Lower mining fees

Bitbargain.com

2017. Jun. 18. 23:49

Lower mining fees

The txfee calculation has been optimised, the dropdown information has been improved.

What’s changed:

- Instead of taking the recommended fastest fee from bitcoinfees.21.co, we now process and evaluate the full statistics.

- Instead of using the recommended fee as the basis and splitting it to offer different options, we now use specific block targets (first block, within 3 blocks, within 10 blocks as high/medium/low respectively).

- We now look up and display the expected block delay for the minimum txfee option (ie. free withdrawals using the txfee paid by us).

- The availability of a free withdrawal is no longer determined by the mempool backlog but rather if the block delay for the free withdrawal is below 20 blocks.

- The expected sat/B amount for your transaction is shown in the dropdown.

- The expected block delay is shown in the dropdown.

UK bank refunds

Bitbargain.com

2017. May. 16. 02:21

UK bank refunds

Which? wanted banks to refund consumers in cases where victims had accidentally transferred money to a fraudster, similar to the protections provided on credit card transactions.

http://www.bbc.com/news/business-39924596

Bitcoin breaks all time highs

Bitbargain.com

2017. May. 03. 23:02

Bitcoin breaks all time highs

To the moon.

Famous Bitcoiners who left crypto

bitcoinful

2017. Apr. 30. 22:00

Famous Bitcoiners who left crypto Satoshi Nakamoto: Disappeared after Gavin went to the CIA. Might be still amongst us.Mike Hearn:...

716 CryptocurrenciesMarket Cap: $35,596,556,626#Bitcoin...

bitcoinful

2017. Apr. 30. 17:00

716 CryptocurrenciesMarket Cap: $35,596,556,626#Bitcoin...

716 CryptocurrenciesMarket Cap: $35,596,556,626#Bitcoin Dominance: 60.4%

Mining fee contribution raised

Bitbargain.com

2017. Apr. 29. 06:38

Mining fee contribution raised

We have raised our own contribution to the TXFEE from 0.0006 BTC to 0.001 BTC. This means that even if you choose to add no fee of your own, we still pay 0.001 BTC when you make the withdrawal. And if you choose to target the fastest confirmation with the highest fee option, we still contribute that much to the withdrawal as before, that way you don’t have to pay as high of a mining fee as you normally would.

The fastest confirmation option in the dropdown box is currently 0.00028721 BTC with over 40,000 pending transactions in the mempool.

Also: the sending part of the wallet has been rewritten from scratch for reliability and to fix some bugs (direct wallet transfers no longer require you to have the mining fee available).

Fork Attack ft. @aantonop #bitcoin #music

bitcoinful

2017. Apr. 26. 07:43

Fork Attack ft. @aantonop #bitcoin #music

Fork Attack ft. @aantonop #bitcoin #music

The real story of #bitcoin.

bitcoinful

2017. Apr. 06. 11:34

The real story of #bitcoin.

The real story of #bitcoin.

SEC on Bitcoin: NO

Bitbargain.com

2017. Mar. 11. 07:31

SEC on Bitcoin: NO

This is what a “no” looks like:

The price went:

Stuck transactions

Bitbargain.com

2017. Feb. 25. 04:47

Stuck transactions

As it stands, we have over 300 BTC of transactions stuck, waiting for confirmations. Based on some articles there are other exchanges dealing with a similar issue.

We have tried to double spend inputs for transactions where the TXID was no longer visible by blockr.io or blockchain.info, directly to these explorers and the transaction was rejected. This means that the transaction is still out there in the mempool and is waiting for confirmations.

And as long as there aren’t too many miners cheating on the priority formula (focusing on highest fees with no consideration to input age) the transaction should confirm in some days as the priority should in theory continue to increase.

Because we can’t afford to wait for our coins to return in days, free withdrawals have been disabled temporarily and our own share of the txfee has been raised. The mempool transaction count has dropped from 100k to just 40k. Hopefully we can soon clear the huge backlog and get the coins back.

In the meantime, we’ll do a test with CPFP (”Child Pays For Parent”). Perhaps we can provide a tool to speed up the confirmation.

https://www.cryptocoinsnews.com/bitcoins-transaction-backlog-hits-all-time-high/

https://blockchain.info/en/charts/mempool-count?timespan=30days

https://bitcoinfees.21.co/

https://themerkle.com/core-developer-bitcoin-is-about-financial-sovereignty-not-speed/

http://www.blockalerts.com/all/nothing-to-worry-about-high-transaction-fees-in-bitcoin/

https://medium.com/@jimmysong/why-bitcoin-will-get-scaling-without-segwit-or-large-blocks-772799fab021

Txfees updated

Bitbargain.com

2017. Feb. 19. 17:23

Txfees updated

In our rush to add the transaction fee as an option, the end result did not turn out to be as efficient or fair as it should have been.

With our latest update, the following changes are now in effect:

- We query bitcoinfees.21.co for their estimate on the lowest BTC/KB fee setting which would confirm a transaction as soon as possible.

- Instead of having to choose a fee for yourself, now you have at hand the cheapest fee in the list which targets the first available block for confirmation.

- The actual fee used is (OUR FEE OFFER) + (YOUR FEE x 3). Our current txfee support is 0.0003 BTC / KB.

- Withdrawals without a fee are no longer grouped together with withdrawals expedited with an extra fee offer.

What are the advantages? You no longer have to guess or pay more transaction fees than needed and quick transactions just became a lot cheaper.

The information in this post may be inaccurate or outdated. Please refer to the BitBargain FAQ for more up to date information.

“It’s about financial freedom and not about speed.”

bitcoinful

2017. Feb. 17. 18:57

“It’s about financial freedom and not about speed.” Eric Lombrozo, a Core Bitcoin developer and CEO of Ciphrex Corp.stated recently in an interview,...

Withdrawal priority

Bitbargain.com

2017. Feb. 12. 08:14

Withdrawal priority

After the recent week of insane transaction counts in the bitcoin mempool and users complaining about slow confirmation all around the world, we have decided to implement a quick upgrade to the bitcoin wallet on BitBargain.

It looks like this:

But that’s not all…

We have also upgraded the hot wallet input management allowing us to in the near future be able to store more bitcoins in the protected storage while also improving withdrawal and confirmation times.

The bitcoin mempool’s transacion count will be displayed on the wallet’s page and if the network seems congested a note will appear to recommend setting an extra fee to your transaction.

So what is “extra fee”?

The higher the extra fee, the quicker your transaction is likely to confirm. If a fee is offered, the withdrawal is processed with a shorter wait. The actual fee applied will vary with every transaction and may be more or less.

You can read more about how and when to use the extra fee setting in the BitBargain FAQ.

The short version is: you might want to add a small fee if you’re in a hurry and the mempool is big. If the mempool happens to be very big and you need the coins to confirm as soon as possible, you may choose to pay a bigger fee. Right now there are only 5,000 transactions in the mempool and the current warning box threshold is 20,000 transactions.

#Bitcoin when ready…

bitcoinful

2017. Feb. 07. 09:58

#Bitcoin when ready…

#Bitcoin when ready…

Beyond Bitcoin - The war on cash is real

Blogchain

2017. Feb. 06. 21:05

The War on Cash is Real A cashless, weaponless, obedient society is coming to a city near you.

Ban on cash = slavery

Bitbargain.com

2017. Jan. 30. 18:33

Ban on cash = slavery

The EU is trying to ban cash. The global war on cash will bring tyranny and we can say goodbye to our freedoms. Related article:Europe Lays Out Roadmap to Restrict Payments in Cash and Cryptocurrencies Click on this wonderful infographic for more information:

Bitcoin right now

Bitbargain.com

2017. Jan. 24. 05:10

Bitcoin right now

Blocks, mempool, price.

