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Was Mt. Gox CEO The Dread Pirate Roberts? The DHS Once Believed It

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Illustrations and additional reporting by Susie Cagle.

Day 3 of the Silk Road trial took a turn for the surreal when defense attorney Joshua Dratel began his cross-examination of Homeland Security Investigations agent Jared Der-Yeghiayan. The witness admitted that he had actively pursued Mark Karpeles, the erstwhile CEO of the notorious failed Bitcoin exchange Mt. Gox, as a possible match for the Dread Pirate Roberts, the operator of Silk Road. In August 2013, less […]

Bitcoin Is A Currency. When Will It Become Money? — Opinion

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A lot has been said and written about how Bitcoin in 2014 , is similar to the  Internet of 1994 . Internet, when it started, was usable only by the few early adopters. They used ridiculously priced computers to access the Internet, inspite of not being entirely clear of what it was going to become. Bitcoin is in a similar infancy at present.

There are two ways in which this article can proceed from here…one […]

Investors: Miss the first BitBoom? Here’s your second chance, Newbs.

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Whats that thing about history? Its hard to remember with so many bit-rivals talking about why your coins are worth dirt right now. Alot of you reading are in the red big time, and others only the few dollars they scraped together in a wallet or exchange . Don’t panic, stay calm, and buy if you can.

Why Bitcoin won’t bottom out..

It was 2014, the year of the Bitcoins, but not because it […]

Premium-class mining equipment manufacturer “HashCoins” offers hosted mining

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HashCoins provides hosted mining services since 2014 and is known for high level of the provided service. Like all successful companies, HashCoins is commited to continually improving its products and services, making it more accessible to consumers.

By optimizing production and reducing the cost of equipment the company is now able to offer its customers the best price for services without losing quality.

The company offers contracts for the purchase of equipment into ownership with the […]

LakeBTC Exclusive Interview!

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Related Articles

We sat down with LakeBTC recently to find out what it was they were working on – here’s what we spoke about…

First of all, tells little bit about what LakeBTC is all about. LakeBTC: LakeBTC was started in March 2013 as a bitcoin exchange . The founding team came from financial industries and most of our early users were seasoned traders and other financial professionals from prop and flow desks […]

Top 10 Quotes from Andreas Antonopoulos’s AMA

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Andreas Antonopoulos is a Bitcoin expert, host of Let’s Talk Bitcoin and author of Mastering Bitcoin . The charismatic thought leader is known for his testimony at the Canadian Senate Hearing and for delivering a phenomenal introduction to Bitcoin .

Many people look to him for comments on current events in the Bitcoin space, so it’s no surprise that Redditors flocked to his AMA on Thursday. Within, Antonopoulos described why Bitcoin is here to stay, […]

Cryptocurrency round-up: Karpeles denies Silk Road involvement and darkcoin turns one

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The price of bitcoin remains relatively stable, while other cryptocurrencies experience more losses (IBTimes UK) Cryptocurrencies have experienced more mixed fortunes over the last 24 hours following a turbulent week for the markets.

Bitcoin has remained relatively stable with just a 1% shift in value since 15 January, currently hovering just below $210.

Among the other big players, litecoin saw gains of around 5%, while dogecoin, peercoin and namecoin all fell by between 2% and 8%. […]

Levine on Wall Street: FX Fallout and the Value of Volatility

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Franc fallout.

So … how’s your foreign-exchange trading going? Yesterday’s pick-a-number-standard-deviation move in the Swiss franc "caught everyone off guard," "sent the markets into a tailspin," is "likely to create more volatility in the short term," and left a lot of people very embarrassed or broke: Anthony Peters, a broker at Swiss Investment Corp., said firms that were selling options tied to the Swiss franc may be among losers. They would have lost money as volatility […]

Blur Group CEO Philip Letts talks CES 2015, Bitcoin and tech firm milestones

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Your browser does not support HTML5 video Blur Group has revealed the company now has a $350m project value to date after racking up 50,000 services providers, including PWC, KPMG, Deloitte, Oracle and Ogilvy, on its e-commerce platform.

The company, which bridges upstart or incumbent businesses looking for services online, has also just announced its new $17m four-year project to raise sponsorship and investment for an independent cycling team, who is planning to compete in […]

Could the ‘C’ Word be Responsible for Bitcoin’s Price Decline? (Op-Ed)

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Oftentimes in sports, the competition is so fierce that the tiniest advantage decides who’s victorious.

This is why competitive swimmers shave their bodies, cyclists wear aerodynamic helmets, and jockeys max out at around 118 pounds. When you’re playing in the big leagues, you can’t afford to bring less than 100 % of your abilities. Playing at 95 % may very well lose you the game.

This fact about competition has me thinking about the price decline […]

A Ponzi Company which Calls Itself a “Ponzi” Company

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We don’t know what the creators of ‘ PonziCloud ’ were thinking at the time of branding, but the newly launched cloud mining company is surely making a name among the social media circuits – at least for being honest.

According to the information available on their website, PonziCloud seems to be offering some of the most mouth-watering features in the Bitcoin cloud mining sector, in times when the leading Bitcoin mining operations are taking a late-Christmas […]

And the Winners of CoinTelegraph’s 2014 Bitcoin Industry Awards Are …

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We have counted the votes and you, our readers, have spoken. The winners of CoinTelegraph’s 2014 Bitcoin Industry Awards are:

Person of the Year: Andreas Antonopoulos Andreas Antonopoulos Startup of the Year: ChangeTip ChangeTip logo Most Sucessful Company: BitPay BitPay logo Biggest News Story: Microsoft Microsoft logo Most Innovative Product: ChangeTip

Bitcoin Capital: San Francisco From all of us at CoinTelegraph, thank you to all of you who participated in choosing and recognizing […]

Bitcoin tycoon Mark Karpeles: ‘I am not Dread Pirate Roberts’

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Mt Gox’s former CEO Mark Karpeles (Reuters) Mark Karpeles, former CEO of bankrupt bitcoin exchange Mt Gox, denied claims that he had been running the notorious online black market Silk Road, which was seized by the US authorities.

