Silk Road Boss Ross Ulbricht's $US11m Bitcoin Stash Up For Auction

If you’ve always wanted to dabble in cryptocurrency speculation but you were just waiting until you could acquire some Bitcoin that you knew was FOR SURE used in digital drug deals, I have some good news for you: the United States Marshals Service is auctioning off 50,000 Bitcoins seized from Ross Ulbricht’s personal computer.

What It's Like Inside One Of The World's Largest Bitcoin Mines

Bitcoin mines are a lot like mineral mines: dark, dismal, and dangerous. Most people wouldn’t know this, though, since these facilities are tucked away in weird, remote corners of the globe. That said, Motherboard recently visited one of the world’s largest bitcoin mines in a remote corner of China and made a documentary about it.

Meet The Street Dealers Who Peddle Bitcoin 

My dealer was 15 minutes late. Maybe he wasn’t even coming. I tried to comfort myself: Getting stood up by a Bitcoin dealer is, on the getting-stood-up spectrum, significantly less soul-torquing than getting ditched by a date, but worse than getting freezed-out by a drug dealer, which is, I feel, somewhat inevitable due to the vagaries of the narcotic supply chain. Still.

A Friendly Reminder: Bitcoin Is Not Anonymous 

Hello my cryptocurrency-lovin’ friends. I just want to have a casual chat, but not that casual, because I’m worried about some of you. Some of you who may be operating under the assumption that Bitcoin is anonymous. It is not.

Bill Gates: Digital Currency Can Help The Poor, But Not Bitcoin

Bill Gates has high hopes for digital currency as an important banking tool for the poor. But Bitcoin isn’t one of those currencies, he said in a Reddit AMA today. At least not in its current form.

More Than Half Of Americans Have No Idea What A Bitcoin Is

Most Americans have no idea what Bitcoin is. A survey from Bitcoin organisation Coin Center using Google Consumer Surveys showed 65 per cent of respondents call themselves “not familiar at all” with Bitcoin.

The First Licensed US Bitcoin Exchange Will Open Today

The bitcoin service provider Coinbase is set to make history later today: it’s going to launch the first licensed US exchange for the currency, approved in 24 jurisdictions around the country.

Silk Road Reloaded Ditches Tor For A More Anonymous Network

Trying to shut down Silk Road, and any of its many-headed hydra reiterations, seems to be the ultimate lesson in futility. According to Motherboard, a new version of the online black market, called Silk Road Reloaded, launched today on the I2P anonymous network, dealing with several altcoin currencies.

One Of The Biggest Bitcoin Exchanges Just Went Dark After Getting Hacked

Just a few days after reports emerged that the infamous Mt Gox meltdown was an inside job, one of the biggest, oldest,and most trusted bitcoin exchanges — Bitstamp — just went offline after a security breach. Bitcoin exchanges come and go all the time, but this is different. Bitstamp is supposed to be the reliable one.

Report: Mt. Gox Bitcoin Loss Was An Inside Job

It’s almost a year since the Bitcoin locker Mt. Gox went offline and took its digital currency with it. Now, a report in Japan’s Yomiuri Shimbun newspaper claims that 99 per cent of the bitcoins that went missing from Mt. Gox falls were a result of “internal system manipulation.”