What’s Truly Remarkable about Bitcoin

Bitbargain.com

2017. Jan. 12. 01:16

What’s Truly Remarkable about Bitcoin What’s Truly Remarkable about Bitcoin:

What’s Truly Remarkable about Bitcoin: It Exists

https://fee.org/articles/what-s-truly-remarkable-about-bitcoin-it-exists/

Bitcoin finished the year 2106 at $968.23, which is more than...

bitcoinful

2017. Jan. 06. 10:37

Bitcoin finished the year 2106 at $968.23, which is more than...

Bitcoin finished the year 2106 at $968.23, which is more than double its value from the beginning of the year.

Deflation

Bitbargain.com

2017. Jan. 05. 21:14

Deflation

Screw the new year, happy $1000

Bitbargain.com

2017. Jan. 02. 08:42

Screw the new year, happy $1000

The (non-mtgox) Bitcoin has reached $1000 again.

China behind Bitcoin price boom

bitcoinful

2016. Dec. 31. 13:41

China behind Bitcoin price boom Yuan dropped by a total of 6% against a stronger dollar in 2016.And as it gets weaker China’s...

How Bitcoin Works

bitcoinful

2016. Dec. 28. 16:30

How Bitcoin Works

How Bitcoin Works

Bitcoin is the Answer!

bitcoinful

2016. Dec. 28. 15:42

Bitcoin is the Answer!

Bitcoin is the Answer!

Bitcoin Reading List 2017

bitcoinful

2016. Dec. 28. 15:33

Bitcoin Reading List 2017 Bitcoin Reading List 2017: In order to obtain a basic understanding of both Bitcoin itself and its...

3 Things You NEED to Know About #Bitcoin.

bitcoinful

2016. Dec. 16. 08:28

3 Things You NEED to Know About #Bitcoin.

3 Things You NEED to Know About #Bitcoin.

Experts predict Bitcoin will hit $10,000 and even $1 million.

bitcoinful

2016. Dec. 13. 22:18

Experts predict Bitcoin will hit $10,000 and even $1 million.

Experts predict Bitcoin will hit $10,000 and even $1 million.

#Bitcoin is the Sewer Rat of Currencies

bitcoinful

2016. Dec. 11. 00:01

#Bitcoin is the Sewer Rat of Currencies

#Bitcoin is the Sewer Rat of Currencies

Warrant canary on steroids

Bitbargain.com

2016. Dec. 09. 06:25

Warrant canary on steroids

The warrant canary on steroids for BitBargain.co.uk is now publicly available. Check out this PGP signed document daily to learn more about the frequency and type of requests from authorities.For every date, we leave a remark about which authorities didn’t contact us, what they didn’t request from us and so on.

A quick scroll through this document will show if BitBargain is compromised by a state actor. The warrant canary improves transparency regarding the type and frequency of requests BitBargain receives from authorities and how often these requests are complied with.

The codes used for the daily entries look like this:

POLICE = Contact established by the policeNCA = Contact established by the National Crime AgencyAUTH = Contact established by other authorityFRGN = Contact established by authority of a foreign (non-UK) stateWRNT = Judge signed court order receivedNATSEC = National security referencedINFO = Reasonable amount of information provided on grounds for requestCOMP = A request was complied withINTR = Confirmed intrusion into IT systemsSRCH = Physical search of assetsACTX = Currently active system changeACTI = Currently active access to system or informationRFAC = Request for future accessibility of privileged dataRFKY = Request for encryption key (SSL, GPG or other)RFDB = Request for database, files or raw disk dataRFCS = Request for modification of any parts of the systemRFSA = Request for access to server (directly or via hosting company)RFTX = Request for information about a bitcoin transaction or addressRFNP = Request for other (non-public) information in generalRFCI = Request for user information (or its existence)RFUX = Request for action to be taken in connection with a user

The warrant canary URL is: https://bitbargain.co.uk/warrant-canary.txt

Warrant canaries will be signed with the following PGP key (0x0304FE2C8C47E7A8):

-----BEGIN PGP PUBLIC KEY BLOCK----- Version: GnuPG v2.0.17 (GPG) mQENBFDU7tABCADDVUmQZQZ6RWyWmEM0pUkk8f619M1EJFh9RHryI2vJ3AvtvPIb DPl54/MOMQ4jMR2+g3UcKKWVMXe5RhFF7kHHJAVzfJnxYHtxQZ4sIeUc3k+ceRPv HbZ8NZphEzhG72d3E5loFcQCkEAixr5w3vlgBoXd2KbIqJ9WuO0avjL96JVAYF6L Gi2guA6jWMWfSFuoemJw3VxeXROz294B4Y9cYI7nIDhUOpTsU9jtrEIpXJ2YmxIg 4nEDY6G0hBk4h2fG3csSIy1jvuBUeHMLJ/h/cbMgOCG93jSpHPWDrdq3IjPCpIiK hSbIHn2m3AJjS8/VK7Anji9y9EHgkk8HCsmXABEBAAG0IGJpdGJhcmdhaW4gPGlu Zm9AYml0YmFyZ2Fpbi5jb20+iQE4BBMBAgAiBQJQ1O7QAhsDBgsJCAcDAgYVCAIJ CgsEFgIDAQIeAQIXgAAKCRADBP4sjEfnqEH0CACp+GqgiCV3Hz7hU6OzFGYYNaSx czWCzmAe27fZUF27hr7tDnxyRqBBdrakJmd+ODY3axxDUDEucaHAZwKLis2Tpbxr 1qfpRPFJuk0rchnfVQTCPR/VYl5YSXJTmTTWXY+yCmASNVKOiCFo4u8cEw3xbObM Lkqykm/iApglXg+Pp1Fj1/Q24EH4ZouultPvDPuWhFBj0BBSdnIjFRtNwwNgz+2Y zGRc2DLq+BJZHefwdrTxbhUmVcft7dODeU+YQGj3o5vdugiEoLgSVbcAfhsv6glz VAvZkoihSCk1ay6xWHtptXuETpfIbq/3sFEHsDYV1+y1M1d8nvzHiFsaEabYuQEN BFDU7tABCADVfLF1PjYJNYD9snyCP+VHnGrjKTZD88KyrpkBT8qoSoFDSWohmAoa ZYa1HNNnTD0BsWvjQ3yCNB2J7/+SWlY/gtKYp/aJ5Zh4oE6xfgBFpxIQ94szf/dz dMwJJ3vcnk/ZYGpQgsguUhUi/JoHtCKeUOjigTkLURdOYhkB6w2IaNQO4JOdr+Ic 68jpw75VHZExrMPZ+CNMI7aoJ3N8OCrK4GPkW+JRKdRQw1jUlmembHdbxCkfFxb4 30zguNUw43jyFCde65RAsevwa/gH49KRn4eo6TOGP/CgreMXerA0h53eBqR56Qhw 8EJldhVOjYzVKo9ZNTMXOirfRjv6B1QXABEBAAGJAR8EGAECAAkFAlDU7tACGwwA CgkQAwT+LIxH56gFxgf+LvGfM6DCrG3rqsQbkPkLsbvzMZ3ktbXzu5OVSuoYQm+V m9rYZccEgzg/6w0LOPb78i811PeKI8o8v0wBbQb9X3d9neT+q5k8dc8OePBWtJvU EqdbdebALU7sni9rCpDCsmbiYn69FEYdfGh/6NhIPmYPgBjVLxSQ5l8iBd5Sm1+t 8DGptFOGFa8urOPdEzUSjQ/i9hlrWqTfXGDronoPiZSUQ+TN2yiBLA0+RGAuhbZm 59EFogh+ggCNwHGlD9xbRaMTnJP6E9ElC9oOzlwbC90Zoap9r0MXE9AWtvqtXEqH o/ot5ducvPoIqc3j1Ie3f3J+VhAfSQYkn6mLUybaVw== =CjgF -----END PGP PUBLIC KEY BLOCK-----

Really good talk and good points made.

Bitbargain.com

2016. Dec. 07. 14:59

Really good talk and good points made.

