Bitcoin Shop announced an equity redemption in a press release given to Market Watch. The officers and directors unanimously agreed to the redemption of 12,750,000 shares of their common stock. This redemption serves as a discounted buyback of the founders' common stock as the total payment for the 12,750,000 shares was filed as $2,491. This implies the stock was redeemed for $0.0002 per share, a 40,000% discount of the current market value of BTCS at $0.09 per share. Continue reading
Category Archives: Bitcoin
I'm Gavin Andresen And Welcome To Jackass
This is a copy of the AMA held by Gavin Andresen on the 21st October, 2014 and provided for your reading in a format that is easier to do so. Continue reading
Army Research Office Funds MIT Bitcoin Price Research
In a recent press release, the MIT News Office announced the publication of a paper by researchers attempting to predict Bitcoin price by Bayesian regression. The paper's subject matter and methods are of specialist interest, but a matter of more general interest appears in the paper's acknowledgements: Continue reading
MooPay Scam Leads to Possible Bitstamp Blacklists
A former MooPay employee, Eoghan Hayes, recently claimed the company's CEO, Alex Green, has stolen 3700 BTC of funds from its subsidiary MintPal and was keeping them in a personal wallet. The coins have since moved to new addresses. Continue reading
Bitcoin tells Big Banks: "Thanks for lunch!"
From October 10-11, 2014, at the Institute of International Finance Annual Membership Meeting in Washington DC, CEOs from the world's largest banks gathered together to hold hands and sing kumbaya in the hope that Bitcoin would be gentle.1 Continue reading
Of course, Bitcoin will be nothing of the sort – Bitcoin will be quite the opposite of all that is fair, nice, and fiat. That's kinda the fucking point, y'know? ↩
The Register: Man Hunts Insufficiently Random Nonces, Blockchain.info Wallets Vulnerable
According the The Register, Filippo Valsorda has released a tool which uncovers transactions that leak private keys on the Bitcoin blockchain. The tool is called Blockchainr and is available on Github. The attack highlighted is the same one which last year lead to the emptying of a number of wallets on the Android platform in which insufficiently random nonces in ECDSA signatures leave private keys solvable. Valsorda noted that the Blockchain.info wallet's dependency on the user's web browser to provide a random nonce leaves it vulnerable to this avenue of attack. Previously Valsorda released a tool which checks for vulnerability to the Heartbleed defect.
Vietnam: Prosecutors Reject Charging Bitcoin Traders
Thanh Nien News reports that three individuals arrested in Khanh Hoa Province for buying and selling Bitcoins have been released without charges on the order of local prosecutors. Police plan to continue pursuing the case by appealing to the Supreme People’s Procuracy to continue the prosecution. In the course of the arrest nearly 500 million Vietnamese Dong were seized along with computers and documents. According to the deputy head of the local prosecution unit "the three did not engage in an illegal transaction since Bitcoins are not a recognized currency or commodity in Vietnam and therefore cannot be considered a banned item."
Lawsky Stays Lulzy
Benjamin Lawsky, the superintendent of financial services for the state of New York, today discussed some of the changes, which he said is more of a clarification, to the rules for the proposed set of regulations that make up the controversial BitLicense plan. Continue reading
Labor Party Australia: Can't Ignore Bitcoin
Australian Labor senator Sam Dastyari has told the Australian banking sector that they cannot ignore Bitcoin simply by sticking their heads in the sand" and that it is headed their way because it's the future. Continue reading
Living Room of Satoshi Packs It In
Living Room of Satoshi, an Australian company which enabled users to pay BPAY enabled bills using Bitcoin, has shut its doors due to concerns regarding the recent Goods and Services Tax ruling from the Australian Tax Office. The company had only recently won "best pitch" at the Future of Payments conference held in Sydney, Australia on the 19th of September. Continue reading