During the trial of Ross Ulbricht, who was accused by the federal authorities of running the website that sold drugs and weapons illegally under the pseudonym Dread Pirate Roberts, the defence alleged that Karpeles was the real […]

Alleged Silk Road Mastermind Claims Head Of Mt. Gox Was The Real Dread Pirate Roberts

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If you read the headline above and said “Huh?” then you are not alone. It seems Ross Ulbricht, the alleged head of Silk Road, was not the real owner of the site. According to Ulbricht’s attorney, the creator was one Mark Karpeles, the disgraced head of Mt. Gox, an exchange that imploded theatrically in February. Motherboard has a reporter at the trail who noted that Ulbricht smiled when he finally made the admission.

”We have […]

Crypto 2.0 Roundup: Kickstarting Colored Coins and a Public Policy Push

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At a time when many bitcoin sectors are struggling, 2015 began with an outpouring of interest and show of strength for the crypto 2.0 community.

CoinDesk profiled a number of the promising projects , naming 19 to watch in the year ahead, but as our readers showcased, there remain many more that have garnered enthusiastic communities for their efforts.

However, while development continues on many exciting projects, a few notable names have so far used 2015 to […]

As Customers Worry for Security, Xapo Promising for Super Secure Bitcoin Storage Vault

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It’s not just the customers who are worried about the security of their Bitcoin but even big Bitcoin exchanges as well. After Mt. Gox collapsed the last year, a lot of concerns have been shown by the people investing in Bitcoin. Understanding the requirement Bitcoin startup Xapo has announced that it is bringing up super secure Bitcoin storage vault .

The decision also seems to have been brought in swiftly because BitStamp, the world’s third-largest […]

How Prosecutors Might Nail Ross Ulbricht Using The Supposedly Anonymous Bitcoin

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Post written by Nicholas Weaver

Nicholas Weaver is computer security researcher at the International Computer Science Institute in Berkeley

Many have quipped that the cryptocurrency known as bitcoin are really “prosecution futures,” because rather than being anonymous, bitcoins can be remarkably easy to trace since every transaction between pseudonymous addresses is publicly recorded. With the ongoing trial of Ross Ulbricht  over allegations that he was the kingpin known as the Dread Pirate Roberts behind the Silk Road online drug marketplace, this […]

This Media Startup Found Success Covering Bitcoin’s Rise. Now it Must Survive the Fall

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One day last summer, a man claiming to be Satoshi Nakamoto, the mysterious creator of Bitcoin, barged into CoinDesk’s London office and started ranting to the staff about the power of his creation. Incidents like this come with the territory for the reporters and editors at CoinDesk. The online publication launched in May 2013 to cover all things Bitcoin just as the cryptocurrency’s price was starting to spike and receive mainstream media attention. Last […]

Coinplug Unveils its Big Bitcoin Plans

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South Korean bitcoin exchange Coinplug has some big plans ahead.  The company is distributing pre-paid bitcoin gift cards to about 24,000 convenience stores across the country.  Thus far, about 8,000 of those stores are part of the 7-11 franchise, and other major chains are slated to be selling the cards by the end of the month.

The company confirmed in a Reddit post:

“We are in the process of distributing the cards to convenient stores.”Coinplug’s Richard […]

Mt Gox CEO Mark Karpeles Implicated in Silk Road Trial

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Mt. Gox bitcoin protest Mark Karpeles The trial of alleged Silk Road ringleader Ross Ulbricht heated up today during the questioning of a US Department of Homeland Security (DHS) by the defense team, led by Ulbricht’s lawyer Joshua Dratel.

The DHS witness, agent Jared DerYeghiayan, apparently claimed that Mark Karpeles, former CEO of the embattled bitcoin exchange Mt Gox, was once suspected to be the online black market’s mastermind, Dread Pirate Roberts.

Reporters from the courtroom took to Twitter […]

US-based startup BlockCypher Raises a seed Round of More than $3.1 million

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BlockCypher, a US-based startup has announced that it raised a seed round of more than $3.1 million. The company says that the collected amount will be used bolstering its efforts to support the Bitcoin ecosystem in Asia , a continent that has huge potential as the local economies are growing at exponential pace.

The company informs that the funding round included investment from a variety of firms such as Foundation Capital, New Enterprise Associates, AME […]

Cryptocurrency Trading News: Bitcoin Rebounds as Buying Pressure Intensifies

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ForexMinute.com – After staying in a depressive bearish bias for weeks, Bitcoin made a sharp recovery as buying pressure intensified. Traders however rubbished the spike, thinking it as yet another bull run.

BTC/USD 4H BitFinex Chart The market is not optimistic, but yet looks much better than what we encountered in last few days. In over the last 24 hours, the BTC/USD has surged around 20% thanks to the sudden arrival of bulls that […]

New European Legislation Ties Taxes in Online Orders to the Country of Purchase

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The European Union introduced legislation in November 2014 that implemented a new Value Added Tax (VAT) to virtual purchases. The legislation took effect on January 1, 2015. It is designed to reduce the  ability of companies to avoid taxes, especially large companies such as Amazon.com.

Instead of taxing an item based on the country where it was manufactured, or to the location of corporate headquarters, the item is taxed based on the country where the […]

Paul Koster Calls for Immediate Ban on Bitcoin

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ForexMinute.com – Netherlands Stockholder Association’s Director Paul Koster recently requested the central bankers to immediately ban the cryptocurrency Bitcoin.

According to a report published on Dutch news service BNR , Koster deliberately chose the Bitcoin’s worst trading phase to throw tantrums over it. “These volatile Bitcoin price fluctuations prove that this market is not supervised and/or regulated by any government or institution,” he said. “As a result, it is impossible for banks, consumers, investors and […]

New York Stock Trader Kills Roommate, Press Connects the Murder to Bitcoin

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The website DNAinfo ran a story on January 13 about a murder in NYC with the headline “Bitcoin Trader Accused of Murder.” The headline made it sound as if Bitcoin was somehow connected to the act.

