An announcement was posted to the website of the BTC Guild website stating their intention to shut down. Key dates include November 30th, the day they will shut down their mining servers and January 15th the deadline to withdraw coins from their service. In an update to their announcement they float the possibility of being sold and continuing operations. Note that if sold they do not plan to transfer mining history or balances to the new owners. Continue reading
Category Archives: News
Multisig Vault By Coinbase
Coinbase today unveiled their multisig wallet product which will allow customers to store their bitcoin with the site while restricting the ability for Coinbase and others to move the coins unbeknownst to the customer. Coinbase stated that they underestimated customer demand for such a product. Continue reading
CurrentC Breeched
Fiat mobile payments system and Apple Pay competitor CurrentC has been hacked according to a number of reports. CurrentC says a number of customer email addresses were taken, and the damage is allegedly confined to that.
RockMiner and ASICMINER Form Mining Cartel to Launch AMHash1
ZeusMiner a scrypt mining hardware producer announced in September their partnership with RockMiner to help enter the Bitcoin market. RockMiner then announced they would also be partnering with ASICMINER and XBTec in launching AMHash1 mining fund on Havelock Investments. Continue reading
MIT Bitcoin Project Goes Live
The MIT Bitcoin Project, which raised over $500,000 in bitcoin earlier this year, has finally gone live. Continue reading
USG Bezzel Rocket Explodes
WKMG in Orlando reports that an unmanned resupply ship commissioned by NASA for the International Space Station has exploded seconds after launch. The craft was an Antares Rocket and Cygnus Resupply craft combination supplied to NASA by contractor Orbital Sciences Corporation.
Update: Video of the explosion Continue reading
LedgerX Thinks Bitcoin is Ready for Options (Again)
New York City startup LedgerX has submitted applications to the U.S. Commodity Futures Trading Commisions (CFTC), to register as a "swap execution facility and derivatives clearing organization." If approved LedgerX would be allowed to list physically-settled digital currency option contracts, particularly Bitcoin denominated contracts. Continue reading
Justcoin Exchange Closing
Justcoin is shutting their doors. The announcement on their blog simply reads:
Justcoin is shutting down. Affected users, check your email
But the email reportedly sent to users goes into a bit more detail. Continue reading
FinCEN: Payment Processors, Others may be Regulated Money Transmitters
FinCEN issued two administrative rulings in regards to "Virtual Currency." The first concerns "exchanges" and supposes they may be regulated as Money Transmitters under the Banking Secrecy Act. The second though supposes that payment processors like BitPay may similarly fall under their purview. This shift comes contrary to the expectations BitPay had disclosed anticipating from FinCEN.
PDFs of the rulings are available here: ruling 1, ruling 2. Extracted plaintext is available below. Continue reading
DailyDot: What Happened to the Ulbricht Murder Charges?
The DailyDot has a story about the disappearance of the murder charges which notably were used to deny Ulbricht bail in the Silk Road case. Of the original six murder charges five indictments have quietly disappeared uncharged, while the sixth indictment remains on file in Maryland as opposed to New York, where the drug trafficking trial is occurring. The five uncharged allegations have been reduced to overt acts under the trafficking charge allowing prosecutors to use them against Ulbricht at trial without proving them to the jury. The sixth indictment in Maryland sets Ulbricht up for a potential second trial in that jurisdiction later.