Gizmodo, 1/1/0001 12:00 AM PST Brooklyn Libertarians and/or Reddit gold account owners beware: police say a man was robbed at gunpoint for $1,100 in Bitcoin in Crown Heights last week. ![]() |
Business Insider, 1/1/0001 12:00 AM PST CNBC reports there has been yet another robbery at gunpoint for bitcoin in New York. A thief stole about $1,100 worth of bitcoin late last month. According to CNBC: The latest combination street-cyber crime occurred at around 11:30 a.m. on May 27 in the Crown Heights section of Brooklyn. The 28-year-old victim told police he went to a street corner there to meet a man who had answered his Craigslist.com ad offering bitcoins for sale, police said. The purported buyer then led the victim to a car to complete the purchase, where another man sitting in the backseat pulled a gun and ordered the victim to electronically transfer the bitcoins to the thieves, cops said. Back in February, the Observer wrote about a spate of bitcoin robberies that had happened in the city. This is, in part, because bitcoin is so hard to trace once the money has been transferred. The Observer writes, "bitcoin isn’t exactly anonymous, per se, but a thief who is smart and careful enough can make it nearly impossible to be linked to an account once he’s received his payload." Bitcoin is hard to buy. There are a limited number of places online to buy it, many of which take several days to transfer the currency to your wallet. There are also a few bitcoin ATMs, which transfer you bitcoin immediately — but there are only eight in NYC. And then there's an in-person transfer. Depending on the circumstances, that can be the best way to get bitcoin immediately. But it also seems to be a good way to be robbed at gunpoint. SEE ALSO: Robbers are holding people up at gunpoint in order to steal their bitcoin Join the conversation about this story » NOW WATCH: Here's what happens when you get bitten by a black widow |
Wired, 1/1/0001 12:00 AM PST![]() There are all kinds of ways to rig the stock market, Overstock.com CEO Patrick Byrne says. Here's how he's trying to make it un-rig-able. The post Overstock Will Issue a Private Bond Powered by Bitcoin Tech appeared first on WIRED. ![]() |
TechCrunch, 1/1/0001 12:00 AM PST
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Bitcoin Magazine, 1/1/0001 12:00 AM PST Roughly nine months ago, Bitcoin Foundation Chief Scientist Gavin Andresen made a rather interesting comment on Reddit in which he claimed, “I suspect many [cloud mining companies] will turn out to be Ponzi schemes.” There have been a few cloud mining scams uncovered over the past year or two, and it appears that another one could unravel in the near future. An anonymous source has provided information to Bitcoin Magazine regarding the possibility of a scam involving Bitcoin Cloud Services (BCS), which is currently one of the largest cloud-mining providers on the market. Founded by a known scammer with Photoshop One of the common attributes of a Ponzi scheme in the Bitcoin world is a reliance on anonymous owners. BTC […] The post Exclusive: Possible $500,000 Bitcoin Cloud Mining Ponzi Scheme Uncovered appeared first on Bitcoin Magazine. |
CoinDesk, 1/1/0001 12:00 AM PST A New York City man was robbed of more than $1,100 in bitcoin at gunpoint late last month. |
Bitcoin Magazine, 1/1/0001 12:00 AM PST In most jurisdictions, security deposits are intended to provide landlords with a financial guaranty against nonpayment of rent or excess damage to a rental property during tenancy. In the past the primary way to provide this guarantee has been for the tenant to deposit funds, in trust, with the landlord. The landlord takes custody, but not ownership of the funds. The obvious problem is that, aside from ethical and legal obligations, a landlord has no incentive to return a tenant’s security deposit – which is why almost everyone who has been a renter has a “they-didn’t-return-my-security-deposit” story. Custodial security deposits present the same problems as most custodial accounts. Custodial accounts are easy to “borrow” from. In the case of security […] The post Get Your Security Deposit Back With Bitcoin appeared first on Bitcoin Magazine. |
