bitcoin

Read Cult of Mac’s latest posts on bitcoin:

Tim Cook says Apple is ‘looking at’ cryptocurrency after revealing he’s an investor

By

Tim Cook at Unleashed event
But don't expect investment advice.
Photo: Apple

Tim Cook revealed in an interview on Tuesday that he owns cryptocurrency and sees it as a “reasonable” way to diversify his portfolio. The Apple CEO also admitted that Cupertino is “looking at” ways cryptocurrency could one day work with Apple Pay, or be used to buy Apple products.

However, if it’s investment advice you’re after, you can look elsewhere.

Donate to charity for your chance to win $10,000 worth of Bitcoin, Ethereum and more

By

Bitcoin
Now's the perfect time to get into crypto.
Photo: Cult of Mac Deals

You might have heard a lot about investing in cryptocurrency these past few years. If you’re unfamiliar with what cryptocurrency actually is (or what it does), it operates like most currency — except it’s a digital asset people use for both investments and online purchases.

Woz sues YouTube over scam video

By

Steve Wozniak
Steve Wozniak's likeness was used in a video to scam people out of Bitcoin.
Photo: The DEMO Conference/Flickr CC

Apple co-founder Steve Wozniak is suing YouTube for allegedly failing to remove a video in which his likeness was used by thieves to scam people out of money.

Woz was among a group of individuals who were fraudulently featured in videos posted to YouTube, supposedly offering a live giveaway of bitcoins. The video suggested that anyone who sent him bitcoins would receive double the number back. Of course, when people did transfer the funds, they inevitably got nothing in return.

Hackers hit Apple’s Twitter account in widespread bitcoin scam

By

Apple's Twitter account and other high-profile accounts hacked in massive Bitcoin scam.
Apple’s very first Tweet ever isn’t about Bitcoin. Twitter got hacked.
Photo: Cult of Mac

Apple is one of many companies and people who had their Twitter accounts hijacked on Wednesday. A hacker found a way to post on what seems to be any account, indicating that it’s Twitter itself that has been hacked.

All the posts pointed readers toward a bitcoin scam.

Apple Card isn’t for jailbreakers or cryptocurrency buyers

By

Antana/Flickr CC
Not the card for Bitcoin lovers.
Photo: Antana/Flickr CC

Apple eagerly anticipated Apple Card could be the most consumer-friendly credit card on the market. However, there are a few rules that could put off a small number of users.

In Goldman Sachs’ customer agreement for the card, it notes that Apple Card is not for people who jailbreak their iPhones. And it can’t be used for buying Bitcoin, lottery tickets, and a few other things, either.

Woz got scammed out of $70,000 worth of bitcoin

By

wozniak
Woz could've been rich off bitcoin, now he's just rich off Apple.
Photo: Reddit

Apple co-founder Steve Wozniak has a cautionary tale for people hoping to strike it rich off bitcoin.

During an appearance at the Economic Times global business summit, Woz admitted that he had been scammed out of several bitcoin worth about $70,000 earlier this year by falling for a common fraud tactic that can happen to any bitcoin buyer.

Square plans to add Apple Pay and Bitcoin support to next register

By

squareregisteripad

Apple Pay is threatening to put mobile payments companies like Square and PayPal out of business when it launches next month, but according to Square co-founder Jack Dorsey, Apple Pay isn’t actually a threat to his company.

Dorsey revealed yesterday that Square is hoping to use Apple Pay to its advantage by building a new register for sellers that accepts Apple Pay and pretty much every other form of payment you can slide across a counter.

Alleged iCloud hack sees nude celebrity selfies sold for Bitcoins

By

Celebgate hack
The iCloud accounts of numerous Hollywood celebrities have been hacked, with naked images being sold for Bitcoins. (Picture: Killian Bell)
Illustration: Killian Bell/Cult of Mac

An alleged mass iCloud hack has seen a veritable who’s who of Hollywood nude selfies leaked onto the Internet.

The photos — which include the likes of Avril Lavigne, Hayden Pannettiere, Kate Upton, Mary Elizabeth Winstead and Rihanna — appeared first on 4Chan, with an anonymous poster telling people he/she had obtained the photos by hacking iCloud accounts. In addition, the photos were being sold for Bitcoins, which most likely makes this a first.

Banned bitcoin wallet Blockchain welcomed back into the App Store

By

largest-bitcoin-exchange-suspends-withdrawals.si

Six months after being unceremoniously booted out of the App Store, popular bitcoin wallet app Blockchain is back where it belongs, with Apple having let it back in after seemingly changing its mind about the digital currency.

Blockchain was removed from the App Store back in February this year, having briefly been excised and then re-accepted before that. It followed in the footsteps of fellow wallets BitPak and Coinbase, which were also removed by Apple.

Cryptic Twitter account sparks hunt for hidden Bitcoin

By

sfhiddenbitcoin

SAN FRANCISCO — There’s a new kind of gold hidden in the hills of this city: A mysterious Twitter account is leading locals on a treasure hunt for Bitcoin.

The folks behind @SFHiddenBitcoin, which has been active since July 1, are hot on the heels of @HiddenCash, the Twitter account that made news doling out the dough of a real estate mogul.

While judges debate whether Bitcoin is money and crashing economies around the globe fear the virtual currency’s wake, it’s the coin of the realm in certain circles here. If you can handle being a “cyphervegan,” you can basically already live on Bitcoin.

Apple now accepting Bitcoin wallet apps again

By

largest-bitcoin-exchange-suspends-withdrawals.si

Having recently clarified its position on virtual currencies in the App Store (hint: Apple doesn’t hate them as much as you thought it did!), we’re starting to see certain iOS apps which deal in Bitcoin being approved for availability in the App Store again.

One of the first is CoinPocket, an app which allows users to send and receive Bitcoin, as well as collect private keys into a single spot and encrypt them. It’s very similar to Blockchain and Coinbase: two Bitcoin wallet apps which were previously given the boot by Apple.

App Store Guidelines acknowledge bitcoin policy for the first time

By

largest-bitcoin-exchange-suspends-withdrawals.si

Despite pulling various Bitcoin trading apps from the App Store, Apple hasn’t previously made clear its stance on virtual currencies and how it plans to handle them in future.

Following the unveiling of iOS 8 at yesterday’s Worldwide Developers Conference (WWDC), the company has issued a revised set of its App Store Review Guidelines, complete with a section specifically dealing with virtual currencies. If we’re interpreting it correctly, it appears that Apple will accept apps for review which deal in the transmission of digital funds — at least to a degree.

Apple Removes Popular Bitcoin Wallet Blockchain From The App Store

By

Screen_Shot_2014-02-06_at_07

Apple’s dislike of bitcoin has been on display for quite some while now, but the cyber-currency has been hit yet again as Apple removed Blockchain — the world’s most popular bitcoin wallet — from its App Store late Wednesday.

Apple had previously removed fellow wallets BitPak and Coinbase — while Blockchain had previously found itself excised, only to later be re-accepted.

Bitcoin Hoax Dupes Apple Users Into Destroying Their Macs

By

bitcoinhoa

 

Looking to capitalize on the surge of Bitcoin’s popularity, some mischievous pranksters from 4chan’s random image board are trying to convince Mac users to trash their computers.

The hoax claims that Apple has included Bitcoin mining software on all Macs since 2009, but you just need to enter a simple terminal command to unlock it. Of course, there is no secret Bitcoin mining app hidden in OS X, so what does the terminal command sudo rm -rf/* in the picture actually do? Oh, it just basically reformats your hard drive.