“The Silk Road underground website was the global venue for drug trafficking and money laundering, producing millions in dirty profits. DEA and others followed the money throughout this investigation, leading to this seizure. The website was used by drug dealers to put illicit drugs into our communities and literally at our doorsteps nationwide,” said DEA Special Agent in Charge, Brian R. Crowell. The US Marshals announced that it will auction off another set of 50,000
BitGo, a leader in Bitcoin security as well as a pioneer of multi-sig technology, announced today that it secured insurance coverage. Founded by veterans of online security, Mike Belshe, Ben Davenport, and Will O’Brien, Bitgo has raised more than $14 million in financing from venture capitalists, angels, and bitcoin industry insiders who were the same backers in companies like Paypal and Tesla. First of its kind, BitGo now offers coverage against Bitcoin theft thanks to
Freedom of speech and free expression is in its real sense Decentralization. Freedom of speech is more important now than ever. The intervention of the State and Law is widely expanding. The access to free speech and free expression allows the dynamics of so-called Democratic Societies through the manifestation of individuality in public space dominance. However, what we see today is a control imposition from the Society against the individual.
FreeBitcoins is a new website giving away Bitcoins to the first million visitors, giving anywhere from Satoshis to a full Bitcoin. To receive Bitcoin, all users have to do is join the website by supplying an email. Once signed up, they are briefly sent an email that includes a unique link to access your account. When at the web page itself, you are rewarded 25 Bits for every day you revisit the page. On top
It was not long ago when certain countries were being very vocal and skeptical towards Bitcoin. For example, France cracked down on all things crypto related due to a combination of fear and poor information. People tend to avoid what they do not understand. However as time progressed and France began to understand what Bitcoin was all about, including the benefits it could give to the economy, they somewhat changed their stance on the currency. This was
The Binary Options Trading sector is a fast growing industry in the digital currency ecosystem. There is an increasing competition and many are the companies opening its doors in what appears to be a race to leadership in the sector.
There are a number of schools around the world that accept Bitcoin for tuition payments, which may be enticing to a die hard Bitcoiner. The Cypriot University of Nicosia is deserving of our first mention, accepting Bitcoin for tuition and fees as well as offering a master’s program in digital currency. Cypriots and Britons Lead the Way Last July, Britain’s University of Cumbria claimed to be the first university in the world to accept Bitcoin. However, the program at
In my network of contacts there are a couple people that have given me their opinions on Bitcoin. From professors at reputable European universities and senior business managers to every-day people, all have had interesting things to say. Of course some people didn’t like what these people had to say. However, people need to put their reactionary ways aside when reading criticism about the Bitcoin technology. Yes, it is not fun to read negative things
Bitcoin was packed with headlines this week, which is the first thing I look for when there is a price change. While this does not always work, it is a good rule of thumb that I go by. Bitcoin experienced the loss of two exchanges, CARVITEX and Netagio, as well as a follow up on Mt. Gox from WizSec. Also read: Last Weeks Market Wrap Up For the majority of the week, Bitcoin enjoyed relative
CleverCoin allows easy, transparent, and secure exchanging of Bitcoins. Originating in 2013, the entire exchange was developed and is currently maintained under its own management. Over the last year, Clevercoin has been improving and growing. Catching the attention of many people, Boost VC decided to select Clevercoin to work with. I had the opportunity to talk to Paul Buitink, marketing manager over at CleverCoin, regarding this new and exciting headline. Describe to me what services CleverCoin provides.
“For us, the ability to offer accessibility and optionality to multilingual users around the world doesn’t stop at translations. To truly embrace the global nature of money, we must offer what’s familiar and safe to people across cultures,” reads Bitreserve’s website. The world’s most popular crypto-currency reserve and hedging company, Bitreserve, has added the ability to peg your bitcoins to silver, platinum, palladium and the Swiss franc. The company has also translated their website into
In 2013, Mt. Gox was the exchange that all Bitcoin users knew. Having the most liquidity and volume, this is where most Bitcoins were exchanged. Whether it was the transaction malleability exploits, trade withdrawal exploits or the infrastructure is not being able to handle the load, Mt. Gox went to dust, losing 850,000 Bitcoins. In USD equivalent at the time of the collapse, this equated to over $400 million customer funds that were unaccounted for.
