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Opinion

Hollywood Hospital Targeted in Extortion Plot over Hacked File

Hollywood Presbyterian Medical Center; a Hollywood hospital, had its electronic patient records hacked and held hostage chose to give in to ransomer demands and pay $17,000 in bitcoin to retrieve the ransomed records. Hollywood Presbyterian Medical Center staff noticed issues accessing its computer network on Feb. 5. The price to regain access to the hospital files was …

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Ross Ulbriecht

Ross Ulbricht: Infamous Darknet Proprietor

Ross Ulbricht is Snyonymous with the Silk Road Ross William Ulbricht born 27 March 1984 created a darknet market named Silk Road and ran it until his 2013 arrest. The amount of media coverage Ross Ulbricht has gotten the Silk Road and Bitcoin far exceeds any other bitcoin related news. Maybe except, Mt. Gox and the Bitcoin $1200 price drop in 2013. Ross …

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mike hearn bitcoin struggles fail

Why bitcoin won’t fail despite Mike Hearn’s remarks

Is Bitcoin destined for failure? as Mike Hearn would say Controversy has erupted since Mike Hearn’s curt departure from Bitcoin development. His close and longtime relationship with Bitcoin has intrigued users as why he did this! Some believe this exit from bitcoin as a way to promote himself and his new technologies, bitcoin XT. We examine the core ideas in his leaving …

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Bitfury bitcoin mining

Will Bitfury 16nm make Bitcoin mining accessible to consumers?

Bitfury bringing mining back to consumers? Bitcoin mining was intended to be available to anyone with a AMD GPU, but with the advent of ASIC miners, bitcoin mining’s initial investment for a profitable operation has soared. Bitfury is introducing a 16nm ASIC chip which excpetional efficency at low power mode. Will it change the mining community? …

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Bitfinex BitLicense Bans Unlicensed NYS Residents

Bitfinex Bans New York State Residents due to BitLicense Bitfinex has been one of our favorite exchanges due to it’s trader friendly nature. Features like margin funding, advanced trading features and other such things we’ve covered in our article here. These features allow an advanced trader to trade upon Bitcoin price speculation. Recently, Bitfinex has banned New York …

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cex.io cloud mining

CEX.IO Cloud Mining Halts

CEX.IO Temporarily Suspends Cloud Mining What a great deal for CEX.io. If we initially trusted our money on CEX believing we could have made our money back in 4 months on about 1000$. The main thing is never pay to have your money given back to you without interest, a bank seems like a better …

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How to: Invest in Bitcoin Ponzi Schemes

Bitcoin’s “Bad Press” The infamous Ponzi scheme has remained inseparable from Bitcoin. Although Bitcoin is having a tough time pulling away from its troubled past. It is quite apparent these operations have been associated with bitcoin since “the media” has started to cover it. The media continuously paints bitcoin’s bad news. Since the collapse of MtGox, public trust in the cryptocurrency has continued …

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Bitcoin vs PayPal, May The Better Man Win

Paypal’s “Partnership” with Bitcoin is a Marketing Sham When PayPal announced bitcoin in a promotional video, the internet has been trying to decipher their intentions. With one of America’s largest marketplaces announcing they will allow ebay users to accept bitcoin through PayPal, most people herald it as a new segue for the currency. But enthusiasts …

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bitcoinexchange

Coinbase Review: It’s not worth the trouble!

Coinbase Review: Regulations Tighten Demand, But Secure Users Coinbase Opens First Licensed Bitcoin Exchange in the US San Francisco bitcoin startup Coinbase has just opened one of the country’s first licensed bitcoin exchange. Coinbase may not be the very first registered exchange, but it’s the first highly visible since due to the VC money backing …

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buy bitcoin nyc bitcoin center

Purchasing Bitcoins on Wall Street

What is it like to buy Bitcoin in NYC at the Bitcoin Center? It was around 8pm on a mildly warm fall end of september night as I casually strutted down Wall Street on my way over to the Bitcoin center located next to the New York Stock Exchange. During the day Wall street tends …

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