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Bitcoin startups: The rise – San Jose Mercury News

Bitcoin startups: The rise
San Jose Mercury News
Bitpay (Atlanta): Lets customers of businesses ranging from software-makers to auto dealerships make payments in Bitcoin, then transfers cash to those merchants. Coinbase (San Francisco): Makes a “virtual wallet” that lets users buy Bitcoin and pay for 


Bitcoin startups: The rise
San Jose Mercury News
Bitpay (Atlanta): Lets customers of businesses ranging from software-makers to auto dealerships make payments in Bitcoin, then transfers cash to those merchants. Coinbase (San Francisco): Makes a "virtual wallet" that lets users buy Bitcoin and pay for ...

The Government?s Perilous Bitcoin Chase – Daily Beast

Daily BeastThe Government?s Perilous Bitcoin ChaseDaily BeastTo be fair, there is nothing uniquely nefarious about Bitcoin. It is merely the reigning rock star of the digital currency world, thanks in part to heavy promotion by the Winklevii of The Soc…


Daily Beast

The Government?s Perilous Bitcoin Chase
Daily Beast
To be fair, there is nothing uniquely nefarious about Bitcoin. It is merely the reigning rock star of the digital currency world, thanks in part to heavy promotion by the Winklevii of The Social Network fame. But, as Cohen and Carlin explain it ...

Bitcoin: man charged over alleged multimillion-dollar Ponzi fraud – The Guardian


The Guardian

Bitcoin: man charged over alleged multimillion-dollar Ponzi fraud
The Guardian
The digital currency Bitcoin may have its own Bernie Madoff. An investment scheme promising a 7% weekly return was in fact a fraudulent “Ponzi” scheme, in which a Texas man used new investors’ money to pay interest to existing ones, according to
SEC Charges Texas Man in Bitcoin-Related Ponzi FraudWall Street Journal
SEC brings charges as first-ever Bitcoin Ponzi scheme unravelsRT (blog)
First Ponzi Scheme Involving Bitcoins Results in Texas Man’s ArresteWeek
Kansas City Star –Fox Business –Financial Times
all 64 news articles »

The Guardian

Bitcoin: man charged over alleged multimillion-dollar Ponzi fraud
The Guardian
The digital currency Bitcoin may have its own Bernie Madoff. An investment scheme promising a 7% weekly return was in fact a fraudulent "Ponzi" scheme, in which a Texas man used new investors' money to pay interest to existing ones, according to ...
SEC Charges Texas Man in Bitcoin-Related Ponzi FraudWall Street Journal
SEC brings charges as first-ever Bitcoin Ponzi scheme unravelsRT (blog)
First Ponzi Scheme Involving Bitcoins Results in Texas Man's ArresteWeek
Kansas City Star -Fox Business -Financial Times
all 64 news articles »

SEC Says Texas Man Operated Bitcoin Ponzi Scheme – New York Times

SEC Says Texas Man Operated Bitcoin Ponzi SchemeNew York TimesA Texas man, Trendon T. Shavers, was sued by the Securities and Exchange Commission on Tuesday and accused of running a fund that collected bitcoins from investors, promising them 7 percent …


SEC Says Texas Man Operated Bitcoin Ponzi Scheme
New York Times
A Texas man, Trendon T. Shavers, was sued by the Securities and Exchange Commission on Tuesday and accused of running a fund that collected bitcoins from investors, promising them 7 percent weekly returns. Mr. Shaver ended up selling some of the ...

SEC Charges Texas Man With Running Bitcoin Ponzi Scheme – IEEE Spectrum


IEEE Spectrum

SEC Charges Texas Man With Running Bitcoin Ponzi Scheme
IEEE Spectrum
It’s no secret that many in the Bitcoin community suffer from a severe allergy to financial regulatory agencies. It seems that every time the suits step in (as they did this spring when the Department of Homeland Security seized the assets of Mark


IEEE Spectrum

SEC Charges Texas Man With Running Bitcoin Ponzi Scheme
IEEE Spectrum
It's no secret that many in the Bitcoin community suffer from a severe allergy to financial regulatory agencies. It seems that every time the suits step in (as they did this spring when the Department of Homeland Security seized the assets of Mark ...