Following a partnership between Dell and Coinbase from last summer, Dell is now accepting bitcoin in the UK and Canada. Dell’s move into Bitcoin began with an increase in customer demand for the payment method. After their successful US pilot, Dell continued to see demand for the payment methods in customers and both small and medium size businesses. Since their partnership last summer, Dell reported individuals purchased anything from software, computers, services and a record
While people mainly hear about Trezor, a hardware Bitcoin wallet, there are alternatives. For example, take a look at Ledger. Ledger is a more affordable wallet, which is around .13 BTC and plugs into a PC; it is controlled via a Chrome Browser extension. It signs transactions and can access your wallet, even under the worst possible scenario where PC is infected with malware or key loggers. Ledger’s website touts secure transactions even on a fully
With the recent news of Netagio restructuring its business model to wealth storage from a Bitcoin exchange platform, Bitcoin Exchange CAVIRTEX also known as Canadian Virtual Exchange, has taken a similar path. According to their latest news update that was posted on February 17, 2015, Carvitex has intentions to cease operations and stop being “an active Bitcoin business” as soon as possible. Effective immediately, CAVIRTEX intends to cease carrying on an active Bitcoin business and will
As part of their exploration of the crypto-currency, Bitcoin, mHITs, an Australian payments company, has launched a new pre-paid mobile minutes top-up service, called BitMoby, exclusively available for bitcoin. According to mHITs’ press release, BitMoby is part of the company’s efforts to explore what is possible with crypto-currency. “BitMoby is an example of how digital currencies such as Bitcoin can be used to demonstrate a highly efficient integrated transaction process where the payment instruction itself can
As I mentioned in this week’s market wrap up, the bull run that occurred in the Bitcoin market last week was most likely the result of market manipulation. The Bitcoin price increased from the $220 range to around $260 without any discernible causes, suggesting that the spike in demand came from one person or a cooperative group. Also Read: This Weeks Market Wrap Up A new discovery serves to confirm my belief that the market was manipulated last week.
Since the very beginning, Bitcoin by nature was going to have difficulty abiding with regulation. As Bitcoin is decentralized and was designed from the ground up to be peer to peer; this did not mix well with most countries. A potential form of payment that could be used as a currency globally controlled by no one entity? A government’s worse nightmare. Which is the very reason law firms accepting Bitcoin are typically the slowest ones
The Anarcho-Capitalist Club of Cuba (ACCC) last week announced it was now accepting Bitcoin as donations payment method. ACCC is a group dedicated to bringing new ideas such as freedom and anarcho-capitalist political philosophy, while trying to provide people with a perspective that counters the Cuban totalitarian regime.
On February 16, 2015, Netagio, a Bitcoin exchange in Europe, announced that it would be closing on March 18th, 2015. Netagio closed the order books on February 16, as well as the Bitcoin, GBP, USD, and EUR exchange platform. Netagio is not filing for bankruptcy or closing — it is just changing its business model. Starting on March 19, Netagio will be providing vault storage services for those looking to keep their assets in a safe place.
If you peer over to Litecointalk, a forum dedicated exclusively to Litecoin, LTCGear has been a rather infamous topic for the last couple of months. LTCGear started by a member by the username Beekeeper, also known by his real name Chris. When Chris started the service, members both senior and junior ravished over its profitability, legitimacy and was always out of stock due to these reasons. Then starting in December of last year, LTCGear started
Regular, cash dispensing ATMs have been a prime target for robberies since the technology was first born. But ATMs that dispense crypto-currency have had a more peaceful existence with no reported thefts. That is, until now. Late last month, two Bitcoin ATMs were stolen from two different businesses in Amsterdam. Martijn Wismeijer, founder of the first “bitcoin atm collective,” Mr.Bitcoin, installed one of the machines that was stolen. “About two weeks ago, at Warries Thai