Payments processor EgoPay which has been troubled since at least December recently issued a blog post stating that they have fired employees likely responsible, and that the source of their problems was likely internal to their company. The full text of the post is preserved below for posterity. Continue reading
Category Archives: Fiat/BTC interfaces
Winklevii Intend New York Based Exchange
The Winklevoss twins are reportedly working on a New York based Bitcoin exchange that will exist in submission to all United States regulations. This is in spite of New York doing everything it can to write itself outside of Bitcoin in both its regulatory environment and legal climate.
Prosecutors Seek to Bar DPR Interview From Jury – Updated
In Wired Andy Greenberg writes that the Preet Bharara's team prosecuting the Silk Road case wants to bar the Jury from being exposed to the only interview done with the Dread Pirate Roberts of the Silk Road. The interview done by Andy Greenberg for Forbes is notable for sounding to Department of Homeland Security agents a lot like Mark Karpelès and containing a number of answers from the Dread Pirate Roberts which supports the argument presently being advanced by the defense that in spite of founding the Silk Road and being caught holding the bad for the Silk Road Ulbricht had little to do with the Silk Road for most of its history. Continue reading
NYSE Minority Contributor in CoinBase's Latest Fundraiser
In a release today CoinBase announced that among the contributors to its latest fundraising round were the New York Stock Exchange and others.
Pierre Omidyar also started a Qntra back in October. His failed.
We find via Conde Nast's1 Wired that something something Racket something something soft launch something something closed. Their glee is hardly concealed, but it will be short lived. Everyone in your school failing the same exam you marginally passed once does not really mean all that much ; there's other schools out there. The better parts : Continue reading
Also owners of Reddit, and generally a stronghold of all that is evil in the world. Check out The Awl's recent leak of their upcoming three-rule-binder for office drones to get an idea. Golden bits in there like
Please. WIRED is no longer a pirate ship. It's the home of world-changing journalism.
and
And it's increasingly a place where we, and our New York colleagues and owners, host artists, founders, CEOs, and advertisers.
Obama's "close down the world, mulatto in chief's coming for a visit" is slowly but surely trickling down through the entire stack of utterly corrupt, government-sponsored, government-backed, QE-fed leeches and aparatchicks. It's arrived to the point where Conde Nast is actually kicking out the last remaining workhorses in the stables to make room for Barnum. ↩
BitPay Lays Off 9 Employees Today
According to social media postings and sources familiar with BitPay the company has laid off 9 employees today. These layoffs come not long after BitPay has finished spending on the first of three Bitcoin Bowls they have committed to sponsor in an obligation that runs through December 2016. Continue reading
BitStamp Resumes Operations
Today wounded Bitcoin exchange Bitstamp resumed operations and moved to moved infrastructure into San Francisco. In a letter posted on the exchanges's website CEO Nejc Kodrič describes the new Bitstamp is build in a way that seems a bit contradictory: Continue reading
BitStamp Wallet Now Officially "Hacked"
A total of 18,867.62695929 BTC were moved from BitStamp's hot wallet to a wallet that is outside of their control. A statement attributed to Nejc Kodrič appears on Coindesk which differs from the one available on Bitstamp's own site. The Statement attributed to Nejc Kodrič on CoinDesk: Continue reading
Vault Of Satoshi Is Closing – Why?
Canadian owned and operated Bitcoin exchange Vault of Satoshi has announced their intentions to close the exchange as of February 5th 2015. As the timing of the announcement coincides with the current suspension of the Bitstamp exchange, VoS has stated that the decision to close the exchange has nothing to do with insolvency or stolen funds but merely a change of direction for the founders who wish to switch their focus to a non-Bitcoin project named TurboFlix. The announcement reads: Continue reading
Bitstamp Exchange Suspends Service
The sudden crisis at Bitstamp appears to have escalated from one of warning users not to deposit bitcoins and into a scenario whereby history may be repeating itself. The Bitstamp website has now been shuttered in order for security staff to assess the "security and soundness" of the exchange. The website now reads: Continue reading