Bitcoin Ponzi scheme alleged by SEC in suit against Texan – Kansas City Star

Bitcoin Ponzi scheme alleged by SEC in suit against TexanKansas City StarThe defendant, Trendon T. Shavers, raised at least 700,000 bitcoins through his firm Bitcoin Savings and Trust and improperly used currency from new investors to cover investor wi…


Bitcoin Ponzi scheme alleged by SEC in suit against Texan
Kansas City Star
The defendant, Trendon T. Shavers, raised at least 700,000 bitcoins through his firm Bitcoin Savings and Trust and improperly used currency from new investors to cover investor withdrawals, the SEC said in a complaint filed Tuesday in federal court in ...

Bitstamp bitcoin trading volume overtakes leading exchange Mt. Gox for first time – CoinDesk

CoinDeskBitstamp bitcoin trading volume overtakes leading exchange Mt. Gox for first timeCoinDeskMt. Gox has long been the leader of the bitcoin exchange market, but earlier this week Bitstamp revealed itself as a serious contender. On Monday (22nd Jul…


CoinDesk

Bitstamp bitcoin trading volume overtakes leading exchange Mt. Gox for first time
CoinDesk
Mt. Gox has long been the leader of the bitcoin exchange market, but earlier this week Bitstamp revealed itself as a serious contender. On Monday (22nd July), 8,294.02 BTC were traded on Bitstamp, compared with 8,215.90 BTC on Mt. Gox. At several ...

10,000 Bitcoin Mining ASIC Chips Arrive in Switzerland – 3 TH/s

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Following last week’s report of Avalon ASICs arriving in China, the first European batch of 10,000 Avalon ASICs arrived in Switzerland today. These ASIC chips are customized components used in bitcoin mining, and require being set in PCB boards before they can be used.  Each Avalon ASIC chip runs at 282 MH/s standard clock and an estimated 300 MH/s overclock. The chips will now be shipped to customers to be set in PCB boards themselves, or to companies such as Burnin who sets them in PCB boards as a service. Zefir, an organizer of a group buy, posted pictures on the bitcointalk.org forums. This is the first of a total seven batches (10,000 chips each) organized over a two week period in April. The order was originally placed on April 16th, arriving 99 days later. Avalon’s bulk pricing placed the chips at 0.078 BTC per chip, and Zefir added an addtional 9.9% fee for his…

The post 10,000 Bitcoin Mining ASIC Chips Arrive in Switzerland – 3 TH/s appeared first on The Genesis Block.

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Following last week’s report of Avalon ASICs arriving in China, the first European batch of 10,000 Avalon ASICs arrived in Switzerland today. These ASIC chips are customized components used in bitcoin mining, and require being set in PCB boards before they can be used.  Each Avalon ASIC chip runs at 282 MH/s standard clock and an estimated 300 MH/s overclock. The chips will now be shipped to customers to be set in PCB boards themselves, or to companies such as Burnin who sets them in PCB boards as a service. Zefir, an organizer of a group buy, posted pictures on the bitcointalk.org forums. This is the first of a total seven batches (10,000 chips each) organized over a two week period in April. The order was originally placed on April 16th, arriving 99 days later. Avalon’s bulk pricing placed the chips at 0.078 BTC per chip, and Zefir added an addtional 9.9% fee for his…

The post 10,000 Bitcoin Mining ASIC Chips Arrive in Switzerland – 3 TH/s appeared first on The Genesis Block.

