Today the 2014 NCAA College Football bowl match ups were announced and the University of Central Florida Knights (9 wins, 3 losses) will be facing the North Carolina State Wolfpack (7 wins, 5 losses) in the Bitcoin St Petersburg bowl. The St Petersburg bowl which presently carries the Bitcoin name was born in 2008 as the magicJack bowl, before serving as the Beef 'O' Brady's bowl from 2009 to 2013. The game will begin at 8:00 pm Eastern time December 26th at Tropicana field, home of the Tampa Bay Rays baseball team and air on ESPN. Let's take a look at the teams: Continue reading
Category Archives: News
11 Bidders 27 Bids in Latest USMS Bitcoin Auction
Reuters reports that 11 parties have entered 27 bids for Bitcoins in the latest Auction by the United States Marshals Service. Reuters notes in their write up that Steve Englander of Citi anticipated most bids being entered below market price.
Apple May Lose Big in Antitrust Case
AppleInsider is reporting that Apple Inc.1 is currently defending itself in the United States District Court for the Northern District of California against a class-action lawsuit accusing Apple of violating antitrust legislation. Continue reading
Apple is, of course, the company worth more than the entire Russian stock market. ↩
Justice Department's Subpoena to Theymos of Bitcointalk
In a continuation of the saga of the subpoena sent to Theymos of Bitcointalk, the subpoena has now been released. Full plain text below: Continue reading
Bitcoin History: Heroin Store Joe Job and the Bitcointalk Subpoena
Earlier today Theymos of Bitcointalk revealed that he satisfied a subpoena by prosecutors in the United States related to the yet to be tried Ross Ulbricht case. He offered that he turned over posts related to the account "altoid" alleged to be connected to Ross Ulbricht. He also admitted turning a number of posts, including posts deleted by users from a thread titled "A Heroin Store" which posed and interesting thought experiment: Continue reading
First Difficulty Drop of the ASIC Age
Today's difficulty change marks the first time since the introduction of Bitcoin mining ASICs that the network difficulty has dropped. Network difficulty went from 40,300,030,328 to 40,007,470,271 which is a loss of 0.73 percent. The first difficulty decrease happened in 2011 when pool operators discovered the existence of botnet miners for the first time and banned several. Other difficulty decreases happened during the GPU mining era when price dips made the energy cost of mining unprofitable in the near term. Since January 2013, the month before the introduction of the first commercial ASIC miners by Avalon mining difficulty has increased by more than 1,300,000 percent.
Australia: The Tax Institute Calls for 'Voluntary' Bitcoin Registry, Treating Bitcoin as Currency
In a filing with the Australian Parliament the Tax Institute proposed a number of changes and suggestions for future measures the Australian Government could consider with respect to Bitcoin. Among those changes were treating Bitcoin as a currency rather than a good which would end the burden of processing GST taxes on Bitcoin purchases, a bane which has lead at least one startup to leave Australia. Also proposed is a "voluntary registry" of Bitcoin addresses in order to: Continue reading
United Kingdom Severely Constrains Porn Production
Today an amendment to the 2003 Communications Decency act went into effect that severely limits the acts that can be portrayed in pornography produced in the United Kingdom. The changes apply restrictions that the United Kingdom has placed on content produced for DVD porn and extends those restrictions to Video on Demand Porn. Pornographer Erika Lust regrets the changes as: Continue reading
ChangeTip Raises $3.5 Million Lead by Pantera Capital
According to CoinDesk the Reddit and Twitter tipping service ChangeTip has raised $3.5 million in a funding round lead by Pantera Capital.
UN Report Criticizes United States on Human Rights
A recent report by the United Nations High Commision for Human Rights Committee on Torture excoriated the United States for its human rights record at home and abroad in it first review of the United States since 2006. The United States record was reviewed along with those of several other parties to the 1987 U.N Convention Against Torture which was ratified by the United States in 1994. A number of issues raised in the committee's conclusions include: Continue reading