U.S. Marshals Hold Third Bitcoin Auction

The U.S. Marshals Service is holding its third Dread Pirate Roberts (DPR) bitcoin auction this March 5th, 2015. These bitcoin were seized from Ross Ulbricht, allegedly the Dread Pirate Roberts, in relation to the Silk Road prosecution, an online black market bust primarily related to the sale of illegal drugs.At auction are 50,000 bitcoin separated into two series. The first (series A) will consist of ten blocks of 2,000 bitcoin each, requiring a...

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Bitcoin Wallet Maker WoodWallets to Sell Business

The owners of WoodWallets.io, the makers of handcrafted, wood-carved bitcoin wallets, have announced that the business has suspended operations and is up for sale.The full post stressed that the owners were stepping away from the business due to unspecified personal reasons, and that they were unable to approach WoodWallets with the “same level of passion and dedication”.The post recalls the origins of the project, which began one year ago after...

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Airbitz Enables BLE-driven Wireless Payments for iPhone and Android

If you’ve ever used bitcoin currency, you know that it can be frustrating to try to send and receive money when QR codes aren’t cooperating.Solar reflection, phones with cracked screens, and poorly focusing cameras are among the issues that are hampering widespread use of QR codes and impeding Bitcoin adoption.Developers at Airbitz, a Bitcoin wallet and business directory, have found a solution.In October of 2014, Airbitz unveiled technology that...

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Fedcoin Rising

The idea of a government-sponsored digital currency has been around for quite some time. See, for example, the unconfirmed rumors reported in a March, 2013 discussion on the Bitcointalk forum titled “Fedcoin: A centrally-issued alternative to peer-to-peer currencies .”Now U.S. economists are taking it seriously.On February 3, David Andolfatto , Vice President of the Federal Reserve Bank of St. Louis, wrote a blog post based on a presentation he...

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US Marshals to Auction 50,000 Bitcoins in March

The US Marshals service has announced it will auction off 50,000 BTC, worth 11.85m at press time, to the public on 5th March.The auction will take place from 8:00 EST to 14:00 EST, with bids being accepted only by pre-registered participants. Bidders must complete the registration process by 2nd March to be eligible, while winning bidders will be notified 6th March.As in previous auctions, the 50,000 BTC will be split into smaller auction blocks....

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Look out NASDAQ, Here Comes the Winklevoss Gemini Exchange

“Gemini” means twins in Latin, and it’s also the name of the new Bitcoin exchange created by super-entrepreneurs and venture capitalists Cameron and Tyler Winklevoss. After its public launch in the spring, the New York -based Gemini exchange, announced in January on the Winklevoss Capital website, will be a fully regulated Bitcoin exchange built on rock-solid compliance and backed by the U.S. regulatory and banking infrastructure. The Winklevoss...

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