14 Bidders 34 Bids In Latest USMS Bitcoin Auction

Bloomberg reports that an auction held today by the USMS1 for 50,000 BTC attracted a total of 34 bids from 14 participants including third time bidders SecondMarket. The fenced goods are expected to be transferred to the winner/s of the auction by Monday at the earliest.

Alluding to Buterin's Waterfall, Gil Luria of Wedbush Securities Inc was quoted by Bloomberg as saying: Continue reading


  1. Mirrored here as the USMS have deleted the pages for previous auctions. 

Missouri Secretary of State Orders Slaughter to Pay Civil Penalties

AMC/VMC 'CEO' Kenneth Slaughter has been ordered to pay civil penalties of over $30,000 for multiple violations of Missouri Securities Act. Violations include, but are not limited to: offering/selling unregistered securities, making untrue statements and omitting to state material facts. Continue reading

Aspiring Bitcoin Journalist Arrested For Recruiting For ISIS

A 17 year old teenager from Virginia in the United States who was arrested by the FBI last Friday for his alleged involvement in providing assistance to a man who wished to travel to Syria so as to fight alongside ISIS has been identified as Ali Shukri Amin.

Amin, who wrote for the Bitcoin news site Coin Brief on a variety of topics including Dark Wallet and Open Bazaar, is reported to have been charged as a juvenile for his as yet to be announced crimes. Attempts to charge the student as an adult are also reportedly under way. Continue reading

Leaked Emails Detail Inner Workings Of Josh Garza's Scams

Alleged emails which detail the inner workings and day to day operations of Homero Joshua Garza's fraud outfit known as GAW Miners have been leaked. The damning emails not only confirm long held suspicions about Garza's operations but also bring to light other debacles GAW Miners finds itself involved in. The emails confirm: Continue reading

Antonopoulos, AFP, AG & ATO Appear Before Australian Senate

A second public hearing held by the Australian Senate on the topic of digital currencies began earlier today with the morning session kicked off by none other than Andreas Antonopoulos. Antonopoulos' appearance as an expert witness before the committee is a puzzling choice due to Antonopoulos' history of involvement with numerous scams such as Neo&Bee and the Bitcoin Foundation. Antonopoulos is alleged to have lied to the Australian Senate by claiming that 2 billion unbanked were at Australia's doorstep. Continue reading

Overdose Case Leads to Money Laundering Charges

A law enforcement investigation into drug overdoses in the Grand Forks, North Dakota area has lead to one of the case's defendants facing money laundering charges in addition to the drug related charges, for reasons that seem to entirely involve the particular defendant having at one point used Bitcoin for something. The 20 year old defendant's drug related charges include "conspiracy to possess with intent to distribute controlled substances resulting in serious bodily injury and death." Continue reading

Europol: Bitcoin Will Intersect With Organised Crime, Political Movements, Technology & Others

Europol has published a report titled "Exploring Tomorrow's Organised Crime" in which Bitcoin and alternative coins such as Darkcoin are cited as a means for criminals to anonymously receive and send payment for their services. Europol's research looks at eight key drivers it believes will shape the future of organised crime both online and offline within the European Union. Those eight drivers include: Continue reading