The facts of the case are different. The only apparent link to Bitcoin is that the accused, Quentin Capobianco , an 18-year-old “teen” investor, had traded Bitcoin at some point. Capobianco is accused of bludgeoning his roommate, a 29-year-old […]

Ritholtz’s Reads: Most Despised Company and Bitcoin Ponzi Scheme

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Futures are all over the place this morning. I’ll let you know what they mean around 4 p.m. today. Oh, and my morning train reads: Passive is Massive ( FT )

Why you should buy the most despised company in America ( Marketwatch )  see also  Buy What You Hate ( TBP )

Nine Reasons Why Bond Yields Are Falling ( Yardeni ) Forget Emerging Markets. Hot Topic at Davos 2015 Is the U.S.  […]

Benner on Tech: Bitcoin’s Blues and Facebook’s Free-Speech Tight Rope

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People are Talking About…

Bitcoin was supposed to be a substitute for gold , but now it’s behaving more like oil. Not the oil of 2013 and 2014 when the price spiked above $100, but the oil of today with prices below $50. Bitcoin prices have also fallen over the past year from about $1,000 to just above $200 . In both cases, the price is so low that it no longer makes economic […]

What These 9 Cyber Security Buzzwords And Jargon Terms Really Mean

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By Sue Poremba

Hybrid cloud. BYOD. Big Data. Internet of Things. These are terms that have become part of the daily lexicon, not only within the information technology (IT) and cyber security world but also in the main stream. Jargon is integral to IT. They make complicated terms more accessible to the non-technical person, even if they aren’t easier to understand.

Buzzwords are commonplace in IT security, as well, but are they truly understood? As […]

Jan 15 Bitcoin Price Review with clip from Zapchain

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Prices seem to have found a bottom and now creating a new consolidation – perhaps prices will bounce up to the 230 level in US funds before going back down on the long term down trend.

Butterflylabs still has 90,000 bitcoins to sell and this is expected to push the prices still lower over the next while.

Trading volume has really expanded on the China bitcoin market.Shout out to +logans runHere are a few extra details […]

South Koreans Can Now Buy Bitcoin from 7–Eleven

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South Korean exchange Coinplug is set to drive a rollout of Bitcoin gift cards, which anyone will be able to purchase from convenience stores imminently.

OkBitcard , a scheme which will allow customers to purchase US$50 worth of bitcoin, is already operational in a range of merchants in South Korea, including 7-Eleven, in the form of a printed receipt. Soon, Coinplug stated, physical cards will also be widely available.

The company confirmed in a Reddit […]

ChangeTip Integrates Slack, a New Use Case for Micropayments?

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At the start of the New Year, we reported that ChangeTip was adding Facebook and Slack integration.  The Facebook integration was already there for some users, but Slack had not yet been rolled out to the public.

Now, it is. Slack is a collaborative work platform with social elements that takes itself less seriously than other work productivity apps. It functions a bit like a message board with healthy doses of Google Drive, Facebook and […]

Blockchain Factory’s Mining Slicer Lets You Customize How Your Mining Power is Distributed

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Blockchain Factory Mining is going through some changes, that much is clear.  The increasing difficulty, along with the low price of Bitcoin, is causing all sorts of interesting news events . The next step might not simply be more hashing power, but using that power more effectively. Tools, rather than brute strength, may be where we see the next big growth.

Of course, the difficulty will continue to increase and so will the hashing power […]

Bitcoin continues downward spiral, plunges below $200

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A bitcoin. Photograph by Tomohiro Ohsumi — Bloomberg/Getty Images Times just got even tougher for the fledgling cryptocash.

This post is in partnership with Entrepreneur. The article below was originally published at Entrepreneur.com .

By Kim Lachance Sandrow, Entrepreneur.com Bitcoin continues to kick off the new year on an appalling note. Just two weeks after being named the worst-performing currency of 2014 — and only a day after opening statements took place in […]

Tim Draper, Nas Back Bitcoin API Maker BlockCypher in $3 Million Round

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BlockCypher has raised more than $3m in a seed-funding round that will allow it to expand its operations in Europe and Asia.

Tim Draper and Yahoo co-founder Jerry Yang’s AME Cloud Ventures are among the many that invested in the round. Other participants included  Boost VC , 500 Startups , Crypto Currency Partners , New Enterprise Associates (NEA), hip-hop artist and VC  Nasir Jones , Jesse Draper and Shawn Byers.

With this latest round of […]

CoinTerra CEO: Company ‘Frozen’ Amid Lawsuits and Default

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Following a lengthy silence in the media, CoinTerra CEO Ravi Iyengar has emerged on the offensive, seeking to clarify the current state of his bitcoin mining firm, one that has recently been rocked by questions about its solvency.

Speaking to CoinDesk as part of a new interview, Iyengar confirmed that the Austin-based bitcoin mining company is in default, and it is currently awaiting a decision from its secured note holders.

CoinTerra is in default on roughly $4.25m-worth of […]

NewsBTC Speaks with ChangeTip about CES in Vegas, Facebook, and the Bitcoin Bowl

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Brandon Chase from NewsBTC got a chance to chat with Victoria van Eyk, a community developer on board with ChangeTip . It became apparent that ChangeTip intends to keep most of their major developments under wrap for now, although a few suggestive hints about the near future were shared. NewsBTC is excited to follow the growth and expansion of ChangeTip as they evolve within the bitcoin economy.

Chase: How was your time at The […]

Bitcoin Company Elliptic Earns “Bank-Level” Accreditation

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Bitcoin storage firm Elliptic has received accreditation from “Big Four” accounting firm KPMG , and is now considered to be operating on the same level as a custodian bank.

As Elliptic CEO James Smith explains:

“KPMG’s accreditation is an important milestone, as it demonstrates our commitment to delivering both best-in-class technology and deep operational expertise… This report demonstrates to our customers that we have the rigorous internal processes and controls expected of any traditional financial services […]

Bitcoin Price Technical Analysis for 14/1/2015

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After testing the $200 critical support point, the price of bitcoin dropped today to around $170, before rising up again to $191 at the time of writing of this article.

