Editors Picks

Rumors afloat that ISIL is Using Bitcoin for Funding

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Many recent news articles have been speaking of the high possibility that ISIL is now using Bitcoin for funding. Officially it’s an unconfirmed rumor, but here are some reasons that terrorist groups such as ISIL are attracted to bitcoin. One of the main factors in this equation is the anonymity of the people sending and receiving bitcoin transactions. Higher-ups within ... Read More »

Politicians Beginning to Embrace Bitcoin

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  It’s exciting to see people looking ahead to the future and taking notice of bitcoin as another payment method.  Alternate currency is something new to many people, you’re average person probably hasn’t heard of it and doesn’t know what it is.  So when important people, such as politicians and businessmen, take notice and enable the use of bitcoin, it sheds an ... Read More »

MyCoin Investment Scandal

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A dark cloud has been looming over MyCoin as a scandal continues to be uncovered.  There’s a lot of data to sift through and it’s hard to know what’s accurate, only time will tell as more information becomes available. It started with MyCoin  MyCoin is a Hong Kong based company professing to be a bitcoin exchange.  The MyCoin website claims they’re a “leading global Bitcoin trading ... Read More »

Pay for Flights with Bitcoin! Bitnet and Airlines form Partnership

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A partnership between the digital payment processor company, Bitnet, and UATP (Universal Air Travel Plan) will help enable bitcoin transactions for over 260 airlines.  Airlines that are a part of  UATP include American Airlines, British Airways, and Japan Airlines.  There are already travel agencies such as Cheap Air, Webjet, and Expedia taking advantage of bitcoin as an additional payment method. Bitnet is ... Read More »

MtGox Bankruptcy Proceedings: Kraken Appointed

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MtGox Bankruptcy Proceedings: Payward Appointed Payward Japan K.K, who operates the digital currency exchange Kraken, was today appointed as the supporting company for the bankruptcy Proceedings concerning MtGox Co., Ltd. It would be recalled that following the closure of MtGox, Nobuaki Kobayashi, Attorney-at-law were appointed as the Bankruptcy trustee to oversee proceedings and ensure organised liquidation of the company assets. ... Read More »

The Paranoia of Bitcoinners

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  Every individual who has been a keen participant willingly or otherwise, or has been a deliberate spectator, watching from afar how events unfold in the bitcoin community on a daily basis, at somepoint hopes for the best while fearing the worst. According to Daniel Krawisz who made a hilarious but truthful submission on Bitcointalk, Working in the Bitcoin world ... Read More »

How the FBI infiltrated Silk Road 2.0

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Curled from ars technica! Benthall / Facebook   It only took about one month from the time the Silk Road drug-dealing website was busted for a successor to be created. The new site, like the old, was on the “Darknet,” only accessible via an anonymizing Tor browser. It called itself “Silk Road 2.0” and kept the appearance of the old site, down ... Read More »

Silk Road 2.0 taken down by the FBI

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A coordinated law enforcement action led by the FBI and involving other agencies in Europe has led to the shutdown of Silk Road 2.0 and several other darknet markets. It will be recalled that Silk Road 2.0 was launched barely a month after the original Silk Road was shut down by US authorities. Countries involved in the operation, codenamed ‘Onymous’, ... Read More »

Bitcoin Enjoys support of UK Government

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Following the UK Chancellor’s expected favourable announcement on Bitcoins in the 2015 budget, further boost has come from none other than Ed Vaizey,  UK Minister for Culture, Communications and Creative Industries, a Parliamentary Under-Secretary of State post with responsibilities in both the Department for Culture, Media and Sport (DCMS) and the Department for Business, Innovation and Skills (BIS).  In his ... Read More »

Richard Branson and Bill Gates Lean on Bitcoin following $30m Invesment

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Following its first outside round of funding, Blockchain Limited, which runs the world’s most popular wallet for storing bitcoins has raised in excess of $30 million. Among the top investors are Lightspeed Venture Partners, Wicklow Capital and Richard Branson as confirmed by the London-based company in a statement. Blockchain, which has more than 2.3m consumer wallets, will use the funds ... Read More »