari last week, they said no final decision had been made,” the story reads. “A White House official said Thursday that the cancellation was not related to The Post’s inquiries.” Spokesman Josh Earnest told the ne...

Alice's Adventures in Wonderland is the story of a girl who disappears down a rabbit hole to a fantastic place full of bizarre adventures

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Alice in Wonderland fans have been marking the 150th anniversary of the fateful boat trip that saw the genesis of the children’s tale. Alice’s Adventures in Wonderland is, on one level at least, the story of a girl who disappears down a rabbit hole to a fantastic place full of bizarre adventures. Charles Dodgson, a mathematician at Christ Church, Oxford, first told his surreal story t...

Bank of America decided to drop the plans to charge a $5 monthly fee for its debit card use in response to complaints from both customers and politicians

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...amp; Co and Wells Fargo & Co decided to cancel test programs for debit card fees, while SunTrust Banks Inc and Regions Financial Corp said on Monday they would end monthly charges and reimburse their customers. After Bank of America announced their debit card fee, Navy Federal Credit Union, the nation’s largest credit union, reported their volume of new account openings was more than 20%...

Kris Humphries gave his first television interview on Good Morning America since his split from Kim Kardashian

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...Humphries said when asked about his proposed annulment from his short-lived marriage. Kris Humphries also revealed that he is not watching himself on the Kardashian’s reality show, Kourtney & Kim Take New York. When asked by the host if it was tough for him to watch himself on the reality show – considering he already knew the ending – Kris Humphries said: “The only things I watch of mys...

Laura Kaeppeler, the beauty queen from Kenosha, Wisconsin, won the Miss America pageant on Saturday in Las Vegas

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...d the winner by a panel of seven judges during a live telecast on ABC. The event was the culmination of a week of preliminary competitions and months of preparations for the titleholders from all 50 states plus the District of Columbia, Puerto Rico and the U.S. Virgin Islands. As the new Miss America, Laura Kaeppeler will spend the next year touring the country to speak to different groups and rai...

Iranian riot police have clashed with protesters in Tehran over sharp falls in the currency

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...ecurity” but he expected them to reopen on Thursday. A protest outside the bazaar started with a small group and then grew, he told the Iranian Labour News Agency (Ilna). One eyewitness, who gave his name only as Omid, said the Sabze Maydon area within the bazaar was closed down and some shop windows were smashed. He said the government had closed the currency exchange shops, hoping to curta...

China’s central bank has cut its benchmark interest rates for the second time in two months

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China’s central bank has cut its benchmark interest rates for the second time in two months, in a bid to arrest slowing economic growth. Benchmark lending rates will be cut from 6.31% to 6%, while deposit rates will fall from 3.25% to 3%. The rate cuts will come into force on Friday and closely follow on from the last cuts made on 7 June. Before these moves, the People’s Bank of China had n...

The US government filed two lawsuits against Bank of America relating to fraud on $850 million of mortgage-backed securities

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The US government filed two lawsuits against Bank of America relating to fraud on $850 million of mortgage-backed securities. The Justice Department and the Securities and Exchange Commission filed parallel suits in North Carolina. Attorney General Eric Holder said the government wanted “justice for those who have been victimized.” Bank of America denied the charges, arguing “th...

Mall of America main entrance

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...litan Stadium. The mall construction on the 4.2 million square foot cost about $650 million. Mall of America, Minnesota When the doors were opened , the shoppers  and visitors could spend their money in more than 500 stores, eat at one of the 50 restaurants and enjoy the nation’s largest indoor theme park. The statistics show that more than 5,500 couples from around the world have excha...