Bitcoin

  • Blockchain Smashers

    Blockchain Smashers

    Electricity in Jakarta, Indonesia costs three cents per kilowatt hour. That’s 30 cents less than power in the US and Europe. This means, all things being equal and provided you don’t mind your apartment heating up alarmingly, you can make a decent living mining for Bitcoin and Litecoin (another cryptocurrency) using powerful - and hot - graphics cards, each one running at 140 degrees… Read More

  • As Feds Fumble With Bitcoin, The Internet Trolls The FBI’s “Private” Wallet

    As Feds Fumble With Bitcoin, The Internet Trolls The FBI’s “Private” Wallet

    Bitcoin is at once anonymous and completely public. You can follow transactions through the system in real time and see where large buys have taken place or, in this case, large transfers. See, after the fall of Silk Road the federal government transferred 26,000 BTC to a private wallet which, at this point has become a target for pranksters who have turned it into a sort of anti-government… Read More

  • After Silk Road

    After Silk Road

    The Internet routes around damage. With the fall of the Silk Road there comes the inevitable expectation that the underbelly of the Internet is somehow cut and something important has been removed like a dark organ of indeterminate worth and function. This is not true. As we well know the Silk Road was not the first nor the last online market - even as the Feds celebrate their victory the Sheep… Read More

  • Court Docs Reveal Reputed Silk Road Founder’s Alleged Murder-For-Hire Plot

    Court Docs Reveal Reputed Silk Road Founder’s Alleged Murder-For-Hire Plot

    For two and a half years, Silk Road was the Deep Web’s worst-kept secret. The underground site was infamous for drug trafficking, gun running and murder for hire – a veritable rogues gallery for underground dealers. Since launching in 2011, the site generated over $1.2 billion in revenue and $79.8 million in commissions. It was one of the not-so-secret successes of the underground web. Read More

  • Bitcoin Falls 15% Following FBI’s Silk Road Seizure

    Bitcoin Falls 15% Following FBI’s Silk Road Seizure

    Bitcoin is taking it on the chin following the FBI seizure of Silk Road, a popular – and partially hidden – marketplace for drugs and other items generally outside the orbit of the law. As TechCrunch reported earlier today, about $1.2 billion in Bitcoin flowed through Silk Road, resulting in a nearly $80 million commission for the service. Bitcoin is responding as you would expect, as… Read More

  • Is Bitcoin The New Euro?

    Is Bitcoin The New Euro?

    Originally dubbed 'the single currency,' the euro has been around for a decade and in the work for two decades. At the time, it was something revolutionary, a bold initiative that could have failed multiple times. Yet, it hasn't become the universal currency and the European Central Bank is now testing the boundaries of the euro. Bitcoin could be the surprising yet beautifully designed world… Read More

  • Bitcoin-Infused Accelerator Boost.vc Gains Momentum With The Launch Of Stellar Second Batch

    Bitcoin-Infused Accelerator Boost.vc Gains Momentum With The Launch Of Stellar Second Batch

    Last summer, Adam Draper and Brayton Williams launched Boost.vc, a 12-week accelerator program for early-stage startups. Taking a familiar approach to business incubation, the San Mateo-based accelerator and investment fund offers a handful of on-site services to its chosen companies, including housing, office space, mentoring and seed funding. Read More

  • BitWall Allows Publishers To Make Money Through Bitcoin Micropayments

    BitWall Allows Publishers To Make Money Through Bitcoin Micropayments

    Here's another way that digital currency Bitcoin could have a big impact, according to startup BitWall: it could give online publishers a real alternative to putting up paywalls or relying solely on ads for revenue. The argument for micropayments is probably familiar to most of you: You may not want to pay a big subscription fee but might be willing to shell out a little bit of money to read an… Read More

  • Atlantis, The Flashy Silk Road Alternative, Shuts Down

    Atlantis, The Flashy Silk Road Alternative, Shuts Down

    Atlantis was supposed to be a "better" alternative to the popular, but hidden, Silk Road market. In short, it allowed the average user to buy and sell drugs, contraband, and whatever else using an encrypted web session and Bitcoin. Now it's sunk. Read More

  • Swiss Company-Builder Centralway Opens $50M Fund, Invests $250k In Bitcoin Whitelabel Exchange Buttercoin

    Swiss Company-Builder Centralway Opens $50M Fund, Invests $250k In Bitcoin Whitelabel Exchange Buttercoin

    Swiss company builder Centralway is opening a new seed and early stage investment arm that will invest $50 million per year into 20 to 30 startups -- including both small seed-stage investment and larger Series A rounds. Its first investment from this new arm is in Buttercoin: a Bitcoin startup aiming to disrupt the global remittances market. Read More