A woman flying from Brussels to the Dominican Republic has been arrested under suspicion of money smuggling. In an attempt to transfer USD $139,000 into the country, the 40 year old woman opted to swallow 16 capsules carrying a total of $70,000 while the remaining $69,000 was hidden inside her suitcase. Continue reading
mcxNOW Shuts Down For Maintenance (Again)
The altcoin exchange mcxNOW will shutter once again with the site expected to go down for maintenance beginning November 15, 2014. As mcxNOW intend to destroy all wallet backups, users of the website will need to withdraw their coins or risk losing them permanently. Continue reading
Hong Kong SAR Government Sponsored Bitcoin Exchange Bitspark Goes Live
Hong Kong based exchange, payment processor and remittance startup Bitspark have opened their doors for business, having gone into limited beta as of the 22nd of October. In order to entice new users to the exchange, Bitspark will only charge a fee when users withdraw coins from the exchange. Continue reading
BitLendingClub Use Angel.co To Raise Seed Investment
The Bulgarian based crowd-lending platform BitLendingClub has announced a seed investment via Angel.co from Bulgarian VC fund LAUNCHub. BitLendingClub is seeking a total of USD $1.25 million to finance 24 months of operation on the basis that current revenue of $144 K/year will expand to an expected revenue of $4.42 mil/year in 2 years time. The investor presentation can be viewed here. Continue reading
Canadian VPN Provider SurfEasy Team Up With BitPay
The Canadian privacy company SurfEasy, which markets itself as a no-log VPN provider, today announced they have teamed up with BitPay to enable customers to pay using bitcoin when purchasing the privacy based products it offers. Continue reading
Cryptsy and Shavers Sued by Victims
Silver Law Group has filed two lawsuits: one against Paul Vernon, CEO of Cryptsy a cryptocoin to cryptocoin exchange, and Trendon Shavers, also known as "pirateat40", operator of a ponzi scheme, Bitcoin Savings and Trust. Many of Cryptsy's customers have been disappointed with the service, as complaints of users missing coins have surfaced. These complaints became so numerous, the company sent out a blanket email to their users addressing the issue: Continue reading
Taiwan: Regulators Approve Listing of Mining Chip Maker
In Taiwan, regulators have approved the listing of semiconductor design house Alchip Technologies on the Taiwan Stock Exchange. Alchip reportedly produces ASIC mining chips for KNC miner and Avalon as well as chips unrelated to Bitcoin mining.
Swedish Enforcement Agency To Look If Debtors Own Bitcoin
The Swedish Enforcement Authority, which is a government agency that enforces judgements both public and private, has announced it will begin investigating whether debtors have stashed away or hidden bitcoins. Continue reading
Pool's Closed For Crypto Money Expo
Crypto Money Expo, the brainchild of Eyal Abramovitch, is an online Bitcoin conference which runs December 5th through 6th, 2014. Speakers include Matthew Rosak1, Peter Todd2, Sam Onat Yilmaz3, David Johnston4, J.R Willett5, Kirk St Johns6, Ofir Beigel7, Aric Fedida8, Evan Duffield9 and Matan Guter10. Continue reading
New Paper: Bitcoin over Tor a Bad Idea, Especially bad for SPV
In a new paper by Alex Biryukov and Ivan Pustogarov outline deterministic man in the middle attacks that can subject Bitcoin users over Tor to a number of adverse circumstances. From the paper: Continue reading