Future of top U.S. Bitcoin exchange in doubt as $250K in virtual currency stolen

The future of the top U.S. Bitcoin echange is in doubt after $250,000 in virtual currency was stolen last night.
As CNet reports, an unidentified hacker found and absconded with an unencrypted backup of virtual wallet keys, taking 24,000 bitcoins, each worth just over ten U.S. dollars. It’s the virtual equivalent of leaving your wallet on the cafe table as you go to use the restroom.

NetAuthority: saving your bank account from the Russian mob, one algorithm at a time

Imagine this: you phone your bank, asking a service rep to pay a phone bill and transfer money from savings to checking. Only, instead of talking to the bank, you’re speaking to a crook who is talking to you on one phone … and your bank on the other. And when you provide him with all the authentication details your bank requires, he loots your account and transfers your funds into accounts he controls.

Funding Daily: investment news best served with a glass of wine

Now that we have survived the bad luck of Friday the 13th, the fireworks and wine-saturated festivities of Bastille Day, and the ides of July, it is time to dive back into the world of venture capital. There was quite a bit of funding news today, although most of it was rather dry. If you need a little something to sweeten these deals, open a bottle of Bordeaux and remember the French motto that wine makes everything better. Or was it Liberty, Equality, and Fraternity?

Funding Daily: It’s like the San Diego firework fiasco of investment

All the news that lay dormant surrounding the July 4th holiday exploded all at once today in the funding world. Sometime amidst the barbecuing and pool parties, major deals were struck involving massive amounts of money. The biggest story, juicier than that rare burger dripping with cheese you gobbled last week, was GitHub at long last taking a round of VC money — and what a round it was. Check out the other interesting bits below.

Mystery enterprise security startup Bluebox gets $9.5M from Andreessen Horowitz

Still in stealth mode, enterprise security startup Bluebox is keeping all the most juicy details of its business close to its chest. But we do know that the startup is compelling enough that it’s attracted a $9.5 million first funding round led by Andreessen Horowitz. Also on board is early Google investor and Sun Microsystems co-founder Andreas Bechtolsheim, who is joining Bluebox’s board of directors along with Andreessen Horowitz’s Scott Weiss. So the company clearly has a lot going for it.