Really good talk and good points made.

Steven Baker in the House Of Commons

Bitbargain.com

2016. Nov. 23. 16:58

Steven Baker in the House Of Commons Steven Baker in the House Of Commons:

Steve Baker making very good points about the sustainability of creating money from thin air. Let’s hope he’s not right and it will not take a huge disaster for things to change.

Crypto-currency and bitcoin referenced multiple times.

The real value of #bitcoin and #blockchain technology.

bitcoinful

2016. Nov. 04. 10:30

The real value of #bitcoin and #blockchain technology.

The real value of #bitcoin and #blockchain technology.

After Discovering the Power of the #Bitcoin #Blockchain

bitcoinful

2016. Nov. 03. 22:04

After Discovering the Power of the #Bitcoin #Blockchain

After Discovering the Power of the #Bitcoin #Blockchain

Bitcoin > 700

bitcoinful

2016. Oct. 29. 12:37

Bitcoin > 700

Bitcoin > 700

Beastminer is a scam

Bitbargain.com

2016. Oct. 28. 17:00

Beastminer is a scam

This is a post for the search engines and anyone googling, because I googled and didn’t find any warnings on this subject.

So just to be very explicit about this: beastminer is another scam page to spread malware. That is all. If after reading this post you still want to try if you can make 0.07 BTC per hour doing nothing but running a program, I wish you a joyful infection. You can also spam it and get BTC rewards you will never be able to withdraw.

Delayed withdrawals

Bitbargain.com

2016. Oct. 20. 01:49

Delayed withdrawals

Lately you may have noticed withdrawals being delayed by random more frequently. Not just on BitBargain but other marketplaces as well.

What is causing it?

To understand the problem better, here’s a couple of basics you need to know:

1) When you spend bitcoins from a source, *all* of it has to be spent. If you have 10 BTC and send someone 8 BTC, you’re really sending 8 BTC to them and 2 BTC back to yourself.

2) Transactions take time to confirm. When you send a transaction, it’s pending until it is included in a block in the blockchain. This happens on average every 10 minutes.

3) If the pending transactions take up more space than 1 MByte, not all of them make it into a block. Even if they don’t take up as much, the miner which finds the block could decide not to include any transactions in the block.

4) The ‘average 10 minutes per block’ is based on chance. It could be 3 blocks in 1 minute, or no blocks found for over an hour.

You can check the status of the bitcoin network, watch as blocks are found in realtime, see what size they are, how often a new one is found in realtime at:

https://blockchain.info/

Here is an example of the latest blocks:

#Bitcoin user in the #UK whose wallet shows value in GBP. 

bitcoinful

2016. Oct. 17. 19:51

#Bitcoin user in the #UK whose wallet shows value in GBP. 

#Bitcoin user in the #UK whose wallet shows value in GBP. 

Ho Chi Minh City, Vietnam. #Bitcoin via @kyletorpey

bitcoinful

2016. Oct. 17. 00:05

Ho Chi Minh City, Vietnam. #Bitcoin via @kyletorpey

Ho Chi Minh City, Vietnam. #Bitcoin via @kyletorpey

Bitsquare, decentralised #bitcoin exchange

bitcoinful

2016. Aug. 08. 12:27

Bitsquare, decentralised #bitcoin exchange

Bitsquare, decentralised #bitcoin exchange

120k BTC stolen from BitFinex

Bitbargain.com

2016. Aug. 03. 00:54

120k BTC stolen from BitFinex

BitFinex didn’t have cold storage but used BitGo for customer funds. They shut down after noticing a breach. So far, it looks like close to 120,000 bitcoins were stolen (47 million British Pounds at the current rate).

#Blockchain Google Trends

bitcoinful

2016. Jul. 28. 10:06

#Blockchain Google Trends

#Blockchain Google Trends

#Bitcoin Halving. 1000 blocks left… #halvinghype #bitcoinhalving...

bitcoinful

2016. Jul. 03. 14:46

#Bitcoin Halving. 1000 blocks left… #halvinghype #bitcoinhalving...

#Bitcoin Halving. 1000 blocks left… #halvinghype #bitcoinhalving #BTC $BTC $USDBTC $BTCUSD

On the Origins of #Money: Darwin and the Evolution of...

bitcoinful

2016. Jun. 20. 12:29

On the Origins of #Money: Darwin and the Evolution of...

On the Origins of #Money: Darwin and the Evolution of Cryptocurrency

Bitcoin’s price

Bitbargain.com

2016. Jun. 13. 22:27

Bitcoin’s price

Starting to look good…

Bitcoin’s price in dollars: bitcoin-price-dollars.com

#Bitcoin, the currency of #disruption.

bitcoinful

2016. Jun. 13. 16:47

#Bitcoin, the currency of #disruption.

#Bitcoin, the currency of #disruption.

Bitcoin is Dead

bitcoinful

2016. Jun. 12. 12:10

Bitcoin is Dead

Bitcoin is Dead

Google trends: ‘bitcoin halving’ going through the...

bitcoinful

2016. Jun. 08. 23:12

Google trends: ‘bitcoin halving’ going through the...

Google trends: ‘bitcoin halving’ going through the moon! #halvinghype

Ethereum fails at scam

Bitbargain.com

2016. Jun. 06. 16:32

Ethereum fails at scam

For the past few days, I’ve been actively staying in the #ethereum chatroom on Freenode, because a well known and long time scammer the community calls ‘Serbian Scammer’ has been active as well, trying to find victims for his scam.

The scam is very simple: offer to sell some ETH (maybe even post a few screenshots) and then tell anyone interested that they have to send their bitcoins first.

In these few days, me and a few other bitcoin-otc ops have tried to get #ethereum OPs to care about this sad situation, explain to them how to spot scammers but to no avail. The only time they ever cared was when their own nick was squatted on.

Today, after much drama in the main channel, finally the OP lifted a finger and banned the scammer, but still not for attempted scamming, just for wanting to trade. When I pointed out that the scammer was present with multiple nicknames (as user_234 as well as Tradres), a few minutes later I was banned from the room by the op ‘ZeroGox’.

Chatlog: http://btcfaucet.com/logs/serbian_scammer/zerogox_fail.txt

Needless to say, we are no longer planning to add Ethereum for trading on BitBargain. Let’s give some time for these guys to pull their shit together and provide a usable and safe wallet RPC and a community where a 24/7 scamming isn’t accepted.

For more funny chatlogs by the serbian scammer who is from now on allowed to take victims without any public warnings (as I will not be there to do it), see:

http://btcfaucet.com/logs/serbian_scammer/

On the up.

Bitbargain.com

2016. Jun. 04. 14:47

On the up.

On the up.

Available stats (though scarce) still suggest that Core...

bitcoinful

2016. May. 28. 11:29

Available stats (though scarce) still suggest that Core...

Available stats (though scarce) still suggest that Core represents the majority, and Classic represents a minority. #Bitcoin

Blockchain phishing in Google searches continues

Bitbargain.com

2016. May. 25. 08:25

Blockchain phishing in Google searches continues

I have made it my daily routine to do a Google search for “blockchain” and some other scam targets. Things do not seem to get better.

Here is today’s result.

DDoS blocked

Bitbargain.com

2016. May. 18. 05:58

DDoS blocked

Another denial of service attack has been blocked with a combination of Cloudflare rules and custom solutions.

