Wednesday, 24 July 2013 19:10

Bitcoin fraud at Bitcoin Savings and Trust


A certain Trendon Shavers, founder and head of the company Bitcoin Savings and Trust, finished under indictment and the threat of blockade of the entire property because the spinning pyramid scheme he did with Bitcoin.

Tuesday, 02 July 2013 21:24

Bitcoin exchange by Winklevoss brothers


Until now Tyler and Cameron Winklevoss were most famous because they sued Zuckerberg for $140 million (reportedly stolen their Facebook social network ConnectU), and to others by their claim that they are owners of 1% of all the total number of Bitcoin.

Wednesday, 15 May 2013 19:52

Troubles in Bitcoin paradise


According to Ars Technica, the U.S. Homeland Security closed a key account for mobile payment associated with Bitcoin Stock Exchange Mt. Gox. This is the account Dwolla owned by Mutum Sigillum (Mt. Gox property) from which resources are paid to the account of Mt. Goxa which is the largest Bitcoin exchange on the Internet. For those who do not know, Dwolla was the easiest way of buying Bitcoin as other services for online payment, such as PayPal, for example, do not give the option to purchase Bitcoin.


U.S. startup CoinLab filed a lawsuit against the Japanese Mt. Gox, the largest Internet Exchange of Bitcoin in the world, for allegedly violating mutual agreement. Seeking damages of 75 million real, not virtual dollars for the suffered damage.


How would you feel if one day you noticed that your GPU was going crazy even when your computer was sitting idle? We imagine that you would start scanning your system for viruses after an initial reboot. Now on top of that imagine how you would feel if your anti-malware scans started pointing fingers at the client software of an online service you typically trust. This is exactly what members of competitive e-sports group ESEA E-Sports Entertainment Association found after a recent update to their client software.


Scientists at Southern Methodist University in Dallas and those from Carnegie Mellon University conducted a study on Bitcoin transactions and came up with devastating results. According to their data, 45% of these transactions end up as a fail, often taking with them the money from the users, and those who survive the transaction are also those who have the most traffic, and are most exposed to attack.

Monday, 29 April 2013 20:04

BitCoin Tax in Canada

It seems that these days everyone is involved in trade or mining of the Bitcoin, and it did not go unnoticed at the Canadian tax authorities (CRA/ARC - Canada


Revenue Agency/Agence du Revenu du Canada) who have decided to start charging sales tax on the transactions with this currency. According to the CBC's website, the tax will be applied based on a two separate rules depending on whether Bitcoin is used as real money to buy things, or whether it is only used for speculative investment.