By drawing a trend line between the high reached on the 3 rd of December, 2013 ($1177) and the low reached on the 10 th of February, 2014 ($102) and plotting the Fib Speed Resistance Fan on the daily BTC /USD charts, we can see […]

Interview with CEX.io’s Jeffrey Smith on Why They Paused Mining and the Future of the Industry

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In a less than graceful tweet, Jeffrey Smith , the CIO of CEX.io , announced that the company would be  pausing mining for its users. Taking into account the Bitcoin price drop, and the increase of difficulty, we will pause cloud mining after the next difficulty increase — Jeffrey Smith (@jeff_smith01) January 12, 2015 Instantly, the internet erupted. Accusations were thrown around, of course, and many wondered out loud if this was the beginning […]

Bitcoin’s Price Falls Further Amid Record Transaction Volume

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You can purchase a bitcoin for just over $185 at the moment, a price that is down nearly 8 percent in the last hour, and 46.7 percent in the last month. Of course, you can pick any price timeframe you want, but it’s fair to say that bitcoin’s dollar value has had a rough time of it in recent days. For reference, here’s a one-year price chart ( via Blockchain.info ): What is interesting […]

Brookings Institution: ‘Innovations in the Blockchain Will Outpace Policy, Let’s Not Slow it Down’

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Brookings Institution: ‘Innovations in the Blockchain Will Outpace Policy, Let’s Not Slow it Down’ Tuesday, the Brookings Institution slipped in a blog post that compared Bitcoin to the Internet.

Mohit Kaushal, partner at Aberdare Ventures, and entrepreneur Sheel Tyle explained what the blockchain is and why it could important in a post for the TechTank blog. We’ve seen plenty of experts describing why the protocol underpinning the Bitcoin network could have many uses, but this […]

Bitcoin’s Twitterati Reacts to Price Decline

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The bitcoin price crashed below $200 on the CoinDesk USD Bitcoin Price Index earlier today, dropping to $179.13 before rebounding.

Unsurprisingly, the price collapse has set off a whirlwind of conversation about the future of the bitcoin network, both within and outside the community.

Regular bitcoiners have been reeling at what the news means for their digital currency holdings, while traders have welcomed the return to volatility and exchange volumes have surged to their highest levels since November […]

Altcoin Market: There is Blood Everywhere

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The Bitcoin price has broken below the $200-mark, currently settle around $180. With almost analytical eyes settled on this prevailing downward momentum, one may also look at the way with which altcoin market has reacted to this entire bearish episode. Have a look of these top coins:

Litecoin

On January 1st, the Litecoin was valued around $2.73 and later fell massively under the influence of Bitcoin. Charlie Lee earlier recognized how Litecoin price movements […]

Global Bitcoin Trade Volume Surges on 15% Price Decline

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Daily exchange trading volume in BTC terms recorded by Bitcoinity. As the bitcoin price plunged below the $200 mark, hitting a low of $170.08, holders of the cryptocurrency sold the asset in a surge of millions of orders across bitcoin exchanges globally.

With the price teetering on the brink of the $200 level around 07:20 (GMT), global exchange trading volume began to pick up. The number of trades per minute executed on exchanges tripled, from […]

BlockCypher Raises Seed Funding To Be The Web Services For Cryptocurrency

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With an eye toward making blockchain technology easy to integrate into any application, BlockCypher has raised $3 million in its first round of financing. The financing comes amid a steep slide in Bitcoin pricing  over the past year, which has stymied some of the enthusiasm in the market.

Bitcoin’s collapse will have little impact on BlockCypher, since, according to co-founder Catheryne Nicholson, the company’s technology works for any cryptocurrency.

“We basically do web services for blockchains,” says […]

Bitcoin Price Drops Below $200: Have We Reached the Bottom?

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Bitcoin Price It appears the article that was written over the weekend was quite timely. 

A few days ago bitcoin reached the Denial phase of the famous cycle, now it appears to be at a point of Fear and Desperation going into Panic. Volumes are picking up to an appropriate level and price has followed surging lower as of this writing it reached a low of US$166 and is now near US$190. See chart below: Below […]

DatSyn News – SilentVault’s Anonymous Bitcoin Multi-Asset Wallet & Exchange Welcomes Seamus O’Pearse

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SilentVault’s anonymous peer-to-peer, multi-asset Bitcoin wallet and exchange platform uses sophisticated technology to enable anonymous communication and secure off-blockchain transactions for Bitcoin and Litecoin. The company is now announcing a change in personnel with the the transition of SilentVault founder Sean Daley who is leaving his position as Operations Lead to take the role of the company’s general counsel (non-practising). Law and business expert Seamus O’Pearse will take over the Operations role as of […]

UK-Based Firm Becomes First Bitcoin Company to Receive KPMG Accreditation

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Elliptic, a UK-based digital currency services company, announces it had received ISAE 3402 accreditation from "Big Four" Dutch firm, KPMG.

The accreditation from KPMG followed a review and audit of Elliptic ‘s financial controls, regulatory compliance, internal access controls and other areas including code deployment, disaster recovery, segregation of duties and storage techniques. It represents an industry’s first and signified that Elliptic operates on the same standards as a custodian bank.

The accreditation is a significant […]

IBM’s Blockchain-Inspired Project Moves Forward Without Leader

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Internet of Things The man leading a blockchain-based Internet of Things project at IBM is now leaving his position at the company, according to Gigaom . But don’t panic, the compelling project will live on without him.

To back up a bit, the Internet of Things is connecting everyday items to the Internet, from cars to toasters. Smartphones are not the end-all for the Internet, as the argument goes. Paul Brody, VP and North American […]

Moonbit Faucets Offers 50% Extra For Xapo Wallet Users

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Every Bitcoin user at one point or another tries out the faucets. Some love the faucets, while others move on. No matter which category you are in, choosing the right faucet makes a lot of difference. May I recommend — moonbit.co.in . Why? There is a good reason for it, read on. Bitcoin Faucets Moonbit Also, please do create an online wallet with Xapo.com , while you are at it. As the title suggests, if you want to […]

Defense Attorney: Ross Ulbricht Created the Silk Road, But a Different Dread Pirate Roberts Committed the Crimes

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Inside U.S. v. Ulbricht. Illustration by Susie Cagle. On October 2, 2013, Ross Ulbricht was arrested at the Glen Park branch of the San Francisco Public Library, his laptop open and connected to the library wi-fi. The government claims he is the Dread Pirate Roberts, the infamous kingpin of the Silk Road, an online black market for drugs and other illicit goods. Ulbricht’s trial began today, after many delays over the last few months.

