CRYPTOCURRENCIES
Amicus Brief Filed By Bitcoin Foundation in Miami Criminal Case
The Bitcoin Foundation announced Thursday afternoon that they have filed an amicus brief with respect to a criminal case surrounding bitcoin transactions in the state of Florida and more specifically a case involving two subjects arrested last February in Miami Beach.
5Dimes Becomes Latest Online Sportsbook to Accept Bitcoin
Popular 5Dimes.com, a US-facing online sportsbook, has become the latest to embrace the anonymous digital currency bitcoin.
5Dimes began accepting bitcoin deposits early this month but withdrawals via this method will be unavailable for the foreseeable future.
Bitcoin will be converted into US currency at the time of deposit as, as such, customers will not be exposed to fluctuations in bitcoin’s exchange rate.
Over the past month, bitcoin has traded slightly above $600 on average across the various exchanges.
Satoshi Poker Closes: Players Migrated to BurnTurn Amidst ‘Blame Game’
Satoshi Poker unceremoniously shut its doors after just over one year in business and it has done so amidst much finger pointing.
One of the first bitcoin-only poker sites, Satoshi sold to new owners last month, however, this group plans to abandon the Satoshi Poker software in favor of their own including the migration of all remaining players to BurnTurn.com, a soon-to-open online poker room.
9 Biggest Screw-ups in Bitcoin History
With more and more online gambling sites popping up that incorporate the anonymous digital currency bitcoin, CoinDesk.com featured an interesting piece Monday that unveils nine of the biggest screw-ups in bitcoin’s short – and some would say shaky – history.
As you can see, these aren’t just simple screw-ups.
The Isle of Man Is Becoming Cryptocurrency Hotspot
Crypto Next plc is an Isle of Man company that wants to bring digital currencies to grassroots level by providing turn-key packages that include a company, operating and trading accounts and white label currency exchange platform, instantly overcoming regulatory and technological barriers.
Crypto Next plc is the second cryptocurrency company to launch in the Isle of Man, where the Government has openly welcomed digital currency companies; a development which is attracting cryptocurrency based businesses since the announcement on the 10th June 2014.
Online Gambling Operators in France Detained for Running Illegal Bitcoin Exchange
TOULOUSE, France – (Reuters) - French police have dismantled an illegal Bitcoin exchange and seized 388 virtual currency units worth some 200,000 euros ($272,800) in the first such operation in Europe, a public prosecutor said on Monday.
Bitcoin Community Fears 51 Percent GHash Control: Others Say It’s Armageddon
On Friday for a period of nearly 12 hours, mining pool GHash had surpassed the 51% controlling share mark in the anonymous digital currency bitcoin and that has many watchers worried….perhaps with good reason.
Back in January GHash had 42% control and even then there were concerns mounting.
Bitcoin-Only Casino Generates Over $1.4 Mil in Turnover in its First 3 Months
BitCasino.io, the first ever licensed bitcoin-only casino has grown to a player base of 7,000 users betting over 3,000 BTC (~$1,400,000) since February 2014. The success of the casino has been built around its world-class software that includes Live Dealers, Live Dice/Lottery and over 150 HD video slots as well as traditional table games.
Bitcoin Sportsbook Coinbet.cc Folds After Only Four Months
Coinbet.cc, a bitcoin-only online sportsbook, has closed its doors, leaving customers wondering if they will ever see their winnings.
[SportsBettingOnline.com does accept bitcoin here]
SatoshiDice.com Bitcoin-Denominated Stock Sale Draws Ire of SEC
Bloomberg News is reporting that the Securities and Exchange Commission is conducting an investigation into the Bitcoin-denominated stock sale of the online gambling website SatoshiDice.com.
Satoshi Nakamoto Claims Not to Have Been Creator of Bitcoin (Video)
LOS ANGELES (Associated Press) - Dorian Prentice Satoshi Nakamoto said Thursday that he is not the creator of bitcoin, adding further mystery to the story of how the world's most popular digital currency came to be.
The denial came after Newsweek published a 4,500-word cover story claiming Nakamoto is the person who wrote the computer code underpinnings of bitcoin.
Bitcoin Exchange Executive Found Dead: No Foul Play According to Police
SINGAPORE (Associated Press) — The CEO of a virtual currency exchange was found dead near her home in Singapore.
A police spokesman said Thursday that initial investigations indicated there was no suspicion of "foul play" in the Feb. 26 death, meaning officers do not suspect murder.
The spokesman said police found 28-year-old Autumn Radtke, an American, lying motionless near the apartment tower where she lived.
Police have so far classified the death as "unnatural," which can mean an accident, misadventure, or suicide.
Japan Finance Minister Gathering Facts on Bitcoin Exchange Mt.Gox
(Reuters) - Japanese Finance Minister Taro Aso said on Tuesday that the government is still trying to figure out what has led to the collapse of the Tokyo-based bitcoin exchange Mt. Gox and is not sure whether crime is involved.
"We still have not had a clear grasp of the situation," Aso said in response to a reporter's question after a cabinet meeting. "(We) don't know if it was a crime or just a bankruptcy."
