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Weekly Bitcoin Update – 7 September 2014

A recap of the week’s biggest Bitcoin stories from the perspectives of the best sources for e-currency news around the web Donna Leinwand Leger of USA Today reports that Charlie Shrem, the former chief executive officer of BitInstant.com, has plead guilty to assisting the sale of $1 million bitcoins on Silk Road, a web site which was used as a ... Read More »

The FBI Says How It ‘Legally’ Found Silk Road’s Server’s IP

How do you spell  “Parallel construction”? Read the wired article at this url to get the answer: http://www.wired.com/2014/09/the-fbi-finally-says-how-it-legally-pinpointed-silk-roads-server/ Quote: As the trial of alleged Silk Road drug market creator Ross Ulbricht approaches, the defense has highlighted the mystery of how law enforcement first located the main Silk Road server in an Icelandic data center, despite the computer being hidden by ... Read More »

Live: Searchable Silk Road (1) Forum Backup

For those of you wanting to search trough the old Silk Road forum and can’t be bothered with going trough thousands of text files from the StExo backup on antilop.cc/sr, a searchable backup was introduced by Alfred – the Hub forum owner,  the backup can be accessed at this url: http://hubsrf3plqrbuf4i.onion.rent/ Although it cannot be browsed like a normal forum, ... Read More »

Agora Admin Explains: Why is Agora Always down?

For the first time, Agora market (the most successful market at this time) admins offered a complete explanation about “why the market is down all the time?” – an important read for those who are asking this question every time that the market is down. Original post on Agora forums can be found here: http://lacbzxobeprssrfx.onion.rent/index.php/topic,33275.0.html Here is the full quote: ... Read More »

Weekly Bitcoin Update – 31 August 2014

A recap of the week’s biggest Bitcoin stories from the perspectives of the best sources for e-currency news around the web One of the earliest users of bitcoin passed away on Aug. 28th. According to Nathaniel Popper of The New York Times, cryptographer Hal Finney, who had been afflicted with amyotrophic lateral sclerosis (ALS), was taken off life support. His ... Read More »

Neutrino Wants To Be The SSL Of Crypto-Currency

The privacy of crypto-currencies has been a hot issue for the budding industry. It isn’t just libertarians and deep web dealers that are worried about crypto-currency. Crypto-currency, such as Bitcoin, provides much less anonymity than even your bank account, because of the publicly visible blockchain. While, many have been trying to solve this problem (and failing), people have overlooked a ... Read More »

Storj – Decentralized Cloud Storage

Who? Storj is a decentralised cloud storage application. It was founded by Shawn Wilkinson (Lead Developer), Jim Lowry (Lead Advisor), Tome Boshevski (Lead Designer) and Josh Brandoff (Core Developer). Why? When you upload your files onto Google Drive or DropBox or SkyDrive or similar programs, we rely on these companies with our data and we don’t have much control over ... Read More »

Cannabis Road Hacked: $100,000 (~200 Bitcoins) Gone

It been a while since we had one of these messages, but now, Cannabis Road market – the market that was established for cannabis vendors only, got hacked and is now offline until further notice.  If you will try and navigate to the market url, you will get this message:   Greetings Cannabis Road users. I am devastated to announce ... Read More »

Weekly Bitcoin Update – 24 August 2014

A recap of the week’s biggest Bitcoin stories from the perspectives of the best sources for e-currency news around the web After remaining above or around the $600 mark for the majority of the summer, bitcoin’s value has fallen below the $500 mark. Petar Kotevski of ForexNews reports that the price appears to be stuck around the $500 mark. However, ... Read More »

Ross Ulbricht Faces New Round Of Narcotics Trafficking Charges

As it was published earlier: US prosecutors have brought a trio of new charges against a Texas man accused of creating the underground online drug marketplace Silk Road ahead of his November trial. A new indictment against Ross Ulbricht, 30, filed late on Thursday in Manhattan federal court added charges of narcotics trafficking, distribution of narcotics by means of the ... Read More »

Bitcoin-Ethereum (Part 2)

First Part: Ethereum: Making the Entire World Trustless (Part 1 – Introduction) What is Ethereum? Conducting transactions through a third party means we need to assume that the third party conducts the transactions in a secure manner, however these assumptions have been proven to be false, or inconsistent, exemplified by examples such as the Mt.Gox incident. Ethereum, a “Crypto 2.0” ... Read More »

Ethereum: Making the Entire World Trustless (Part 1 – Introduction)

We all know about the radical potential that Bitcoin has to make the world’s monetary system trustless. Bitcoin is already, in itself, completely trustless. There is no central authority that governs over the issuance of Bitcoin or the regulation of its supply. It is scarce; bitcoins cannot be created out of thin air, unlike the fiat currencies we are currently ... Read More »

Weekly Bitcoin Update – 16 August 2014

A recap of the week’s biggest Bitcoin stories from the perspectives of the best sources for e-currency news around the web For the first time since May 2014, Bitcoin’s value has fallen below the $500 mark. As of 11:07PM EST on 15 August 2014, Bitcoin was valued at a price of $488.65. Pete Rizzo of CoinDesk writes that there appears ... Read More »