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Bitcoin Theft: The Issue Persists

Arm yourself with Knowledge and Further Safeguard your Bitcoins Bitcoin and cryptocurrencies at this point in time are not without their own sets of limitations and downsides. There have been numerous instances of individual wallets or entire exchanges being the victim of theft. Most large scale thefts occur at exchanges or online wallet services that …

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Industrial level Bitcoin Mining Accidents: Thailand

This is what a bitcoin mining accident looks like. A bitcoin mining facility in Thailand has been destroyed in a massive fire this week and foul play has not been ruled out, according to a local source. The 5-megawatt farm was operated by mining cooperative Cowboyminers and primarily relied on Spondoolies-Tech and Innosilicon hardware, with some …

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SEC Verifies Bitcoin Savings and Trust a Ponzi Scheme

Bitcoin Savings & Trust; First bitcoin ponzi A few years back, a supposed Hedge Fund called the Bitcoin Savings & Trust (updated from its previous name “First Pirate Savings & Trust) was eventually met with its untimely demise and shut down. See how to identify a ponzi. A recent final judgment obtained by the U.S. Securities & Exchange Commission against …

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Tim Draper Wins Seized Bitcoin Auction, Now What?

Tim Draper took home 30,000 bitcoin in a federally-sponsored auction of seized bitcoins this past summer. Draper a venture capitalist, bought a full lot of 29,656 bitcoins from the government a few months back in an anonymous auction by the U.S. Marshall service. The auction received 63 offers from 45 registered bidders and the entire …

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Where did the Silk Road Bitcoin go?

Where did the Silk Road seized bitcoin go? Who are among the largest holders of Bitcoins out there? Well to start the U.S. government about late last year came across a large amount. When the authorities closed down the Silk Road online marketplace for sale of black market goods and services it seized the bitcoins …

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“Bearwhale” Makes Bitcoin Trading History

This sell order took place in the bitcoin market the past few trading days. indicators showed a large sell order this weekend. Blockchain (Bitcoin’s built-in ledger system) showed that a single sell of 30,000 Bitcoin all at once at a price of $300 per coin (or $9 million in total) took place. Many people have …

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dogecoin investment

Dogecoin: A Unlikely Cryptocurrency Investment Success

Dogecoin has been making the news lately since last Friday when the price reached 70 satoshi, to where it stands today at 105 satoshi, or 0.00000105 Bitcoin. This has equaled double digit gains in days, but will this be sustained growth. The overall market capitalization of Dogecoin has also taken the fifth spot today with …

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Legitimate Cryptocurrency Investments: Cryptocurrency Fund

On September 25, 2014 SecondMarket launched the first USA based bitcoin fund (BIT). This is the first time, an American, can invest in Bitcoin, the volatile cryptocurrency, without actually purchasing it. The fund is known as the Bitcoin Investment Trust was created and is managed by the Alternative Currency Asset Management, owned by SecondMarket. This …

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Bitcoin Mining Scam: Butterfly Labs

ButterflyLabs is now under investigation by the FTC. http://www.ftc.gov/system/files/documents/cases/140923utterflylabstro.pdf I was always tempted to order the equipment from there many, many months ago. The allure factor was certainly present on a simple premise. Purchase a bitcoin miner then proceed to mine bitcoins with the miner and make more money mining the bitcoins than you …

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