Tag Archives: Bitcoin

Mon 3rd March 2014
Written by The Domains in EN and tagged
Wired: The Inside Story of Mt. Gox, Bitcoin’s $460 Million Disaster - Wired is out today with an excellent piece by Robert McMillan on the Rise and Fall of Mt.Gox. For anyone interested in what happened with Mt.Gox or just Bitcoin in general, this is worth your time. The article touches upon how Karpeles was not equipped to be a CEO, insiders who knew things would go bad, and how there were a lot of controls not in place, that should have been in place. From the article: The King of Bitcoin The 28-year-old Karpeles was born in France, but after spending some time ... read more ...
Fri 28th February 2014
Written by The Domains in EN and tagged
Mt. Gox Files For Bankruptcy Protection Loses 850,000 Bitcoins, 750,000 Of Customers - Mt.Gox the largest Bitcoin exchanged filed for bankruptcy protection overnight claiming it has outstanding debt of about $63.6 million. The company disclosed that it had lost 850,000 units of Bitcoin, including 750,000 belonging to customers worth about $477 million, based on current exchange rates.   Mt. Gox, at one point handled more than 80% of trades in the virtual currency. Google+Michael Berkens ... read more ...
Tue 25th February 2014
Written by The Domains in EN and tagged
Mt.Gox Goes Offline, Gox.com is sole and some engaging papers uncover up - While reading MattVukas.com tonight Matt mentioned that there was a blogger that was posting some interesting stuff. From the article: But tonight, we may have received the final chapter of Mt. Gox’s last saga, courtesy of a Bitcoin blogger known as “The Two-Bit Idiot”. He posted a chillingly titled entry earlier today titled “Bitcoin’s Apocalyptic Moment: Mt. Gox may have lost 750,000 bitcoins”, referencing a leaked document obtained from “an otherwise reliable source.” 750,000 ... read more ...
Fri 21st February 2014
Written by The Domains in EN and tagged
Mt. Gox Bitcoin Price Falls Below $100, the Lowest Level Since July - Troubled BitCoin exchange continues to have problems and the price of Bitcoin on their exchange has plunged below $10o Peter Rizzo reported on CoinDesk, The price of bitcoin on Mt. Gox dropped below $100, hitting a low of $91.50 on 20th February. Data from Bitcoincharts indicates it was the lowest total observed on the exchange since 22nd July when the lowest price was $89.80. The announcement comes amid increasing criticism from the bitcoin community about the exchange and its questionable behavior ... read more ...
Sat 15th February 2014
Written by The Domains in EN and tagged
Look out Bitcoin, Here Comes NoFiatCoin - BitCoin has certainly had a tumultuous week, from exchange problems and transfers frozen to a $2.7 million theft, this caused Venture Beat to ask if the end was near for Bitcoin. Silk Road 2.0, a black market drug-trading site based on untraceable Bitcoins, reports that 4,474 Bitcoins, valued at about $2.7 million, have been stolen from the site. The virtual currency is encrypted computer code that is stored in a virtual wallet, and only a limited number of Bitcoins are created. The site’s administrator, ... read more ...
Thu 23rd January 2014
Written by The Domains in EN and tagged
Verisign: Rise In Value Of Bitcoin Causes Surge In .Com/.Net Domain Registrations: 22K In 2013 - Verisign just published a blog on how the rising value of Bitcoin has led  to surge of .com and .net domain name registrations.   The value of a Bitcoin surged from roughly $13 at the beginning of 2013 to an eventual high of $1,137 at the end of November (The chart below, courtesy of Coinbase, documents the ebbs and flows of a Bitcoin’s value).       By doing a search of the word “bitcoin” for the past six months, it is fairly easy to see a correlation between the two Bitcoin price surges ... read more ...
Fri 17th January 2014
Written by The Domains in EN and tagged
Bitcoin, Porn and Basketball - Porn.com and the Sacramento Kings are into Bitcoin Two Bitcoin related stories over the last day, the first from The Next Web, “Porn.com’s marketing director: ‘I definitely believe that porn will be Bitcoin’s killer app” From the article: In December, porn.com started accepting Bitcoin for its premium services, and the virtual currency quickly came to account for 10 percent of sales. At the start of January, a post on Reddit’s Bitcoin subforum boosted the figure to 50 percent, before ... read more ...