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/\FLEX : BTC >>@ 61 on bittrex! https://www.bittrex.com/Market/Index?MarketName=BTC-FLEX
Golden Cross Confirmed!!
Look at the 50MA and the 200MA.
Bitcoin about to explode.
This is starting to get interesting.
BUY REAL BITCOINS HERE: coinbase.com
READ!!! Wallstreet Embracing Bitcoin
I cannot remotely express how HUGE this is!!!
http://www.cnbc.com/id/101750918
EXCHANGE YOUR E-WALLETS BETWEEN:
PAYPAL
PAYSAFECARD
BITCOIN
UKASH (EUR,USD,GBP,CANADA)
MONEYBOOKERS (SKRILL)
NETELLER
PERFECT MONEY
LIQPAY
CASHU
ALERTPAY (PAYZA)
MONEYPAK
SOLIDTRUST PAY
AMAZON
WESTER UNION
BANK WIRE
OKPAY
EGOPAY
MoneyGram
NEOSURF
C-GOLD
Voip credit
cash-ticket
PAXUM
LITECOIN
- Instant exchange
- Rate is negotiated in chat
- Yahoo/MSN/Skype/Icq support
- Please Trade in decent amounts to maintain viability and feasibility.
- If you want exchange with me contact me trough my YM,ICQ,SKYPE,MS or send me PM!
ICQ> 618849967 ( aarongood25@hotmail.com )
SKYPE> aarongood25
Yahoo> aarongood25@yahoo.com
Messenger> aarongood25@hotmail.com
CEO of BMO wants to use Bitcoin in the future if they can regulate it more. First CEO of a major bank to say this. Things are looking better for bitcoin for the first time since the Mt.Gox bankruptcy!
http://business.financialpost.com/2014/04/01/bmo-open-to-bitcoin-if-virtual-currency-is-regulated-reliable-says-ceo-bill-downe/
Only after the Feds go after these guys do they find most of the missing Bitcoins in a Forgotten Wallet? LOL! http://www.cnet.com/news/mt-gox-finds-200000-missing-bitcoins-in-unused-wallet/
Anyone know if there are any other bitcoin bank stocks other than SOCR??
I know of Bitcoin Shop (BTCS) and Grand Pacaraima (BITCF), but not sure if they are Bitcoin banks or not...
VC Keith Gilabert says, “Bitcoin is Capitalism and it will Survive the Crash of Mt. Gox”
Keith Gilabert is bullish on Bitcoin (BTC), with a target price for the digital currency soaring to $10,000.00 per coin. The President of Fina V Capital Keith Gilabert states, “Our target price is based on the demand we see from hedge funds and the decentralizing of third world currencies.”
Gilabert states, “The value in Bitcoin is crashing on the Mt. Gox exchange because there is a lack of liquidity and confidence. Bitcoins were not meant to be stored like gold, they are meant to be spent and the price at Mt. Gox reflects the inability to withdraw funds.”
Furthermore, Mt. Gox is not a Bitcoin, they are a third party processor and just like in 2007 during the financial crisis over 400 banks went bust but that didn’t affect your ability to spend dollars. Gilabert says, “Any dip in Bitcoin price is a buying opportunity, this crisis in Bitcoin processors will show which processors are the best capitalized and which ones can build scalable systems.”
The problems for Mt. Gox began on June 19th 2013, when the US Department of Homeland Security and the Secret Service seized three accounts containing more than $5 million.
A survey by CoinDesk showed that 70% of customers cannot withdraw their money at Mt. Gox.
According to Gilabert, “The ability for Bitcoin to appreciate to $10,000.00 is based on the over 22,000 merchants that currently accept the digital currency. As more consumers use Bitcoins there will be reserves created, it’s a lot like having coins in your pocket, you just inadvertently created a reserve for that currency and have reduced the circulation.”
The maximum amount of Bitcoins that can be mined is 21million, Bitcoins can also be infinitely divisible so as more people begin to adopt the digital currency the higher the market value will climb. Gilabert states, “Bitcoins are pure capitalism and will be priced according to supply and demand, which we all know supply is limited and demand is increasing daily, we now have over 60,000 transactions a day.”
Fina V Capital recommends Coinbase and Bitstamp for wallets and processing. This is due to the amount of capital they have attracted from savvy investors such as Andreessen and Winklevoss.
