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Bitcoin news round-up 07.07.2014

Bitcoin continued on its upward trajectory over the past week, rising to $631.48 at the time of writing, up from $598.97 at the start of the week, June 30. Having recovered from some dropback the week prior, the coin is once again comfortably above the $600 threshold; values of which it hasn’t seen since the start of June. Price rises ... Read More »

How Crypto Markets will Undermine Government Control: Money

“The gun has been called the great equalizer… It ensures that the people are the equal of their government whenever that government forgets that it is servant and not master of the governed.”             –Ronald Reagan If the gun is the great equalizer, protecting the people from tyrannical government, then crypto-currency will be the next great equalizer by eliminating the ... Read More »

World Drug Report 2014: Drug Deals Multiply on the Dark Net

Some more bullshit information  – on the good side, DarknetMarkets are booming as we know: Published in IPS: UNITED NATIONS, Jul 3 2014 (IPS) – In its two years of operation, the online marketplace Silk Road raked in 1.2 billion dollars in revenue and amassed an estimated 200,000 registered users – a success story that would be any start-up’s dream. ... Read More »

Independence Day: A Time for Unquestioned Nationalism

July 4th Opinion article by Evan Faggart – The views in this articles represents the views of the author In the United States, July 4th marks the day of our independence. On this day, in 1776, the founding fathers signed the Declaration of Independence, which served as the culmination of an intellectual revolution that lasted for several years in the ... Read More »

NSA’s XKeyscore Source Code Leaked: All Tor Users Classified As ‘Extremists’

As it was published by RT: The NSA has been revealed to mark and consider potential “extremists” all users of the internet anonymizer service Tor. Among those are hundreds of thousands of privacy concerned people like journalists, lawyers and rights activists. Searching for encryption software like the Linux-based operating system Tails also places you on the NSA grid, as Lena ... Read More »

June 18 FOMC Meeting, What it Means for Bitcoin Price?

On June 18, 2014, The Federal Open Market Committee (FOMC), the policy making committee for the United States Federal Reserve, publicly announced the decisions they made during their 2-day meeting. In this meeting, the FOMC discussed the state of the American economy and deliberated on what the Fed’s policy should be in the near future. Several things came out of ... Read More »

Decentralized, Online Markets: A Response to Rand Paul?

Recently, Rand Paul, a Republican senator from Kentucky and potential 2016 presidential candidate, has made the rounds in the mainstream US news circuits touting his plan for the reform of the US’ immigration policy and the security of its southern border. In response to allegations that he supported amnesty for immigrants who have came into the United States and are ... Read More »

One Auction Bidder Claimed The 30,000 Silk Road Bitcoins

Update: VC Tim Draper is the Silk Road Bitcoin Auction Winner: Pioneering venture capitalist Tim Draper, father of noted bitcoin industry VC Adam Draper and managing director of the VC firm Draper Fisher Jurvetson, has been revealed as the winner of last Friday’s US Marshals auction of nearly 30,000 BTC. The announcement was released via a blog post on Medium ... Read More »

Weekly Bitcoin Update – 1.7.14

A recap of the week’s biggest Bitcoin stories from the perspectives of the best sources for e-currency news around the web Industry News The U.S. government held a bitcoin auction on Friday, June 27th. According to MarketWatch, the government’s supply of digital currency was in high demand, with 63 total registered bids. Individuals interested in the auction include SecondMarket’s Barry ... Read More »

Silk Road Bitcoin hoard sold in US!

Update From Coindesk:  The US Marshals Service (USMS), the federal agency tasked with managing the auction of more than 30,000 BTC seized from defunct online black market Silk Road, has released new data about Friday’s event. The agency told CoinDesk that 45 registered bidders participated in the event, and that 63 bids were received over the course of the auction, which ran ... Read More »

Silk Road Tales: Oracle’s Memoirs

Take it for what you want in terms of truth and reliability, there are no guarentees here and we do not endorse / vouch or in anyway confirm or stand behind anything mentioned in this post – Its re posted here because its an interesting read and interesting description of the events, even if you consider this to be 100% ... Read More »

The Silk Road Auction Legitimizes Bitcoin

Recently, the US Marshals have decided to auction off the bitcoins seized in the Silk Road bust that happened in late 2013. As of June 27, 2014, the bitcoins have been sold to the highest bidder. Though, at the time that this article is being written, the winner of those coins remains unknown. There are approximately 30 thousand bitcoins being ... Read More »

Introducing Flowcoins: P2P & Anonymous Multisig Escrow System

We are happy to introduce Flowcoins, an interesting new service providing P2P & Multisig Escrow System operating both on the clearnet and in Tor. Which includes some new and innovative features: As The admin told us: flowcoins started as an idea that the internet needed better ways to handle P2P transactions with Bitcoin that weren’t attached to a storefront site.  ... Read More »

Introduction To Sidechains and Blockchain 2.0

Sidechains is a new concept that could help push Bitcoin forward and expand its functionalities. Firstly we’d like to address what is the Blockchain? A blockchain is a transaction database which is shared by all nodes in the Bitcoin system.All transactions since the creation of Bitcoin are documented on the Blockchain. Sidechains are built on top of the original Blockchain ... Read More »