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Qntra - Herald Of The Most Serene Republic |
A Normal man1 has been sentenced by Chief U.S. District Judge James Shadid to 48 months in federal prison for operating a bitcoin exchange. 55 year old John Powell of Normal, Illinois plead guilty to two counts of operating an unlicensed money service business.
Powell received US $3 million over an 18 month period up until February 2014. Upon completion of the sentence, Powell will serve three years of supervised release.
top kek! ↩
Barry Silbert has self disclosed on twitter that his bidding syndicate has won 48,000 BTC in the recent United States Marshal's Service auction. Tim Draper had earlier announced winning the other 2000 BTC up for bidding. Silbert's tweet:
Announcement: Pleased to share that the syndicate organized by
@BitcoinTrust & our trading division won 48k bitcoin auctioned by US Marshals
Naked Security has news of a new piece of ransomware which is unlike more recent ones in that it is not simply a variant of CryptoLocker. Sophos have named the virus VirRansom and it differs to CryptoLocker in that it infects other files instead of just encrypting them in order to hold a user at ransom. Continue reading
In February of this year, BitPay launched an open source JavaScript library titled Bitcore. The project aims to encourage and assist developers in building software which interfaces with the Bitcoin network. Unfortunately, it appears someone at BitPay has inadvertently allowed the bitcore.io domain registration to lapse and it now sits in pending delete status. Continue reading
The United States Securities and Exchange Commission has fined Ethan Burnside for operating the Bitcoin Trading Company (BTC-TC) and Litecoin Global (LTC-Global) virtual currency securities exchanges. Per the SEC's order Ethan Burnside will pay: Continue reading
On their blog, Blockchain.info has disclosed that a routine update left them serving insecure code to customers using their wallet between 12:00 AM and 2:30 AM GMT today. All customers who used the Blockchain.info web wallet to interface to create wallets, generate addresses, or send transactions are reported to be affected. The problem given the scope appears to be that Blockchain.info was serving weak pseudo-random number generating software.
Last Thursday, Bankruptcy Judge Dennis Montali approved a joint statement from HashFast and its creditors in which it is made clear that no-one other than Simon Barber is interested in purchasing the remaining assets. Early last month, HashFast was ordered to auction off its assets but plans for the auction have been scuttled at the last moment as the Bid Procedures Order only received "lowball offers."
In addition to the joint statement released last Thursday, a document dated October 31st was made available. This document shows that a Venezuelan congressman by the name of Guido Ochoa made a bid of $420,000, which was accepted, for all HashFast assets but the ASICs. Continue reading
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
Despite a promise that 2014's Bitcoin Black Friday, held on November 28th, would be bigger, better, bestest than ever before, BitPay are yet to release any data for the event, something which they were quick to make public in previous years.
In fact, there is little information coming from anyone associated with the event. PYMNTS.com published an article in which they cite Bitnet's1 calculation that USD $296 million was processed by the Bitcoin network on Black Friday and Cyber Monday. There is no data which suggests this figure is attributable to BBF but that didn't stop Roger Ver, an investor in BitPay, from retweeting the article while ignoring requests for further information from other twitter users. Continue reading
Bitnet is a payment processor much like BitPay and Coinbase. ↩
Monthly statements from stocks listed at the MPEX exchange have been released for November. Official reports are available at Trilema. Here are some highlights: Continue reading
Barry Silbert