CryptoCoins News, 1/1/0001 12:00 AM PST Bitcoin price has declined steadily from near $300 for most of the past week. Today, saw the first signs of the decline halting as price ran into the 4-hour chart's 200MA near $276 (Bitstamp). This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 17h19 UTC Bitstamp 4-Hour Chart From the analysis pages of xbt.social, earlier today: A look at the larger 4-hour timeframe chart, and a few things to note here: 1) The […] The post Bitcoin Price Decline Finds Support appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
CryptoCoins News, 1/1/0001 12:00 AM PST Liara Roux is an "exclusive San Francisco escort," of the upscale variety, and she has been impacted by the recent decision of Visa, MasterCard, and American Express to cut off Backpage.com, a place that people in her industry often solicit customers. Bitcoin is censorship resistant. Even if the government ordered someone to shut down Bitcoin for a site like Backpage, they'd be unable to do it. So long as the people at Backpage could create a wallet, they could receive money. This is by design, considered a feature, not a bug. Whereas with many of the legacy systems, it's pretty […] The post Industry Veteran Teaches Other Escorts How to Use Bitcoin appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
CryptoCoins News, 1/1/0001 12:00 AM PST It was recently a headline that Political Action Committees had been raising funds before any candidates had announced their candidacy. It seems obvious that these groups have agendas that they're going to push, without regard for who is running for office. Whichever candidate they can bend the most to their will, that is the candidate they're going to support the most. That much should be obvious whenever examining the contributions to any political campaign. Even the very populist candidates like Bernie Sanders, rest assured, they have large interests such as unions behind them. In an interesting twist to everything, unions […] The post Could the Bitcoin Block Chain Improve Political Finance? appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
Business Insider, 1/1/0001 12:00 AM PST Tokyo (AFP) - Mark Karpeles, the head of the collapsed MtGox Bitcoin exchange who was arrested in Tokyo, is facing fresh allegations that he misused $8.9 million in customers' deposits, Japanese media reported Sunday. French-born Karpeles, 30, was arrested on Saturday after a series of fraud allegations led to the Tokyo-based exchange's spectacular collapse last year and hammered the digital currency's reputation. Karpeles is suspected of manipulating data on the exchange's computer system in 2013 to artificially create about $1.0 million in Bitcoins, while police were also investigating his possible involvement in a massive loss of the virtual currency in 2014. He was sent to the Tokyo District Public Prosecutors' Office Sunday morning for further questioning, public broadcaster NHK said. Police now suspect that he illegally spent customer deposits worth about 1.1 billion yen ($8.9 million), according to NHK and the best-selling Yomiuri newspaper said. He is suspected of misusing the funds privately and sending them to his other firms, the news reports said. Police are expected to rearrest him on suspicion of professional embezzlement over the suspected misuse of funds, the Yomiuri said, quoting police sources. Under the Japanese criminal justice system, police can hold a suspect without charge for up to three weeks, during which time they may carry out vigorous interrogations in an attempt to extract a confession. Karpeles reportedly denied all allegations. Immediate comments from his lawyers were not available. The global virtual currency community was shaken by the shuttering of MtGox, which froze withdrawals in early 2014 because of what the firm said was a bug in the software underpinning Bitcoins that allowed hackers to pilfer them. The MtGox exchange -- which once boasted of handling around 80 percent of global Bitcoin transactions -- filed for bankruptcy protection soon after the cyber-money went missing, admitting it had lost 850,000 coins worth 48 billion yen ($387 million). They were worth about $480 million at the time of the disappearance. Karpeles later said he had found some 200,000 of the lost Bitcoins in a "cold wallet" -- a storage device such as a memory stick that is not connected to other computers. Japanese media, citing police, have said investigators suspect Karpeles knew details about the missing Bitcoins -- which were transferred by his exchange to a separate account -- without notifying depositors. Bitcoins are generated by complex chains of interactions among a huge network of computers around the planet and are not backed by any government or central bank, unlike traditional currencies. Investors have demanded answers from Karpeles and called on the firm's court-appointed administrators to publicise its data so that hackers around the world can help analyse what happened at MtGox. |
CoinDesk, 1/1/0001 12:00 AM PST Eris COO Preston Byrne talks misconceptions about his firm, which is among the more notable to claim the blockchain can exitst without bitcoin. |