A list of some of the IP addresses that took part in the DDoS attack (infected computers most likely):

199.85.237.196185.5.60.90188.106.230.174178.175.120.13183.28.162.10584.109.197.22175.142.173.2179.126.116.13984.109.216.197189.63.50.923.120.255.12115.42.123.162177.18.11.222105.158.154.23584.87.59.2200.102.66.184188.108.228.9586.191.27.78177.9.103.207201.6.230.175191.189.8.7279.167.129.14210.186.104.249177.237.9.239189.24.203.64179.217.55.134179.181.177.2391.32.74.156186.149.81.6361.211.214.244189.69.11.252124.6.181.52177.125.168.78197.32.161.178124.104.46.22945.216.210.123189.107.69.36189.1.61.142187.113.1.128112.203.226.97171.4.248.98123.136.106.75130.105.113.221191.33.92.18414.169.35.180179.96.183.4514.161.2.237180.190.91.241104.41.206.57113.165.166.16103.231.92.129121.40.225.241202.5.194.26179.186.159.36197.0.18.7484.61.57.61187.49.241.196180.191.138.145129.208.175.225202.90.134.62139.196.37.170187.113.124.203190.237.183.68177.16.254.80187.44.154.194143.137.73.48177.98.209.4460.49.75.2668.69.239.82193.252.200.125177.16.244.104177.125.175.1110.55.100.10549.149.30.2541.9.123.214117.3.0.109177.13.25.4160.50.111.12138.204.38.19177.39.206.222112.198.75.188187.112.228.72113.11.86.95118.101.255.70197.38.224.187117.3.102.8812.167.101.50156.204.171.196156.204.8.107176.190.147.24197.40.35.85201.29.2.146156.204.117.10197.40.175.221178.221.159.229171.249.41.7189.101.114.202191.241.33.146186.150.197.25327.75.211.44213.207.159.5991.146.149.6562.61.234.62122.53.137.173124.6.155.114188.108.11.90104.197.96.221146.148.45.35108.59.85.1071.32.72.59177.98.244.228197.38.200.169

Who Can Name the Bigger Number?

Bitbargain.com

2016. May. 12. 03:48

Who Can Name the Bigger Number? Who Can Name the Bigger Number?:

Highly off-topic, also a fascinating read.

Blockchain.info is the new phishing target. Both links reported...

Bitbargain.com

2016. May. 12. 00:33

Blockchain.info is the new phishing target. Both links reported...

Blockchain.info is the new phishing target. Both links reported to AdWords.

Monitoring bitcoin ads wasn’t part of my daily routine, but after what these scammers pulled yesterday, I’ll make it so and will report any phishing links immediately. Dear scammers: maybe targetting BitBargain wasn’t the best tactic in the long run?

Testing anti-phishing methods

Bitbargain.com

2016. May. 11. 05:21

Testing anti-phishing methods

Yesterday two users had bitcoins stolen from their accounts after they clicked AdWords advertisements, entered their passwords on a fake website and then went to the real site to complete a trade. The attackers logged in with the victims’ passwords, waited for the trades to end and withdrew the coins.

Unfortunately the buyers did not have two factor authentication set up.

We have seen all kinds of methods against phishing. They usually fall into one of the following two categories:

1) Some kind of warning displayed to the user. Think of the login seal on Yahoo, or the IP based login picture on Localbitcoins. Kind of worthless, isn’t it? Whoever doesn’t check that they’re on the right website and using a secure HTTPS connection will certainly not spot the difference in images (which change all the time anyway).

2) Second tier checks. Think of Google Authenticator, text message based 2FA or the so called Login Guard on Localbitcoins. These do work for the most part in preventing phishing attacks, the problem is that if you do not force it on users, most won’t enable them and the scammers will keep finding victims. If you do force it on them, it causes a great inconvenience. Think of late text messages, verification e-mails lost due to anti-spam measures and similar.

The real problem is the user giving out his or her password on a fake website. We will continue to refuse to force tedious security procedures on 99.999% of users because of the understandable, but avoidable mistakes done by the 0.0001%.

So do we just sit back and do nothing while Google misleads our users and sends them to phishing pages repeatedly? Of course not. Here is a list of things we do:

- We encourage our users from time to time to enable two factor authentication

- We come up with custom solutions on the fly during a specific attack and use heuristics with virtually zero false positives to prevent coins from being stolen. This has prevented over 20,000 GBP worth of coins from being stolen in the past.

- We contact the hosting provider & domain registry and do our best to get the domain names removed (we have been successful at suspending at dozens of phishing domains so far) - making it much more work and less cost-effective to defraud our users.

Since yesterday’s phishing attack, a new security feature has been introduced. It may be a bit more intrusive than the other measures taken, but false positives will be monitored.The short (and simplified) version: if a withdrawal is attempted from a different IP address than the one which started the recent trade, it is refused and an e-mail is sent to the buyer with the attempted withdrawal’s details.We hope that this feature will prevent loss of bitcoins for many buyers who give out their password on phishing sites without impacting regular use. The security feature will be disabled if it affects too many users (even two users affected per month is too many).

I’m not sure if this like was intentional or if they’re actually...

Bitbargain.com

2016. May. 11. 01:35

I’m not sure if this like was intentional or if they’re actually...

I’m not sure if this like was intentional or if they’re actually considering taking at least a bit of responsibility for sending users to a phishing page for the third time now. I would welcome the latter (and the two users affected would too, I’m sure). Most likely it’s just the AdWords robot liking all tweets that mention google.co.uk…

Edward Snowden: Whistleblowing Is Not Just Leaking — It’s an Act of Political Resistance

Bitbargain.com

2016. May. 06. 01:20

Edward Snowden: Whistleblowing Is Not Just Leaking — It’s an Act of Political Resistance Edward Snowden: Whistleblowing Is Not Just Leaking — It’s an Act of Political Resistance:

A very good piece.

DDoS ransom

Bitbargain.com

2016. May. 04. 11:03

DDoS ransom

Someone is trying to DDoS two competitor sites and BitBargain itself. With very little success.Here’s the text of the ransom email. Needless to say, we didn’t pay the last time, we are not paying now and will never pay anyone for causing a denial of service. Even if this caused a significant downtime (which it does not, whoever’s doing this is a newbie) we would be fine with it.

Protip: next time if you make claims of having access to customer database, don’t be so forgetful not to include a sample.

Satoshi or not

Bitbargain.com

2016. May. 02. 11:01

Satoshi or not

“Craig Wright revealed himself as Satoshi”

http://www.bbc.co.uk/news/technology-36168863

Gavin Andresen confirmed it:

http://gavinandresen.ninja/satoshi

Craig Wright’s post with a signature:

http://www.drcraigwright.net/jean-paul-sartre-signing-significance/

Claim that the digital signature was re-used from public sources and is not proof of Satoshi:

https://news.ycombinator.com/item?id=11609611

Reddit thread explaining why the proof provided is useless:

https://www.reddit.com/r/Bitcoin/comments/4hflr3/craig_wrights_signature_is_worthless/

* Provide second-hand proof

* Make a promise never to have to answer to any claims or disputes

* Troll level 100%

Video

Bitbargain.com

2016. Apr. 25. 00:51

Video

World’s First Peer-to-Peer, #Blockchain Energy Transaction

bitcoinful

2016. Apr. 24. 13:44

World’s First Peer-to-Peer, #Blockchain Energy Transaction

World’s First Peer-to-Peer, #Blockchain Energy Transaction

MIT ChainAnchor - Bribing Miners to Regulate Bitcoin

Bitbargain.com

2016. Apr. 21. 17:18

MIT ChainAnchor - Bribing Miners to Regulate Bitcoin MIT ChainAnchor - Bribing Miners to Regulate Bitcoin:

Be aware.

If ChainAnchor is fully successful to use Bitcoin at all you would be required to first register your real world identity. Your transactions would be linked to that identity in a way that that a court order, or even a hacker, could uncover full details on every Bitcoin transaction you make - your entire financial history, and for that matter, the full financial history of all Bitcoin users.

Looting of the Fox: The Story of Sabotage at ShapeShift

Bitbargain.com

2016. Apr. 20. 17:04

Looting of the Fox: The Story of Sabotage at ShapeShift Looting of the Fox: The Story of Sabotage at ShapeShift

Why the #Bitcoin #Blockchain Is the Biggest Thing Since the...

bitcoinful

2016. Apr. 19. 17:48

Why the #Bitcoin #Blockchain Is the Biggest Thing Since the...

