Bitcoin Surges as US Marshalls Prepare for Final Silk Road Bitcoin Auction

As Bitcoin makes its biggest gains in two years, the US Marshall Service prepares its final auction of bitcoins seized during the Silk Road investigation from Ross Ulbricht. Bitcoin has been consolidating since 2013, as headlines like the collapse of Mt. Gox and the Silk Road have colored people’s view of the cryptocurrency. Over the past seven weeks, Bitcoin has sustained its longest run since November 2013. Recently, positive news has painted the picture, as major demand out of China drives up the price of the currency. The central bank there has cut rates multiple times. Other developments, such as the […]

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Bitcoin Surges as US Marshalls Prepare for Final Silk Road Bitcoin Auction

As Bitcoin makes its biggest gains in two years, the US Marshall Service prepares its final auction of bitcoins seized during the Silk Road investigation from Ross Ulbricht. Bitcoin has been consolidating since 2013, as headlines like the collapse of Mt. Gox and the Silk Road have colored people’s view of the cryptocurrency. Over the past seven weeks, Bitcoin has sustained its longest run since November 2013. Recently, positive news has painted the picture, as major demand out of China drives up the price of the currency. The central bank there has cut rates multiple times.

Voxelus Completes a Record $350,000 Pre-Sale Round

Reality content creation platform and marketplace Voxelus has completed its private pre-sale of in-game cryptocurrency Voxels (VOX) with 1.2 million VOX sold for a total of 1,022 BTC. The private pre-sale of 1.2 million VOX for a total of 1,022 BTC (approx. $350,000) has resulted in a record for the largest amount raised in a private crowdsale of a cryptographic token. A majority of the orders came in during the final 48 hours of the private pre-sale. Deemed as the “coin of the realm,” Voxels can be used to purchase digital assets, animations, games and more on the Voxelus marketplace […]

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Juvenile Ran Online Drug Empire From Bedroom, Got Paid In Bitcoin

A German court has sentenced a young man to seven years’ juvenile detention for running a multi-million-euro online drug business from his bedroom in his mother’s apartment, according to The Guardian, the London, U.K.-based newspaper. The man sold nearly one ton of drugs on the Darknet and the open Internet, taking payment in bitcoin and delivering drugs by registered mail. Police described the operation as highly sophisticated. The man, referred to as Maximilian S, rented computer servers in the Netherlands and used IP addresses throughout Germany. He also encrypted his email, took payment in bitcoin and used bank accounts set up with false […]

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Bitcoin Declared Illegal in Taiwan

The Chairman of the Financial Supervisory Commission (FSC) has declared Bitcoin to be illegal in Taiwan, following a recent high-profile kidnapping accident involving ransom demands made in Bitcoin. Despite the mainstream adoption of Bitcoin by a largely tech-savvy population in Taiwan wherein citizens have the means to buy bitcoin in popular convenience store chains, the Taiwanese FSC has today declared Bitcoin to be illegal in the country. The announcement came after a recent high-profile incident wherein a prominent Hong Kong business tycoon was kidnapped by a criminal gang who demanded HK$70 million (approx. 30,000 BTC or over USD $ 10 […]

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Bitcoin Group Delays ASX Listing, Claims Australia’s Prime Minister Is Not A Shareholder

Bitcoin Group has delayed its Australian Securities Exchange (ASX) listing due to issues with the Australian Securities and Investment Commission (ASIC) over indications that Australian Prime Minister Malcolm Turnbull is a shareholder and misstatements about the company’s profitability, according to The Sydney Morning Herald. The company, a bitcoin miner, has postponed its listing date to Dec. 11, 2015. The company said it retracts any suggestion that Turnbull personally invested in its IPO. Turnbull Demonstrated Placing A Bid Bitcoin Group reported in a release dated Oct. 9 that it made history in the lead-up to its IPO with the Prime Minister placing an […]

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Bitcoin Price Advancing Again

Bitcoin price achieved a new high for this year, last week. The correction over the weekend looked to be a potential reversal of the uptrend, but after a relatively shallow retracement the uptrend appears to have resumed. 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: 16h22 UTC BTC-China 1-Hour Chart From the analysis pages of xbt.social, earlier today: Judging by previous corrections during this advance, once price climbs to the previous high advance […]

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Bitcoin-seeking Ransomware Scam Busted

Two ransomware strains, CoinVault and Bitcryptor have been put to bed due to the joint efforts of law enforcement in Netherland and an independent cybersecurity firm. The authors of the malware sought ransom payments from victims in Bitcoin. Ransomware thieves who took Bitcoin payments in return for victims to access their files freely after their rogue file-locking methods have been put out of work. Two authors who allegedly developed the ransomware were arrested in Netherlands and Kaspersky, a cybersecurity firm has confirmed that it has amassed 14,000 decryption keys that are required for victims to access their vaulted files. Russian […]

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Why accept Bitcoin?

Are credit card companies cutting into your bottom line? Bitcoin is a better, less expensive way to accept payments. This means it can help save your business money.

Credit cards were designed in the 1950’s. Bitcoin is made for the Internet age! Bitcoin is a new payment option intended to offer even more flexibility for customers. Bitcoin is quickly becoming the favored form of payment for online stores as well as brick-and-mortar businesses because payments are fast, easy, and more secure. Bitcoin payments can be made easily from anywhere in the world, and offer reduced payment processing costs because payments don’t require a 3rd party. Plus, there are no chargebacks with Bitcoin, putting you back in control of your money. Be your own bank with Bitcoin!

Bitcoins are held in digital wallets, typically in an app on your phone, which uses QR code scanners to transfer bitcoin as quickly and easily as sending an email. With everything going digital, why not accept the world’s best known digital currency that travels with you on your mobile phone?

What is Bitcoin?

Bitcoin is an open source peer-to-peer first electronic money and payment network introduced in 2009 by pseudonymous developer “Satoshi Nakamoto”.

Bitcoin is transferred via the Internet directly from person to person, like a digital form of cash, so there is no need for banks or 3rd parties to handle transactions. Watch this short video for a quick overview.

Bitcoin uses peer-to-peer technology to operate with no central authority, banks, or center point of failure. The managing of transactions and the issuing of Bitcoins is carried out collectively by a world-wide network of users that operates constantly 24/7/365 days a year.