Peter Vessenes of the defunct Bitcoin Foundation told a news conference at the Daejeon Global Innovation Forum that Samsung stands to benefit from over half a billion dollars he expects to be invested in the production of 10nm ASIC chips for bitcoin mining over the next 18 months. Continue reading
Author Archives: cazalla
Chris Popple Of RBS In Regards To Bitcoin: "We're Definitely Interested In It"
The latest episode in a documentary series produced by The Drum titled "The Day Before Tomorrow" looks at Bitcoin and discusses it with various people such as Jeremy Liew, Joel Raziel and Chris Popple. While the episode is typical of what you might expect from an outlet that knows little to nothing about Bitcoin, the interview with Chris Popple is a little interesting. Chris Popple is the Managing Director of Digital at The Royal Bank of Scotland and in regard to Bitcoin he states: Continue reading
RBNZ: "Does Not Feel Threatened By Bitcoin
Grant Spencer, the deputy governor and head of financial stability for the Reserve Bank of New Zealand has told an audience at the Payments New Zealand Conference that the RBNZ does not see the rise of Bitcoin as a threat but he did express concern about the potential for broad cyber attacks. Continue reading
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
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.
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
Coin.org Sold For US $75,000 To Digital BTC
Coin.org has been sold for US $75,000, making it the largest price paid for a .org domain so far in 2014 according to DNJournal. The Coin.org domain was purchased by digital BTC, an Australian bitcoin mining/software company. The sale was brokered via Domain Guardians, also known for having brokered the purchase of BTC.com. BTC.com went up for sale in July of this year and in August was sold to con/scam artist Josh Garza of GAW Miners for US $1,000,000. Continue reading
Who Is Blake Benthall AKA Defcon AKA Veteran?
This article will be updated as more information is found.
As reported earlier today, the alleged operator of the Silk Road 2.0 Blake Benthall aka defcon aka veteran has been arrested, but who is Blake Benthall? Following the virtual breadcrumbs left behind, we're able to gain some insight into this individual. Continue reading