Category Archives: Bitcoin

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By: Hemayet Hossain

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Earn 1000 Bitcoin per month 100% true no scam...Now you can make money without investment - Video

Scheduled to take place on March 5, 2015, the United States government will be placing another 50,000 Bitcoin on the auction block in segments of 2,000 and 3,000 Bitcoin. Currently valued around $235 a Bitcoin, the market value of the entire block of Bitcoin comes in around $11.8 million. Whilethe value of Bitcoin will likely change before the start of the auction, the price of Bitcoin has been fairly stable for the last 30 days after falling to a low of $177 during mid-January.

This block of 50,000 Bitcoin was seized fromRoss Ulbricht, the allegedcreator of the Silk Roadonline black market. Recently convicted on a number of charges related tonarcotics,Ulbricht had claimed that he wasnt responsible for the illegal activity that occurred on the site. Afederal jury disagreed andUlbricht is now facing a possible life sentence for his role in Silk Roads operation. His official sentencing will occur on May 15, 2015.

To register for the Bitcoinauction being run by the U.S. Marshals service, you will need a hefty cash deposit to prove eligibility. The2,000 Bitcoin block requires a deposit of $100,000 and the3,000 Bitcoin block requires a deposit of $150,000. A total of 20 blocks will be auctioned off on March 5 and the winning bidders will be notified by the end of the following day.

This is actually the third auction for Bitcoin related to the Silk Road seizure. During June 2014, theU.S. Marshals service auctioned off roughly 30,000 Bitcoinand an additional 50,000 were auctioned off during December 2014.

Interestingly, if theU.S. Marshals service had auctioned off the entire allotment of Bitcoinshortly after the initial seizure during October 2013, the value of the entire block would have been worth approximately $125 million. Assuming theU.S. Marshals service haveobtained current market value for previousauctions and will do the same for next months auction, the approximate revenue generated from the sales will total around $45 million.

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U.S. Marshals will auction off over $11 million in Bitcoin

The Bitcoin Group #66 Google Play Suspends Mycelium Wallet Hong Kong Considers the Banhammer ...
The Bitcoin Group discusses Mycelium, Hong Kong Banhammering Bitcoin, NY taking bitcoin for fines, Thomas Hunt #39;s move to BTCJam, and Darkleaks. Story links: ...

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The Bitcoin Group #66 Google Play Suspends Mycelium Wallet Hong Kong Considers the Banhammer ... - Video

Make free bitcoin (BTC-Flow)
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Make free bitcoin (BTC-Flow) - Video

Samuel Kovac: Bitcoin Specialist/Lecturer And Citizen Of Former Communist Czechoslovakia
Please enjoy my recent interview with Samuel Kovac. Herein we discussed how he became an Anarchist, his experience in Communist Czechoslovakia, prohibited goods/actions under Communism, ...

By: PeacefulAnarchism

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Samuel Kovac: Bitcoin Specialist/Lecturer And Citizen Of Former Communist Czechoslovakia - Video

Bitcoin to Die its unavoidable The death of crypto and the blockchain
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Bitcoin to Die its unavoidable The death of crypto and the blockchain - Video

bitcoin lottery
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bitcoin lottery - Video

Virtual CoinBox crypto market place bitcoin litecoin dogecoin

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Virtual CoinBox crypto market place bitcoin litecoin dogecoin - Video

Changing cryptocurrency wallet location Dogecoin Bitcoin Litecoin

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Changing cryptocurrency wallet location Dogecoin Bitcoin Litecoin - Video

Story highlights It costs less to send Bitcoins overseas than traditional money In Sub-Saharan Africa, 75% of the population don't have a bank account African services like Beam and BitPesa convert Bitcoin to local currencies Established money transfer players pose a challenge to Bitcoin

CNN Marketplace Africa covers the macro trends impacting the region and also focuses on the continent's key industries and corporations.

Bitcoin -- the world's much talked about cryptocurrency -- is just that. It can't be printed, it can't be directly controlled by governments or central banks, but it can be sent around the world instantly at a low cost.

And in sub-Saharan Africa, where 75% of the population don't have a bank account, experts say the currency could help millions of people pay bills and get to grips with their finances.

Transferring cash via a bank or a Money Transfer Operator (MTOs) like Western Union or MoneyGram can be costly. According to the Overseas Development Institute, the average charge to transfer $200 to Africa using traditional money transfer services is 12%. If you send $200, you pay $24. The ODI added up all the transfers that happen in a year, and found remittance fees cost the African continent $1.8 billion a year.

What if that money could be spent on things, rather than fees?

As Bitcoin is a virtual peer-to-peer currency -- designed to operate on the border-less internet -- the costs of transferring money can be radically cheaper than traditional methods, and the process is much quicker.

"Bitcoin can greatly alter the remittances industry and beyond," says Michael Kimani, who heads the African Digital Currency Association, a Kenya-based group launched last May to promote digital currency technologies. "From seven days [for a transaction to clear] using banks & PayPal, down to 20 minutes speaks volumes."

African examples

Beam is a service in Ghana that converts Bitcoin sent from abroad into the local currency, cedi. Since launching three months ago, it has attracted 30 users who pay a 3% fee on each transaction rather than the average 12% from traditional transfer services.

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Africans take to Bitcoin