$SOCR name change news! Bitcoin Collect Inc!!!
http://ih.advfn.com/p.php?pid=nmona&article=61291854
Bitcoin Exchange Goes “Dark” – $350 Million Theft Claim
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97918999
Japan says any bitcoin regulation should be international
http://www.reuters.com/article/2014/02/27/us-bitcoin-mtgox-idUSBREA1Q1YK20140227
Mt. Gox bitcoin site disappears
MADRID (MarketWatch) — Bitcoin prices tumbled to levels not seen in months on Tuesday after the popular bitcoin exchange Mt. Gox went blank amid reports that trading was halted earlier and that the website may have been deleted.
The website was functioning on Monday evening. A report on Business Insider cited customers of the Tokyo-based bitcoin platform as saying they received messages saying trading activity was disabled, while two sites monitoring Mt. Gox said there was currently no activity. On CoinDesk, the price of a bitcoin was down 22% to $423.16, at levels not seen since November.. http://www.marketwatch.com/story/mt-gox-bitcoin-site-disappears-2014-02-25?dist=beforebell
$SOCR gets its Bitcoin payment platform in several MJ dispensaries!
http://ih.advfn.com/p.php?pid=nmona&article=61151687&symbol=SOCR
Is Another Bitcoin Flash Crash Imminent? Second Major Exchange Follows MtGox In Suspending Withdrawals
Is Another Bitcoin Flash Crash Imminent?
Amazon.com's bitcoin shop on CNBC! CEO of $TUCND
CNBC alert! Live $TUCND CEO interview on national television now! Ultra low float stock, CEO of TUCND, interview guest on CNBC TV. Tiny float of just 305,405 shares! This thing could go nuts tomorrow.
CNBC link: http://www.cnbc.com/id/101399603
Wall Street Journal article: http://online.wsj.com/article/SB10001424052702304450904579367293415457138.html
Seeking Alpha article: http://seekingalpha.com/article/2003091-2-bitcoin-stocks-to-watch-closely
OTCQB: TUCND
CNBC has a better explanation, http://www.cnbc.com/id/101398515
This can't be good,
http://www.wired.com/wiredenterprise/2014/02/bitcoins-oldest-exchange/
$SOCR BREAKING OUT AGAIN! NEVER TOO LATE TO ENJOY THE GAINS ALL THE WAY TO 1.00$!!
SOCR solid gains today! 4M share float slowly becoming locked and loaded ready to see a blue sky breakout on increased volume.
The Federal Monopoly Reserve Poncy Scheme System Must End -
SOCR Tweeted that they are inking deals today with several companies read to use BITCOIN.COLLECT and MEDCARE.COLLECT!!!
https://twitter.com/SolPowerCorp
this is what gov't is trying to do/ need regulations and regulators for bitcoins.
some say this is exactly what can happen.
US: The Department of Justice has arrested two of the largest
dealers in Bitcoins.
They are charged with money laundering and operating an
unlicensed money-transmitting service.
If convicted, they could serve 30 years in prison -
http://ep.yimg.com/ty/cdn/realityzone/UFNmoreDOJbitcoinBusts.html
re;
Bitcoin: It's not just loopy tulip land, it's worse -
http://www.zdnet.com/bitcoin-its-not-just-loopy-tulip-land-its-worse-7000024009/
The reason why silver continues to languish is purely a political one.
Silver, along with gold, compete against fiat currencies.
All [Western] currencies are issued by central banks.
All central banks are owned by the elites, New World Order,
[NWO], the moneychangers, call them whatever you will.
These elites have a vested interest in preserving the
Ponzi monopoly they have enjoyed ever since Mayer Amschel
Rothschild discovered the power of interest collected on debt,
over 200 years ago.
http://www.marketoracle.co.uk/Article43566.html
Is Bitcoin a Ponzi Scheme? Stock-Markets / Bitcoin
Nov 30, 2013 - 12:36 PM GMT
By: Gary_North
http://www.marketoracle.co.uk/Article43356.html
God Bless
Bitcoin Will Lead to Economic Paradigm Change:
http://3dprint.com/bitcoin-and-3d-printing-will-usher-in-a-new-economic-paradigm/
Interesting read for sure.
Could this mean trouble for Bitcoin? http://articles.baltimoresun.com/2014-02-01/news/bs-md-hopkins-bitcoin-20140201_1_virtual-currencies-bitcoin-foundation-ross-william-ulbricht
Thanks, I will add it to my watch list.
