News

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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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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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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Paypal gives a nod to Bitcoin

Paypal mentions Bitcoin, Cryptocurrency Investors Rejoice (or go Ape Shit) A day after writing an article comparing, as many people do, the network and currency of bitcoin to credit processing companies such as paypal, amex, and others; Paypal releases a video that mentions Bitcoin. This almost certainly locks in many advantages of a reputable company, …

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