Online Cash Bitcoin Could Challenge Governments, Banks

siljaline · Jun 4, 2014

Bitcoin entrepreneur settles SEC charges over stock sales

(Reuters) - A well-known proponent of the electronic currency bitcoin agreed to pay nearly $51,000 to settle U.S. Securities and Exchange Commission civil charges that he publicly offered unregistered shares in two Internet ventures, the regulator said on Tuesday.

Erik Voorhees, 29, published prospectuses and solicited investors through the Bitcoin Forum website to buy shares in FeedZeBirds and SatoshiDICE, both of which he co-owned, without first registering the offerings as required under federal securities law, according to the SEC.
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http://www.reuters.com/article/2014/06/03/us-sec-bitcoin-settlement-idUSKBN0EE1U020140603

lotuseclat79 · Jun 4, 2014

A beginner's guide to Bitcoin.

Andreas Antonopoulos explains what bitcoin is, and how you can start using it.
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-- Tom

lotuseclat79 · Jun 4, 2014

Bitcoin is back: Price quietly jumps 80%.

Bitcoin, the controversial cryptocurrency, finally may be back in investors' good graces: It's up more than 80 percent from its April lows on a wave of good news and wider acceptance.
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-- Tom

lotuseclat79 · Jun 10, 2014

Data Mining Reveals the Factors Driving the Price of Bitcoins.

Two years ago a single bitcoin was worth around $5. Today it is worth around $600. Now one economist has worked out exactly what forces are behind this dramatic increase.
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-- Tom

mirimir · Jun 10, 2014

Interesting. There's no prominent reference to the theory that Mt Gox or its hacker was pumping and dumping.

But I haven't read the full paper yet, so ...

Edit: Searching, I see nothing about manipulation, pump and dump, etc.

ronjor · Jun 11, 2014

Expedia now takes bitcoin

Ben Miller
Contributing Editor- Puget Sound Business Journal
Jun 11, 2014, 6:48am PDT

Expedia Inc. said it now will accept bitcoin as payments for hotel bookings.
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http://www.bizjournals.com/seattle/blog/techflash/2014/06/expedia-now-takes-bitcoin.html

lotuseclat79 · Jun 14, 2014

US to auction 29,656 bitcoins seized from Silk Road.

These are only bitcoins located on Silk Road servers, not suspect's computer.
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-- Tom

ronjor · Jun 15, 2014

Bitcoin Wallet, Apps Re-Enter iOS Store After Apple’s Digital Currency Policy Shift

Jon Southurst

Apple is making good on their recent bitcoin policy shift, with a new bitcoin wallet app appearing for download in the iOS App Store.
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http://www.coindesk.com/bitcoin-wallet-apps-re-enter-ios-store-apples-digital-currency-policy-shift/

lotuseclat79 · Jun 15, 2014

Bitcoin security guarantee shattered by anonymous miner with 51% network power.

In a first, one player got a monopoly of Bitcoin's total computational power.
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-- Tom

lotuseclat79 · Jun 15, 2014

ronjor said: ↑

http://www.coindesk.com/bitcoin-wallet-apps-re-enter-ios-store-apples-digital-currency-policy-shift/
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Coin Pocket picks up speed after Apple lifts its Bitcoin wallet ban.

A new Bitcoin wallet app is climbing up the charts in Apple’s App Store after a prohibition on such apps ended recently.
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-- Tom

Ocky · Jun 16, 2014

‘Bitcoin Jesus’ Calls Rich to Tax-Free Tropical Paradise

The ever-expanding universe of what you can buy with bitcoins includes a hotel stay in Rome, a kimono in Tokyo, and cable TV in the U.S. Ver, a pioneer investor in bitcoin startups, now says he can add citizenship to the list.

Specifically, that’s the right to live in the Federation of St. Kitts and Nevis, two sun-kissed islands a three-hour flight from Miami. St. Kitts has run an invest-and-become-a-citizen program since 1984, making it the oldest of its kind, says the country’s website.
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lotuseclat79 · Jun 17, 2014

Is One Bitcoin Miner Controlling the Entire System?

One of the basic ideas behind Bitcoin is that it exists outside the control of any centralized power. That no longer seems necessarily true. GHash.IO, a particularly powerful organization of Bitcoin miners, turns out to have at times controlled more than half of all Bitcoin mining activity—a development that some think poses a new threat to the system.
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-- Tom

lotuseclat79 · Jun 17, 2014

Bitcoin security platform BitGo raises $12M in funding.

