CoinDesk, 1/1/0001 12:00 AM PST Roughly $26,000 in bitcoins and litecoins were seized as part of a Department of Justice investigation in late January. |
CoinDesk, 1/1/0001 12:00 AM PST Roughly $26,000 in bitcoins and litecoins were seized as part of a Department of Justice investigation in late January. |
CoinDesk, 1/1/0001 12:00 AM PST Kenya-based bitcoin services provider BitPesa has raised $1.1m in funding led by Pantera Capital and including Bitcoin Opportunity Corp. |
CryptoCoins News, 1/1/0001 12:00 AM PST Bitcoin trading continues the slow transformation of trend. While it’s near impossible to predict what variations may still unfold in the enveloping descent, the chart and exchange depth charts give some idea of what we can expect. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Trading […] The post Bitcoin Trading In Trend Transformation appeared first on CryptoCoinsNews. |
CryptoCoins News, 1/1/0001 12:00 AM PST Bitcoin-only casino, BitCasino.io has joined with Quickfire, powered by Micrograming, to integrate a list of big name casino games, including Avalon II and Thunderstruck II. In a bitcoin industry first, BitCasino.io has integrated more than 400 of Microgaming’s highest quality games, setting a new benchmark for other casinos operating in bitcoin. BitCasino.io has brought on […] The post BitCasino.io adds Microgaming games via Quickfire in a bitcoin industry first. appeared first on CryptoCoinsNews. |
CoinDesk, 1/1/0001 12:00 AM PST Russia's top cybercrime official has issued new statements on bitcoin and its current uncertain regulatory environment. |
CryptoCoins News, 1/1/0001 12:00 AM PST We have reached out to the candidates for the upcoming Bitcoin Foundation Elections and asked each candidate a set of questions. In the interest of fairness, all candidates were asked the same questions at the same time, and all responses (that did respond) have been received before the publication of this article. Michael Perklin Michael Perklin is […] The post Michael Perklin: I do Not believe the Bitcoin Foundation Should Interact with Regulatory Bodies appeared first on CryptoCoinsNews. |
CoinDesk, 1/1/0001 12:00 AM PST Bitcoin traded sideways over the last week, with the price largely unchanged, as the wider macro-economy awaits a possible Greek Eurozone exit. |
Business Insider, 1/1/0001 12:00 AM PST A Hong Kong Bitcoin exchange has allegedly shut its doors with as much as £254 million of investors' funds missing, according to a report from CoinDesk. MyCoin offered clients to invest in a contract that would provide a HK$1 million return (£84,823) on a HK$400,000 (£33,929) investment, and even, as the South China Morning Post says, offered additional prizes of Mercedes-Benz cars or cash if investors recruited others. However, there are now fears that MyCoin operated a pyramid or "ponzi scheme," which later paid investments out to early clients to create — illegally — the illusion that the company was seeing huge returns. One client said she was "told by those at higher tiers [of the scheme] that we can get our money back if we find new clients." Tech In Asia is already labelling MyCoin a "pyramid scheme" and a "scam." The company's offices have been closed for over a month for "renovation," and fears are now mounting that the funds are gone for good. Customers did not have any written records of their investments beyond accounts on the website, making any potential criminal investigation difficult. Some reportedly took out mortgages in order to invest as much as HK$50 million — £4,274,815. Bitcoin's troubled trading historyBitcoin's history has been punctuated with scams and failed exchanges. Most famously, Tokyo exchange Mt. Gox shuttered in early 2014 with around $450 million (at then current prices) in Bitcoin missing. More recently, hackers stole $5 million from UK exchange BitStamp. However, Hong Kong Bitcoin entrepreneur Aurélian Menant told Tech In Asia that MyCoin is more similar to classic scams than previous sophisticated Bitcoin hacks. "MyCoin was offering its customers to invest in mining contracts, promising them 300 percent year-on-year profits," he said. "It is really a basic case of Ponzi scheme, exactly like what Madoff had done for years in the US with more classical investments... Investors were supposed to buy shares in mining rigs, and therefore get a proportional share of the returns." The overall figure $387 million figure comes from the South China Morning Post. The paper calculated it based on a previous statement by MyCoin. The exchange had claimed it had 3,000 clients who had invested on average HK$1 million. Business Insider has reached out to MyCoin for comment and will update if we hear back. Join the conversation about this story » NOW WATCH: A 13-Year-Old Made A Revolutionary Invention Out Of Legos And Now Intel Is Investing In His Company |
CryptoCoins News, 1/1/0001 12:00 AM PST A team of bitcoin enthusiasts is approaching completion of the first stage of launching Bitsquare, a decentralized bitcoin exchange. Bitsquare has been designed to ensure privacy but not be controlled by a central authority like other bitcoin exchanges. Bitsquare is currently seeking 120 BTC for the development of its first milestone through Lighthouse, a crowdsource […] The post Decentralized Bitcoin Exchange Bitsquare Has Only Raised 42% of its Goal with Lighthouse appeared first on CryptoCoinsNews. |
CoinDesk, 1/1/0001 12:00 AM PST Hong Kong bitcoin exchange MyCoin has shut its doors, taking with it as much as HK$3bn ($386.9m) in investor funds, reports say. |
CryptoCoins News, 1/1/0001 12:00 AM PST According to a recent research paper from Juniper Research called “The Future of Cryptocurrency: Bitcoin & Altcoin Impact & Opportunities 2015-2019″, all cryptocurrency transactions including Bitcoin will more than half in value this year. The paper explains that the transactions will fall from $71 billion (2014) to just over $30 billion in 2015. Main Reasons […] The post All Cryptocurrency Transactions Including Bitcoin Will Half in Value This Year appeared first on CryptoCoinsNews. |
CryptoCoins News, 1/1/0001 12:00 AM PST According to a recent research paper from Juniper Research called “The Future of Cryptocurrency: Bitcoin & Altcoin Impact & Opportunities 2015-2019″, all cryptocurrency transactions including Bitcoin will more than half in value this year. The paper explains that the transactions will fall from $71 billion (2014) to just over $30 billion in 2015. Main Reasons […] The post All Cryptocurrency Transactions Including Bitcoin Will Half in Value This Year appeared first on CryptoCoinsNews. |