The […]

Citizenship Renunciation Fee Up 422%–With No Return–Just Ask Bitcoin Jesus

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Tax rules for U.S. citizens are notoriously unforgiving and notoriously expansive, even for those living abroad. They are one reason the uptick in American expatriations is continuing. In fact, given the demand, the State Department raised the fee for renunciation of U.S. citizenship from $450 to $2,350. That is more than twenty times the average level  in other high-income countries. The State Department says it’s about demand on their services and all the extra workload they […]

The Russian Authorities Moving Ahead to Suppress Bitcoin, Block Seven Bitcoin Websites

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Looks like Russia is serious taking head-on against Bitcoin as the latest development shows that the Russian telecommunications regulator Roskomnadzor has blocked access to Seven Bitcoin-related websites. The authorities in the country believe that the cryptocurrency contributes to the growth of the shadow economy.

Earlier the number of website that were blocked by Roskomnadzor was five that included Bitcoin.org, a primary community resource for the cryptocurrency that’s run by the Bitcoin Foundation, the Bitcoin.it community […]

Silk Road Reloaded Ditches Tor and Accepts Multiple Cryptocurrencies

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Silk Road The Silk Road saga lives on, and this time, the code has been forked.

The newest Silk Road player, called Silk Road Reloaded (SRR), is distinctly different in at least two ways from previous Silk Road iterations.

First, the SRR is not run on the Tor network, as almost all other drug markets are. It is instead run on a lesser-known anonymizing network called the Invisible Internet Project , or “I2P” for short. I2P […]

New Bitcoin Embassies in Asia Bring World Total to 17

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Bitcoin Embassy Seoul Two new Asian ‘bitcoin embassies’ opened last week in Seoul and Tokyo, with a shared mission to bring bitcoin’s message to a more general audience.

There are now 17 such advocacy centres worldwide, in all major regions except Africa. However, the organization behind the movement is currently in negotiations to set up embassies both there and in the Middle East. Gangnam style

The Seoul centre is based at the Startup Alliance co-working space in trendy […]

Bit2Me Allows Users Convert Bitcoin into Euros at More than One Thousand ATMs in Spain

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In an announcement, Bit2Me says that it has launched an app that enables its users to convert Bitcoin into Euros at more than 10,000 ATMs across Spain . At the occasion Leif Ferreira, Bit2Me founder said his company is an easy way for new users to probe cryptocurrencies by converting Bitcoin into Euros anywhere in Spain, without registration and from a mobile device.

Nonetheless, it is being considered a wise step on behalf of the […]

UK May Attempt to End Anonymity in Bitcoin Transactions, May Cause a Rise in the Use of DarkWallet

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A proposed UK bill could end anonymity in Bitcoin transactions by logging of all content accessed via UK ISPs. This will leave only services such as DarkWallet as truly anonymous options, placing them firmly in the sights of UK lawmakers seeking “the legal power to break into the encrypted communications of suspected terrorists.”

Speaking in the wake of the Paris terrorist attacks at the Charlie Hebdo offices and a kosher supermarket, UK Prime Minister David […]

Russia Blocks More Bitcoin Sites

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Russia is apparently having a hard time making up its mind about bitcoin.  One minute it’s completely against it .  Then, the very law laying out the disapproval is criticized and rejected .  Now, citing a court order from September 2014, the country has blacklisted several more bitcoin addresses including three with a .ru domain:  coinspot.ru, hasbitcoin.ru and bitcoinconf.ru.

The relationship almost feels like a bad marriage.  The couple fights, they make up, and then […]

BITCOIN TO $10K! (Not really, but take a look at this…)

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In the late 1980s, a prolific trader – and now billionaire – Paul Tudor Jones predicted the 1987 stock market crash by comparing two ten-year charts – one from the 1920s and one from the early 80s (to be accurate and give credit where it’s due it was actually his assistant that first discovered correlation, but for simplicity’s sake let’s use Paul).

Since then, many traders have tried to emulate this method of prediction and, […]

Jury selection starts in New York trial of alleged Silk Road creator

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NEW YORK (Reuters) – Jury selection began on Tuesday in the trial of the suspected operator of Silk Road, an online black market bazaar where users could anonymously by drugs and other illicit goods using bitcoin.

The trial in Manhattan federal court of Ross Ulbricht, 30, marks the highest-profile test yet of U.S. authorities’ efforts to crackdown on the use of the digital currency bitcoin for drug trafficking and other crimes.

Ulbricht faces seven counts including […]

KeenON: Venture Capitalist and Higher Ed Entrepreneur Tim Draper

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With his trademark aplomb, the storied venture capitalist  Tim Draper  is revolutionizing higher education. His new  Draper University of Heroes , a Silicon Valley-based startup college, is turning traditional education on its head. Instead of history, students learn the future. Instead of conventional economics, they learn about Bitcoin. And instead of success, they are taught how to fail.

Draper University is, indeed, a school for failure. For the Andover, Stanford, and Harvard-educated Draper, this was […]

Russian Authorities Blacklist 5 Bitcoin-Related Websites

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The Federal Supervision Agency for Information Technologies and Communications (Roskomnadzor in Russian) has blacklisted five Bitcoin-related websites.

Roskomnadzor has effectively blocked access to Bitcoin.org – an online community of cryptocurrency users and specialists supported by the Bitcoin Foundation – entering it into a registry of prohibited websites despite the site not having any user-submitted content.

Upon accessing Bitcoin.org, users have been receiving the following: — Access Denied. Access to the requested resource was blocked in […]

How Credit Card Fraud Sank One Bitcoin Exchange

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Avoiding credit card chargebacks One of the biggest problems for bitcoin exchanges and their customers is often making the exchange quick and easy. Exchanges like Canadian firm Virtex made the decision a long time ago not to accept credit cards. Their biggest concern? Fraud, in the form of chargebacks.

