Posts Tagged ‘ Bitcoin ’

Bitfinex offers $3.6 million bounty in bid to recover stolen Bitcoin

August 10, 2016
posted by

CoinDesk    

"Bitfinex is reportedly offering a reward worth up to $3.6m for the recovery of bitcoins stolen from its exchange last week. The Hong Kong-based startup lost nearly 120,000 BTC in the incident (an amount worth roughly $71m at press time), and now suggests it's willing to offer 5% of these funds (or about 6,000 BTC) as a reward should they be found and returned." (08/10/16)

http://www.coindesk.com/bitfinex-6000-btc-bounty-stolen-bitcoin/  

No Comments »

“US Marshals” gang to auction stolen Bitcoin

August 9, 2016
posted by

The Daily Dot    

"The U.S. Marshals Service plans on selling approximately 2,719 bitcoins obtained through a handful of [thefts], it announced Monday. The coins, currently valued at more than $1.6 million, are like tours through the recent history of cryptocurrency-related crime -- all of which (or, at least, some of which) could be yours if you [have no ethics whatsoever and] decide to bid in the auction. Of the nine cases from which law enforcement officials have obtained the coins that are being auctioned, the most high-profile is [political prisoner] Ross Ulbricht." (08/08/16)

http://www.dailydot.com/layer8/us-marshals-bitcoin-auction/  

No Comments »

Imagine a floating glass sphere filled with immutable information bits

August 9, 2016
posted by

Jeffrey Tucker Foundation for Economic Education
by Jeffrey Tucker  

"When I first encountered Bitcoin, I was incredulous. You can't just pound together some code on the Internet and expect it to be money. Money has certain features and it has to have a pre-money history. Otherwise it can't be valued like money and can't function like money. And yet by late 2009, Bitcoin was already trading at a positive market value. By 2011, it was used by a community as a means of exchange, and clearly it was functioning as a store of value. By 2013, you could spend Bitcoin on many consumer products. And today, it is an indispensable means of payment in many countries in the world. The experience reminds me of the Groucho Marx line: 'Who are you going to believe, me or your own eyes?'" (08/08/16)

https://fee.org/articles/imagine-a-floating-glass-sphere-filled-with-immutable-information-bits/  

No Comments »

Liberland: Bitcoin “is truly the base of our economy”

August 1, 2016
posted by

Bitcoin.com    

"The Free Republic of Liberland is a self-proclaimed micronation founded in April 13, 2015. The proclamation of the state’s independence was initiated by the Czech libertarian political activist, Vít Jedlicka. Located between Croatia and Serbia on the western bank of the Danube river, the tiny nation has brought about many discussions concerning micronations and secessions. Jedlicka and Liberland's citizens are strong proponents of free markets, and the use of the decentralized cryptocurrency Bitcoin are included among many other non-traditional beliefs." (08/01/16)

https://news.bitcoin.com/liberland-bitcoin-truly-base-economy/  

No Comments »

Bitcoin price falls as miners meet core developers

August 1, 2016
posted by

Crypto Coins News    

"Bitcoin's price dropped by $30 this morning (July 31st, 2016) as market uncertainty increases due to a closed door meeting between Bitcoin miners and Bitcoin Core developers. Details are sparse as no media representatives or independent observers have been invited to arguably the most important bitcoin related meeting in its almost eight-year history. What is known is that the meeting is attended by seven Chinese miners or representatives of mining companies and 20 Bitcoin Core/Lightning Network developers. ... Although the meeting is publicly referred to as a 'social event,' at the top of the agenda is likely to be on-chain scalability, particularly in light of earlier indications that miners may move to a different client on or around August the 1st." (08/01/16)

https://www.cryptocoinsnews.com/bitcoin-price-falls-as-miners-meet-bitcoin-core-developers/  

No Comments »

FL: Bitcoin is not money, Miami judge rules

July 26, 2016
posted by

Fortune    

"A judge dismissed a widely watched money laundering case in Florida on Monday by ruling that Bitcoin, the cryptocurrency, is not money. Michell Esponiza, the defendant, had sold $1,500 worth of the virtual currency to undercover police officers who said they intended to buy stolen credit card numbers with it, as the Miami Herald reports. The cops then brought a case against him, alleging that Espinoza had illegally engaged in money laundering. The court's decision? Where there's no money, there's no money laundering." (07/25/16)

http://fortune.com/2016/07/25/bitcoin-money-laundering-miami-judge/  

No Comments »

