Bitcoin

  • Chamath Palihapitiya (Social+Capital) in Conversation with Leena Rao

    Chamath Palihapitiya Owns $5 Million In Bitcoins, Wants To Own $10-$15 Million

    We already knew that Chamath Palihapitiya, ex-Facebook executive, and founder and partner of The Social+Capital Partnership, was bullish on Bitcoins. But how bullish? He actually owns the equivalent of $5 million in Bitcoins, representing one of the largest positions in the world with the Winklevoss twins. But that’s not all, Palihapitiya wants to own even more than that — up to… Read More

  • Coinfloor Is A New UK-Based Bitcoin Exchange Backed By Passion Capital And Transferwise Founder Taavet Hinrikus

    Coinfloor Is A New UK-Based Bitcoin Exchange Backed By Passion Capital And Transferwise Founder Taavet Hinrikus

    Passion Capital and Transferwise founder Taavet Hinrikus have joined forces to back new London-based Biticoin exchange Coinfloor, which opens for registrations today. The amount invested remains undisclosed, so we can presume this is a modest Seed round, perhaps in comparison to competitors, while it’s likely testament to Passion and Hinrikus testing the waters, following their… Read More

  • Enthusiasm and Legitimacy with Michael Jackson (Mangrove Capital), Shakil Khan (Coindesk), and Nejc Kodric (Bitstamp)

    The Future Of Bitcoin Will Depend On Upcoming Startups, Regulatory Issues And China

    Today at Disrupt Europe in Berlin, a few major Bitcoin actors in the European Bitcoin community took the stage to share their thoughts about the future of Bitcoin. Michael Jackson (Mangrove Capital Partners), Shakil Khan (CoinDesk) and Nejc Kodric (Bitstamp) are all bullish and have great hopes for the digital currency. Yet, a recurring thought was that the community is still very early in… Read More

  • BeatCoin Demo at Hackathon Europe 2013

    Beatcoin Is A Music Jukebox Hack Powered By Bitcoin Micropayments

    Why did music jukeboxes disappear? They were probably the first truly social experience around music, but then everybody stopped using them. Meet Beatcoin, a nifty hack that was presented onstage at the Disrupt Europe Hackathon. The team turned everyone’s phone into a jukebox. Every bar owner can start accepting Bitcoins to play the songs on his or her phone. “What’s… Read More

  • After Silk Road Closure, And With Baidu’s Blessing, Bitcoin Breaks $200 Again

    After Silk Road Closure, And With Baidu’s Blessing, Bitcoin Breaks $200 Again

    The value of a single Bitcoin has broken the $200 mark for only the second time. The cost of a single Bitcoin hit a high of more than $205 earlier today on the biggest Bitcoin exchange, Mt. Gox, although it’s since dipped slightly. At the time of writing it’s still trading at above $200. Read More

  • 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… 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… 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… 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… 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… Read More