In a credit card chargeback, a credit-card paying customer asks the issuing bank (the bank that gave them the card) to reverse a transaction made with […]

Bears Slayed Bitcoin; Price Drops below $250

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ForexMinute.com – The Bitcoin value has dropped below $250, thanks to pessimistic fundamentals and optimistic bears.

Speaking particularly of last 24 hours, the BTC/USD was somewhere valued around $274, right near the key resistance level. But in the next few hours, the selling orders began to appear at major exchanges resulting into a bloodbath in the Bitcoin market. At press time, the BTC/USD is valued somewhere around 233 and has just tested a psychological support […]

Fools’ Gold Rushes (Op-Ed)

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G+1PinThe Bitcoin market is entering a phase of faux innovation that seems to be driven by either frustration over having entered the field late in the game, or by outright fraud; sometimes, it is a bit of both.Instead of starting firms that use Bitcoin or helping the core developers with incremental improvements to the system, pretenders hawk Cryptocurrency 2.0 Bitcoin-killer vaporware, complete with slick logos and promotional videos promising a new life […]

Bitreserve Raises $9.6 Million in Crowdfunding Campaign

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Bitreserve has closed its crowdfunding campaign after raising over $9m. The final total, one of the largest recorded in the digital currency sector for a crowdfunded initiative, reached $9,620,802 (£6,363,024) after 157 investors bought 11.27% of the equity offered.

Tim Parsa, Bitreserve’s president of global strategy and markets said: "It’s been a real pleasure interacting with the savvy Crowdcube and Venovate investor. Raising venture capital has been secretive and elitist for far too long. We share Crowdcube […]

Perianne Boring Talks Anti-Money Laundering Compliance and the Boot Camp Offered at TNABC

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G+1Pin Perianne Boring is the president of the Digital Chamber of Commerce . The chamber will be hosting an Anti-Money Laundering Boot Camp at the North American Bitcoin Conference 2015 in Miami on January 16 and 17. Boring took time from her schedule to speak with CoinTelegraph about the boot camp and the importance of compliance with AML regulations for companies […]

New BTMs in Australia, Switzerland and the United States

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After a week’s break to start the new year, CoinTelegraph and content partner Coin ATM Radar are tracking some new BTMs that have been installed since New Year’s Eve in Australia, Switzerland and North America.

You can find the machines’ exact locations with Coin ATM Radar’s Bitcoin ATM map .

As of January 12, 2015, there are 337 BTMs in operation around the globe. Here are some of the newest ones. Australia Down in Tasmania, […]

Bitcoin Price Crashes Through $250 Mark

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The bitcoin price has plunged below $250 and appears to be falling further, as sell orders pile up at major exchanges. The price opened the day at $267.08, but quickly fell after just two hours of trading. Soon after 3am (GMT), the price plunged through the $250 mark, which market watchers see as an important psychological barrier for the price.

The price held steady, but then plunged again about seven hours later, at around 10am. The […]

Pure-Central Facilitates Peer-to-Peer Crypto Lending

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G+3PinCryptocurrency enables you to “be your own bank,” and banks are more than just a place to put your money—they’re also a place from which to borrow. Pure-Central launched in late 2014 and aims to connect lenders with borrowers for loans in multiple cryptocurrencies.James Donavan, developer at Pure-Central, said: "The key to Pure-Central’s success is in the fact that we offer digital currency services for Bitcoin, Litecoin, Dogecoin, Namecoin, TheWLD, Peercoin, Darkcoin, and AuroraCoin—no […]

Fireside Philosophy – 3 things that are changing the world part 3 Bitcoin and the blockchain

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There are 3 game changers in the realm of liberty activism right now and Bitcoin is the last one on our list. Find out how bitcoin is changing things and more.
Part 1: http://youtu.be/xI0_IIM2Uhs
Part 2: http://youtu.be/vL2WHvT6X3U
Also if you would like to donate to Mike’s legal fund please go to http://www.naturalrightscoalition.org … You can donate by bitcoin or paypal or just send a message. Any and all donations are greatly […]

Cryptocurrency Trading News: Bitcoin Sandwiched between Bottom and 275

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ForexMinute.com – Last 24 hours in the cryptocurrency market saw Bitcoin sandwiched between the prevailing bottom around 255 and the key resistance around 275. Look further to know more:

BTC/USD 4H BitFinex Chart The market outlook is as grim as it was yesterday. Price is way below the daily moving averages, while the RSI is around 42. In the meantime, the 26- and 12-hours EMA are still going parallel and the MACD remain around […]

Accused Silk Road creator goes to trial amid U.S. scrutiny of bitcoin

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NEW YORK (Reuters) – A U.S. crackdown on use of the digital currency bitcoin for drug trafficking and other crimes is headed for its highest-profile test yet, as a trial begins for the alleged creator of an online marketplace catering to vice.

Jury selection is scheduled for Tuesday in Manhattan federal court in the case of Ross Ulbricht, who authorities say created Silk Road, an online black market where drugs and others illegal goods could […]

Cash Buys Charlie Hebdo Massacre, Bitcoin says Adieu aux Armes (Op-Ed)

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Cash Buys Charlie Hebdo Massacre, Bitcoin says Adieu aux Armes (Op-Ed) The Charlie Hebdo terror and other Paris attacks renew concerns about the ease with which terrorist cells in Europe can get illegal arms. Media outlets have even started to speculate that some of the arms could have been bought with Bitcoin – but reality renders such speculation groundless.  

The weapons wielded by gunmen in last week’s Paris terror attacks were AK-47 rifles, the […]

Game time! CT, Ziftr and ziftrCOIN announce contest to win a wallet’s worth of coins

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Ziftr the online price comparison add-on and its altcoin offspring ziftrCOIN have teamed up with CoinTelegraph to offer our readers a chance to win bitcoins!

The winner will also receive the value-guaranteed (in their retailer network) digital currency ZiftrCOIN, which celebrates the end of its pre-sale on January 23.

