Looks like there may be a hardware problem afterall. This morning, the reader was completley discharged, as the led flashed three times red. This was to be expected since it flashed orange all night (at least a couple of hours then i went to sleep). If this indicates a process, full discharge is normal.
Anyway, I pluged it in my computer and the red light only lasted a couple of minutes, after that being replaced by the orange flashing. Maybe the battery doesn't charge afterall. I don't think it's the case, but could it have something to do with the USB cable am using? (the small one which comes with Nokia phones).
Thanks for the support guys!
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