After the other events of this week rocking Dogecoin, a contributor to the official Dogecoin Facebook page will be going to jail for financial crimes he admits to committing between 2008 and 2011. His post announcing this news is below: Continue reading
Monthly Archives: October 2014
Caleb Chen, Stephanie Murphy & Brian Sovryn Assist Ponzi Scheme
Bitcoin Trader was an obvious ponzi scheme which inevitably disappeared with all the bitcoin invested by customers. The scheme marketed itself as one that could deliver a passive income on auto pilot to customers by taking advantage of arbitrage opportunities in the market, returning profits to customers after a 120 day period. Where some people see numerous red flags, others see opportunity! Continue reading
A Free* Bitcoin ATM Machine For Suitable Hosts
ZenBox, based in Santa Monica, California, are a company which operate a network of over 10 Bitcoin kiosks across the US. Launched in June, 2014, the company was founded by Sean Grove and Brock Pierce while CEO Cailen Sullivan previously worked at Coinbase. Continue reading
Robocoin Removed By Australian Police As Part Of Drug Arrests
Operation Juliet Wave, a 2 year drug trafficking investigation culminated today in the execution of 18 search warrants across Queensland as well as numerous arrests, one of which include the proprietor of a Brisbane coffee shop in which a Bitcoin ATM was installed earlier this year. Continue reading
BitPesa Enables NGO's To Easily Exchange Bitcoin Donations For Fiat
BitPesa, the Kenyan startup which aims to lower the cost of remittances in Africa, has introduced a new service which enables NGOs to automatically exchange their bitcoin donations into Kenyan shillings which are then deposited directly into "their corporate mobile money wallet." Continue reading
Gavin Andresen's Blocksize Economics
Today Gavin Andresen, Chief Scientist of the Bitcoin Foundation, released a statement on the foundation's blog regarding Blocksize Economics. Earlier this month Qntra reported on Gavin's proposal to increase the Blocksize by 50% annually. This proposal was met with disapproval from the community. Continue reading
BitStamp: Unverified Accounts to be Closed, Balances to Regulators
BitStamp announced on their blog that accounts remaining unverified will be closed and have their balances turned over to regulators. BitStamp initially implemented their verification policy in September of 2013 and insists they can not allow accounts that do not comply with their anti-money laundering and know your customer policies to trade or receive other services from BitStamp including withdrawals in either Bitcoin or any other method. Their announcement: Continue reading
Apple Pay Big In 3 Years, Bitcoin Big Over 20 Years Claims Marc Andreessen
Marc Andreessen, co-founder of Andreessen Horowitz, attended the Dreamforce 2014 conference held in San Francisco this week. Fielding a variety of questions, he shared some brief thoughts on the future of Bitcoin. Continue reading
AlphaPoint, White Label Exchange Provider Secure $1.35 Million In Funding
AlphaPoint, a white label exchange and automatic market making provider, secured $1.35 million in funding which will be used to promote international growth and further development of products and services. The round of capital raising included investors such as Scott Becker of Invite Media1, Gabriel Weinberg of DuckDuckGo, Robin Hood Ventures, Ben Franklin Technology Partners as well as other unnamed angel investors. Continue reading
Acquired by Google. ↩
After Defeating It In The Bitcoin Market, La Serenissima Bleeds The USG All Over The Dow
Washington, DC had a financial plan to neuter Bitcoin on top of the usual operational plans of infiltration work etc. The way this plan was supposed to unfold ? First the USMS announces an auction for some Bitcoin they've managed to steal from US residents. The supposed auction was supposed to be open. It was also supposed to be won by a designated USG agent, and the price announced should have been significantly under market. Then any and all Bitcoin that could be begged, borrowed or stolen by Washington was going to be dumped on the market through "expert" hands, to a crescendo background of the well publicised wails of the usual suspects. And so Bitcoin was going to crash and burn. Continue reading