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 →

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 →

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 →

Peter Thiel, notable for being the founder of global surveillance firm Palantir and a co-founder of Paypal, today described Bitcoin as "lacking a Payment system" of the sort Paypal had while also criticizing it for introducing a new currency "for speculators." Thiel also insisted commerce happening in Bitcoin was almost entirely illegal. In his conversation with US today Thiel noted he has roughly three quarters of his wealth tied up in illiquid tech stocks.