It’s now been over seven months since I’ve been writing about Bitcoin and other digital currencies that exist around the globe. One thing I’ve failed to do for you the readers is… What the heck is Bitcoin anyway?!! Over the next few weeks I will be covering the following things to help bring you into…
Towards the beginning of April, two federal agents were accused of blackmailing defendants in the trial of the underground drug market “Silk Road” and stealing over $1.5 million dollars worth of Bitcoin. This week these two agents were charged. These two agents were charged with money laundering, wire fraud, theft of government property, and a huge…
Tmobile Poland announced yesterday that they have begun accepting Bitcoin as a form of payment for pay as you go phones. Why would anyone transfer currency to Bitcoin just to pay a silly bill? How about a 20% discount on your bill?!! Tmobile will not be actually holding any Bitcoins. They are using a third…
The Black Market. The Dark Corner of the internet. The Silk Road. The Silk Road was the most popular ‘black market website’ run by the man Ross Ulbrict, a 30 year old from San Francisco. Ulbrict was arrested in October of 2013 and has been awaiting trial with charges of money laundering, hacking, conspiracy to…
Coinbase Exchange has been live in 25 of the 50 states for the past week. Bitcoin prices at the start were very optimistic. Reaching nearly $300 and as the week has gone on settled back down near $220. The hype behind a US based Bitcoin exchange is there. I believe that Coinbase rushed to get…
Friday marked a huge milestone for Coinbase where it has secured over $75 Million in funding from notable large investors like NYSE and USAA. With this funding they have said that they will be opening the first regulated Bitcoin exchange on US soil! Coinbase already operates in 19 other countries as a legitimate exchange and…
Oh Bitcoin you fickle beast. As the last few weeks have been a roller coaster of nothing but down. It looks like Bitcoin has finally rebounded a bit. Just enough to let the dust settle. After last weeks large dive in the market reaching as low as $173 on Coindesk’s ticker to rebounding a bit…
Happy New Year to everyone! After taking a week off for the holidays I’m back in the saddle to get you all of your Bitcoin news. The last week has been pretty busy for the Bitcoin community so lets get into it! BitStamp is the 3rd largest Bitcoin exchange in the world. BitStamp took over…