Why the #Bitcoin #Blockchain Is the Biggest Thing Since the #Internet - @nasdaq.com

Understand the #Blockchain in 2 Minutes

bitcoinful

2016. Apr. 19. 16:50

Understand the #Blockchain in 2 Minutes

Understand the #Blockchain in 2 Minutes

You gotta admit, they are both pretty similar. Chart one ends...

bitcoinful

2016. Apr. 17. 21:58

You gotta admit, they are both pretty similar. Chart one ends...

You gotta admit, they are both pretty similar. Chart one ends right before the super bubble of 2013. #bitcoin #bitcointrading

Q&A with @OpenBazaar’s @BrianHoffman. via...

bitcoinful

2016. Apr. 10. 13:30

Q&A with @OpenBazaar’s @BrianHoffman. via...

Q&A with @OpenBazaar’s @BrianHoffman. via @thedailydecrypt

Bitcoin startups just had their second best fundraising quarter...

bitcoinful

2016. Apr. 06. 23:31

Bitcoin startups just had their second best fundraising quarter...

Bitcoin startups just had their second best fundraising quarter in years. 

(via @Mattermark)

OPEN BAZAAR: The biggest #OpenSource competitor of eBay, Amazon,...

bitcoinful

2016. Apr. 05. 09:54

OPEN BAZAAR: The biggest #OpenSource competitor of eBay, Amazon,...

OPEN BAZAAR: The biggest #OpenSource competitor of eBay, Amazon, and Alibaba!

(via OpenBazaar is Open for Business)

Wallet halted temporarily

Bitbargain.com

2016. Apr. 03. 23:36

Wallet halted temporarily

After an upgrade to the latest version of bitcoind, the wallet suddenly has a book keeping problem. It’s not the first time Bitcoin Core fails at balances (this happened during the first malleability issue). Right now it’s claiming the balance is “-120? instead of “120?. No need to worry of course, we have the full wallet and the unspent coins are there, but the software is buggy.

We’re currently looking for a workaround, in the worst case we will re-build the whole wallet manually, from scratch, and then resync the blockchain. That would take a long time, so we are rather focusing on a quick solution. For now.

(ps. before I even started working on this, I manually sent coins for all pending withdrawals from my personal Trezor - there shouldn’t be any pending outgoing transactions)

Thanks for your patience, more updates will be posted.

Estimate: right now it’s hard to know, because it depends on which idea works, and how long they take to implement. If none of them do, we might be looking at 24 hours at least.

The current plan is:

1) Try -rescan. This is where we’re at (unless I’m busy working on the issue and haven’t updated the blog entry yet).

2) Try -upgradewallet (and then -rescan maybe).

3) Give up, rebuild the whole wallet from scratch, making sure all deposit and archived addresses are included, while old change addresses are thrown out.

(1) It worked!!!

Now if only we can get rid of this ‘transaction not final’ problem. Light at the end of the tunnel.

Noone seems to know whether it’s possible to tell bitcoind not to send RBF-able transactions, Google didn’t help either other than to say this is normal, and transactions will be recognised by blockchain.info after one confirmation. Trading has been re-enabled.

Update on the nLockTime / RBF issue (a non-issue, unless you’re looking at blockchain.info to try to view a 0-confirmation transaction):

[01:02] <Luke-Jr> BB-Martino: nLockTime did not change in 0.12.x that I recall[01:02] * Luke-Jr checks[01:03] <BB-Martino> Luke-Jr: I’m just stating the facts. I upgraded from 0.11.x to 0.12. Since the upgrade, transactions are claimed to be ‘rejected’ by bc.info. So clearly it changed somewhere in between.[01:04] <Luke-Jr> I’m wrong[01:04] <Luke-Jr> <0.12 did current minus 10 blocks[01:04] <Luke-Jr> 0.12 does current[01:04] <BB-Martino> any way to configure it?[01:04] <Luke-Jr> no, but you can hack src/wallet/wallet.cpp[01:04] <BB-Martino> ummm… thanks.[01:04] <Luke-Jr> find txNew.nLockTime = chainActive.Height(); and change it to txNew.nLockTime = chainActive.Height() - 10;[01:05] <BB-Martino> Thanks.[01:05] <bounce> that’s computer hacking. a felony.

Introducing @OpenBazaar - a Free #Decentralized #Bitcoin...

bitcoinful

2016. Mar. 30. 11:53

Introducing @OpenBazaar - a Free #Decentralized #Bitcoin...

Introducing @OpenBazaar - a Free #Decentralized #Bitcoin Marketplace

Microsoft Office365 #Bitcoin Currency Format Support $MSFT 

bitcoinful

2016. Mar. 29. 20:42

Microsoft Office365 #Bitcoin Currency Format Support $MSFT 

Microsoft Office365 #Bitcoin Currency Format Support $MSFT 

Xmas came early this year

Bitbargain.com

2016. Mar. 21. 16:23

Xmas came early this year

Some of you may remember Christmas of 2012: a whole bunch of random people got between 10-5000 BTC just for posting their address in a chatroom. I got 100 BTC myself.

Something similar is happening right now on #bitcoin-otc (though with lower amounts). When did you last see something like this in real life? :)

[16:01] –> wantyougone (~wantyougo@unaffiliated/wantyougone) has joined this channel.[16:02] <wantyougone> I am giving away bitcoin. Post your address.