SOCR developing Bitcoin.COLLECT, the first payment platform for medicare using bitcoins!
http://solpowerco.com/more-on-bitcoin-collect/
he's talking his own book of course.
the payment business is massive for JPM.
Is Jamie Diamond right? http://rt.com/usa/chase-ceo-bitcoin-terrible-downfall-100/
Huge News, http://www.cnbc.com/id/101356642
PMXO Security Details
Share Structure
Market Value1 $1,519,079 a/o Jan 22, 2014
Shares Outstanding 80,802,080 a/o Nov 13, 2013
Float 18,600,000 a/o Nov 19, 2010
Authorized Shares 100,000,000 a/o Feb 10, 2009
Par Value 0.0001
PMX Gold Develops Bitcoin for Gold Terminal
Date : 01/23/2014 @ 12:08PM
Source : GlobeNewswire Inc.
Stock : Pmx Communities (QB) (PMXO)
Quote : 0.046 0.0272 (144.68%) @ 12:33PM
PMX Gold Develops Bitcoin for Gold Terminal
Print
Alert
Pmx Communities (QB) (OTCBB:PMXO)
Intraday Stock Chart
Today : Thursday 23 January 2014
Click Here for more Pmx Communities (QB) Charts.
PMX Communities Inc. (OTCQB:PMXO), a precious metals incubation company is integrating a Bitcoin solution into our new terminal.
"The plan was to launch our first Gold machine in the US and build a global gold terminal footprint. The diversification of the terminal was a natural transition for us. Virtual currencies and e-wallets are a perfect fit to out product line. Whereas, we are looking at other precious metals and gems to vend from the machines, a Bitcoin integration product will be our first offering in our new terminals," stated Meris Kott, Managing Director of PMX Bullion Sales, Inc.
PMX Gold Bullion Sales, Inc. a wholly owned subsidiary of PMX Communities, Inc. launched the MGIV gold terminal in Town Center, Boca Raton, in January 2013. It is the first US made specialty-dispensing machine from which consumers can purchase varying denominations of fine gold bullion bars and coins with a touch of a screen, and a swipe of their global credit and debit cards. Pursuant to the first MGIV machine being placed, PMX hopes for a strong USA presence. Discussions are ongoing regarding the international rollout of further terminals in major cities around the globe.
Forward-Looking Statements
Certain statements made by the Company and its management on its behalf in this release and other periodic, oral and written statements, regarding the Company operating performance, events or developments that the Company believes or expects to occur in the future, including those that discuss anticipated financial results, strategies, goals, outlook or other non-historical matters, or which relate to future sales, earnings, expectations, growth of the Company or of the market for its products and services, or general belief in the Company's expectations of future operating results are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are subject to risks and uncertainties, including but not limited to product demand, market and customer acceptance, competition, pricing, working capital considerations, and as otherwise discussed in the Company's SEC filings. Such forward-looking statements are subject to change at any time, and the Company's actual results may differ materially from anticipated results. The Company undertakes no obligation to update or revise any of such statements to reflect subsequent events or circumstances.
CONTACT: Shareholder Relations: (866) 525-4714,
Interactive Business Alliance, Maxwell Farrell
info@ibaconsultingllc.com
Company Information: (561) 210-5349,
info@pmxgold.com
http://www.pmxgold.com
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Integral to Bitcoin is a public transaction log, the blockchain, that records bitcoin ownership currently as well as in the past. By keeping a record of all transactions, the blockchain prevents double-spending.[19] Cryptography is used to protect the integrity of the blockchain.[19]
This master list of all transactions is maintained by a distributed network of computers that does the payment processing work of Bitcoin.[19] Users who devote computing power to maintaining the blockchain in this way are called "miners" and are rewarded with newly created bitcoins as well as fees. Payment processing work done by miners verifies each transaction as valid and adds it to the blockchain.[20] As more bitcoins come into circulation the reward for doing payment processing decreases and will stop altogether when the Bitcoin upper limit of 21 million bitcoins has been reached.[19] As Bitcoin achieves wider recognition and more people compete to mine the coins, competition for the limited number of bitcoins awarded for payment processing work becomes steeper and more powerful computers are needed in order to compete—a fact which has spawned a technology boom in sales of Bitcoin mining technology.[20] In addition, Bitcoin is designed to increase the difficulty of payment processing as more miners connect to the network.