Bitcoin investment fund was Ponzi scheme, SEC alleges – The Star-Ledger – NJ.com

Bitcoin investment fund was Ponzi scheme, SEC alleges
The Star-Ledger – NJ.com
Virtual currency, real fraud. That’s the message the Securities and Exchange Commission sent when it accused a Texas man of running a Ponzi scheme involving the online currency known as Bitcoin. According to a civil suit the SEC filed yesterday


Bitcoin investment fund was Ponzi scheme, SEC alleges
The Star-Ledger - NJ.com
Virtual currency, real fraud. That's the message the Securities and Exchange Commission sent when it accused a Texas man of running a Ponzi scheme involving the online currency known as Bitcoin. According to a civil suit the SEC filed yesterday ...

siliconANGLE » Bitcoin Weekly 2013 July 24: SEC Files Bitcoin-related Ponzi … – SiliconANGLE (blog)

siliconANGLE » Bitcoin Weekly 2013 July 24: SEC Files Bitcoin-related Ponzi
SiliconANGLE (blog)
Crime and politics have followed bitcoin since its inception but not quite in the sense that is being seen today—and, in news more fun, an MMORPG (a massively multiplayer online role playing game) is being developed that uses bitcoin as its core


siliconANGLE » Bitcoin Weekly 2013 July 24: SEC Files Bitcoin-related Ponzi ...
SiliconANGLE (blog)
Crime and politics have followed bitcoin since its inception but not quite in the sense that is being seen today—and, in news more fun, an MMORPG (a massively multiplayer online role playing game) is being developed that uses bitcoin as its core ...

SEC Cracks Down on Alleged Bitcoin Ponzi Scheme – Entrepreneur

EntrepreneurSEC Cracks Down on Alleged Bitcoin Ponzi SchemeEntrepreneurAnother first for Bitcoin, but an ignominious one: The Securities and Exchange Commission has filed its first fraud lawsuit involving the virtual currency, claiming it was used in a…


Entrepreneur

SEC Cracks Down on Alleged Bitcoin Ponzi Scheme
Entrepreneur
Another first for Bitcoin, but an ignominious one: The Securities and Exchange Commission has filed its first fraud lawsuit involving the virtual currency, claiming it was used in a Ponzi scheme. The SEC filed suit against Trendon T. Shavers, founder ...

Texan charged in $4.5M Bitcoin Ponzi scam – Newsday

NewsdayTexan charged in $4.5M Bitcoin Ponzi scamNewsdayUsing online monikers like pirate and pirate40, Trendon T. Shavers, of McKinney, raised at least 700,000 Bitcoin starting no later than September 2011 through his firm Bitcoin Savings and Trust and…


Newsday

Texan charged in $4.5M Bitcoin Ponzi scam
Newsday
Using online monikers like pirate and pirate40, Trendon T. Shavers, of McKinney, raised at least 700,000 Bitcoin starting no later than September 2011 through his firm Bitcoin Savings and Trust and improperly used currency from new investors to cover ...

Andreessen Horowitz: Bullish on Bitcoin – Fortune

Andreessen Horowitz: Bullish on Bitcoin
Fortune
FORTUNE — Ben Horowitz, co-founder of venture capital firm Andreessen Horowitz, is bullish on Bitcoin. Horowitz’s comments came Thursday in Aspen during Fortune BrainstormTech, during a conversation on how technological innovation is shaped by 


Andreessen Horowitz: Bullish on Bitcoin
Fortune
FORTUNE -- Ben Horowitz, co-founder of venture capital firm Andreessen Horowitz, is bullish on Bitcoin. Horowitz's comments came Thursday in Aspen during Fortune BrainstormTech, during a conversation on how technological innovation is shaped by ...

SEC Files Charges Against Bitcoin Ponzi Mastermind Trendon Shavers

Victims of the largest scam in Bitcoin’s brief history can find solace today as the …

The post SEC Files Charges Against Bitcoin Ponzi Mastermind Trendon Shavers appeared first on Bitcoin Magazine.

Victims of the largest scam in Bitcoin’s brief history can find solace today as the …

The post SEC Files Charges Against Bitcoin Ponzi Mastermind Trendon Shavers appeared first on Bitcoin Magazine.