[16:02] <– joecool_ (~joecool@no-sources/joecool) has left this server (Ping timeout: 260 seconds).[16:03] <hewitt> zveda: That I’m not so sure.  it’s probably the separate facility for handling young offenders[16:04] <abracadabra> 1234565789012345657890123456578901234[16:04] <abracadabra> :D[16:04] –> joecool|mobile (~joecool@no-sources/joecool) has joined this channel.[16:05] * abracadabra waits[16:05] <hewitt> wantyougone: why don’t you send it to wikileak or Jeff Garzik?  we need a few bitcoin satellite in LEO[16:05] <wantyougone> hewitt, why not post their addresses.[16:05] <wantyougone> I’m sending bitcoins to addresses posted here.[16:06] <hewitt> 1M9MyyPsAak7zRjW4D96pTxDaAEpDDZLR7[16:06] <hewitt> go google it[16:06] <abracadabra> 1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36v[16:06] <abracadabra> think that’s wikileaks[16:06] <wantyougone> 1 BTC sent to 1M9MyyPsAak7zRjW4D96pTxDaAEpDDZLR7[16:06] <wantyougone> https://blockchain.info/tx/31d9cabef338facc88e125c376cba11a687e7614d288cf091eacdb966e29cb98[16:07] <wantyougone> 1 BTC sent to 1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36v[16:07] <tedyx> wow. 1tedyQ99hBSTmbHqTVJXcpLek7aFmKNiZ[16:07] <wantyougone> https://blockchain.info/tx/d07a58f4b9e0f54cea563a1836a84e4048d680510fa15ff69956975d5ee58e93[16:07] <wantyougone> 0.25 BTC sent to 1tedyQ99hBSTmbHqTVJXcpLek7aFmKNiZ[16:07] <wantyougone> https://blockchain.info/tx/1d2ec1e0f62aef245fe19fe8e089d6676fef9d89a29ac937f12edba644f4ac73[16:09] <tedyx> Thank you[16:09] <wantyougone> you’re welcome[16:09] <BigBitz> ;;ident[16:10] <teward> ;;gpg eauth TheLordOfTime[16:10] <BigBitz> Hah, what’s this?[16:10] <teward> ;;gpg everify freenode:#bitcoin-otc:112fbe2c94687fad89b88ee7af3aececfd1566dda03d2393853a6c3b[16:10] <gribble> You are now authenticated for user TheLordOfTime with key 406253859C1129B6[16:10] <teward> ;;voiceme[16:10] *** gribble gives teward permission to talk.[16:10] * teward kicks the bot[16:10] <abracadabra> lol[16:10] <abracadabra> gl to anyone that thinks they are getting some btc[16:10] <teward> i just wanted auth :)[16:10] <BigBitz> 1BigBitzyouKT2eVYvHbRUNMkCp9bvAvSu[16:10] * teward yawns[16:10] <abracadabra> https://blockchain.info/address/16FBRSKTqZaj38LxehJcQC9UUEHa9cPKeK[16:10] <BigBitz> wantyougone - go for it 1BigBitzyouKT2eVYvHbRUNMkCp9bvAvSu :)[16:10] <wantyougone> they will confirm[16:10] <wantyougone> 0.25 BTC sent to 1BigBitzyouKT2eVYvHbRUNMkCp9bvAvSu[16:11] <abracadabra> right[16:11] <BigBitz> lol[16:11] <abracadabra> i’d bet they don’t[16:11] <wantyougone> https://blockchain.info/tx/8b92c99669bee31775f1424a23fc054923ce8ef30411a113ecc7d55a90a2cf13[16:11] <abracadabra> ;)[16:11] <wantyougone> abracadabra, we can wait for the next block.[16:11] <BigBitz> everyone else gets 1BTC and I got 0.25?[16:11] <BigBitz> What gives? :([16:11] <wantyougone> abracadabra, here you go[16:11] * teward yawns[16:11] <abracadabra> absolutely nothing has confirmed out of that address[16:11] <teward> 1DdodXJjmhnhCkzkKkSAcKDdg7mRfLToen[16:12] <wantyougone> abracadabra, check again.[16:12] <teward> because that ain’t my address ;)[16:12] <teward> well it was[16:12] <teward> until Electrum fubar’d[16:12] <tedyx> Mine is already confirmed[16:12] <Xandrah> 1M5amwSB1LLdwZpckzGwkZEE43tHktjDne[16:12] <Xandrah> worth a shot xD[16:12] <wantyougone> 0.25 BTC sent to 1DdodXJjmhnhCkzkKkSAcKDdg7mRfLToen[16:12] <BigBitz> 1BigBitzyouKT2eVYvHbRUNMkCp9bvAvSu fill it up, wantyougone. *rolls eyes* :)[16:12] <wantyougone> https://blockchain.info/tx/1bf7856751a2d4b82f99f96b3890577c0c3e2afec2c8e6d0894a3821437fc038[16:12] <GlooBoy> free monies? - 16HXFDoNLSZwV4mbLQFvHGALQkcFnJtb4Q[16:13] <wantyougone> 0.25 BTC sent to 1M5amwSB1LLdwZpckzGwkZEE43tHktjDne[16:13] <wantyougone> https://blockchain.info/tx/8a82672127727c133c282f0e6281f375159beab930337e2f9d65c882355bcfe1[16:13] –> CheckDavid (uid14990@gateway/web/irccloud.com/x-ltesulintsmmkqyu) has joined this channel.[16:13] <Xandrah> wow thanks![16:13] <wantyougone> 0.25 BTC sent to 16HXFDoNLSZwV4mbLQFvHGALQkcFnJtb4Q[16:13] <wantyougone> https://blockchain.info/tx/4aeaa96f1d183807c1e6637ce705ddd51e2091b5425cebc3ad61cd8cb468ab21[16:13] <GlooBoy> im not even awake yet - this might be a dream[16:13] * teward updated his key[16:13] <teward> 1FALHwgVCgkcx3XTSKzAoNQJohf3RQ73qr if you want[16:13] * teward tests[16:13] <Xandrah> How come your giving away btc :o[16:13] <wantyougone> teward, I sent you 0.25 BTC already.[16:14] * abracadabra waits for 10 confirms before he even considers taking aback what he said[16:14] <BigBitz> 1BTjvPjzBKqnVavQxF2y6HNZp1F7EufWto[16:14] <teward> wantyougone: you missed my statements heh[16:14] <teward> wantyougone: ah, found that key finally[16:14] <GlooBoy> of course its just a test - pure research    ;p[16:14] <teward> thank god for COMPLETE system backups[16:14] –> aegis (~aegis@unaffiliated/aegis) has joined this channel.[16:15] <– zivester (~zivester@pool-74-102-230-197.nwrknj.fios.verizon.net) has left this server (Ping timeout: 260 seconds).[16:16] –> Xelph (~Xelpherpo@host217-35-130-42.in-addr.btopenworld.com) has joined this channel.[16:16] –> DougieBot5000 (~DougieBot@unaffiliated/dougiebot5000) has joined this channel.[16:16] <Xelph> 14RU5Dum2fJTfq2gbkGUi6cazhR9NhmqZS[16:17] <Xelph> I wonder..[16:17] <wantyougone> Xelph, you joined after I started the giveaway. Sorry.[16:17] <Anduck> 1DDLPhS95YtQUqkAUKg51FLbaj8cRk8jxR  is also open for donations[16:17] <Anduck> heh[16:17] <tweeeaks> test cough 199vDFUX2cBk9PiMPrFM5kvR7PS1L39cyk[16:17] <BigBitz> Xelph how did you join and post an address? lol.[16:17] <Xelph> I did xD[16:17] <wantyougone> 0.25 BTC sent to 1DDLPhS95YtQUqkAUKg51FLbaj8cRk8jxR[16:17] <Xelph> Friend told me some free btc was going on xD[16:17] <Xelph> Guess I get non aww[16:17] <Anduck> wantyougone: thank you[16:17] <wantyougone> https://blockchain.info/tx/7c281885bfd33d197cc39429c32f96ba6cb18295679aeba91e80d33bac691df0[16:17] <GlooBoy> ;;botsnack[16:17] –> Apple_ (~apple@2a02:2c40:400:0:c1d3:f4ee:b344:9d81) has joined this channel.[16:17] <BigBitz> wantyougone: 1BTjvPjzBKqnVavQxF2y6HNZp1F7EufWto is open still :)[16:17] <wantyougone> 0.25 BTC sent to 199vDFUX2cBk9PiMPrFM5kvR7PS1L39cyk[16:17] <Xelph> Worth a try though xD[16:17] <GlooBoy>  <gribble> Forget the snack, just send me some bitcoins to 1AeUEtTP1kkHQ5sxDGyMroGc8Yrk4pdFGi :)[16:18] <wantyougone> https://blockchain.info/tx/185619a8cb5cd01003df666ccc9313b7ec7b25fc206dc1e08bde9e08f5ac0c1a[16:18] <Smipp> 1SmippanX3TDKVoAe7kjmkuELn2cb5d6N[16:18] *** Apple_ is now known as Guest90132.[16:18] <tedyx> Xelph is someone already claimed the free btc, and is now rejoined with another nickname, lol[16:18] <BigBitz> tedyx yup - looks like it lol[16:18] <Xelph> no im not D:[16:18] <wantyougone> 0.25 BTC sent to 1SmippanX3TDKVoAe7kjmkuELn2cb5d6N[16:18] <rithm> joecool ping[16:18] <wantyougone> https://blockchain.info/tx/137ad0dc382c0244c3ee3246e7ac6e448152707f8a94c55f309cf381d3239704[16:18] <BigBitz> Oh God damnit.[16:19] <BigBitz> the email I use with 1BigBitz is ‘locked’ and I have to pay to unlock it – God damnit LOL[16:19] <Xandrah> I still dont get why free coins are going out![16:19] <rithm> free coins for me![16:19] <rithm> memememememe[16:19] <Xandrah> But thanks! <3[16:19] <Phoebus> cough test 1DedCnx6kpEy8h4gxntpjkCvWAeasWA6UE :D[16:19] <BB-Martino> Am I late to the party? 13jP6moiCyQonV1ngVGnJbf8jmXgDQEvuX[16:19] <tweeeaks> test2 cough 14hbrqaC6CchF4UaMSVyaqC9ikyzSM6hem[16:19] <Xandrah> test3 cough 1MNoeHuhhAk9mCoxYpBEZ5LkrrR93tSKvH[16:19] <wantyougone> 0.25 BTC sent to 1DedCnx6kpEy8h4gxntpjkCvWAeasWA6UE[16:19] <rithm> 17wdYLzS4tX7zrk8r9j5pHSGk24YNy5R7x[16:19] <GlooBoy> ;;botsnack[16:19] <gribble> Forget the snack, just send me some bitcoins to 1AeUEtTP1kkHQ5sxDGyMroGc8Yrk4pdFGi :)[16:19] <wantyougone> https://blockchain.info/tx/61814e5c21f2507e37e05ffb05a6c0a365a28ef41173362ca7f3e67c9697c04b[16:20] <Phoebus> That was fast, cheers wantyougone :D[16:20] * BB-Martino bites nails[16:20] <rithm> test 17wdYLzS4tX7zrk8r9j5pHSGk24YNy5R7x test[16:20] <wantyougone> 0.25 BTC sent to 13jP6moiCyQonV1ngVGnJbf8jmXgDQEvuX[16:20] <wantyougone> https://blockchain.info/tx/19c26a779451f42abc77aa4c0327cbd9214980c9a045109fb0eb919e5ff5ce52[16:20] <BB-Martino> cheers :)[16:20] <Phoebus> BigBitz, is it xmas again? :P[16:21] <wantyougone> 0.25 BTC sent to 17wdYLzS4tX7zrk8r9j5pHSGk24YNy5R7x[16:21] <BB-Martino> i got 100 btc from the other bitcoin santa, but 0.25 is appreciated still[16:21] <Xandrah> Its the best xmas gift! :D[16:21] * rithm thinks wantyougone is writing all of this off on his taxes[16:21] <wantyougone> https://blockchain.info/tx/3b4ebc87d941afdfa526da300351f1cb5b675687eb868227960a171caecc30b4