Payment processing[edit]Through various exchanges, bitcoins are bought and sold at a variable price against the value of other currencies.[21] While there may be a seemingly large number, exchanges regularly fail, taking client bitcoins with them.[22] A published research study showed that of 40 Bitcoin exchange markets studied, 18 ended up closing over a period of 3 years.[23] Bitcoin prices are fragmented and vary widely across exchanges.[24]
In order to make a payment, a user requests an update to the master transaction list, the blockchain, and the transaction is validated by the network.[25] Although transactions can be validated instantly, it takes bitcoin miners approximately 10 minutes to record the payment within the blockchain and confirm it was not spent twice.[25] In addition, transactions that pay a fee may be processed more quickly.[citation needed]
Bitcoin payment processing fees are optional and generally substantially lower than those of credit cards or money transfers.[26] Currently, doing the work of payment processing is rewarded with newly created bitcoins. But this reward is halved every few years,[27] eventually phasing out all together when the total number of bitcoins have been released. Once the Bitcoin ceiling of 21 million units is reached, payment processing will only be incentivized with transaction fees.
Wallets allow a user to make and accept payments using Bitcoin. At the most basic, a wallet stores a public key, which some refer to as a Bitcoin address, and its associated private key. They come in a variety of forms: apps for mobile devices and computers, hardware devices, and paper tokens. When making a purchase with a mobile device, the use of QR codes to simplify transactions is ubiquitous.
Bitcoin functions using public-key cryptography, in which a pair of cryptographic keys, one public and one private, are generated.[28] In the case of Bitcoin, the public key functions as an address to which payments can be sent, and the private key acts as a safeguard; it must be presented when making a payment from an address. Because anyone with a private key can spend all of the bitcoins associated with its corresponding public key, securing and protecting is important to prevent theft, which has occurred on numerous occasions.[23] The practical day-to-day security of Bitcoin wallets remains an on-going concern.[29]
The main ways to acquire bitcoins are: exchanges (where bitcoins can be bought and sold for cash), mining, and selling items for bitcoins.[30]
First mentioned in a 2008 paper published under the pseudonym "Satoshi Nakamoto" (a Japanese name that roughly translates as "Thinking clearly inside the foundation"),[31] Bitcoin became operational in early 2009, with the release of the firstopen source Bitcoin client and the issuance of the first bitcoins.[32][33][34] The currency had early technical problems such as a 2009 exploit that allowed the creation of unlimited bitcoins.[35][36]
On average, bitcoins have appreciated rapidly in relation to other currencies including the US dollar, euro, and British pound.[21] In 2011 the value of one bitcoin rapidly rose from about $0.30 to $32, before falling back down to $2.[37] Bitcoin began attracting media attention in late 2012, and numerous news articles have been written about it. In 2013, some mainstream services such as OkCupid, Baidu, Reddit, Humble Bundle and Foodler began accepting it.[38] That year also saw the first interventions by law enforcement. Assets belonging to the Mt.Gox exchange were seized, and the Silk Road drugs market was shut down.[39]
During November 2013, the China-based Bitcoin exchange BTC China overtook Japan-based Mt.Gox and Europe-based Bitstamp to become the largest Bitcoin trading exchange by trade volume.[40] On 19 November 2013, the value a bitcoin on the Mt.Gox exchange soared to a peak of US$900 following a United States Senate committee hearing, at which the committee was informed that virtual currencies were a legitimate financial service.[41] On the same day, one bitcoin traded for over RMB¥6780 (US$1100) in China.[42] With roughly 12 million bitcoins in existence as of November 2013,[43] the new price increased the market cap for Bitcoin to at least US$7.2 billion.[44]
On 5 December 2013, the People's Bank of China announced it was prohibiting Chinese financial institutions from using bitcoins.[11] Following the introduction of these new rules, the value of bitcoin dropped[45] and Chinese internet giant Baidu reversed its policy of accepting bitcoins for certain services.[46] Starting in October 2013, Baidu had been allowing clients of website security services to pay with bitcoins.[47] Buying real-world goods with any virtual currency has been illegal in China since at least 2009.[48]
Certain non-profit or advocacy groups accept bitcoins including WordPress,[49] Tor Project,[50] and the Electronic Frontier Foundation.[51]
The highly volatile value of Bitcoin has led to some questions about its ability to function as a currency.[53] Few are willing to use a currency with a highly variable value.[54] Its deflationary bias, which incentivizes hoarding and removes money from circulation, is also cited as a stumbling block to Bitcoin becoming a functional currency.[55]
