James' Home Services To Begin Trialling Bitcoin

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James' Home Services, which is an Australian cleaning and home services business, is to begin trialling bitcoin payments. The company recently released an app which allows customers to book house cleaning, lawn mowing plus more from their phone or tablet and pay with credit card or cash. Bitcoin payments are currently being trialled and are due to come online soon. Continue reading →

Bitcoin Foundation's Financial Standards Working Group Publishes Agenda

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In a press release published October 7th, the Bitcoin Foundation's Financial Standards Working Group outlined a trio of priorities for the last and first quarters of 2014 and 2015, respectively, to include "consensus driven" attempts to alter the way Bitcoin is labeled and represented. Bitcoin Foundation Executive Director Jon Matonis suggested the proposals to recommend Bitcoin subunits and a unicode symbol as well as to apply for ISO 4217 approval for a standard currency code beginning with "X" were "important step[s] towards removing obstacles for mainstream adoption." Continue reading →

Boost VC and ZapChain Team Up To Create The Bitcoin Course

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Zapchain, a Bitcoin social network1 and Draper University, an "innovative and disruptive school for entrepreneurs" have teamed up to offer a free online course on Bitcoin. Zapchain features "Bitcoin Influencers" such as Jackson Palmer2, Adam Draper3 and others such as Jesse Powell4. Continue reading →

  1. Which requires Facebook login to create an account. ↩

  2. Dogecoin. ↩

  3. Boost VC. ↩

  4. Founder of Kraken. ↩

Ulbrich Defense Has 48 Hours to Counter Prosecution's Horowitz Rebuttal

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At today's hearing the day after the Justice Department filed a motion which asserted that cracking the Silk Road servers would constitute a lawful search, the judge in the case has given Ulbricht's defense team a mere 48 hours to counter the arguments in the filing. Ulbricht's trial is scheduled to begin November 3rd.

CryptoThrift Suspends Escrow Service, Coins Lost in Breach

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Auction site CryptoThrift has announced that they have lost more than 15 BTC in a breach of a hot wallet they used for keeping coins in escrow. The incident happens nearly one year after Bitmit, another auction site was hacked for a similar amount. Bitmit shutdown after the operators could not find a buyer who could cover losses. According to CoinThrift the attack occurred early the morning of October 5th but went undiscovered for some time. They report contacting Australian Federal Police about the incident.

RockMiner R4 Devices Seized at Customs, One Person Detained

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Four Rockminer R4 Bitcoin miners were seized by the Customs Service in Chita, Russia along with the Russian Citizen transporting them according to a report by Coinside.ru's Maxim Primakov. According to the report this action may be supposed to be the beginning of a practical campaign against Bitcoin by the Russian Government following longstanding rhetorical opposition to Bitcoin by elements of the Russian Government.

Coinside's report offers hope that Customs officials along the European border may be less capable or inclined to seize Bitcoin mining devices, but cautions their readers about having mining devices delivered by Russian Post as the time taken to receive a Bitcoin miner is a critical factor that affects its possibility to mine profitably.