It Shouldn't Matter Who the President Is | Jeffrey Tucker

Bitbargain.com

2016. Mar. 20. 17:22

It Shouldn't Matter Who the President Is  | Jeffrey Tucker It Shouldn't Matter Who the President Is | Jeffrey Tucker

Weekly #Bitcoin & #Blockchain Statistics

bitcoinful

2016. Mar. 17. 09:51

Weekly #Bitcoin & #Blockchain Statistics

Weekly #Bitcoin & #Blockchain Statistics

Teamviewer money mules

Bitbargain.com

2016. Mar. 03. 21:43

Teamviewer money mules

For some time now, Localbitcoins has suffered from the so called ‘Teamviewer scam’ where someone buys bitcoins on behalf of someone else, even handing over access to their computer and bank account, and then they claim the payment was fraudulent.

There are two ways the scammers get their victims to cooperate:

1) Sometimes they hack a Facebook account or buy it for money. Then they send messages to friends to ‘help with something’.

2) Other times they advertise their ‘job offer’ on social media, offering thousands of pounds for just 30 minutes work.

The first one takes a very gullible person breaking banking regulations on keeping their account safe, in the second case the victim is also an accomplice to fraud. They still claim to be victims, but it’s easy to show that they are not.

We have just been hit by the first of these Teamviewer scammers ourselves.

On the 29th of February, a woman created an account and verified it with her ID and selfie. Not much later she bought 2 x 2,000 GBP worth of bitcoins. The money is now held for a fraud investigation and she claims she was “hacked”.

To any future money mule wannabes, we would like to bring to your attention the following articles.

http://www.dailymail.co.uk/news/article-3382212/Facebook-fraud-gangs-turn-gullible-middle-class-teenagers-criminal-money-mules-persuading-launder-cash-accounts.html

“The youngsters are being promised the chance to make up to £12,000 in just half an hour via the social networking site.”

http://www.key103.co.uk/localnews/fraud-clampdown-on-manchesters-money-mules/

“These underhand tactics will not be tolerated. The illegal funds finance more serious and violent crime which can destroy communities.

“We urge people who are approached to consider their actions before taking part in such a deal. There’s no such thing as easy money, and a criminal record is the only thing you’ll gain from it.“

https://www.cityoflondon.police.uk/advice-and-support/fraud-and-economic-crime/fraudsquads/fraudsquad-News/Pages/Jail-for-money-mules-.aspx

Sentences:Kelvin OKUSANYA: 6 yearsOluwamuyiwa FASORANTI: 3 yearsSophia PUSEY-CARROLL: 21 monthsMonika SOLARZ: 18 monthsOmotola WELLINGTON: 2 years, suspended for 2 yearsMichelle DEOLA: 100 hour community orderMaureen AKO: 15 months, suspended for 2 years plus 200 hours unpaid workClement BANKOLE: 40 hour community orderKerone Clayton: 40 hour community order

We are in the process of adding Skype verification (which similar to card verification will be something you can do with sellers directly). It will be as simple as reading a statement on camera and sending it as a Skype message to either the site or the seller. This verification will only be needed for newly verified accounts trying to buy large amounts and will be at the seller’s discretion.

Price of bitcoin in USD and EUR

Bitbargain.com

2016. Mar. 01. 06:25

Price of bitcoin in USD and EUR

Here are two new sites that look great on desktop as well as mobile to check on the price quickly.

Bitcoin Price Dollars.com

Bitcoin Price (EU)

Bitcoin billboard | Silicon Valley

Bitbargain.com

2016. Feb. 25. 18:01

Bitcoin billboard | Silicon Valley

Just an important public announcement and reminder for the drivers.

https://news.bitcoin.com/check-bitcoins-silicon-valley-billboard/

Super Bitcoin Bros

bitcoinful

2016. Feb. 23. 12:13

Super Bitcoin Bros Super Bitcoin Bros

EU commission to crack down on Bitcoin

bitcoinful

2016. Feb. 10. 16:41

EU commission to crack down on Bitcoin

EU commission to crack down on Bitcoin

Loanbase hack

Bitbargain.com

2016. Feb. 07. 11:59

Loanbase hack

Loanbase.com (formally known as BitLendingClub.com) got hacked.

The hackers gained access to the database.

The blog engine should have been separated from the rest of the site. A Wordpress compromise should not have lead to any sensitive information getting out.

https://m.facebook.com/story.php?story_fbid=583222315178578&id=187169974783816&refid=17&_ft_=top_level_post_id.583222315178578%3Atl_objid.583222315178578&__tn__=%2As

I’m not sure what the original poster did or where, but thanks...

Bitbargain.com

2016. Feb. 04. 13:10

I’m not sure what the original poster did or where, but thanks...

I’m not sure what the original poster did or where, but thanks for the tweet :)

https://bitbargain.co.uk/buy (buy bitcoins online)

Photo

Bitbargain.com

2016. Jan. 21. 00:23

Photo

Government urged to use Bitcoin-style digital ledgers - BBC News

bitcoinful

2016. Jan. 19. 13:35

Government urged to use Bitcoin-style digital ledgers - BBC News Government urged to use Bitcoin-style digital ledgers - BBC News: UK’s chief scientific advisor...

Block Size Debate

Bitcoin Insider

2016. Jan. 19. 11:10

Block Size Debate

The Bitcoin community is in a deep crisis – there are basically two sides with fundamentally opposing views on how to move forward. The whole discussion has become toxic with personal attacks, conspiracy theories, computer hacking and even death threats against Bitcoin developers. Altcoins are suffering as well. Some very annoying proponents of “Ethereum” have started spamming inboxes of reddit users.

Is Bitcoin heading up again?

Bitcoin Insider

2016. Jan. 19. 10:59

Is Bitcoin heading up again? Chart: Bitfinex

Roger Ver  “I like Mike… but he is wrong” on Mike...

bitcoinful

2016. Jan. 18. 15:32

Roger Ver  “I like Mike… but he is wrong” on Mike...

