Weekly Round Up: Beepi and Grooveshark accept BTC, Ukranian Bitcoiners enjoy easy purchases and BitPay launches Copay

By Ugene CheungNews

Here is Bitcoin Examiner’s latest weekly round up with the most important news of the week. US Consumer Bureau promises to watch Bitcoin more closely The United States Consumer Financial Protection Bureau (CFPB) has pledged to follow Bitcoin and other digital currencies more closely. The order came from the Government Accountability Office (GAO). The office, considered the investigative…

July 12, 2014

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Tim Draper, Venture Capitalist, Wins Government Bitcoin Auction

By Ugene CheungNews

Finally the winner has been revealed. Tim Draper, a Silicon Valley venture capitalist, was the sole winner of the US Marshal Bitcoin auction. Mr. Draper purchased all 30,000 BTC, outbidding many other participants in the auction such as Barry Silbert’s SecondMarket. Draper is an investor in Vaurum, an exchange platform for financial institutions. In a statement,…

July 2, 2014

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Fed Actions Confirm Legality of Bitcoin Sale; Key States Remain on the Fence

By Ugene CheungNews

This is a guest post by Daniel Friedberg of Riddell Williams. Actions Speak Louder than Words; Feds Agree to Auction Bitcoin Bitcoins seized in connection with drug trafficking were auctioned off by authorities on June 27. The auction took place on June 27 from 6:00 a.m. to 6:00 p.m. EDT. The property was sold in nine blocks of 3,000…

July 2, 2014

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Bitcoin Security Company BitGo Raises $12 Million

By Ugene CheungNews

Bitcoin Security Pioneer BitGo Raises $12 Million in Series A Financing from Redpoint Ventures, Stratton Sclavos and Syndicate of Leading Bitcoin Investors Former Verisign CEO and Other Online Finance Luminaries Join Forces With BitGo to Shape Future of Digital Money BitGo™, the leading Bitcoin security platform, today announced it has raised $12 million in Series…

June 16, 2014

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Bitcoin Evangelist Jason King runs 3,237 miles to promote cryptocurrency

By Ugene CheungNews

Creating and managing Sean’s Outpost, a cryptocurrency-based homeless outreach organization in Pensacola (United States), was not enough for Jason King. The Bitcoiner has decided to run 3,237 miles across the United States. And his adventure is almost over. After four months, Jason King only has around 30 more miles left to finish his run across the country,…

June 7, 2014

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Bitcoin Central & Eastern European Conference

By Ugene CheungNews

The Bitcoin Central & Eastern European Conference will take place on September 11 and 12 in Ljubljana, Slovenia. The aim of this conference is to address Bitcoin’s future and business opportunities. Speakers include and are not limited to Radoslav Albrecht, CEO & Founder of Bitbond, Stephan Tual, Head of Communications at Ethereum, Jesse Heaslip, CEO…

June 7, 2014

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The #1 Problem Bitcoin Will Solve by 2015

By Ugene CheungNews

Cryptocon is a cryptocurrency summit and barcamp being held in Sydney and Singapore this July. The event will play host to entrepreneurs, investors, enthusiasts and thought leaders in the digital currency space. The emphasis will be on regional leaders of this emerging technology. As an introduction to the event, and to promote awareness, Cryptocon recently…

June 6, 2014

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US Government Bans Professor for Mining Bitcoin with A Supercomputer

By Ugene CheungNews

This article was written by Ruben Alexander and Brian Cohen The NSF or National Science Foundation Office of the Inspector General (OIG) just posted on their website their March 2014 Semiannual Report to Congress (PDF with metadata create date of 5/27). This report contains a write-up on an “Administrative Investigation” by the OIG entitled “Government-wide…

June 6, 2014

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Google, Facebook et al: If You Really Cared About Freedom and Privacy [Time Machine]

By Ugene CheungNews

This post was published on bitcoinmagazine.com on June 8th, 2013 The past few days we have seen shocking revelations from the sphere of digital communications. The Guardian published a leaked top-secret court order requiring Verizon to hand over the metadata (caller, receiver, time, location, duration) of all phone calls made through Verizon’s networks (and not…

June 5, 2014

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Brazil World Cup Gets Unique Bitcoin Bookies

By Ugene CheungNews

A unique Bitcoin betting service for the Brazilian World Cup 2014 has launched, with a unique approach for the gambling world: Bitcoin bookies. Bitkup, which offers home-grown sweepstakes for the tournament due to kick off in two weeks’ time, is setting itself apart from traditional services both in its structure and hard figures, while its…

June 5, 2014

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