Open source tool can map out Bitcoin payments

July 19, 2016
posted by

Motherboard    

"Bitcoin is not anonymous. Anyone who has followed the dark web or the continuing regulation of the cryptocurrency should be familiar with that idea. If someone manages to link a real identity to a wallet—something that we've seen is possible -- they can then follow other transactions around the public blockchain to see where else that person's money has traveled. Now, researchers are releasing an open-source tool for grouping bitcoin transactions together in order to identify which belong the same entity, marketplace, or person. It doesn't necessarily reveal the identity of the bitcoin user, but it can show details about someone's bitcoin spending." (07/19/16)

http://motherboard.vice.com/read/open-source-tool-bitcluster-can-map-out-bitcoin-payments  

No Comments »

Blaming Bitcoin for child porn is politics as usual

July 19, 2016
posted by

Wendy Mcelroy Bitcoin.com
by Wendy McElroy  

"Declarations of war on child pornography are almost always about political or financial control and rarely about protecting children. Child porn is guaranteed to enrage the public and disengage their critical faculties so that controversial measures can be imposed with little to no protest. Those who do protest can be tarred as pro-pedophile and so dismissed with slander and disgust. No wonder child porn has become the go-to issue for policy makers when their agenda cannot get a political pass and needs a back door with greased hinges. At this point, articles are expected to decry the travesty of child porn. I do, and without political motive. But regulating the internet and surveilling blockchains in order to turn 'bad actors' into law enforcement is not a solution." (07/17/16)

https://news.bitcoin.com/blaming-bitcoin-child-porn-politics/  

1 Comment »

Bitcoin reward for miners falls 50 per cent following Saturday’s halving

July 11, 2016
posted by

City AM    

"The number of bitcoins generated by the digital process known as mining halved on Saturday. Rather than being issued by a central authority, bitcoins are “mined” by solving complex mathematical problems. These were previously released in blocks of 25, but this has now been halved to 12.5. There is a hard cap of 21m bitcoins, of which around 15m have been mined so far. The price of a single bitcoin had dropped by around three per cent on Sunday evening to $641 compared to the pre-halving day-average of $663 on Friday, according to market exchange Bitstamp." (07/10/16)

http://www.cityam.com/245139/bitcoin-reward-miners-falls-50-per-cent-following-saturdays  

No Comments »

Bitcoin markets: Black and gray, white and red

June 9, 2016
posted by

Wendy Mcelroy Bitcoin.com
by Wendy McElroy  

"Both black and gray markets express personal freedom and the free market; they are self-regulating and determined by individuals. Black markets can also express violence, of course, but it usually results from government policies such as the prohibition of alcohol or drugs. By criminalizing a good and absurdly hiking its price, the government drives out law-abiding players and encourages violent ones to fill the void. Bitcoins are a perfect currency for the privacy upon which free markets thrive. The Wall Street Journal adds: 'Cash is also the currency of gray markets -- amounting to 20% or more of gross domestic product in some European countries -- that governments would love to tax." The subject of taxes returns us to white and red markets, both of which strengthen the government at the expense of individuals." (06/08/16)

https://news.bitcoin.com/bitcoin-markets-black-gray-white-red/  

No Comments »

Counterparty brings Ethereum smart contracts to the Bitcoin blockchain

June 9, 2016
posted by

Cryptocoins News    

"Counterparty, the technology for decentralized financial tools on the Bitcoin blockchain, has started running Ethereum smart contracts by porting the Ethereum Virtual Machine (EVM) to its codebase. In late 2014, Counterparty added their support to execute the Ethereum smart contracts platform on Bitcoin; however, at that time, Ethereum was in its pre-alpha stage of development, with its first major release, Frontier, not yet being announced. Of course, with both Frontier, and later, the release of Homestead in late February, the developers at Counterparty have witnessed the EVM growing nicely. The end result was to create a contract that would work with Ethereum, Counterparty, and Bitcoin, which they seem to have achieved, according to Counterparty Core Developer, Ruben de Vries." (06/08/16)

https://www.cryptocoinsnews.com/counterparty-brings-ethereum-smart-contracts-to-the-bitcoin-blockchain/  

No Comments »

Bitcoin price nears $600 amid sustained market rally

June 6, 2016
posted by

CoinDesk    

"Bitcoin prices have risen sharply in the past week, nearing the key psychological level of $600 after lingering close to $450 for most of the last several weeks. Bitcoin has established a new trend over the last week or so, with markets seeing prices surpass $590 this weekend, according to data from the CoinDesk Bitcoin USD Price Index. Overall, the digital currency has surged roughly 30% from its opening price of $453.82 on 27th May to $591.03 on 4th June, the highest since 10th August 2014." (06/05/16)

http://www.coindesk.com/bitcoin-price-600-rally/  

No Comments »

Bitcoiners who use Tor — be warned!

