Category Archives: Bitcoin

This HashFast board is no longer for sale.

HashFasts already terrible situation just got a lot worse.

The Bitcoin miner manufacturer-turned-chipmaker never fulfilled a $6 million deal with Bitcoinmining firm Liquidbits, whichfiled a slew of new documents in federal bankruptcy court in San Francisco on Wednesday.

HashFast: We are evaluating our options and preparing our response."

Absent the immediate appointment of a trustee to realize the value of the [Bitcoin mining] chips, there may be nothing left in the estate to liquidate by the time an order for relief is entered, Liquidbits argues in one of its filings.

Liquidbits CEO Gregory Bachrach alleges that HashFast is currently attempting to sell off its remaining inventory of Bitcoin mining chips to a foreign companydespite a binding arbitration order that forbids it from doing so. Neither HashFast nor its attorneys responded to Ars repeated requests for comment.

10 days ago, a different group of five customers filed an involuntary bankruptcy petition against the fledgling San Francisco startup. That was the first step in an attempt to recover more than $330,000 in payments that were apparently never fulfilled. The new filings tack onto that existing involuntary bankruptcy case.

The involuntary bankruptcy filing came days after HashFasts CEO told Ars that his company was as poor as church mice. Prior to that, the company fired half of its staff and declared were not scammers.

In early May 2014, Ars profiled the San Francisco startup and chronicled the numerous arbitration cases and lawsuits that the company has pending against it. Many customers have accused the firm of outright fraud, and some are upset that when the company failed to fulfill its orders, it would not refund the amount in bitcoins as it had previously promised.

In a declaration to the court, Liquidbits CEO Gregory Bachrach writes that his company had placed a $6 million order with HashFast as of October 3, 2013 to acquire Bitcoin hardware constituting a total of three petahashes per second.

Go here to read the rest:

Bitcoin miner startup HashFast could be forced to liquidate

Karl Gray Presents - Part 1
An in-depth and eye opening presentation by Karl Gray, world renowned cryptocurrency advocate, visionary and trader. He brings financial knowledge and experience to the bitcoin space of the...

By: Wil Bown

More here:

Karl Gray Presents - Part 1 - Video

How To Mine Bitcoin- Make Money Online With Filmannex (Demo)
http://www.minebitcoin.tk How To Mine Bitcoin-Make Money Online With Filmannex is the video tutorial for the people who are interested in making some online money from internet.This is actually...

By: How To Mine Bitcoin- Make Money Online

See the original post here:

How To Mine Bitcoin- Make Money Online With Filmannex (Demo) - Video

Bitcoin Shopping for Beginners - Best Way to Use Bitcoin
Use your bitcoin wisely @FreeMobileDataPlans.com http://goo.gl/mNmOze Checkout this quick reference on bitcoin shopping for beginners. View the best way to use bitcoin when shopping online...

By: FreeMobile DataPlans

Read more here:

Bitcoin Shopping for Beginners - Best Way to Use Bitcoin - Video

Hacker Weev Speaks:Invoices DoJ For Prison Time Will Only Take Bitcoin!
In this video Luke Rudkowski of WeAreChange catches up with well known hacktivist Weev. Weev has recently been released after spending 41 months in prison. After having years of his life taken...

By: WeAreChange

Follow this link:

Hacker Weev Speaks:Invoices DoJ For Prison Time Will Only Take Bitcoin! - Video

NXT Community Development Update #7 - (2014-05-21) - Bitcoin 2014 Amsterdam Conference Report

By: NXT Foundation

The rest is here:

NXT Community & Development Update #7 - (2014-05-21) - Bitcoin 2014 Amsterdam Conference Report - Video

Dr. Doom Marc Faber Chooses- Bitcoin or Gold? Squawkonomics
Follow us on Twitter @squawkonomics Keith Hilden of Squawkonomics asks Marc Faber if he would pick Bitcoin or Gold- with surprising insight. Marc Faber is a legendary investor and publisher...

By: Squawkonomics

Original post:

Dr. Doom Marc Faber Chooses- Bitcoin or Gold? Squawkonomics - Video

BITCOIN 2014 - Wences Casares (CEO Xapo) - Getting to a Billion Bitcoin Users
Help make more of this content possible. Please donate: 1LAbmS7ksjpgEyxgHu2JdQhtzk6D3WfE4c Recorded May 16, 2014 at BITCOIN 2014 in Amsterdam, Holland. Wences Casares - Founder and CEO,...

By: Coinsider This!

Read the original here:

BITCOIN 2014 - Wences Casares (CEO Xapo) - Getting to a Billion Bitcoin Users - Video

Facebook executive speaks about Bitcoin Free download
Download link: http://www.bit.ly/1gk2owK - bitcoin coin for sale bitcoin coin generator bitcoin coinbase bitcoin coinbase price bitcoin coindesk bitcoin coins bitcoin coins for sale bitcoin...

By: Pamela Lam

Visit link:

Facebook executive speaks about Bitcoin Free download - Video

Schiff: Bitcoin resembles tulip bubble

The Winklevoss twins call bitcoin "gold 2.0," but longtime gold investor Peter Schiff laughs at the comparision. With CNBC's Jackie DeAngelis and the "Futures Now" traders.

To be sure, the partnership does not mean that Euro Pacific is taking any direct position in bitcoin. BitPay converts the bitcoins from customers into the U.S. dollars in which Euro Pacific will be paid.

"It's a means of payment that allows us to complete the equivalent of credit card transactions, but with a much more efficient process and with a much lower fee," said Michael Finger, director of marketing at Euro Pacific. "Bitcoin facilitates the process, but we're not speculating on bitcoin in any way."

But it's more than a mere marriage of convenience. For Finger, bitcoin investors make for natural gold investors.

"A lot of people in bitcoin are hard money advocates. They know a lot about money, and monetary policy," Finger said. And if they have made a lot of money in bitcoin, there's a good chance they'd like to "put it into gold and silver, and not cash."

Follow this link:

Bitcoin hater Schiff now selling gold for bitcoins