Roger Ver  “I like Mike… but he is wrong” on Mike Hearn’s “Bitcoin is dead”

Bitcoin up slightly after massive sell-off

Bitcoin Insider

2016. Jan. 18. 12:00

Bitcoin up slightly after massive sell-off

Chart: Bitfinex

Is Bitcoin Capital A Good Idea?

Bitcoin Insider

2016. Jan. 17. 20:40

Is Bitcoin Capital A Good Idea?

Bitcoin Capital is a fund (registered in Hong Kong and the Cayman Islands) that invests in Bitcoin companies, Bitcoin mining and Bitcoin itself and pays dividends in Bitcoin.

Target GroupIt’s only available to “qualified investors”, but for big investors (net worth >$50m) it’s too small. Their fund is not even close to $10 million in total value.DiversityEvery investor is willing to take risks, but this fund is not only fully exposed to the risks of the cryptocurrency economy it’s also paying dividends in cryptocurrency. Management

Both Keiser and Dixon have been involved in Bitcoin for a long-time, but they are both slow on catching up with the community on recent events. If you have ever watched Keiser’s TV show you already know what kind of person he is: fearmongering about “the collapse of the U.S. dollar”, talking to struggling entrepreneurs and conspiracy theorists. Conclusion

This might be the worst investment vehicle in the history of Bitcoin.

This post contains 0.05 BTC. Just brainwallet the last sentence...

Bitbargain.com

2016. Jan. 17. 14:52

This post contains 0.05 BTC. Just brainwallet the last sentence...

This post contains 0.05 BTC. Just brainwallet the last sentence to get it.

https://blockchain.info/address/1J6rJqpW6aBL9E5nSNx3yT8echgWFfSSbd

In the UK? Buy coins on BitBargain.co.uk.

Update (a few days after posting this): So many likes! And yet, noone has actually taken the 0.05 BTC for themselves yet.

Former ATM Maker Robocoin Ends Bitcoin Services

Bitcoin Insider

2016. Jan. 16. 03:00

Former ATM Maker Robocoin Ends Bitcoin Services

Romit, the remittance service that began as bitcoin ATM developer Robocoin, has said that it is shutting down its bitcoin services.

The company told customers today that it was suspending its bitcoin-related services and encouraged customers to begin withdrawing their funds. Romit, which offers a wallet service aimed at global remittance payments, plans to formally end its bitcoin services on 15th February, according to text messages sent to users.Source: CoinDesk

Cryptsy Threatens Bankruptcy, Claims Millions Lost in Bitcoin Heist

Bitcoin Insider

2016. Jan. 16. 02:07

Cryptsy Threatens Bankruptcy, Claims Millions Lost in Bitcoin Heist

Embattled digital currency exchange Cryptsy is now claiming that it is insolvent.

The exchange alleges in a newly released blog post that it was the target of a hack in July 2014, an incident that it said cost it approximately 13,000 BTC ($7.5m at the time) and approximately 300,000 LTC (then $2.08m).

Unless the funds are recovered or a buyer is able to cover the losses, the post continued, the site will be shut down and bankruptcy declared.

The acknowledgement of insolvency and the hack claims come after months of customer withdrawal delays, comparisons to the now-defunct Japanese bitcoin exchange Mt Gox, and the filing of a class action lawsuit against the exchange.

Cryptsy said that it has outstanding liabilities of approximately 10,000 BTC, or roughly $4.15m at press time. The site, which previously said that it would suspend trading and withdrawals indefinitely, has been taken offline as of press time.Source: CoinDesk

Senior bitcoin developer says currency 'failed experiment'

Bitcoin Insider

2016. Jan. 16. 01:59

Senior bitcoin developer says currency 'failed experiment'

One Of The Best Bitcoin Developers Says The Bitcoin Project Has Failed

Bitcoin Insider

2016. Jan. 15. 23:53

One Of The Best Bitcoin Developers Says The Bitcoin Project Has Failed

Mike Hearn, a British computer programmer, holed up in his two-bedroom apartment in Zurich over several days and nights last week, writing a cri de coeur.

Two years ago, Mr. Hearn quit a cushy programming job at Google’s Swiss headquarters to devote himself full time to what was his great passion: the virtual currency Bitcoin. He was one of a handful of developers around the world dedicated to maintaining the basic software that governs both the creation of new Bitcoins and the network on which the financial transactions take place.

But a nasty fight has torn apart the small brotherhood of Bitcoin developers and raised questions about the survival of the virtual currency. Mr. Hearn, until recently one of the most prominent leaders of the Bitcoin project, became so disillusioned that in December he sold the few hundred Bitcoins he had left and quietly took a job at a new start-up.

The impassioned blog post he was working on last week was an announcement that he was leaving Bitcoin behind entirely: “Bitcoin has gone from being a transparent and open community to one that is dominated by rampant censorship and attacks on bitcoiners by other bitcoiners.”

The dispute — which grew out of a question about the number of transactions the Bitcoin network can handle — may sound like something of interest only to the most die-hard techies. But it has exposed fundamental differences about the basic aims of the Bitcoin project, and how online communities should be governed. The two camps have broadly painted each other as, on one side, populists who are focused on expanding Bitcoin’s commercial potential and, on the other side, elitists who are more concerned with protecting its status as a radical challenger to existing currencies.Source: NY Times

Cryptsy was hacked

Bitbargain.com

2016. Jan. 15. 11:17

Cryptsy was hacked

As it turns out, the people who were called ‘trolls’ and accused of spreading FUD (myself included) were correct in the assumption that Cryptsy may have been insolvent or suffered a hack that lead to withdrawal processing problems.

http://blog.cryptsy.com/post/137323646202/announcement

We learn from this blog entry that:

- Cryptsy were running altcoins under the same account as Bitcoin. Either that, or they had an old kernel and lack of protections in place to prevent a root exploit.

- Much like Mt.Gox, Cryptsy do not know what a safe/cold wallet means. They claim that a hot wallet compromise (which should have been confined to the type of coin, not other coins on the same server) somehow lead to the attackers being able to steal 13k BTC and 300k LTC from the cold wallets. Clearly there is a missing piece in the story.

- The hack happened over 1.5 years ago.

- Even though Cryptsy had known about the hack for long, they didn’t report it to police because they just “didn’t know what happened” (other than you know, someone stealing a lot of money from them, which is clearly too little information, so they figured continuing business as usual was the right call).

- Cryptsy continuously kept this information hidden on purpose. They accepted deposits from users and deliberately didn’t post any warnings on the front page about possible withdrawal problems.

- CoinFire is blamed for posting an article about the withdrawal problems and the suspicious communication (or lack of it). Apparently the bank run is their fault.

- They have finally realized that they can no longer keep up the charade, so now they turned to the general public to *now* ask them what to do (file bankruptcy, get someone to buy the company, or wait for the hacker to feel bad about taking all those coins and return it).

PayPal appoints Xapo CEO, Wences Casares, on its board

bitcoinful

2016. Jan. 15. 10:17

PayPal appoints Xapo CEO, Wences Casares, on its board

PayPal appoints Xapo CEO, Wences Casares, on its board

IT solutions provider for the travel industry, Ypsilon Net...

bitcoinful

2016. Jan. 14. 19:04

IT solutions provider for the travel industry, Ypsilon Net...

IT solutions provider for the travel industry, Ypsilon Net announced that is integrating BitPay payment to its platform.

The Frankfurt-based company offers its solutions to more than 80.000 travel websites.

“As a leading IT company in an industry that is particularly hard hit by credit card fraud, we are always looking for new solutions for payment processing,” said the company’s Director of Sales and Marketing Patrick Görtz.

The general manager of BitPay Europe said in an announcement “ We are very pleased to be working with Ypsilon.Net because it is now possible for us to expand Bitcoin payments into tourism through one of the most innovative platforms”