News on Bitcoins: Wikipedia Raises $140,000 in One Week Through Bitcoins

The Wikimedia Foundation, the non-profit that owns and curates noted online encyclopedia Wikipedia, has received more than $140,000 in bitcoin donations since it began accepting contributions in the digital currency last week.

The news follows the announcement of the organization’s partnership with California-based payments processor Coinbase to accept bitcoin on 30th July, a development that was widely seen as a validation of bitcoin’s potential to impact non-profit fundraising.

Coinbase revealed the fundraising milestone in a new blog post, saying that the $140,000 – an amount worth approximately 237 BTC – is a sign that bitcoin and the open-source site will continue to prove to be a powerful combination.

News on Bitcoins

The company added: “We were particularly excited to enable the Wikimedia Foundation to accept bitcoin donations because we feel that the decentralized, inclusive nature of Wikipedia is well aligned with bitcoin and we wanted to help the bitcoin community contribute to the democratization of information.”

The Wikimedia Foundation had been internally discussing the addition of a bitcoin donation option for months as grassroots support within its community grew. Notably, Coinbase announced on 1st August that it had dropped all processing fees for the non-profits it serves, including the Wikimedia Foundation.

In the past, the Wikimedia Foundation has said that the decision was made only after strong internal debate about the legal and financial implications of doing so. The company previously said: “Using Coinbase, a bitcoin exchange, we’re able to immediately convert bitcoin to US dollars, requiring minimal technical implementation on our end. Since we now also have guidance on how to account for bitcoin, there is a clear understanding of how to legally manage it.”

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Apple Marks September 9 As Probable iPhone Launch Date (NASDAQ AAPL)

The iPhone 6 is now expected to be unveiled on Sept. 9. Several sources report that Apple Inc (NASDAQ AAPL) has scheduled an event for that day. However, there is no particular source, and it doesn’t seem like any reporters have received invitations for an event. Although Apple isn’t officially saying it’s the iPhone 6 event, it seems logical as the timing is about right. … Continue reading Apple Marks September 9 As Probable iPhone Launch Date (NASDAQ AAPL)

Bitcoin A Major Target In Financial Malware Attacks

Security firm Kaspersky Lab has found that bitcoin is the target in more than one fifth of all malware attacks aimed at victims’ money. According to Kaspersky’s latest threat report, entitled ‘IT Threat Evolution Q2 2014’, bitcoin mining malware accounted for 14% of attacks in the second quarter of 2014, while bitcoin wallet stealers accounted for 8%.

Keyloggers, which can be used to compromise both bitcoin and banking services, also made the list, with 4% of all attacks attributed to various forms of key logging malware. Traditional banking malware still leads the way with 74%, but considering the size of the bitcoin economy it is clear that bitcoin users and operators face a significant likelihood of being subjected to an attack.

Although the figures are disturbing, the relative number of bitcoin-related malware attacks has actually gone down since Kaspersky’s last annual report. In the 2013 report, bitcoin wallet stealers accounted for 20.18% of all financial malware attacks, while mining malware accounted for 8.91%, giving a combined total of 29%.

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“Fraudsters are also happy to use computing resources to generate crypto currency: bitcoin miners account for 14% of all financial attacks,” the report warns. “Criminals also use keyloggers to collect user credentials for online banking and payment systems in another bid to access bank accounts.”

In the meantime, the number of threats has gone down, but the threat landscape has evolved – as wallet stealers fell out of favour, mining malware took their place as the predominant form of bitcoin-related malware. Several security firms have issued reports mentioning bitcoin malware in recent months, with the number of attacks rising sharply since early 2013 in parallel with bitcoin’s massive peak in popularity.

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Biotech Stock Focus: Celgene Beats Q2 Estimates With Strong Showings

In an impressive piece of news on the Stock Market, Celgene (CELG) reported second-quarter 2014 earnings (including stock-based compensation expenses) of 80 cents per share, which surpassed the Market Consensus Estimate by 3 cents. The company’s earnings were 70 cents per share in the year-ago quarter. Figures have been adjusted to reflect the two-for-one stock split effective last month. Investors were not pleased with the … Continue reading Biotech Stock Focus: Celgene Beats Q2 Estimates With Strong Showings

Stock in News: Google Inc (NASDAQ GOOG) May Be Looking At Another EU Probe

Google Inc (NASDAQ GOOG) latest tussle with the European regulators could be concerned with the deals it entered with the Smartphone and tablet manufacturers using its Android software. According to Reuters, European commission is keen to know about the Google Inc’s agreement alongside any condition that requires manufacturers to preload Google Inc’s apps and services on their device. European regulators are giving tough time to … Continue reading Stock in News: Google Inc (NASDAQ GOOG) May Be Looking At Another EU Probe

Stock Under Spotlight: Facebook Attracts Businesses With Mobile Ads

Facebook Inc (NASDAQ FB) is gearing up to become a significant part for the small businesses. The social networking site is making efforts to establish the importance of the mobile platform for the small businesses. According to various sources, 20% of the time spent on the mobile devices such as smartphones and tablets is spent on Facebook. Facebook is recognizing the importance of the small … Continue reading Stock Under Spotlight: Facebook Attracts Businesses With Mobile Ads