ZiftrCOIN made a stir in 2014 by bringing a value guarantee to the often unstable altcoin world. When consumers conduct transactions within Ziftr’s retailer network, each […]

Internet of Coins Releases White Paper for Infrastructure That Supports Inter-Blockchain Transactions

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Internet of Coins Releases White Paper for Infrastructure That Supports Inter-Blockchain Transactions Internet of Coins, an organization striving to create an infrastructure that supports inter-blockchain transactions, announced the release of its white paper at the Bitcoin Embassy Amsterdam during its launch party on January 3, 2015.

Newly founded Internet of Coins aims to create a decentralized, self-sustaining economy by connecting different blockchains through a hybrid peer-to-peer meta-network. The system will be offering a peer-to-peer, "inter-systemic […]

Weak Bitcoin Values Force CEX.IO to Suspend Cloud Mining Services

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CEX.IO, one of the leading bitcoin exchanges and cloud mining service providers, has announced the temporary suspension of its cloud mining services .  They can attribute this policy change to the sudden and drastic drop in bitcoin value in the past weeks .  The suspension is set to begin at the next bitcoin mining difficulty increase and it is unclear how long the suspension will continue.

Jeffery Smilth, Chief Information Officer of CEX.IO, stated that […]

CEX.io Halts Cloud Mining Service Due to Low Bitcoin Price

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Bitcoin mining service CEX.io has announced it will suspend its cloud mining activities.

The company stated in a 12th January blog post that it is no longer profitable, blaming declining revenues amid a dropping bitcoin price. CEX chief information officer Jeffrey Smith told CoinDesk that operations would resume if the price of bitcoin climbs above $320, calling the move “temporary”.

The suspension comes after CEX customers experienced disruptions to their cloud mining service, which the company at the time attributed to […]

iGaming Business Partners with GoCoin to Accept Cryptocurrencies Including Bitcoin

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In an announcement at the official webpage, iGaming Business, the leading publishing, research and events company for the iGaming sector, says that it has signed a deal with GoCoin to accept crypto currency including Bitcoin. The decision by the company to embrace the digital currencies is further enhancing the presence and popularity.

Nonetheless, the company says that the deal will allow it take virtual currency payments from all of its clients making it the first […]

ActionCrypto Offers Alternative in Bitcoin Speculation Space

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A relatively new entry to the digital currency space, ActionCrypto offers bitcoin enthusiasts a way to speculate on the future price of bitcoin using bitcoin itself, and without having to purchase more of the underlying asset. How does it do this? ActionCrypto is a form of binary options platform, one of the first and only to operate purely using digital currency. BTCUSD has been offered as a tradable asset on a number of forex […]

Ross Ulbricht Trial Set to Begin

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Alleged drug kingpin Ross Ulbricht , who is currently facing charges of running a criminal enterprise, money laundering and drug trafficking, is set to begin his trial in Manhattan tomorrow on January 13th.

Ulbricht was arrested in the San Francisco Public Library over a year ago where he was accused of running the underground Silk Road marketplace that allowed consumers to purchase everything from weapons to fake passports with bitcoin.

It appears as though Ulbricht is […]

NewsBTC Conversations: The Altcoin Guys Speaks about their Cryptocurrency Development Services

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The Altcoin Guys was launched with an aim to provide cryptocurrency industry with dedicated team of developers for their respective projects. The approach is indeed unique, especially in times when companies are facing a series of delays in development roadmap. We interviewed The Altcoin Guys team to know how they are hoping to improve the cryptocurrency development procedures. Here is the Q&A round:

Q) First of all, tell us a little bit about what […]

BitHalo Releases Decentralized Escrow Client v2.1 to Rival PayPal, Western Union

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G+2PinBitHalo announces the release of version 2.1 of its decentralized escrow client, adding a new feature that aims to compete directly with companies such as Paypal and Western Union, said the organization in an announcement.Entitled the "Advanced Payment," the new feature allows simple and secure peer-to-peer payments via email using either Bitcoin or Blackcoin.The "Advanced Payment" feature is sent from a peer that wishes to contract or send a payment to another. After both […]

Bitcoin ‘Vault’ Elliptic Meets Global Auditing Standard

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KPMG building Digital currency storage service Elliptic has obtained ISAE 3402 accreditation – a global standard for financial reporting – from auditing specialist KPMG.

The ISAE 3402 Type 1 or SOC1/2 review  scrutinises various aspects of a business, including financial controls, regulatory compliance including AML and KYC measures, financial controls, code deployment, disaster recovery, segregation of duties and offline bitcoin storage techniques.

The UK-based storage provider says it is the first bitcoin company to receive the accreditation and that […]

Cryptocurrency round-up: Bitstamp bitcoin exchange back online and darkcoin award

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The price of bitcoin (IBTimes UK) The price of bitcoin has continued to slide over the weekend, falling to as low as $265 on Sunday where it continues to hover.

Most other major cryptocurrencies have followed in bitcoin’s lead, with litecoin, dogecoin, peercoin and namecoin all falling by between 3% and 7% over the last 24 hours.

One of the biggest movers across all markets was dogecoindark. The "more secure, anonymous" evolved version of the meme-inspired […]

Paybase Announces $20 Buy Back Scheme for Paycoin

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Embattled cryptocurrency platform Paybase is launching a buy-back scheme to match the US$20 floor that their Paycoin currency was expected to hold. Announcing a system based upon “monthly disbursements” of Bitcoin to pay for any XPY re-purchased by Paybase in the scheme, the company stated that “we seek to uphold the promises we make”.

Making the announcement on the PayBase blog, the company owned by GAW is seeking to undo the damage done to its […]

‘Don’t Complain…You Didn’t Bother to Speak Up’: Ross Ulbricht Trial Begins

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G+2PinSome are labeling it the trial for Internet freedom, others – freedom to retain some privacy – but it will center around one man. The alleged operator of Silk Road known by his pseudonym Dread Pirate Roberts (DPR) was identified by Law Enforcement to be Ross Ulbricht and tomorrow, he will stand trial on charges ranging from drug trafficking to money laundering to running a criminal enterprise. The trial will begin at […]

The North American Bitcoin Conference is Here!

