Tagged: bitcoin

August 4, 2018 @ 9:59 am By Cali Haan  |  

Josh Metnick, the CEO of Random Crypto, a company offering a new tool for calculating the profitability of crypto mining, says that similar calculators are failing to show the truth about mining proof-of-work cryptocoins like Bitcoin: that doing so is usually only profitable for very… Read More

August 3, 2018 @ 5:34 pm By JD Alois  |  

Coinsource has announced its 200th Bitcoin ATM. Coinsource reports that it recently added 17 new machines in Florida, thus surpassing the 200 machine mark. Using the Coinsource ATMs, users my purchase up to $5000 worth of Bitcoin at a time. CEO Sheffield Clark explained they… Read More

August 3, 2018 @ 5:01 pm By Cali Haan  |  

A LocalBitcoins seller in Arizona has been sentenced to 41 months’ imprisonment (with credit for time served) after being convicted by a jury of trading bitcoins for drug money. According to a release from the Arizona District Attorney’s Office, federal agents began investigating Thomas Mario… Read More

August 3, 2018 @ 4:46 pm By Cali Haan  |  

A major announcement today from the owner of the New York stock exchange conveyed by Fortune magazine is being viewed as something of a blockbuster in crypto circles. Jeffry Sprecher, founder and CEO of Intercontinental Exchange (NYSE:ICE), is seeking approval for a venture ICE is… Read More

August 3, 2018 @ 10:01 am By Cali Haan  |  

Cryptocurrencies are hard to value, says the North Carolina State Board of Elections and Ethics, and for this reason, candidates running for office in the state may not accept donations of cryptocurrency, News Observer reports. A Republican candidate seeking to represent House District 41 in… Read More

July 31, 2018 @ 9:59 pm By Cali Haan  |  

The rial traded at historic lows this weekend in Iranian black markets as financial problems made worse by US sanctions continue to take a toll on the country. According to the Arab Times, Iran’s national currency traded at 116 000-to one US dollar Saturday before… Read More

July 26, 2018 @ 5:48 pm By JD Alois  |  

Commissioner Hester Peirce has slammed the Securities and Exchange Commission’s decision to deny trading of the Winklevoss Bitcoin Trust on Bats BZX Exchange in a public statement. Peirce stated; “I am concerned that the Commission’s approach undermines investor protection by precluding greater institutionalization of the… Read More

July 25, 2018 @ 11:25 pm By JD Alois  |  

Bitcoin is in a bit of a rally right now and BitMEX may be benefiting from the investor interest. According to a report from the cryptocurrency exchange, BitMEX has topped the record of Bitcoin trading during a 24 hour period. The company states that 1,041,748 BTC… Read More

July 25, 2018 @ 3:03 pm By JD Alois  |  

Jon Montroll, also known as “Ukyo” – former operated of two crypto businesses WeExchange and Bitfiunder, pled guilty to securities fraud and obstruction of justice charges leveled against Montroll in New York Federal Court in New York this week. Montroll launched Bitfunder in 2012 where… Read More

July 25, 2018 @ 8:18 am By Cali Haan  |  

Researchers at the Bank of Canada have published a working paper stating that the proof-of-work reward system and large network size of Bitcoin protect it against attacks. The study, “Incentive Compatibility on the Blockchain,” is something of a vindication of Bitcoin’s high energy consumption. It… Read More

July 24, 2018 @ 7:30 pm By Cali Haan  |  

The Bitcoin Standard author Saifedean Ammous brought his book tour to Toronto yesterday, where he spoke in a light-filled penthouse workspace on key ideas from the book to a sold out crowd. Ammous is an assistant professor of economics at Adnan Kassar School of Business in… Read More

July 23, 2018 @ 12:19 pm By JD Alois  |  

In early 2018, the Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Dillon Michael Dean of Longmont, Colorado and his company, The Entrepreneurs Headquarters Limited. The UK registered firm and Dean have… Read More

July 23, 2018 @ 11:45 am By Samantha Hurst  |  

FitPay, Inc., a wholly owned subsidiary of NXT-ID, Inc. (NASDAQ), announced on Monday a co-marketing agreement with rapper, record producer, and entrepreneur Wesley Eric Weston, Jr., better known as Lil’ Flip aka ‘Flip Gate$’. According to FitPay, under this new agreement, Lil’ Flip and FitPay will collaborate to… Read More

July 23, 2018 @ 9:01 am By Cali Haan  |  

A man accused of using a digital token offering to defraud investors had his computers brought before him in a Quebec courtroom earlier this month and was forced by the presiding judge to hand over 420 bitcoins, Radio Canada reports. Dominic Lacroix planned his “Plexcoin”… Read More

July 22, 2018 @ 4:18 pm By JD Alois  |  

  A report in Ibena from last week indicates that the US government is confiscating Bitcoins held by Iranians and the confiscation is ongoing. According to Sepehr Mohammadi from the Iranian Blockchain Community, the US has seized 500 bitcoins or more. In May of this year,… Read More

July 19, 2018 @ 8:19 pm By Cali Haan  |  

Torrential rains in the mountainous Chinese province of Sichuan during late June caused loss of life, landslides, crop damage, the forced relocation of 9000 people, and at least 193 million yuan ($30 million) in economic losses. Global technicians also noticed a 30% concurrent drop in… Read More

July 19, 2018 @ 4:19 pm By JD Alois  |  

StartEngine. a full stack crowdfunding platform including ICOs, is now accepting Bitcoin. StartEngine becomes the first FINRA approved Reg CF funding portal to accept cryptocurrency from investors. The addition of Bitcoin is just further indication of the merging of the two sectors of more traditional… Read More

July 19, 2018 @ 2:01 pm By JD Alois  |  

While John McAfee was first known as a trailblazer in the anti-virus / anti-malware software industry, he has had a bit of a renaissance of sorts in the cryptocurrency realm. Never one to mince his words, via his twitter account McAfee stated he sees a… Read More

July 18, 2018 @ 10:09 am By Cali Haan  |  

Following recent reports that it has established capacious bitcoin mining farms in Washington State and Quebec, the Beijing-based Bitcoin mining giant Bitmain is now renting offices in a Silicon Valley office tower called Riverpark Towers, CCN reports. Bitmain will occupy the last available vacancy in… Read More

July 14, 2018 @ 1:06 pm By Cali Haan  |  

The grand jury indictment filed in Washington Friday by the Mueller team claims multiple units of Russian spies used bitcoins in, “large-scale cyber operations to interfere with the 2016 U.S. presidential election.” Although cybersecurity experts recently warned the US Senate Subcommittee on Crime and Terrorism… Read More