1. Bitcoin

Category Archives: Bitcoin

If you’re doubter, it’s probably because you don’t understand BitCoin – Video

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If you #39;re doubter, it #39;s probably because you don #39;t understand BitCoin
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If you're doubter, it's probably because you don't understand BitCoin - Video

Bitcoin Millionaires – How People With Vision Will Make Millions With Digital Currency – Video

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Bitcoin Millionaires - How People With Vision Will Make Millions With Digital Currency
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Bitcoin Millionaires - How People With Vision Will Make Millions With Digital Currency - Video

News Bits on Change Tip, New Jersey Bitcoin Hearing and Andreas Antonopoulos cant’t testify – Video

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News Bits on Change Tip, New Jersey Bitcoin Hearing and Andreas Antonopoulos cant #39;t testify
News Bits on Change Tip, New Jersey Bitcoin Hearing and Andreas Antonpoulos cant #39;t testify | Weekly News Bits by Bitcoinist.net.

By: Bitcoinist.net

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News Bits on Change Tip, New Jersey Bitcoin Hearing and Andreas Antonopoulos cant't testify - Video

Britons can now buy Dell computers with Bitcoin

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Through the expansion of Bitcoin were enabling new levels of convenience for our customers, making it easier for them to do business with Dell."

Coinbase is one of the largest payments processors helping large organisations to adopt Bitcoin.

In an interview with the Telegraph co-founder Brian Armstrong said that Europe was lagging behind the US in terms of adoption, but that he was determined to push it forwards.

I remember back in 2002 my mum said I would never put my credit card details on the internet. Now she does shopping online all the time. What is considered normal or secure changes very quickly," he said.

To me its the most exciting thing in the world to be working on right now. Bitcoin is like a giant wave, were just a little surfer riding it. Maybe it makes sense for there to be an internet currency, and have that be the reserve currency of the world.

Fred Ehrsam, co-founder at Coinbase, said of the news: Were really pleased to partner with Dell once again, this time bringing its customers in the UK and Canada the option to pay with Bitcoin.

Dell saw that many of its customers wanted to pay with the currency and responded by quickly working with us to give them that option. It is now the largest merchant to accept Bitcoin internationally, paving the way for retailers around the world to follow suit.

Its another big step towards expanding Bitcoin acceptance worldwide and something were excited to be a part of.

Late last year technology giant Microsoft announced that it would also start accepting Bitcoin, albeit in a more limited way than Dell.

Customers can use the currency to add credit to their Microsoft account, but not to pay for goods directly. Once you add money to your Microsoft account you can use it to buy apps, games and other digital content from the Windows, Windows Phone, Xbox Games, Xbox Music and Xbox Video stores.

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Britons can now buy Dell computers with Bitcoin

BTER Gets Hacked for 1.75 Million in Bitcoin

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According to China-based exchange BTER, 7,170 bitcoin have been stolen from a wallet. What makes matters more interesting is that the stolen coins were in cold storage. The official website of BTER states:

All wallets have been shut down and withdrawals of unaffected coins will be arranged later.

BTER said they are working with law enforcement to resolve this matter, according to WeChat statements.

Here is an image of the actual coin on the blockchain:

BTER has offered a bounty of 720 BTC to anyone who recovers the stolen bitcoin. Below is the official response from BTER which was posted on reddit with links to the blockchain address:

"7170 BTC got stolen from our cold wallet in this transaction:

https://blockchain.info/tx/f5b0363f03e1ed8bb812c135361ea93590c831ce9f13a3750be1b93575baccc6

720 BTC bounty for chasing it back.

All wallets have been shut down and withdrawals of unaffected coins will be arranged later."

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BTER Gets Hacked for 1.75 Million in Bitcoin

Bitcoin roundup: despite the downers, Coinbase is on the up

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The alignment of the stars has not been kind to bitcoin of late. No sooner had crypto-coinwatchers finished bemoaning the headlong fall in the bitcoin price than it fell lower still, breaking through the $200 (129) floor to as low as $170 on 14 January.

Other unwelcome celestial alignments - probably related to the price fall - came in the news of more bitcoin exchange implosions.

Our heavenly trinity of bitcoin downers was neatly rounded off when the digital currency's role as a facilitator of criminal activity was resurrected by the trial of Ross Ulbricht, the founder of the Silk Road underground website that built a hugely profitable business as a marketplace for illegal goods and services.

But it was not all bad news. News and data provider CoinDesk's 'State of Bitcoin' report found that despite the price collapse in 2014, trading volumes rose 50 per cent last year and venture capital funds flowing into the industry jumped 342 per cent to $433 million.

The bitcoin services company US-based Coinbase secured $75 million of funding from investors. Among the ranks of the investors were the New York Stock Exchange and former chief executive of Citigroup Vikram Pandit. This latest round of funding means Coinbase has publicly raised at least $112 million to date.

Hot on the heels of that deal, Coinbase secured approval from financial authorities in a number of US states - including New York, where authorities have been holding consultations with a view to introducing a Bitlicense, and California - to open the country's first regulated bitcoin exchange. The doors opened on 2 February.

Coinbase has exchanges outside the US in 19 countries, including the UK. The US Coinbase exchange is now the third-largest exchange in the world, measured by volume. The US exchange is not charging fees for its first two months of life.

On 4 February the US trial of Ross Ulbricht ended in his conviction on seven counts, ranging from narcotics trafficking to money-laundering conspiracy and conspiracy to aid and abet computer hacking, after the jury concluded that he was indeed the owner and operator of the 'dark web' online marketplace the Silk Road.

The trial centred on whether Ulbricht was Dread Pirate Roberts (DPR), the moniker of the mastermind behind the site.

All transactions on the Silk Road, which grew to become a $200 million business, were conducted in bitcoin. Buyers and sellers were able to make use of the anonymity aspect of the digital currency.

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Bitcoin roundup: despite the downers, Coinbase is on the up


  1. Bitcoin