Recapping the week’s biggest Bitcoin stories from around the web SecondMarket came away from the second Silk Road auction a big winner, according to Sydney Ember of The New York Times. The company was able to purchase 48,000 of the auction’s 50,000 bitcoins, meaning that it was able to purchase 96% of the available holdings. The other 2,000 bitcoins went ... Read More »
Recapping the week’s biggest Bitcoin stories from around the web The second auction of Silk Road Bitcoin by U.S. Marshals has been completed. John Biggs of TechCrunch notes that the auction consisted of 50,000 BTC. A total of eleven bidders placed bids on the cryptocurrency. This number represents a substantial decrease from the 45 bidders who placed bids in the ... Read More »
One Year since Peak Price It has been one year since Bitcoin reached its highest value, leading Eoghan Macguire of CNN to wonder what the future holds for the cryptocurrency. He highlights the opinions of individuals like the Managing Editor of CoinDesk, Emily Spraven, who believes Bitcoin’s price “will begin stabilize over the coming year or so.”Meanwhile, David Yermack, a ... Read More »
Providing the week’s biggest Bitcoin stories from around the web Up in Flames A bitcoin mining facility in Thailand caught fire this past month. Kabir Chibber of Quartz writes that the loss of the five-megawatt operation actually disrupted the entire bitcoin network. While the cause of the fire has yet to have been confirmed, Gizmodo has offered the possibility that ... Read More »
Providing the top Bitcoin news stories from around the web A well-renowned author, known for his writings on international money laundering and the pharmaceutical industry, has turned his attention to Bitcoin. Chris Matthews of Fortune writes that Jeffrey Robinson, in his new book Bit Coin: The Naked Truth About Bitcoin, argues that the cryptocurrency will end up being nothing more ... Read More »
Tor News Earlier this week, the Anonabox raised over $500,000 after launching a campaign on Kickstarter. The anonabox, created by August Germar, is a device designed to route all of a network’s traffic through the Tor network. It runs alongside an existing modem or router, and claims to be fully Open Source. However, after controversy surrounding the project generated quite ... Read More »
Providing the top Bitcoin news stories from around the web Regulation Changes to the BitLicense regulations have been outlined by the superintendent of the New York State Department of Financial Services, Benjamin Lawsky. As Paul Vigna and Michael J. Casey of The Wall Street Journal report, the changes included a BitLicense exemption for software developers, bitcoin miners, and other individuals ... Read More »
A recap of the week’s biggest Bitcoin stories from the perspectives of the best sources for e-currency news around the web A Bitcoin documentary has opened that explores both the potential of the cryptocurrency and its dark side. Ben Kenigsberg of The New York Times details “The Rise and Rise of Bitcoin,” a film from Nicholas Mross. The one hour, ... Read More »
A recap of the week’s biggest Bitcoin stories from the perspectives of the best sources for e-currency news around the web. Paypal Integrates Bitcoin into Paypal Payments Hub CoinDesk reported on September 23 that Paypal would be partnering with BitPay, Coinbase, and GoCoin to integrate Bitcoin into its Payments Hub. This “Hub” is a platform that allows digital content makers ... Read More »
This article is the first installment of a new weekly series on DeepDotWeb. This new series will serve as a weekly Bitcoin price recap, which will give a description of the price movements throughout the week as well as a measurement of the percent rate of change that the price underwent during the week. Additionally, we will use this report ... Read More »
