There are reports that the National Bank of Ukraine has issued a directive on its Facebook page banning not recognizing the use of Bitcoin for payments within the country. It remains to be seen if other States will begin following Ukraine's lead and begin issuing missives via Facebook post, as well as to what extent the National Bank of Ukraine can actually prevent Bitcoin payments from happening within their borders during a time where Ukrainian borders seem to be undergoing revision.
Monthly Archives: November 2014
Professor Bitcorn Talks Top Ten Risks Associated With Bitcoin
Mark Thomas Williams, better known as Professor Bitcorn and for claiming that bitcoin would crash to $10 by mid 2014, last month appeared at the World Bank Conference in Washington, D.C where he outlined his top ten risks associated with Bitcoin. The PDF is available here or read the 10 threats below. Continue reading
Pizza Hut Computers Used To Mine Bitcoin In 2013
Up to 60 Pizza Hut stores across Australia are reported to have been used as part of a bitcoin mining and click fraud botnet during most of 2013. The incident lead to numerous stores halting trade and in some cases resulted in store computers and PoS devices remaining offline all day while the machines were reimaged. Continue reading
Gavin Andresen: "Expect Chaos & Drama"
Having rubbed shoulders with the likes of Bono at last week's Web Summit, Gavin Andresen spoke briefly with CNBC. Continue reading
Hashfast to Liquidate
The Bankruptcy Court of the Northern District of California has ordered the auction of HashFast assets, and among the assets to be sold will be causes and claims against co-founder and CTO of Hashfast Simon Barber.
Flashback: Gavin Andresen
You should save the "Gavin is trying to impress evil institutional investors" mud-slinging for when I get around to laying out the argument for increasing the block size, because that would be closer to the truth.
Gavin Andresen, October 09, 2013, from Bitcointalk
Bitcoin Declaration of Sovereignty Filed
Today Mircea Popescu filed a declaration on the matter of Bitcoin sovereignty. Full text appears below: Continue reading
Is Blake Benthall Responsible For Each Silk Road 2.0 Theft?
From the Blake Benthall complaint:
16 a. On or about September 10, 2014 and September 11, 2014, Defcon sent a series of messages to his support staff, reporting, in sum and substance, that a computer hacker had stolen all of the Bitcoins from the Silk Road 2.0 marketplace server. Defcon's messages indicated that the stolen funds had been held on the Silk Road 2.0 server to cover user balances available for withdrawal.
b. On or about September 10, 2014, Defcon provided his support staff with the Bitcoin address where he believed the hacker had transferred the stolen funds to (“Bitcoin Address- 1”). I have checked publicly available information on the Blockchain regarding Bitcoin Address—1, which indicates that, on or about September 10, 2014, hundreds of transfers were made to that address, for a total of approximately 2,987.8 Bitcoins, the equivalent of approximately $1,412,000 in United States currency based on the prevailing exchange rate that day.
Trendon Shavers (aka pirateat40) Faces Criminal Fraud Charges
A smaller note in yesterday's busy day for Preet Bharara, criminal fraud charges were announced against Trendon Shavers, also known as pirateat40, for running a Ponzi scheme. In Preet's own words: Continue reading
Irish Man Caught Up In Operation Onymous Alleged To Own US $2.3M In Bitcoin
A 33 year old Irish man caught up in Operation Onymous is alleged to have USD $1.5M stashed away in bank accounts located in Switzerland, Belize and Poland as well as USD $2.3M in bitcoin according to the Irish newspaper the Herald. Continue reading