Even if Bitcoin fails to make it as a currency, it may continue to prove useful as a payment processing system. Volatility has little effect on its utility in this regard since money would need to be converted to bitcoins only for the short time it takes to make a payment or transfer.[56] Processing fees are substantially lower than those of credit cards or money transfers.[26] Some feel that Bitcoin may be especially well suited to facilitating cheap cross-border money transfers.[56]
Currently Bitcoin does see limited use as a currency.[57] By November 2013 there were about 1,000 brick and mortar businesses willing to accept payment in bitcoins,[58] and more than twenty thousand merchants online.[59]
Some have suggested that Bitcoin is gaining popularity in countries with problem-plagued national currencies, as it can be used to circumvent inflation, capital controls, and international sanctions. Bitcoins are used by some Argentinians as an alternative to the official currency,[60] which is stymied by inflation and strict capital controls.[61] In addition, some Iranians use bitcoins to evade currency sanctions.[62]
Financial journalists and analysts have suggested that there was a link between higher Bitcoin usage in Spain and the 2012-2013 Cypriot financial crisis.[63]
Many have mentioned speculative bubbles in connection with Bitcoin, and Reuters journalist Felix Salmon correctly predicted the bursting of one such Bitcoin bubble in April 2013.[64]
Noted individuals who have named Bitcoin a bubble include Former Federal Reserve Chairman Alan Greenspan; a core developer of the Bitcoin protocol, Mike Hearn; and Economist John Quiggin.[65]
Nick Colas, a market strategist for ConvergEx Group, is among those who see Bitcoin's quick rise in price as nothing more than normal economic forces at work.[66]
Bitcoins are often traded as an investment[67] by speculators who expect the currency to increase in value as its popularity widens.[68] The European Banking Authority has warned that the risks of engaging in such speculation go beyond the possibility that the value of Bitcoin drops.[69]
Bitcoins have been described as lacking intrinsic value because their value depends only on the willingness of users to accept them.[70] Their vulnerability to hacking and theft also makes their use as an investment more questionable.[54]
Derivatives of bitcoins are thinly available. One organization offers futures contracts against multiple currencies.[71]
Bitcoins have attracted the attention of some Wall Street types with Peter Thiel's Founders Fund investing US$3 million and the Winklevoss twins making a US$1.5 million personal investment[72] as well as making an attempt to launch a Bitcoin ETF.
Economists have had a mixed reaction to Bitcoin. Some have responded positively to Bitcoin, including François R. Velde, senior economist of the Federal Reserve in Chicago who described it as "an elegant solution to the problem of creating a digital currency."[73][74]
Other economists commenting on Bitcoin have been critical. Nobel laureate Paul Krugman has suggested that the structure of the currency incentivizes hoarding and that its value derives only from the expectation that others will accept it as payment.[75][76]
Former U.S. Treasury Secretary Larry Summers has expressed a "wait and see" attitude when it comes to Bitcoin.[77]
In November 2013 Richard Branson announced that Virgin Galactic would accept Bitcoin as payment, saying that he had invested in Bitcoin and found it "fascinating how a whole new global currency has been created", encouraging others to also invest in Bitcoin.[17][78] PayPal President David A. Marcus has said he thinks that Bitcoin is a "great place to put assets" but that it won't be a currency until its price volatility reduces.[79]
The blockchain is a public ledger of every bitcoin transaction. Bitcoin does provide anonymity in that a bitcoin address does not directly identify its owner. However, tracking the flow of bitcoins through the address can give clues as to who the owner is.[86] Bitcoin uses cryptography but does not do so to protect the identities of its users. Bitcoin is anonymous in that it is difficult to associate Bitcoin transactions with real-life identities.[87] In addition, Bitcoin intermediaries such as exchanges are required by law in many jurisdictions to collect personal customer data.[Bitcoin have been criticized by the free software movement activists including Richard Stallman for not being an 'anonymous cryptocurrency' and calls for reformed development.[80] Zerocoin was a proposed add-on to Bitcoin, which employs cryptographic accumulators and digital commitments with zero-knowledge proofs to eliminate trackable linkage in the Bitcoin blockchain, which would make Bitcoin anonymous and untraceable, however it has been suggested by Zerocoin developers that instead of building on top of the Bitcoin protocol, Zerocoin may decide to launch as an alternative cryptocurrency instead.[81][82][83][84][85]