Bitcoin Magazine, 1/1/0001 12:00 AM PST Bitcoin bank and payment processor Xapo faces uncertain waters as much of the company’s executive team is being sued for contract violations. The misgivings center on the last months that Xapo co-founder and CEO Wences Casares, along with other Xapo employees, worked for the mobile wallet Lemon. In December 2013, the $1.5 billion online security company LifeLock acquired the mobile wallet for $42.5 million (and rebranded it LifeLock Wallet). As reported by Fortune, the lawsuit is over whether Xapo was originally developed during his and other Xapo employees’ time working for Lemon. Or as LifeLock’s compliant puts it, “using a product developed by Lemon employees, in Lemon’s facilities, on Lemon’s computers, and on Lemon’s dime.” Several months before Lemon would […] The post LifeLock Sues Xapo Executives Over Bitcoin Wallet Intellectual Property appeared first on Bitcoin Magazine. |
CoinDesk, 1/1/0001 12:00 AM PST The BitLicense may have dominated media coverage this week, but a deeper dive show many of bitcoin's larger problems linger on. |
Bitcoin Magazine, 1/1/0001 12:00 AM PST Blockchain-based social network GetGems was named ‘Most Visionary Social Media Solution,’ while bitcoin wallet Billon took home the title, ‘Most Innovative Blockchain Solution,’ during the Citibank Europe, Middle East and Africa (EMEA) Mobile Competition. The annual competition, started just last year, was put together by leading global bank Citi and sponsored by IBM Cloud Computing and Mastercard Start Path, the payment company’s fund to boost financial innovation. Startups from 18 countries pitched 77 financial products and services to Citi executives and technology experts at showcases held in Nairobi, Jerusalem, Warsaw and London. Citi made the call for startups to apply in February and held the actual competition in April. Other startups that took home titles in the EMEA competition included […] The post Blockchain Startups Named ‘Top Innovations’ at Citibank’s EMEA Mobile Competition appeared first on Bitcoin Magazine. |
CryptoCoins News, 1/1/0001 12:00 AM PST CCN received a tip from a customer who was very, very unhappy with an often unmentioned Bitcoin mining hardware outfit, Alpha Technology. Here is what he said: This story is the same as KnC’s some guys claiming they could produce a scrypt miner and that they were based in England. I ordered back in May […] The post Mining Hardware Company Alpha Technology: Bad Luck or Bad Business? appeared first on CryptoCoinsNews. |
Forbes, 1/1/0001 12:00 AM PST If Libertarians, criminals, speculators, and consumers each find little value in Bitcoin over time, then what’s left? |
CryptoCoins News, 1/1/0001 12:00 AM PST Like the Internet did 25 years ago, Bitcoin and its block chain technology are bringing the next generation of technological advancement to industries around the globe. One industry that certainly needs an infusion of new technology and efficiencies is the banking industry. Major financial companies like Goldman Sachs, NASDAQ, and The New York Stock Exchange […] The post Bankers Begin Using Block Chain Technology Without Bitcoin appeared first on CryptoCoinsNews. |
CoinDesk, 1/1/0001 12:00 AM PST Former Wall Street executive Blythe Masters says distributed ledgers will change the way the financial world operates. Speaking at the Exponential Finance conference in New York, Masters who joined bitcoin trading platform Digital Assets Holdings as CEO in March, said: "Distributed ledger technology does have the potential to be disruptive of certain business models. But it has […] |
CoinDesk, 1/1/0001 12:00 AM PST Intercontinental Exchange CEO and NYSE chairman Jeffrey Sprecher voiced his support for bitcoin in a CNBC interview yesterday. |
CryptoCoins News, 1/1/0001 12:00 AM PST The following interview was conducted with Ralf Muller, a member of Toronto-based 22Hertz, who have decided to imprint their latest single, “Get the Hell Out,” onto the Bitcoin block chain. The song is featured in the 7th edition of the CCN Podcast. How did you guys hear about Bitcoin? Have you seen significant sales and/or […] The post Interview with 22Hertz, the Band Who Put a Song on the Bitcoin Block Chain appeared first on CryptoCoinsNews. |
Engadget, 1/1/0001 12:00 AM PST
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CoinDesk, 1/1/0001 12:00 AM PST Stellar has entered a legal battle over roughly $1m in disputed funds that continues between Ripple Labs and former exec Jed McCaleb. |