Exclusive: Possible $500,000 Bitcoin Cloud Mining Ponzi Scheme Uncovered

Roughly nine months ago, Bitcoin Foundation Chief Scientist Gavin Andresen made a rather interesting comment on Reddit in which he claimed, “I suspect many [cloud mining companies] will turn out to be Ponzi schemes.” There have been a few cloud mining scams uncovered over the past year or two, and it appears that another one […]

Get Your Security Deposit Back With Bitcoin

In most jurisdictions, security deposits are intended to provide landlords with a financial guaranty against nonpayment of rent or excess damage to a rental property during tenancy. In the past the primary way to provide this guarantee has been for the tenant to deposit funds, in trust, with the landlord. The landlord takes custody, but […]

LifeLock Sues Xapo Executives Over Bitcoin Wallet Intellectual Property

Bitcoin bank and payment processor Xapo faces uncertain waters as much of the company’s executive team is being sued for contract violations. The misgivings center on the last months that Xapo co-founder and CEO Wences Casares, along with other Xapo employees, worked for the mobile wallet Lemon. In December 2013, the $1.5 billion online security […]

Bitcoin Price Erratic; Here are our Weekend Targets

Earlier on this morning we published our twice-daily bitcoin price watch analysis piece. In the piece, we highlighted the levels that we would be keeping an eye on in the bitcoin price throughout the Friday European session, and suggested a couple of potential targets and stop losses for the day’s action. Now we have seen the bitcoin […]

Lawsuit Against Xapo’s Founder Could Prove to be Fatal For the Bitcoin company

According to Fortune, identity theft protection company LifeLock has filed a lawsuit against the Zurich-based Bitcoin cold storage vault provider Xapo’s founder Wences Casares and four other employees. In its complaint, LifeLock is asking the court to coerce the founder and others to expel “the value of the Xapo product attributable to Defendants’ misrepresentations, omissions, […]

Mining Hardware Company Alpha Technology: Bad Luck or Bad Business?

CCN received a tip from a customer who was very, very unhappy with an often unmentioned Bitcoin mining hardware outfit, Alpha Technology. Here is what he said: This story is the same as KnC’s some guys claiming they could produce a scrypt miner and that they were based in England. I ordered back in May […]