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Category Archives: Bitcoin

VanosEnigmA 018 Love Lets Talk Bitcoin but CreativeCommons bit dick if not OBEY InnocentCryptoKitty – Video

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VanosEnigmA 018 Love Lets Talk Bitcoin but CreativeCommons bit dick if not OBEY InnocentCryptoKitty - Video

BBC Click Interview Peter Todd with Dark Wallet Team in the London Bitcoin Squat FULL Unedited Audio – Video

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BBC Click Interview Peter Todd with Dark Wallet Team in the London Bitcoin Squat FULL Unedited Audio
This is the full interview with Peter Todd by the BBC Click film crew what was first aired on the 20th September 2014. Donate to this episode in Bitcoin: https://blockchain.info/address/1KPjsCUqfN...

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BBC Click Interview Peter Todd with Dark Wallet Team in the London Bitcoin Squat FULL Unedited Audio - Video

Apple nudges PayPal deeper into bitcoin

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AFP/Getty Images EBay CEO John Donahoe has long expressed interest in Bitcoin

SAN FRANCISCO (MarketWatch) -- EBay is taking a bet that digital currencies like bitcoin lead a new wave of payments in the future. And its doing this just ahead of the launch of Apples new, potentially eBay-rivaling, payments service.

The San Jose, Calif.-based company on Tuesday announced agreements with leading bitcoin payment processors BitPay, Coinbase and GoCoin to enable PayPal merchants to accept the currency.

eBay EBAY, +0.36% will gradually widen its support of bitcoin, said Scott Ellison, PayPals senior director of corporate strategy, at first rolling out the capability only to merchants in North America.

The announcement comes at a critical point for PayPals merchants business as mobile payments continue to evolve.

Apple Pay, Apples AAPL, -0.87% new one-touch payment service, is set to spring to life next month in some 220,000 stores across the country.

While its unclear whether bitcoin will play a part in Apple Pay, Apple did lift its ban on bitcoin apps earlier this year, and it will eventually open up Apple Pay to developers, potentially enabling third-party interaction between bitcoin and Apple Pay.

I think PayPal recognizes they are at risk on a number of fronts and is becoming far more aggressive about meeting a wider variety of customer needs as a result than they otherwise would be, said Rob Enderle, principal analyst at the Enderle Group.

Analysts have been bullish on Apple Pay so far, particularly how debit and credit card transactions conducted through the platform will enhance Apples bottom line and transform the mobile-payments market.

EBays shares fell as much as 2.5% to an intraday low on Sept. 9, the day Apple Pay was announced at a lavish event in Cupertino. On Tuesday, they closed up 0.51% to $52.74 after spiking as much as 1.5% earlier in the day.

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Apple nudges PayPal deeper into bitcoin

Follow The Coin Information Highway: Bitcoin’s Potential In Emerging Markets – Video

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Follow The Coin Information Highway: Bitcoin #39;s Potential In Emerging Markets
Nick Sullivan, CEO of Changetip shares insights on Bitcoin #39;s potential in emerging markets after his Geek #39;s On A Plane Trip to the Philippines Like us on Fac...

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Follow The Coin Information Highway: Bitcoin's Potential In Emerging Markets - Video

What is happening to the bitcoin price – Follow up – (consensus algorithm discussion) – Video

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What is happening to the bitcoin price - Follow up - (consensus algorithm discussion)
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What is happening to the bitcoin price - Follow up - (consensus algorithm discussion) - Video

Bitcoin Solutions launches leveraged Bitcoin trading platform – Video

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Bitcoin Solutions launches leveraged Bitcoin trading platform
If you are looking for another way to get onto the Bitcoin playing field, we suggest you take a look at Vancouver-based Bitcoin Solutions. Bitcoin Solutions owns and operates ATMs across Western...

By: InvestmentPitch Media

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Bitcoin Solutions launches leveraged Bitcoin trading platform - Video

Square Is Making a Register That Takes Bitcoin and Apple Pay

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At San Franciscos Buyers Best Friend, a worker demonstrates the companys custom-built bitcoin payments system. Photo: Ariel Zambelich/Wired

Over the past year, its become a lot easier to buy bitcoin, thanks to services such as Coinbase. And thanks to retailers such as Overstock.com and TigerDirect, its now a lot easier to to spend them online. But theres still one big pothole in bitcoins bumpy road to mainstream adoption: Your local coffee shop.

