Monthly Archives: October 2014

Mining Roundup: BTC Guild For Sale and ZeusMiner's Sudden Hardware Halt

The global cryptocurrency mining sector continues to see new developments that will define its evolution in the months and years ahead. In this ongoing maturation, players both new and old are jockeying for a leadership position.

However, this week brings new indications that not all are adapting easily to this reality.

BTC Guild announces possible closure

BTC Guild

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Spanish Hotel Chain Kicks Off Bitcoin ATM Launch With Cocktail Party

A Spanish hotel chain that accepts payment in bitcoin celebrated the launch of a bitcoin ATM in one of its Madrid hotels last night.

One Shot Hotels hosted a cocktail party at its Recoletos 04 venue, which was attended by more than 100 people.

“It was packed. All the Spanish Bitcoin startups were there, along with a lot of bitcoin users and also a few newbies who had a lot of questions to ask,” trader Félix Moreno said.

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Australian Government May Soon Auction $9 Million in Silk Road Bitcoins

The bitcoin community could soon see another high-profile auction of bitcoins confiscated from users of the now-defunct online black market Silk Road.

Australian law enforcement officials are now in possession of 24,500 bitcoins (worth $9.4m at press time) following the conviction of their original owner, 32-year-old Warrandyte native Richard Pollard. Pollard was given an 11-year prison sentence today after pleading guilty to commercial drug trafficking, according to The Sydney Morning Herald.

Judge Paul Lacava told Pollard at the sentencing:

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What New FinCEN Guidance Means for US Bitcoin Companies

Faisal Khan is a payments consultant and digital money evangelist. He is the co-host of Around the Coin, a weekly podcast on banking, money and payments, and is also the resident payments expert on Quora. 

This article, which originally appeared on, has been republished here with permission from the author. 

US Treasury

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WC3's Web Payments Redesign Could Bypass Bitcoin


Like innovators in the bitcoin space, the World Wide Web Consortium (W3C) is seeking to solve e-commerce’s persistent problems of high friction and fraud rates through its new Web Payments Interest Group, announced on 15th October.

Proponents of digital currency have been enthusiastic about the launch, expressing optimism that the non-profit dedicated to establishing consensus for open web standards – founded by World Wide Web inventor Tim Berners-Lee – would embrace an innovation that itself has been heralded as the Internet of money.

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LakeBTC Suspended from CoinDesk Bitcoin Price Index

UPDATE (31st October 2:49pm GMT): A new time for LakeBTC’s suspension from the index and more detail about the latest price data error has been added.

Data from bitcoin exchange LakeBTC will be suspended from inclusion in CoinDesk’s Bitcoin Price Index from 3:00pm GMT today. This is an hour earlier than the original time of 4:00pm GMT.

The move is a result of faulty price ticker data sent by the exchange this morning, 31st October, which supplied bid and ask values of $0 at 07:18 and 08:01 (GMT).

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