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Following its success in Amsterdam and Chicago, The North American Bitcoin Conference ( http://btcmiami.com ) is heading to Miami.  From January 16-18, bitcoin enthusiasts will be given the opportunity to travel to Florida and hear some of the most respected members of the cryptocurrency community educate and inform.  Some of the speakers set to headline the event include CEO of GAW Miners Josh Garza; bitcoin core developer Adam Black; ChangeTip CEO Nick Sullivan, and […]

Patrick Byrne: ‘Medici Will Be a National Market System Compliant and Able to Trade Everything’

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Patrick Byrne Patrick Byrne , CEO of Overstock, speaks with CoinTelegraph about the company’s new projects, including Medici and whether it will work with the Counterparty platform, how Wall Street and regulators are receiving the project, and how the old system has allowed financial predators to roam free. “You do not replace cancer. You instead cut out the tumor.” CoinTelegraph: We can start with your new project, Medici . How have Wall Street traders […]

Cryptocurrency Trading News: Bears Return to Bitcoin Market; Litecoin in Better Shape

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ForexMinute.com – Last 24 hours in the cryptocurrency market saw Litecoin holding onto its own, and Bitcoin falling back inside a strong bearish bias. Look further to know more:

BTC/USD 4H BitFinex Chart With no strong support in sight, the technical indicators are once again pointing towards the 255-bottom to save the price from attempting a long-term bearish breakout. The price is clearly below the moving averages, while the RSI is near the oversold […]

Overstock.com Employees May now Get their Salaries in Bitcoin

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Overstock.com has always been in forefront of Bitcoin; first it became the first large size retailer to embrace Bitcoin and now it is allowing its employees to take their paychecks in Bitcoin. The company says that employees have another option when it comes to receiving their paycheck – Bitcoin. The announcement came earlier on the Friday as the company wants to be pro-Bitcoin.

Earlier the last year, ForexMinute had reported that conforming to the promise […]

The Strangest Altcoins of 2014

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The past 12 months have seen a veritable explosion in the number of alternative digital currencies, otherwise known as altcoins.

The numbers for exactly how many altcoins are in existence vary depending on the measure. CoinMarketCap.com lists 554 cryptocurrencies at the time of writing – up from around 67 a year ago.

According to some estimates, however, thousands of altcoins have seen some level of circulation since the bitcoin protocol first became available for use and adaptation.Many altcoins set […]

BitStamp Resumes Operations

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BitStamp, one of the largest Bitcoin exchanges out there in the Bitcoin ecosystem that had suspended its service after the breach resulted in the loss of around 19,000 Bitcoin with a value of some $5 million, has informed the customers that it has resumed the operations. The decision has given respite to a lot of people who smelled Mt. Gox like situation.

Mt. Gox that lost millions of dollars of the investors is still in […]

BitMex Offers 30-Day Historical Bitcoin Volatility Futures Contract

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BitMex , one of the world’s most advanced Bitcoin derivatives exchanges, recently announced the addition of a futures contract for Bitcoin. Now that the cryptocurrency’s value has fallen to below $300 for the first time in nearly two years, the expansion of trading alternatives could give Bitcoin the boost that it needs.

The rise in Bitcoin prices in 2013 came mostly due to increased trading. While businesses accepted Bitcoin prior to 2013, their size was […]

CyberShares Launches Sharedrops To Promote Polymorphic DApps

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A new venture called cyberShares is launching a series of ‘sharedrops’, giving out free digital asset tokens to the users of ‘Bitcoin 2.0′ technologies such as Colored Coins, NXT, Counterparty, Bitshares, Maidsafe and Etheruem.

CyberShares assets will entitle their owners to a share in the profits of the venture, which also includes a CyberFund investment fund and cyberWallet online wallet compatible with multiple digital currency projects. The airdrop is also a prototypical model for the […]

Payments Veterans Seek to Unlock Blockchain’s Power With Align Commerce

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The bitcoin blockchain can be utilized to store transaction records in its public ledger database, but that is far from its only use case.

Novel real-world applications in the fields of  smart contracts and intellectual property rights , have begun to surface, providing a glimpse of the kinds of future technologies many believe cryptocurrencies can help society unlock.

Still, the most immediate use for the technology has been for payments, and with this is mind, startup Align Commerce […]

The Next Big Thing in Bitcoin: Mainstream Adoption By the Back Door

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Two interesting projects have emerged recently, which could lead to the mainstream adoption of Bitcoin by the masses of regular consumers who have thus far remained ambivalent towards the digital currency – and all without them even knowing that they are using Bitcoin.

Each of these projects seeks to take Bitcoin’s advantages as a fast, low cost and trustless way to make international payments, and use them behind the scenes to improve services for people […]

Chris Before Coffee – Bitcoin Squat Trailer – 17th September 2014

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Sorry I can’t come to you live today, due to the evolving situation and lack of good internet I am saying hello and that normal service will be resumed short.

Alex Jones interviews Julia Tourianksi about Bitcoin and what it could mean economically for our future.

This is a great part from Andreas speaking on the use of Bitcoin and comparing it to the early days of the Internet. Andreas is an incredible speaker and one.If […]

The Bitcoin Group #60 — Pirate Bay Still Down – The CIA Tortures – Hong Kong – Reddit Bit

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THIS WEEK: —————————- U.S. attributes Sony attack to North Korea

THIS WEEK: —————————- THE PIRATE BAY HAS NOT BEEN RESURRECTED – YET

At just 20-years young, Vitalik Buterin is one of the most brilliant minds in the cryptocurrency space. Previously, a co-founder of Bitcoin Magazine, he has .Internationally recognised bitcoin expert Andreas M. Antonopoulos provides a simple but thorough commentary on the potential of bitcoin, and how it will chan.

Neuroware Launches ‘Future-Proof’ API for Cryptocurrency Apps

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Building an infrastructure that is easy-to-use is critical if the digital currency ecosystem wants to encourage the creation of consumer-facing products.

To simplify this process, startup Neuroware has built Blockstrap  – an application programming interface (API) for web designers and front-end developers that supports bitcoin and other cryptocurrencies, allowing developers who want to create well-designed crypto-based apps to plug into its HTML5 framework.

Adam Giles, CEO of Neuroware,  explained that the goal is to create a blockchain-agnostic resource […]