Jim Robinson, Tim Draper Confirmed Bidders On Next USMS Bitcoin Auction

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Jim Robinson, a co-founder and managing partner at RRE Ventures stated in an interview with Bloomberg his intention to bid on the next USMS auction. Tim Draper also confirmed his intention to bid via an email sent to Bloomberg News earlier today. Both men are investors in the exchange "Mirror" which recently re-branded from the name Vaurum. Continue reading →

Vessenes' Bitcoin Foundation Publishes Telling Survey Results.

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According to the latest survey results from the USG's Bitcoin Foundation,1 only half of the 225 individual members surveyed even like USGavin et al.2 No report on whether this has anything to do with their insertion of Heartbleed into Bitcoin Core or their continued attempts to increase the block size and thereby compromise the Bitcoin network's security. Continue reading →

  1. Not to be confused with the Bitcoin Foundation incorporated on #bitcoin-assets. ↩

  2. 50.44% "like" or "strongly like." The rest either "strongly dislike," "dislike," or are "neutral." ↩

St Petersburg Bitcoin Conference December 4th

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On December 4th a Bitcoin conference will be taking place in St Petersburg, Russia that features a slate of speakers that includes Pirate Party of Russia founder Paul Rassudov. The conference will take place at the Ambassador hotel on Rimsky-Korsakov drive. According to the conferences website they are still soliciting speakers. Registration for the conference is 10,000 rubles.

Lamassu: 100th Bitcoin ATM Operational

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The Bitcoin ATM vendor Lamassu has announced the successful launch of its 100th Bitcoin ATM thanks to installations in Finland and Indonesia.

Lamassu first began taking pre-orders for the machines in August of 2013 and in April of this year, Lamassu CEO Zach Harvey told the Coin Summit conference held in San Francisco that more than 220 orders had been placed for the machines. This month's announcement that the 100th machine is now operational represents less than 50% of pre-orders having made it to market despite more than a year passing since pre-orders first began. Pre-order sales are often used to conflate the success of a product. Continue reading →

CoinVault: Decrypt One File For Free, Send Bitcoin To Decrypt The Rest

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From Webroot comes a report of a new piece of ransomware called CoinVault. CoinVault works much in the same way as previous iterations of ransomware such as CryptoLocker by encrypting the user's files and then demanding that the user pay a ransom with bitcoin if they wish to reclaim the files. Where CoinVault differs to other ransomware is that it offers the user the choice to decrypt one file for free. The CoinVault ransom states: Continue reading →

USMS Auctioning More Bitcoins

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Today the United States Marshals Service has opened an auction for 50,000 more Bitcoins seized from Ross Ulbricht. The bidder registration period began today at 9:00 AM Eastern Standard time and continues through noon on Monday December 1st, 2014. Bids in the auction are to be entered by registered bidders on December 4th, 2014 from 8:00 AM through 2:00 PM, Eastern Standard time. Friday December 5th the winning bidders will be notified by the United States Marshals Service. Notified winners must initiate a wire transfer from a bank located in the United States and present a receipt for the wire transfer to the Marshals Service by 2:00 PM Eastern Standard time on Monday December 8th, 2014. Further details on the Auction structure: Continue reading →

Rick Snyder Announces Michigan Cyber Civilian Corps

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Following in the wake of the Detroit Mayor's announcement that they were too poor to pay a ransom, Michigan Governor Rick Snyder has announced that the state plans to deploy "volunteer information security experts" in order to combat attacks on Michigan's information technology infrastructure. This announcement came at the same North American International Cyber Summit. Continue reading →