Silicon Valley investors back the security startup, which aims to safeguard user accounts with a multi-signature wallet.
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-- Tom

lotuseclat79 · Jun 20, 2014

Rise of Powerful Mining Pools Forces Rethink of Bitcoin Design.

Bitcoin may need to be redesigned to fix a flaw that gave one company a chance to manipulate the cryptocurrency.
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-- Tom

lotuseclat79 · Jun 23, 2014

Bitcoin Mining Now Dominated by One Pool.

The big news in the Bitcoin world, is that one entity, called GHash, seems to be in control of more than half of all of the mining power. A part of Bitcoin’s appeal has been its distributed nature: the idea that no one party is in control but the system operates through the cooperative action of a large community. The worry now is that GHash has too much power and that this could destabilize the Bitcoin system. Today I want to explain what has happened, why it provokes worry, and how I see the situation.
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-- Tom

lotuseclat79 · Jun 26, 2014

The Bitcoin App That Could Create a Black Market for Leaked Data.

Whistleblowers like Chelsea Manning and Edward Snowden exposed classified information because they believed their leaks were in the public interest. The next secret-spiller might be motivated instead by something less magnanimous: money.
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-- Tom

mirimir · Jun 26, 2014

BlackNet

lotuseclat79 · Jun 30, 2014

Mt. Gox Chief Executive: Bitcoin Heist Wasn't Just Hacking.

When Mt. Gox lost almost $400 million of its customers’ digital currency in February, it seemed to be a complete failure of the company’s digital security. But in an interview with the Wall Street Journal, the now-defunct exchange’s chief executive said that old-fashioned physical security was a problem, too.
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-- Tom

JRViejo · Jun 30, 2014

In addition to Bitcoin, the California legislature’s assembly floor analysis calls out Amazon Coins and Starbucks Stars as recognized currencies. Amazon Coins can be exchanged for Kindle fire apps and games, while Starbucks Stars can purchase drinks and food.
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Bitcoin Legalized in California by Gabrielle Karol

lotuseclat79 · Jul 1, 2014

Newegg is now accepting Bitcoin.

What is Bitcoin? What are the advantages of using Bitcoin? How do I pay with Bitcoin at Newegg?
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-- Tom

mirimir · Jul 1, 2014

Someone needs to develop an onion-routing shipping system

siljaline · Jul 1, 2014

Mystery bidder plunders the whole haul in Silk Road Bitcoin auction

The US Marshals Service says the entire hoard of Bitcoins seized from shuttered online drugs souk Silk Road have gone to a single bidder in an auction held on Friday.
The 29,656.51306529 Bitcoins that prosecutors wrested from wallets belonging to Silk Road have an estimated real-world value of around $19m at today's exchange rates. We don't know whether the winner got a good deal on them, though, because the feds did not disclose the value of the winning bid.
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http://www.theregister.co.uk/2014/07/02/silk_road_bitcoin_auction/

mirimir · Jul 2, 2014

Well, we know that they went to 1Ez69SnzzmePmZX3WpEzMKTrcBF2gpNQ55, and then to 1a8LDh3qtCdMFAgRXzMrdvB8w1EG4h1Xi. Any clues?

lotuseclat79 · Jul 4, 2014

We Now Know Who Bought All The Government's Bitcoins.

Legendary VC Tim Draper has announced he won each of the nearly 30,000 Bitcoins the government auctioned off Friday.
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Note: Tim Draper wants to divide California into 6 different states in order to help the aristocracy of Silicon Valley according to Valleywag.

-- Tom

lotuseclat79 · Jul 2, 2014

The Future of Bitcoin Storage: Wallets + Vaults.

A good bitcoin wallet does many things: it is secure, easy to use, and facilitates spending of bitcoin across a growing number of platforms and merchants.

This sounds simple enough. Yet as we worked on the Coinbase wallet, we often found these goals to be in conflict with each other.

Consider the following two goals:

Ease of Use: Low friction spending is key to more bitcoin adoption. Bitcoin is already much simpler than entering a credit card online, but whenever we require a verification step involving your phone or a link in your email, it adds a bit of friction to the process.

Security: At the same time, the bitcoin world has seen attacks from cyber criminals increase. By making sending bitcoin easy, it makes a bitcoin wallet an easier target for nefarious attackers.

Compounding the issue, bitcoin is still an investment for many customers. For them, their #1 goal is to never lose bitcoin. In fact, they would appreciate more friction in the sending process to ensure their bitcoin is safe.

How do we reconcile these two goals? After many designs iterations, we are proud to announce a new account type on Coinbase: The Vault.
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-- Tom

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