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Tag Archives: bitcoin

Bitcoin news roundup 15 April, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Support for a UASF has been building up Last week, DeepDotweb reported some miners were allegedly engaging in unfair practices that can harm the network, and that was just one more chapter of bitcoin’s seemingly never-ending scaling debate. News of these alleged practices created a movement, as many believe ... Read More »

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Bitcoin Price analysis April 13 2017

The price of Bitcoin has been trending up the last 3 weeks, making consistent zig zag pattern from $891 to a high of $1229. What looks like a renewed bull trend has given life to bullish hopes. From the traders’ forums, to twitter forecasts and price analysis – almost everyone seems to be bullish. Some analysts are predicting lofty highs ... Read More »

WA State Bill to Ban Bitcoin at Marijuana Shops Dies, & the Companies that Bring Bitcoin to Marijuana Stores

According to an anonymous source within the Washington state legislature, Senate Bill 5264, a bill to prohibit marijuana retailers from accepting bitcoin as payment for their products, has died in committee. While the bill remains in the state Senate Committee on Commerce, Labor & Sports, it appears that the bill’s prime sponsor, Republican state Senator Ann Rivers, has withdrawn her ... Read More »

Bitcoin news roundup, April 8, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Some miners are allegedly engaging in unfair practices that can harm the network Bitcoin Core developer and Blockstream CTO Greg Maxwell recently alleged through a bitcoin mailing list that a major mining hardware company has been exploiting a known weakness in bitcoin’s proof-of-work system, allowing the company to mine ... Read More »

Prison for Former Bitcoin Exchange CEO

C. Aliens Prison for Former Bitcoin Exchange CEO On March 21, 2017, the U.S. Attorney’s Office of the Northern District of Ohio announced Daniel Mercede’s sentencing information. Mercede, a 29-year-old Bay Village man pleaded guilty to access device fraud, bank fraud, and operating an unlicensed money exchanging business. Law enforcement pursued him after he used stolen credit card to operate ... Read More »

Darknet Vendor Selling Bitcoin Forum Databases With 12m Entries

DoubleFlag, a vendor on TheRealDeal darknet marketplace, recently posted a listing that caught even darknetmarket regulars by surprise. For $400, anyone with the technical know-how can own databases from Bitcoin discussion forums with a grand goal of 12,000,000 user entries. Some of the most well known forums now have their user data listed on the darknet. The entity, whether a ... Read More »

Prosecutors in Norway Want Silk Road Vendors’ Bitcoin

Three Norwegian men who were originally arrested in 2015 in connection with drug dealing on the original Silk Road web site, as well as on Silk Road 2.0, have finally been charged. Prosecutors in the case are demanding the accused drug dealers pay 120 BTC, in addition to 3.1 million Norwegian kroner. The country has never before asked for payment ... Read More »

Bitcoin news roundup April 2, 2017

This week’s summary of various cryptocurrency news and developments: New developments MasterCard survey shows European shoppers are wary of digital currencies According to CoinDesk a survey conducted by MasterCard shows European consumers don’t seem to be too fond of digital currencies when paying for things online. The survey reportedly polled nearly 43.000 people between the ages of 18 and 64, ... Read More »

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Bitcoin Price Analysis 29th March 2017

The Bitcoin Bull Trap This week the price of Bitcoin broke down to new lows, last seen in 2016 before the infamous run up to $1350. It has only been 20 days since the top. $895 caught plenty of traders off guard, as they soaked in the reality of a hard fork induced bear market. Since the last price analysis, ... Read More »

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Tutorial – How To Accept Bitcoin Payments On Your Website

Bitcoin is an attractive payment method for online entrepreneurs mainly due to the fact that its transaction fees are negligible when compared to other popular online payment methods such as wired transfers, payment processors (e.g. Paypal) or credit card transactions. Accordingly, this can lead to a higher profit margin, a more competitive pricing model and the ability to offer services ... Read More »

Bitcoin news roundup, March 26 2017

This week’s summary of various cryptocurrency news and developments: New developments: A bitcoin scaling meeting may take place in May According to CoinDesk, a small group of bitcoin industry leaders, developers, and miners plan on discussing the cryptocurrency’s future in a meeting taking place in New York, in May. A notice including a list of potential guests was posted to ... Read More »

Woman Buys Drug From Darkweb With Bitcoin, Faces 4 Years in Prison

Jamie Marie Robertson, a 32-year-old woman charged for unlawful use of a communications facility, pleaded guilty in the Lubbock federal court. Robertson will face up to four years in prison for her key role in the distribution of fentanyl on the darknet, a powerful synthetic opiod analgesic that is 100 times more potent than morphine, according to the National Institute ... Read More »

A brief summary on Bitcoin Unlimited

Following the growing need for a scaling solution to be implemented in Bitcoin, the prospect of a hard fork to the Bitcoin Unlimited consensus rules seems to be becoming a very real possibility. Exchanges have issued a group contingency plan in case of an hard fork stating that Bitcoin Unlimited will be listed as an alternative cryptocurrency. Bitfinex has even ... Read More »

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A Public Transport Ticketing System That Accepts Bitcoin

In many parts of the world today, public transportation is faced by the problem of seemingly inconvenient ticketing processes. Bitcoin is a decentralized currency that can easily solve such problem. A group of developers from Liverpool University proposed a novel ticketing system for public transportation, which is comprised of an automatic ticketing vending machine that supports bitcoin payments. An essential ... Read More »