Although the US Government is in permafrost until further notice, it hasn’t stopped the courts and police from being busy. New York prosecutors announced yesterday that Silk Road, a dark web trading platform for drugs which are paid for by Bitcoin, has been seized.
MADBITCOINS: Silk Road and Bitcoin Litecoin Flash Crash. As usual an exciting episode. News covers the Silk Road shutdown and the Bitcoin / Litecoin flash crash. [youtube=http://www.youtube.com/watch?v=9KqpS5M4rYQ&rel=0]
Great day at the Bitcoin Amsterdam 2013 Conference. Loads of familiar faces here and some new ones too! I really enjoyed the panel with Roger Ver and Alan Zafahi making some very valid comments, stating the importance of “spreading the word” as opposed to the constant “regulation and bank account complaints”. Interestingly there seems to […]
You want to mine bitcoin. But, how to start? There are three main categories of bitcoin mining hardware, each more expensive and more powerful than the last. This article explains each of them, and talks about how to make them work. By this stage, you will understand how bitcoin works, and what mining means. But […]
If you heard of Bitcoin you have probably heard of mining. So what exactly is mining you ask? Well, to explain that, we need to explain the blockchain. And then we will provide you with the information about, how bitcoin mining works. All About the Blockchain All the transactions for a cryptocurrency are recorded on […]
Bitcoin transactions are sent from and to electronic bitcoin wallets, and are digitally signed for security. Everyone on the network knows about a transaction, and the history of a transaction can be traced back to the point where the bitcoins were produced. Holding onto bitcoins is great if you’re a speculator waiting for the price […]