ChangeTip today announced the release of an additional product feature that they're calling the One Time Tip Link. OTTL enables ChangeTip users to take their tipping beyond Twitter, YouTube and Reddit by allowing them to send tips to people via email and SMS.. at least that is how ChangeTip has decided to market the addition of OTTL to their controversial platform. Continue reading
DeviantTwo AKA Robert Christopher's December Arrest Flies Under The Radar
Despite the following news having managed to fly under the radar as is typical of some paedophiles, DeviantTwo aka Robert Christopher, who up until December 22nd of 2014 was better known for his participation in the failed exchange CryptoRush, was arrested last December and charged with child pornography offences.
Working with the FBI, Columbia County Sheriff's Office arrested Robert K. Christopher and charged him with:
- 23 counts of Transmission of Pornography by Electronic Device or Equipment.
- 23 counts of Possession of Child Pornography.
The Xoom Theft and the Future of the Dollar
Despite Xoom's vague assertion that "it doesn't think that customer data or customer money was involved in the Dec. 30 theft," the heist –consisting of an amount of dollars most holders of the currency can only dream of ever obtaining, as the vast majority of dollars are held by 1% of users, marks another foreboding blow to the future of USD. The value proposition for the average person just isn't there, and for the users attempting to send their hard-earned cash to families in need back home, dollars are looking downright evil. In fact, the only real use for dollars would be doing something illegal. "It's a mirage, basically. Stay away from it," say Bitcoin's major investors. Some are even speculating that dollars could be used to fund terrorism and pose threats to national security. What nation's security? The. Clearly, dollars will never work as a currency.
Remittance Company Xoom Loses Corporate Cash To Fraud
Xoom's Chief Financial has resigned amid news that $30.8 million in corporate money had been transfered overseas. Xoom's primary business is allowing individuals in the United States to send money to people outside of the country.
This case continues to highlight the extreme vulnerability too fraud faced by companies handling United States Dollars. This company whose entire business was foreign money transmission lost when facing the inherent structural deficiencies of the fiat banking and money transfer system. It seems unlikely that the fiat monetary system can survive its backbone of insecurity.
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
Bitstamp Requests Users Stop Making Deposits
UPDATE – I can confirm that upon logging into Bitstamp, a warning is displayed:
DO NOT DEPOSIT TO PREVIOUSLY PROVIDED BITCOIN DEPOSIT ADDRESSES. Deposits sent to previous address will not be honored. New deposit addresses are forthcoming.
Bitstamp has is alleged to have requested that users of the exchange stop sending bitcoin deposits to their Bitstamp accounts after some users began reporting inconsistencies with their balance after transferring bitcoin to the exchange over the past hour. The email that is alleged to have come from Bitstamp reads: Continue reading
20,000 In Britain Investigated For Online Comments
The Independent reports that more than 20,000 people in Britain have been investigated by Law enforcement for comments they have made online in a story about a law enforcement investigation of a tabloid columnist for an online comment. Continue reading
ESPN Sold Their Bitcoins
The New York Post reports that ESPN Events, the operator of the Bitcoin Bowl, sold their $500,000 rights payment delivered in Bitcoin by BitPay immediately upon receipt. Further the two competing schools accepted their appearance fee in dollars. BitPay is still under contract to sponsor this bowl game for two more years giving ESPN two more chances and various schools four more chances to hold the Bitcoin BitPay offers. Continue reading