Are corporations reliant upon humans to survive? Over the course of the last 100 years, the answer has been increasingly no. Corporations are continuously shuffling capital inside their organizations,
Sunday, February 22, 2015
The Blockchain: Evolution of the Corporate Nucleus
Are corporations reliant upon humans to survive? Over the course of the last 100 years, the answer has been increasingly no. Corporations are continuously shuffling capital inside their organizations,
Samsung to Acquire LoopPay to Compete With Apple Pay
Electronics and technology giant Samsung Electronics Co. Ltd., is stepping into the mobile payment industry, announcing earlier this week it had agreed to acquire Apple Pay rival LoopPay, a mobile wal
Weekend Roundup: The Blockchain as EU’s ‘Weapon Against De-flation’, Robocoin Becomes ‘Android of ATMs’
Weekend Roundup from CoinTelegraph
Stripe Finally Opens Up Bitcoin Payments To Everyone
Stripe has finally opened up Bitcoin payments for all of its users, after more than a year of beta testing. The new service launched today and merchants can add Bitcoin as an option for their customer
Saturday, February 21, 2015
Are Bitcoin Companies Vulnerable to Equation Group Style Attacks?
Kaspersky recently uncovered Equation Group, a nasty cybercrime operation that embeds malware in hardware all around the world. It's hard to detect. Once malware is installed, it's difficult to get ri
10 Tips to Create Your Own Cryptocurrency
DemocraticCoin, or DCoin for short, is a project seemingly born of necessity. Vanchuk Dmitriy, DCoin's developer, lives in Russia. You know – the Russia where state actors are making it harder and sca
Int. Virtual Crypto Summit 2015 Presents Rare Opportunity to Connect with Global Crypto Community
On Feb 26, the Crypto Virtual Summit 2015 will go live, offering the global crypto community a rare opportunity to connect and get a global perspective on the state of the crypto economy for free!
DAILY DIGEST: Stripe Launches Bitcoin Integration, 'Inside Man' Covers Bitcoin
BITCOIN DAILY DIGEST about Crypto Media Outlets Targeted by Fraud Ring, Stripe Launches Bitcoin Integration after Nearly a Year of Testing, “Inside Man” Covers Bitcoin, Dell Now Accepting Bitcoin in t
Robocoin Relaunches to Become ‘Android of ATMs’
BTM developer Robocoin has unveiled its hotly rumored new direction in the form of a software development kit (SDK), which will allow any ATM to function as a Bitcoin ATM (BTM).
Bitcoin-Wave Announces Bitcoin Debit Card
Bitcoin-Wave, a Seychelles incorporated Bitcoin exchange dedicated to the European market, announces it will soon offer Bitcoin debit cards, enabling users to make transactions in the Euro-zone for fr
Friday, February 20, 2015
Greece’s Varoufakis: Bitcoin Can Be Used in Eurozone ‘As Weapon Against Deflation’
Greek finance minister Yanis Varoufakis has hit back at criticism resulting from his appraisal of Bitcoin in a blog post last month, calling Bitcoin “too deflationary to work” while continuing to supp
U.S. Marshals Hold Third Bitcoin Auction
The U.S. Marshals Service is holding its third Dread Pirate Roberts (DPR) bitcoin auction this March 5th, 2015. These bitcoin were seized from Ross Ulbricht, allegedly the Dread Pirate Roberts, in relation to the Silk Road prosecution, an online black market bust primarily related to the sale of illegal drugs.
At auction are 50,000 bitcoin separated into two series. The first (series A) will consist of ten blocks of 2,000 bitcoin each, requiring a deposit of $100,000. The second series (B) will consist of ten blocks of 3,000 bitcoin each, requiring a deposit of $150,000.
Not all of the coin at auction were necessarily involved in some form of illegal transaction. There were some legitimate merchants who sold perfectly legal goods through the Silk Road platform.
Like the previous two auctions, the current one is blind, meaning that bidders will not know the value of the other bids. The first auction was held last summer for just under 30,000 bitcoin, in nine blocks of 3,000 and a partial tenth block. Participants had to deposit a minimum of $200,000 to take part.
Tim Draper won all the blocks up for sale in the first auction.
He also claimed 2,000 bitcoin from the second auction of 50,000 bitcoin that was held in early December, 2014. The remaining 48,000 bitcoin (19 of 20 blocks) were won by syndicate bidders led by SecondMarket and the Bitcoin Investment Trust (BIT).
The second, most recent auction had 11 registered bidders and 27 resulting bids.
Parties interested in the upcoming third auction should be aware that the bidder registration has opened from February 17th, but will close at 12:00 EST on Monday, March 2nd, 2015.
Deposits for the auction must originate from a bank located within the United States, and bidders must confirm that they have no association with Ross Ulbricht.
Registration consists of the deposit along with a manually signed pdf copy of the registration form, a copy of a government issued photo ID (of the bidder or control person) and a copy of the wire transfer receipt.
The auction starts at 08:00 EST on March 5th and will last until 14:00 EST the same day.
For more information about the auction, visit the U.S. Marshals site here.
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