Author: Jonathan Millet

FASCINATING: Dread Pirate Roberts Assassination Transcript No Comments

Yesterday evening, the prosecutors in the ongoing Ross Ulbricht case rested. Before doing so, however, a member of the team read out a long document that – on the face of it – appears to show Dread Pirate Roberts (Ulbricht? Karpeles? Someone else…?) Arranging the assassination we have read so much about in the media running up to the trial. Now, the transcript that the prosecutor read out t...


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Weak Bitcoin Value Forces CEX.IO to Suspend Cloud Mining Services No Comments

CEX.IO, one of the leading bitcoin exchanges and cloud mining service providers, has announced the temporary suspension of its cloud mining services.  They can attribute this policy change to the sudden and drastic drop in bitcoin value in the past weeks.  The suspension is set to begin at the next bitcoin mining difficulty increase and it is unclear how long the suspension will continue. Jeffe...


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Overstock Falls Short of Projected 2014 Bitcoin Sales No Comments

As the first major retailer to accept bitcoin payment, many have keenly watched Overstock.com; they are expecting $3 million in bitcoin sales for 2014. Projections of the 2014 bitcoin sales for this retail powerhouse have been all over the board, and speculated by many.  When bitcoin payment on Overstock first became available in January of this year, the sales were far beyond company expectatio...


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Witness Identities Protected in Ulbricht Case for Fear of Retaliation No Comments

Silk Road orchestrator Ross Ulbricht faces trial in less than a month.  He is facing charges of narcotics conspiracy, money laundering, and computer fraud.  The prosecution and judge have decided to keep confidential the names of the witnesses testifying against him, for fear of their safety. The prosecution made a request to New York district court judge Katherine Forrest to have certain names...


Pay xBox and Windows Live Accounts with Bitcoin No Comments

Microsoft has now joined the many, many retailers that are now accepting bitcoin as payment.  Microsoft, the global powerhouse that created the widely used Windows OS, is allowing its users to fund their Microsoft/Windows Live accounts or xBox Live accounts.  This means customers can now purchase xBox games, mobile apps, music, and other digital media using bitcoin. Bitcoin is now accepted as a...


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Local Businesses Accept Bitcoin Ahead of Bitcoin St. Petersburg Bowl No Comments

One of the hot news items this year has been the St. Petersburg Bowl football game, and it's new game title sponsor, BitPay. The Atlanta-based bitcoin payments processor announced today that over one hundred businesses in the St. Petersburg, Florida area will begin accepting bitcoin ahead of the game, slated to take place on the 26th of December at Tropicana Field. Examples of businesses that ...


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Barry Silbert Announces Winning of 48K Bitcoins From USMS Auction No Comments

There's been a lot of chatter when it comes to the second bitcoin auction held recent by the United States Marshals Service (USMS). Overall, though, it's been somewhat of a mystery, with the general public not being made aware of who's won what. We've heard from Timothy Draper that he's managed to pick up 2,000 bitcoins out of the 50,000 bitcoins that were put up for auction (if you'll recall, he...


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LocalBitcoins.com: Services Will No Longer Be Available in Germany No Comments

One of the most popular ways for users to buy and sell bitcoin has announced a change that is sure to upset German digital currency enthusiasts. LocalBitcoins.com took to their Twitter account on Monday to announce that their services will no longer be available to users in Germany. The announcement comes much to the displeasure of those reliant on the service to acquire or get rid of their bitc...


Tim Draper Investor Portrait

Tim Draper Walks With Small Portion of Auctioned Bitcoins No Comments

Investor Tim Draper is at it again when it comes to getting his hands on bitcoin. If tens of thousands of those coins that he managed to acquire during the Silk Road bitcoin auction earlier this year wasn't enough, he's acquired even more. This week, the United States Marshals Service held their second bitcoin auction (again, from the Silk Road seizures), and Draper managed to pick up an extra 2...


Buy Bitcoin Live Across 33 States, 2,500 Locations via LibertyX No Comments

The Boston company that launched the first United States bitcoin ATM, LibertyX (formerly Liberty Teller), has announced its national expansion plan.  The new plan will span the nation, including 33 states at over 2,500 locations.  LibertyX will allow customers to locally purchase bitcoin quickly, safely, and conveniently. Customers will, effective immediately, be able to purchase bitcoin using ...


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