1. Bitcoin

Category Archives: Bitcoin

onecoin cryptocurrency | one coin price | one coin english japan – Video

Posted on by


onecoin cryptocurrency | one coin price | one coin english japan
http://www.bit.ly/OneCoinVietNam OneCoin Cryptocurrency | CneCoin Crypto onecoin cryptocurrency | one coin price | one coin english japan OneCoin is not a copy of a BITCOIN. It is new generation...

By: OneCoin One Concept

Here is the original post:

onecoin cryptocurrency | one coin price | one coin english japan - Video

Police suspect Mt. Gox Bitcoin theft was an inside job

Posted on by

Summary:Was the majority of bitcoin stolen from the exchange due to fraud, rather than cyberattack?

Japanese police believe that the majority of bitcoins stolen from Mt. Gox was due to insider tampering, a new report claims.

According to Japanese publication The Yomiuri Shimbun, the fall of once-dominant bitcoin exchange Mt. Gox was due to fraud, rather than an external hack. Sources at the Japanese Metropolitan Police Department (MPD) told the newspaper that out of 650,000 missing bitcoins, only 7,000 -- or one percent -- of the poached currency was lost due to cyberattack.

Approximately 200,000 bitcoins were recovered from an "old" wallet following the Mt. Gox closure, but hundreds of thousands are still unaccounted for.

As a result, the MPD's investigation of the failed bitcoin exchange now includes scrutinizing the behavior of one specific person who is "familiar with the exchange system" and may have stolen bitcoin from users by manipulating the system through fraud.

Tokyo-based Mt. Gox closed its doors without warning in February last year. The bitcoin exchange, once one of the most popular platforms online, filed for bankruptcy later in the same month. At the time, bitcoin belonging both to the exchange and users, worth approximately $500 million, vanished.

Creditors were given until November 2014 to file claims for compensation.

Rumors and whispers of fraud and an inside job have circulated since the exchange floundered. However, no fingers have been pointed specifically at members of staff or the firm's board. Mt. Gox CEO Mark Karpeles was required to attend interviews with police in Japan at the time Mt. Gox closed its doors, but no-one associated with the investigation has suggested the executive is at fault.

Fraudulent trading goes against a statement issued by Mt. Gox at the time of the exchange's closure, which said a system bug which created a security flaw was at fault. The statement (.PDF) read:

According to the Yomiuri, "suspicious" accounts may provide the answer to the rest of the missing 650,000 bitcoins. In addition, traders became suspicious after discovering two automatic trading bots, nicknamed 'Willy' and 'Markus,' which appeared in 2013 at various times. According to leaked transaction data, the bots traded high amounts of the digital currency, before vanishing. Bitcoins handled by these bots did not correlate with user accounts.

Follow this link:

Police suspect Mt. Gox Bitcoin theft was an inside job

Earn a Passive Income with Digital Currency Giant Bitcoin – Video

Posted on by


Earn a Passive Income with Digital Currency Giant Bitcoin
GO HERE: http://manifestyourfortune.com Our Mission: To help YOU cash-in on Bitcoin as it becomes a mainstream global currency. BitClub Network is a community of people who have come...

By: Earn a Passive Income with Bitcoin Mining

See the original post:

Earn a Passive Income with Digital Currency Giant Bitcoin - Video

Tech 2015: Block Chain Will Break Free From Bitcoin To Power Distributed Apps

Posted on by

In many ways, the crypto currencyBitcoin had a very bad year in 2014. It has fallen from a value of over $1,000 per Bitcoin last January to just over $300 today. This volatilityand the attendant speculation has led some critics, notably Nobel Prize-winning economist Paul Krugman, to consider the cash alternative to be a form of the long con. In positive economic terms, he questions whether Bitcoin can be a stable store of value.

I often agree with Krugman, but I sense that his deeper unease is with what he terms the normative economics: is Bitcoin a good idea for society? He identifies his unease with the observation that, Bitcoin fever was and is intimately tied up with libertarian anti-government fantasies.It is hard to ignore the libertarian agenda behind Bitcoin and yet it is also hard for me not to see programmable currency as a necessary building block of the 21st century global economy.

My use of the word block is intended to evoke the foundational technology that underpins Bitcoin, the block chain. For the uninitiated (thats most of us), there is a public ledger of Bitcoin transactions that are published to a distributed network of participating computers. Once every minute or so a batch of transactions are released in a block to be validated by the network and added to the block chain. A unique cryptographic hash identifies each block andtransactionand permanently fixes them in chronological order.

To confuse matters slightly, block chain (two words) is different from Blockchain (one word capitalized) which is a software and wallet company that hosts a real-time browser of Bitcoin transactions. Blockchain, the company, just secured thebiggest capital raise everin the annals of Bitcoin. Indeed, as Biz Carson writes in GigaOM, investment in bitcoin is up as the price goes down.

Block chain, the concept, is even more important than Blockchain, the company. One way to understand why is to consider one of the most ambitious projects related to Bitcoin, Ethereum. Ethereum is an open source platform for smart contracts built on top of block chain technology. It recently completed a $15-18 million round of crowd fundingusing its own value token, poetically called ether.Stephan Tual, CCO of Ethereum, describes block chain technology as a method by which trust can be reached on an open network. Bitcoin is the first and best know use case, but Ethereum, says Tual, makes this technology applicable to just about anything else. Tual describes Etherum in the video below:

At the center of Ethereum are contracts that Tual says are programs that follow a series of steps every time they receive a message called a transaction. Ethereum itself is a programmable distributed network, in which all mannerof transactions and peer-to-peer agreements can be automated. The fact that Ethereum is by its very design fraud and tampering resistant, Tual continues, means that it offers a new range of solutions to everyday problems that are currently solved at great expense. According to Tual, these include voting machines, domain name registration, registration of legal documents, medical software and transfer of goods and services.

Networking innovator Paul Baran

If we are gettingtoo far out into the ether here, lets take a step back in time to the 1960s and one of the most important figures in the history of computer networking. Paul Baran was an engineer who joined the RAND Corporation in 1959. According to his Wikipedia entry, Baran took on the task of designing a survivable communications system that could maintain communication between end points in the face of damage fromnuclear weapons. He went on to become one of the inventors of the packet switching network, one of the key technologies that underpinthe Internet. He also articulated the key differences between centralized, decentralized and distributed networks. In terms of survivability, centralized networks expose a vulnerable single point of failure not present in less centralized networks.

See the rest here:

Tech 2015: Block Chain Will Break Free From Bitcoin To Power Distributed Apps

Bitcoin St. Petersburg Bowl Executive Message From BitPay’s Stephen Pair & Tony Gallippi – Video

Posted on by


Bitcoin St. Petersburg Bowl Executive Message From BitPay #39;s Stephen Pair Tony Gallippi
As a fantastic 2014 wraps up for BitPay, our CEO Stephen Pair and Executive Chairman Tony Gallippi want to welcome viewers to the Bitcoin Bowl on ESPN. To le...

By: BitPay

Read more:

Bitcoin St. Petersburg Bowl Executive Message From BitPay's Stephen Pair & Tony Gallippi - Video


  1. Bitcoin