Bitcoin Businesses Subpoenaed by US Attorney Preet Bharara
(Reuters) - Manhattan U.S. Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with the probe said on Wednesday.
In the attacks - known as distributed denial of service attacks - hackers overwhelmed bitcoin exchanges by sending thousands of phantom transactions. At least three exchanges were forced to halt withdrawals of bitcoins on February 7, including Mt. Gox, which was the largest at the time.
Mt.Gox Bitcoin Exchange Files for Bankruptcy
(Reuters) - Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.
The collapse caps a tumultuous few weeks in which the company has remained virtually silent after halting trades of the crypto-currency, shaking the nascent but burgeoning bitcoin community.
Infiniti Poker, The Bitcoin Room That Never Was, Vanishes
The wait is over…..really over.
Bitcoin Shocker as One-Time Largest Exchange Closes Its Doors
In yet another blow to the anonymous digital currency bitcoin, the largest exchange has shut its doors.
Mt.Gox posted an update to its site Tuesday saying a "decision was taken to close all transactions for the time being," citing "recent news reports and the potential repercussions on MtGox's operations.
The Bitcoin Revolution on CBS4 South Florida (Video)
“This high tech coin could make cash money obsolete.” That’s the introduction to a special report Wednesday night on CBS4 South Florida. The video itself should be available on the CBS4 website by Thursday morning.
Mt.Gox Bitcoin Exchange Withdrawals to Resume ‘Shortly’
Following a halt to bitcoin withdrawals by one of the anonymous digital currency’s largest exchanges, Mt.Gox, it was announced Monday that these withdrawals should resume “shortly”.
Second Bitcoin Exchange Halts Withdrawals: Canada to Tighten Grip
A second major bitcoin exchange has temporarily ceased withdrawals following an apparent cyberattack that has seen the anonymous digital currency’s price drop in recent days.
Bitstamp followed the move of Mt.Gox by halting withdrawals after hackers had exploited a bug in some underlying software to carry out the attack.
Bitcoin Startup ZipZap.com Could Give Western Union a Run for its Money
CNN Fortune published an article warning that bitcoin start up ZipZap.com could fast become stiff competition for international money exchange outfit Western Union.
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Up until now, Western Union has operated nearly as a monopoly.
CoinDesk Removes Mt.Gox From Bitcoin Price Index
The world leader in news, prices and information on bitcoin and other digital currencies, CoinDesk.com, has taken the unprecedented step of removing exchange Mt.Gox from its bitcoin price index on Monday.
Russia Bans Bitcoin: Price Still Hovering Around $700
Russia banned the bitcoin this weekend, concluding a highly tumultuous week for the anonymous digital currency.
Miami Beach Police Make What Could be First Ever Bitcoin Vendor Arrests
Police in Miami Beach in conjunction with the U.S. Secret Service’s Miami Electronic Crimes Task have arrested two men moving a large amounts of cash in and out of the Bitcoin virtual currency. Experts believe this could be the first case that bitcoin vendors have been charged with a crime.
Bitcoin Price Down Nearly 7 Percent Friday: Volatility Declining, BitBet.com Debuts
The price of bitcoin had dropped approximately 7 percent Friday, quite likely on news that one of the biggest exchanges, Mt.Gox, had stopped processing withdrawals temporarily.
The price of bitcoin had fallen to $686 but rebounded later in the evening to $703, matching the day’s opening price.
Bitcoin Community May Give Up on Mt. Gox Exchange
Following yet another currency withdrawal halt at bitcoin’s most famous exchange, Mt. Gox, traders in the anonymous digital currency may finally be willing to give up on the mysterious Japanese-based operation.
Apple Removes Blockchain Bitcoin Wallet Service App
(Reuters) - Bitcoin wallet service Blockchain was removed from Apple devices.
Apple has removed popular bitcoin wallet app Blockchain from its app stores in a major setback for the popular digital currency.
As a result, iPhone and iPad users do not have any bitcoin wallet options for their devices at present.
Companies That Accept Bitcoin – Including Online Gambling
This week, NASDAQ.com released a listing of companies that accept bitcoin and these mainstream (some not-so-mainstream like Virgin Galactic perhaps) are listed below. But we also list online gambling companies that currently accept the anonymous digital currency as of February 1, 2014.
Betting the 2015 Super Bowl With Bitcoin: Sportsbook Offers Plenty of Props
There is now a high demand for betting on the 2015 Super Bowl with bitcoin and Americas Cardroom has all the odds and prop bets a gambler’s heart desires along with full Bitcoin deposit and withdrawal options.
Americas Cardroom calls itself one of the world's first full-service bitcoin sportsbooks with other payment options available. They claim to have the best odds, the easiest transactions, and deliver a consistently evolving feature set.
More Major Retailers Poised to Start Accepting Bitcoin in Wake of Overstock Success
On the heels of Overstock.com, the Sacramento Kings, two Las Vegas casino establishments and the popular online poker room Americas Cardroom each now embracing the anonymous digital currency bitcoin, other major retailers are about to follow suit.