June 2, 2016
posted by

Wendy Mcelroy Bitcoin.com
by Wendy McElroy  

"Bitcoiners love the anonymity of Tor. The FBI hates it even though Tor is run by a government-backed American nonprofit. Even imperfect anonymity cripples the agency's war on 'crime' -- especially on victimless crimes like when people mind their own fiscal business. That's why agents tried to interview one of Tor's main software developers, Isis Agora Lovecruft (pseudo), over the last Thanksgiving holidays. Lovecruft jumped a fast plane to Germany to avoid being grilled for information that could have compromised the Tor system. A self-described 'anarchist, hacker and physicist,' Lovecruft claims the FBI has been harassing her ever since. Now a game changer could further blacken Tor's horizon ... and that of Bitcoiners." (06/02/16)

https://news.bitcoin.com/bitcoiners-use-tor-warned/  

No Comments »

Bitcoin values up on Chinese yuan concerns

June 2, 2016
posted by

USA Today USA Today    

"Bitcoin prices have hit their highest values in nearly two years, and owners have China to thank. Spurred by demand in China, the digital currency hit $546.80 on CoinDesk's Bitcoin Price Index Tuesday, its highest mark since August 2014. The price remained at $540.81 Wednesday on the index, a 21% increase over the last month." (06/02/16)

http://www.usatoday.com/story/tech/news/2016/06/01/bitcoin-values-up-chinese-yuan-concerns/85235740/  

No Comments »

Australia: Regime to auction $11.5 million of stolen Bitcoin

May 30, 2016
posted by

Newsweek    

"Auditors will sell off $11.5 million worth of [stolen] bitcoin in Australia in June, the first such auction to be held outside the United States. Financial services group Ernst and Young announced the auction on Monday, saying it would involve 24,518 bitcoins that had been 'confiscated as proceeds of crime' without elaborating further on where the cryptocurrency came from, the BBC reported. The firm did not identify the vendor, but it is believed to be an arm of the Australian government." (05/30/16)

http://www.newsweek.com/australia-auction-115-million-confiscated-bitcoin-464776  

No Comments »

Trustee completes review of MtGox claims

May 25, 2016
posted by

Crypto Coins News    

"In a major announcement at a scheduled Mt. Gox creditors meeting today in Tokyo, the court-appointed Trustee in the defunct bitcoin exchange Mt. Gox’s bankruptcy investigation has revealed that all claims to date have been reviewed. Notably, the status of all the claims has also been determined. ... The total amount claimed to date stands at 263,519,268,303,371 JPY, approximately $2,411,412,137,427 USD. The total amount of bitcoin held by the MtGox estate is approximately 202, 185 XBT, or approximately $91.2 million, which bitcoin exchange Kraken will help distribute among the claimants." [editor's note: Yes, you read that right -- creditors are claiming they are owed more than $2 trillion - TLK] (05/25/16)

https://www.cryptocoinsnews.com/breaking-tokyo-trustee-completes-review-mt-gox-claims/  

No Comments »

Doubts follow Wright’s claims of Bitcoin invention

May 3, 2016
posted by

Deutsche Welle [Germany]    

"Following waves made by Australian tech entrepreneur Craig Wright saying on Monday that bitcoin founder Satoshi Nakamoto was his alter-ego, doubts on the validity of his claim have emerged from prominent corners of the cryptography community. 'There's no way you can conclusively prove that you are the creator of bitcoin,' said Jerry Brito, executive director of Coin Center, a crypto-currency think tank in Washington DC .... But the camp of believers has its own share of prominent names, like Gavin Andresen, chief scientist of the Bitcoin Foundation. Andresen said Wright convinced him 'beyond a reasonable doubt' that the Australian was indeed Nakamoto, as the two met privately in London." [editor's note: Andresen seems (to me, anyway) best positioned to judge the claim - TLK (05/03/16)

http://www.dw.com/en/doubts-follow-craig-wrights-claims-of-bitcoin-invention/a-19231562  

No Comments »

Wright revealed as Bitcoin creator Satoshi Nakamoto

May 2, 2016
posted by

BBC News BBC News [UK state media]    

"Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto. His admission ends years of speculation about who came up with the original ideas underlying the digital cash system. Mr Wright has provided technical proof to back up his claim using coins known to be owned by Bitcoin's creator. Prominent members of the Bitcoin community and its core development team have also confirmed Mr Wright's claim." (05/02/16)

http://www.bbc.com/news/technology-36168863  

No Comments »

Is Bitcoin as good as gold?

