Author: btxadm

Bitcoin Tech | Finance | News

Coinbase announces new "vaults" for long-term storage
Bybtxadm July 2, 2014

This morning, Coinbase unveiled a product called “The Vault.” As the name implies, the service adds a wealth of options for customers looking for long-term, high-security bitcoin storage solutions. Using a similar interface to Coinbase’s popular online wallet, Vault accounts allow for timed-locked withdrawals, multiple withdrawal approvals. Unlike Coinbase’s current simple two-factor-authentication user-verification system, Vault…

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Finance | News

Report: Russia's icy stance on bitcoin thaws
Bybtxadm July 2, 2014

The Wall Street Journal reports today that Russia’s longstanding hostility to bitcoin may be easing. The paper reports that the Bank of Russia has altered its policies, and will no longer restrict the use of virtual currencies. Earlier this year, the Russian Prosecutor General’s Office declared bitcoin to be an illegal form of currency, and…

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Bitcoin Exchanges | Finance | News

Venture capitalist Tim Draper revealed as winner of Silk Road auction
Bybtxadm July 2, 2014

Earlier today, venture capitalist and angel investor Tim Draper announced that he was the sole winner of the nearly 30,000 BTC auction of bitcoins seized from the Silk Road. Draper’s firm, Draper Fisher Jurvetson, is extremely well known in investment circles, backing high-profile projects like Skype, Hotmail and Tesla Motors long before they were known…

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Finance | News

Single bidder wins all 29,656 BTC in Silk Road auction
Bybtxadm July 1, 2014

In a brief email sent to media outlets and interested parties, the U.S. Marshal Service announced this afternoon that all 29,656 bitcoin being auctioned off had been awarded to a single buyer. “The US Marshals Bitcoin auction resulted in one winning bidder. The transfer of the bitcoins to the winner was completed today.” Neither the…

Read More Single bidder wins all 29,656 BTC in Silk Road auction
News

Report: Chicago Sun-Times ad lets users buy Beyonce and Jay-Z tickets with bitcoin
Bybtxadm July 1, 2014

It’s no secret that print publications are struggling to remain relevant in an era of mobile-optimized websites, multimedia and social-networking based services like Twitter. But just because you’re struggling doesn’t mean you can’t innovate. The Chicago Sun-Times recently announced that it would be experimenting with a new ad allowing users to directly purchase tickets to…

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Coinbase partners with 1-800-FLOWERS
Bybtxadm July 1, 2014

While the tech world was all abuzz with the news that Newegg is now accepting bitcoin, Coinbase quietly announced a partnership with an eye towards the mainstream audience: 1-800-FLOWERS. The floral and gift delivery service isn’t exactly small a mom-and-pop flower shop, with a net revenue of $735 million in 2013. Perhaps more importantly, however,…

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News

Report: PayPal blocks $270K in donations to popular email provider, highlighting need for greater bitcoin adoption
Bybtxadm July 1, 2014

Created by CERN scientists in the wake of the NSA’s international computer-based spying campaign, ProtonMail is rather hard to cast as a criminally minded project. It exists largely to protect users from having their private emails read by anyone other than the intended recipient, encrypting the email in the browser itself. Given the huge need…

Read More Report: PayPal blocks $270K in donations to popular email provider, highlighting need for greater bitcoin adoption
Bitcoin Tech | Finance | News

Newegg adds bitcoin payment option
Bybtxadm July 1, 2014

Online technology retailer Newegg joined the ranks of bitcoin-accepting businesses today, adding payment support to their shopping card and announcing the new option on their homepage. With $2.8 billion in annual revenue, Newegg is nearly twice as large as bitcoin-friendly online retailer Overstock.com, and is generally thought to have greater sales volume than rival tech…

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Bitcoin Tech | News

MasterCard patent reveals potential bitcoin incorporation
Bybtxadm June 30, 2014

In a patent filed on June 19, credit card industry giant MasterCard hinted at a potential future adoption of bitcoin as a payment method. The patent, which outlines a “global shopping cart and a method for its use,” isn’t specific to bitcoin, and only mentions the cryptocurrency a handful of times, but it does clearly…

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Finance | News

Report: Update from U.S. Marshals Service about Silk Road auction bidders
Bybtxadm June 30, 2014

Representatives from the U.S. Marshals Service confirmed new details about the auction to CoinDesk, adding fuel to the fire of speculation about the results. The agency said that a total of 45 registered bidders participated in the auction, and that 63 bids were placed on the nearly 30,000 BTC seized from the Silk Road black…

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