Thats because most cash register software still doesnt support the worlds most popular digital currency. But the situation is about to change, according to Square CEO Jack Dorsey. He says that Square is building a register that will allow companies to accept bitcoin as well as Apples new contactless payment system, Apple Pay.

Were building a register so that sellers can accept a credit card, so they can accept cash, so they can accept a cheque, so they can accept Bitcoin and so they can accept any form of payment that comes across the counter including future ones and burgeoning ones like Apple Pay, Dorsey told the CBC this week, speaking at the opening of Squares new Canadian offices in Kitchener, Ontario.

Reached Monday, the company didnt have any word on when its bitcoin-ready register might be on the market. But it said say that it wants to support new types of payment systems. Square sellers should never have to miss out on a sale. They should be able to accept any form of payment, said Square spokesman Johnny Brackett.

Today, shops such as Buyers Best Friend in San Francisco and restaurants such as the Pink Cow in Tokyo accept payments in bitcoin. Basically, you hold your smartphone up to a scanner at the cash register. But such systems can be difficult for businesses to set up. Square, whose in-person payment systems are already used by so many businesses, could potentially make it much easier for small stores and restaurants to accept bitcoin, a new kind of currency that exists only on the internet.

Though many believe bitcoin can remake the way we handle moneyremoving some of the control traditional exhibited by big banks and government organizationsit is still a long way from reaching the mainstream. But with company such as Overstock now accepting bitocin payments across the globe and Square flirting with a bitcoin register, the currency is inching closer.

Home Page Photo: David Shankbone

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Square Is Making a Register That Takes Bitcoin and Apple Pay

Feds label Bitcoin miner maker Butterfly Labs as systematic deception

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Sonny Vleisides (right), is Butterfly Labs' co-founder and largest shareholder. A federal judge told him in January 2014 that there was a "strong smell" of fraud with respect to his company.

Federal authorities believethat the three named members of the companys board of directorsJody Drake (aka Darla Drake), Nasser Ghoseiri, and Sonny Vleisidesspent millions of corporate revenue on all kinds of things, including saunas and guns, while ignoring many customer orders that went unfulfilled or were significantly delayed.

The case was filed in federal court last week in Missouri, and it comes over a year after Ars firstreportedon the company and began testing its initial round of specialized computers designed to do nothing but mine for Bitcoin.

"The FTC alleges that one corporate defendants and three individual defendants have taken in over $50 million by operating a scheme that required consumers to pre-pay for machines that would allow consumers to mine for Bitcoins, a new virtual currency," the complaint states. "Defendants either never delivered these machines or delivered them so late that they became obsolete."

No one from BFL, including the three named defendants, responded to Ars repeated requests for comment by phone, e-mail, and Skype.

Unsubstantiated rumors on the Bitcointalk.org forums stated that BFLs offices in Leawood, Kansas (just outside Kansas City) were "raided" by the United States Marshals Service last Friday.

Nikki Credic-Barrett, a spokeswoman for the USMS, told Ars on Monday that one of her colleagues from the Western District of Missouri, whom she declined to name, said that the USMS was "present at this location on that day."

"Anything concerned with what happened is under seal," she said. "That's the most he could tell me."

For the past year, BFL insisted that mere manufacturing delays were to blame for the company's woes. However, suspicion of active fraud never died down. In fact, it's gotten worse after it came to light that Butterfly Labs' largest shareholder, Sonny Vleisides, violated the terms of his probation in a previous lottery scam casewhere he took a plea deal. As a result, Vleisides probationpreviously slated to end in September 2013continued for another two years.

The judge who extended Vleisides probation gave some damning comments about Butterfly Labs in a January 2014 court hearing:

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Feds label Bitcoin miner maker Butterfly Labs as systematic deception

Automated Bitcoin Casino – Multiply Your Base Bet 10,000x On PrimeDice – Video

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Automated Bitcoin Casino - Multiply Your Base Bet 10,000x On PrimeDice - Video

MIT Students Battle States Demand for Their Bitcoin Miners Source Code

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Four MIT students behind an award-winning Bitcoin mining tool will face off against New Jersey state authorities in court today when they attempt to fight back against a subpoena demanding their source code.