April 20, 2016
posted by

Wendy Mcelroy All Things Bitcoin
by Wendy McElroy  

"Gold and bitcoin should be the Batman and Robin of alternate currencies who blast the fiat-evil together. Instead, they quarrel a lot about who's the best or whether one of them even exists as money." (04/16/16)

https://allthingsbtc.com/blogs/news/97708929-is-bitcoin-as-good-as-gold  

3 Comments »

Can Bitcoin be used for good?

April 7, 2016
posted by

The Atlantic The Atlantic
by Chelsea Barabas and Ethan Zuckerman  

"Something strange is happening to Bitcoin. Once viewed as a way to do business in the darkest corners of the web, the digital currency has rather suddenly become a favorite talking point among humanitarians and international development enthusiasts. Bitcoin isn't just for illicit transactions or Internet hobbyists anymore, but for helping the poor, the downtrodden, and the unbanked. Perhaps Bitcoin can save them! Perhaps Bitcoin can save the world!" [editor's note: Actually, I would say that "illicit transactions" -- to the extent that means non-government-regulated transactions -- ARE "for good" - TLK]

http://www.theatlantic.com/technology/archive/2016/04/bitcoin-hype/477141/  

1 Comment »

OpenBazaar released: Decentralized Bitcoin marketplace now live and ready for business

April 5, 2016
posted by

Bitcoin Magazine    

"Almost two years ago, a group of Bitcoin developers, including Amir Taaki, developed an early prototype of a decentralized marketplace during the Toronto Bitcoin Expo Hackathon. The team behind the project, which also included developers from Airbitz, won the hackathon for their work on DarkMarket, but they had no intention of working on the concept once the expo was over. Shortly after the creation of DarkMarket, a group of new developers, including Brian Hoffman and Sam Patterson, forked the project and rebranded it as OpenBazaar. Today, the first full version of OpenBazaar has been released on the project's official website." (04/04/16)

https://bitcoinmagazine.com/articles/openbazaar-released-decentralized-bitcoin-marketplace-now-live-and-ready-for-business-1459793756  

No Comments »

Microsoft quietly drops Bitcoin support from the Windows Store

March 14, 2016
posted by

TechCrunch    

"Microsoft has quietly stopped supporting bitcoin payments just over one year after it added support for the crypto currency within the Windows Store. Software encyclopedia Softpedia first noticed the change, which is confirmed in an FAQ note for customers: You can no longer redeem Bitcoin into your Microsoft account. Existing balances in your account will still be available for purchases from Microsoft Store, but can't be refunded. We contacted Microsoft for further details, but did not hear back from the company at the time of writing." (03/14/16)

http://techcrunch.com/2016/03/14/microsoft-quietly-drops-bitcoin-support-from-the-windows-store/  

No Comments »

How the blockchain and gold can work together

February 1, 2016
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by Thorsten Polleit  

"In the wake of the most recent financial and economic crisis of 2007–2008, many people have become concerned that their savings, mostly invested in fiat-denominated bank accounts and bonds, could be devaluated. This has prompted a search for 'good' money. Somewhat new to the mix are the digital currencies, most famous of which is the virtual unit 'bitcoin.' It is a digital currency generated by decentralized, internet-based computers rather than a central authority." (02/01/16)

https://mises.org/library/how-blockchain-and-gold-can-work-together  

No Comments »

Bitcoin, other alt-currencies offer more choices for consumers

January 19, 2016
posted by

Heartland Institute Heartland Institute
by Jesse Hathaway  

"In just eight years, Bitcoin and the idea of 'virtual currency' have gained acceptance and use both online and in the physical world. Spread by word of mouth and other 'viral' means, decentralized virtual currencies have gone from a mere thought experiment to a tangible economic reality. Today, one can use Bitcoin or other currencies not backed by the U.S. government to buy physical goods and services and online services. Established companies, such as Dell, DISH Network, Microsoft, and Papa John's Pizza, all accept Bitcoin payments." (01/19/16)

http://blog.heartland.org/2016/01/bitcoin-other-alt-currencies-offer-more-choices-for-consumers/  

No Comments »

Lead developer quits Bitcoin saying it has “failed”

January 18, 2016
posted by

Reuters    

"Bitcoin slid by 10 percent on Friday after one of its lead developers, Mike Hearn, said in a blogpost that he was ending his involvement with the cryptocurrency and selling all of his remaining holdings because it had 'failed.' Hearn, one of five senior developers who has spent more than five years working on the web-based currency, said he would no longer be taking part in development. 'Despite knowing that bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly,' Hearn said in his post on blog-publishing platform Medium." (01/18/16)

http://www.reuters.com/article/global-technology-bitcoin-idUSL8N1521DD  

No Comments »

Our Sponsors