62 Insane Facts About Bitcoin [Infographic – Updated October 2017]

Posted by on Nov 15, 2017 in Bitcoin, HeadLines | 0 comments

62 Insane Facts About Bitcoin [Infographic – Updated October 2017]

Created by the team behind BitcoinPlay taken from here. Bitcoin is a virtual currency that uses Blockchain technology for secure payments and storing money electronically, without requiring a bank or a person’s name. Satoshi Nakamoto created this cryptocurrency back in 2009. The biggest advantage of Bitcoin is that it’s not under control of central authority, government or private company, so people are free from paying transaction fees. It can be used for booking a hotel or flight, or purchasing products online, as many online stores and companies accept Bitcoin now. Today, there are 1354 Bitcoin ATMs in 55 countries around the world and about 5.8 million users that have digital wallets. The price for one Bitcoin at the moment is $5,602 and it’s growing continuously, proportionally with the interest for digital money. Take a look at this infographic, created by the team behind BitcoinPlay, that illustrates in details some interesting facts about this incredibly popular virtual currency.   Share this:ShareClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Click to email this to a friend (Opens in new...

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Article: 15 Best Bitcoin Exchange Reviews (and Guides) 2017

Posted by on May 30, 2017 in Bitcoin, HeadLines | 0 comments

Article: 15 Best Bitcoin Exchange Reviews (and Guides) 2017

15 Best Bitcoin Exchange Reviews (and Guides) 2017 http://flip.it/DX6w2T Share this:ShareClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Click to email this to a friend (Opens in new...

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Bitcoin mining is looking a bit more attractive again.

Posted by on Jan 28, 2016 in Bitcoin | 0 comments

Bitcoin mining is looking a bit more attractive again.

    by Olga Kharif olgakharif Bitcoin mining is looking a bit more attractive again. When the virtual currency’s popularity was surging just a few years ago, almost anyone could set up a computer in their basement to mine bitcoins, a process needed to record transactions and ensure the propagation of the digital money, which exists as software. Miners who put their machines to work solving complex computational problems (and paying for the hardware and a higher electric bill) were rewarded with new bitcoins for their efforts. Some became paper millionaires as bitcoin’s price jumped to a peak of $1,137 in 2013 from $13 in less than two years. Then, bitcoin’s price plummeted to a low of $183 last year, leaving only major miners with significant resources in the game. Many found it more profitable to join mining pools, or groups of miners that share computing power to harvest new bitcoins faster and more efficiently. Now, there are signs that broader mining efforts are making a comeback, thanks to bitcoin’s price doubling since September. While that isn’t the only factor that determines whether mining is profitable, it’s an important one. “When the price goes up, there’s more confidence in mining, and [mining equipment makers] go and design the next-generation chips,” said Bobby Lee, chief executive officer of BTCC, a bitcoin exchange based in Shanghai. “For people who already bought equipment, their ROI will increase.” BTCC also operates the world’s second-largest bitcoin-mining pool. Genesis Mining, which has more than 130,000 people buying computing power on its mining hardware to participate the mining process, is seeing higher returns. An investment of $419 yielded a return of about $2.42 a day in November, up from $1.14 in September. At higher bitcoin prices, a speculator would be able to recoup his or her money in about six months, instead of more than a year. “In a price-rising scenario, you can see demand that’s tripling,” says CEO Marco Streng. “And sometimes even higher.” It’s a risky endeavor. Bitcoin prices are notoriously volatile. Also, this year bitcoin’s software is scheduled to reduce by a half the number of coins that get rewarded for mining activities (part of a built-in supply regulating systems). At the same time, more powerful, and therefore expensive, equipment will be needed to keep up with the processing power required to mine bitcoins. For now though, the mining party is going strong. BTCC has seen the amount of computing power hooked onto its pool double in the past six months. “Everyone in our pool is making money, because people who aren’t making money would not have their machines turned on,” BTCC’s Lee said. Taken from here! Share this:ShareClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Click to email this to a friend (Opens in new...

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Ex-federal agent gets 6 years for stealing Silk Road bitcoins