Bitcoin's association with criminal activities has historically hindered the currency from attaining widespread, mainstream use and has attracted the attention of financial regulators, legislative bodies, and law enforcement.[88] The Washington Post has labeled it "the currency of choice for seedy online activities,"[89] and CNN has called Bitcoin a "shady online currency [that is] starting to gain legitimacy in certain parts of the world."[90] Its links to criminal activities have prompted scrutiny from the FBI, US Senate, and the State of New York. The FBI stated in a 2012 report that "bitcoins will likely continue to attract cyber-criminals who view it as a means to move or steal funds".[91]
In March 2013 the US Financial Crimes Enforcement Network (FinCEN) established regulatory guidelines for "decentralized virtual currencies" such as Bitcoin, classifying American "Bitcoin miners" who sell their generated bitcoins as money services businesses (or MSBs), that may be subject to registration and other legal obligations.[92][93][94] In August 2013 the German Finance Ministry characterized Bitcoin as a unit of account,[95][96] usable in multilateral clearing circles and subject to capital gains tax if held less than one year.[96] The New York State Department of Financial Services, citing its authority to regulate money transmissions and its concern with criminal activity (Silk Road in particular), announced an inquiry in late 2013 into possible regulations and guidelines for Bitcoin (a "BitLicense") and the holding of public hearings in New York City.[97]The US Internal Revenue Service has also stated that it is actively working on its own rules for Bitcoin.[54]
At the same time, the European Banking Authority (EBA) gave a nuanced nod of approval to Bitcoin usage. Issuing what was formally a "warning" to consumers its about dangers inasmuch as Bitcoin businesses are not regulated or licensed as banks in EU and EFTA areas, they further admitted that these businesses are not currently required to operate under such regulations, thus acknowledging the status quo.[98]
Some have suggested that due to its close association with illegal purchases, governments could outlaw Bitcoin. This assertion has been made by Steven Strauss, a Harvard public policy professor, and was also mentioned in 2013 SEC filing made by a Bitcoin investment vehicle.[99]Bitcoins are not currently illegal in the US, however. FBI Special Agent Christopher Tarbell has stated that "Bitcoins are not illegal in and of themselves and have known legitimate uses".[100]
Several news outlets assert that the popularity of Bitcoin hinges on the ability to use them to purchase illegal substances.[101] In 2013 The Guardian reported that the currency was primarily used to purchase illegal drugs and for online gambling,[102] and The Huffington Post stated that "online gambling accounts for a huge portion of Bitcoin activity."[103] Legitimate transactions are thought to be far less than the number involved in the purchase of drugs,[104] and roughly one half of all transactions made using Bitcoin are bets placed at a single online gaming website.[105] In 2012, an academic from the Carnegie Mellon CyLab and the Information Networking Institute estimated that 4.5 to 9% of all bitcoins spent were for purchases of drugs at a single online market, Silk Road.[106] As the majority of the Bitcoin transactions were at this time speculative in nature, this academic asserts that drugs constituted a much larger percentage of the products and services bought using the currency, however.[106] The Huffington Post stated in 2013 that online gun dealers use Bitcoin to sell arms without background checks.[107]
Some regulatory and law enforecment authorities, including the European Banking Authority, feel Bitcoin may be used for money laundering.[108] A 2012 report by the FBI acknowledged such fears but stated that there were no known instances of this occurring.[91] Some say one obstacle to bitcoins becoming widely used to launder money is the fact that its transaction history is public.[109] During the US Senate hearing in 2013, Jennifer Shasky Calvery, director of the Treasury Department's Financial Crimes Enforcement Network said that despite the possibility for using Bitcoin that "Cash is probably still the best medium for money laundering."[110]
In June 2011, Symantec warned about the possibility of botnets engaging in covert mining of bitcoins,[111][112] consuming computing cycles, using extra electricity and increasing computer temperatures. Some malware used the parallel processing capabilities of the GPUs built into many modern video cards.[113] In mid-August 2011, bitcoin miner botnets were detected again,[114] and less than three months later Bitcoin-mining trojans infecting Mac OS X were also discovered.[115] In April 2013 electronic sports organization E-Sports Entertainment were accused of hijacking 14,000 computers to mine bitcoins; the case was settled in November with the organization fined US$1 million if it breaks the law within the following ten years, or $325,000 if it does not.[116]
Up to the Minute Real-Time Information from Twitter, Newsfeeds, and Real Time Quotes,
Twitter feed- https://twitter.com/bitcoinnews
Newsfeed- http://bitcoinnews.com/
Real Time prices- http://bitcoin.clarkmoody.com/, http://preev.com/
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