The Electronic Frontier Foundation is representing 19-year-old MIT student Jeremy Rubin and three classmates in a remarkable case that stands out for the measure of aggression the state is using to obtain the code and identify anyone who might have tested the mining tool.

The case is reminiscent of a federal one that targeted Aaron Swartz after he was arrested by MIT police in 2011 for downloading more than 4 million scholarly journal articles from the JSTOR digital library, offered to MIT students, to make them more widely available. Swartz faced multiple charges for his activity and killed himself as he was preparing for trial. Although there is currently no indictment or pending criminal charges against Rubin and his friends, state authorities have indicated that they believe the researchers may have violated state laws. The case marks a disturbing trend among authorities to go after researchers, innovators, tinkerers and others who try to do cutting-edge projects to help the tech community, says EFF staff attorney Hanni Fakhoury.

Its a very broad subpoena that hints at criminal liability and civil liability, he says. For a bunch of college kids who put something together for a hackathonthey didnt make any money, the project never got off the ground and now is completely disbandedthere are some very serious implications.

The mining tool, known as Tidbit, was developed in late 2013 by Rubin and his classmates for the Node Knockout hackathononly Rubin is identified on the subpoena but his three classmates are identified on the hackathon web site as Oliver Song, Kevin King and Carolyn Zhang. The now defunct tool was designed to offer web site visitors an alternative way to support the sites they visited by using their computers to mine Bitcoins for them in exchange for having online ads removed.

We believe our utility for the end user comes in freeing up real estate on web pages, King wrote about their program on the Node Knockout site. Imagine a web where your amazon shopping cart doesnt follow you around to every website you visit. We believe there should be more options than advertising for monetizing a website, and we believe we have a novel and non-intrusive solution. In this way, we provide utility to developers who can now include higher quality content on their websites, and utility to end users who are spared the wasted time in looking at ads.

The clever design won the award for innovation in the programming competition.

This is a very intriguing idea that could really transform online economics if it works, one supporter wrote on the hackathon site. There is a much broader discussion to have about mining bitcoins vs doing other useful tasks (e.g. a friendly form of mechanical turk).

But the program never got beyond the proof-of-concept stage before Rubin and Tidbit, as an entity, were hit with subpoenas from the New Jersey

The states attorney general claims Rubin and his classmates violated New Jersey computer crime laws and demanded they hand over source code for their creation and any documentation related to the tool. Rubin was the only one named in the subpoena, Fakhoury says, because he registered the web site for Tidbit.

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MIT Students Battle States Demand for Their Bitcoin Miners Source Code

Bitcoin trades near 5-month low as regulation concerns weigh

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Investing.com -

Investing.com - Bitcoin prices traded near the lowest level since April on Monday, amid concerns about possible regulation of the virtual currency.

Bitcoin (BTC/USD) tacked on $4.23, or 1.06%, on Slovenia-based BitStamp to trade at $404.23 during U.S. morning hours. BitStamp prices fell to $379.50 on September 19, a level not seen since early April.

Bitcoin prices were likely to find support at $379.50, the low from September 19, and resistance at $452.99, the high from September 18.

The price of a bitcoin on Bulgaria-based BTC-e added $5.50, or 1.43%, to trade at $388.71, while prices on Singapore-based itBit advanced $2.08, or 0.52%, to trade at $402.18.

According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency inched up 1.04% to trade at $400.68.

Market players remain concerned about possible regulation of the virtual currency among other adverse events in the industry.

New York's Department of Financial Services proposed a BitLicense on July 17. As per the proposal, firms would have to obtain a license to engage in the virtual currency business.

Some market analysts have expressed concerns over the proposal, saying increased regulation would pressurize the Bitcoin industry.

Meanwhile, euro-denominated Bitcoin prices (BTC/EUR) rose 3.59, or 1.15%, to trade at 316.00 on U.S.-based Kraken Exchange.

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Bitcoin trades near 5-month low as regulation concerns weigh


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