Posted by on Dec 8, 2015 in Bitcoin, HeadLines | 0 comments

Ex-federal agent gets 6 years for stealing Silk Road bitcoins

Ex-federal agent gets 6 years for stealing Silk Road bitcoins Shaun Bridges, the second federal agent taken to court for stealing Bitcoins while investigating Silk Road, has been sentenced to 71 months or almost six years in prison. US District Judge Richard Seeborg told the court that he was compelled to hand a high-end sentence for one count of money laundering and one count of obstructing justice, as he saw the case as “an extremely serious crime consisting of the betrayal of public trust from a public official” motivated by greed. Bridges, who was part of the Baltimore Silk Road Task Force, ransacked drug dealers’ accounts, locking them out and stealing around 20,000 bitcoins in all. That was worth around $350,000 at the time, but as of this writing, that number of bitcoins is already equivalent to almost $8 million. According to Ars Technica, Bridges obtained access to various Silk Road accounts when the feds struck a deal with Curtis Green, a customer service rep for the website, back in 2013. Green took the witness stand during his trial to reveal that the former Secret Service personnel asked him to explain how to change account passwords three times when he was briefing them about the website. Bridges then used Green’s account to plunder wallets and transfer bitcoins into his own — an act Green called calculated, as the agent knew that Silk Road founder Ross Ulbricht would easily find out who made the transactions. Green said Ulbricht and his senior adviser Variety Jones, who was arrested in Thailand a few days ago, wanted him dead after that, and he received numerous death threats as a result. Stealing wasn’t Bridges’ only offense, though: he also caused other investigations to fold up. Since the bitcoins he stole couldn’t stay in that initial wallet forever, he transferred them to all to Mt. Gox. Yes, that’s the controversial Japan-based bitcoin exchange service that closed up after allegedly losing a lot of money to a security breach and an inside job. Ars says Assistant United States Attorney (AUSA) Kathryn Haun told the court that when Bridges found out about the feds’ Mt. Gox investigation, he quickly withdrew all his money out to make sure they don’t find his details there. He then “turned around to the AUSA and did a civil seizure warrant to [Mt. Gox founder Mark] Karpeles.” Bridges pled guilty in October, the same month Carl Mark Force IV, another Baltimore Silk Road investigator who stole bitcoins from the government and the users they were investigating, was sentenced to six-and-a-half years in prison. In addition to serving time behind bars, the judge has also ordered Bridges to forfeit $651,000 taken from here! Share this:ShareClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Click to email this to a friend (Opens in new...

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Four bidders won $14 million worth of bitcoin in last U.S. auction

Posted by on Nov 16, 2015 in Bitcoin | 0 comments

Four bidders won $14 million worth of bitcoin in last U.S. auction

The U.S. Marshals Service said on Thursday four winning bidders emerged from last week’s auction of bitcoins seized during the prosecution of the creator of the online black marketplace Silk Road. The Marshals Service did not identify the winners in what marked the final auction stemming from the case of Ross Ulbricht, who authorities say ran Silk Road, where the digital currency could be used to buy illegal drugs and other goods. The breakdown by amount of bitcoins won per bidder was 4,000, 6,000, 10,000 and about 24,341, said Lynzey Donahue, a Marshals Service spokeswoman. Those bitcoins were worth $14.3 million, according to the Bitstamp exchange. On Monday, New York-based bitcoin exchange itBit said it won five blocks of the digital currency equivalent to about 10,000 bitcoins at last week’s auction, conducted by the U.S. Marshals Service. The bid by itBit was organized on behalf of a syndicate of the exchange’s and over-the-counter trading clients, said Bobby Cho, director of trading at itBit, in an email to Reuters. (Reporting by Nate Raymond and Gertrude Chavez-Dreyfuss in New York; Editing by W Simon and Bill Rigby)   Share this:ShareClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Click to email this to a friend (Opens in new...

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Το πρώτο Bitcoin ATM στην Ελλάδα

Posted by on Jul 3, 2015 in Bitcoin, HeadLines | 0 comments

Το πρώτο Bitcoin ATM στην Ελλάδα

Press Release: Είναι γεγονός , το πρώτο Bitcoin ATM βρίσκεται στην Ελλάδα και συγκεκριμένα στην Αθήνα. Το ΑΤΜ είναι το Satoshi 1  της εταιρίας Genesis  και θα συνδεθεί με την πλατφόρμα BitcoinsGreece.com Επισκεφτείτε το ATM για να εκτυπώσετε ΔΩΡΕΑΝ το πρώτο ψηφιακό πορτοφόλι (digital wallet) και εγγραφείτε στο Bitcoins Greece για να σας κάνουμε ΔΩΡΟ το πρώτο mBitcoin (mBTC) με την εγγραφή σας χρησιμοποιώντας το κουπόνι με κωδικό:  ‘BTCPROMO’  (ισχύει μέχρι 30/06)  Η διεύθυνσή του είναι : ΙΩΑΝΝΟΥ ΘΗΒΑΙΟΥ 20 , ΑΧΑΡΝΑΙ , ΤΚ: 13673 στο βιβλιοπωλείο ΟΡΙΖΟΝΤΕΣ απέναντι απο την εφορία.  Σε συνεργασία με το www.bitnews.gr έχει δημιουργηθεί ένα ημερολόγιο όπου θα δημοσιεύονται νεές πληροφορίες , εμπειρίες , σχόλια και φωτογραφίες σχετικά με το ΑΤΜ Taken from Here!       Share this:ShareClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Click to email this to a friend (Opens in new...

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