The World Awaits the Second Coming of RedditCoin

Reddit, the self-proclaimed front page of the internet, announced Tuesday that it had raised $50 million in Series B funding, and that it plans to give back 10 percent of that equity to the community, possibly in the form of a Reddit Coin. According to the official blog post, most of the funding will go

Butterfly Labs Ordered Foam Pitchforks to Mock Customers

According to the latest documents filed in US District Court, FTC lawyers allege that not only did Butterfly Labs engage in deceptive business practices and use pre-sold machines to mine bitcoins, employees went so far as to order custom foam pitchforks to mock their frustrated customers. Helen Wong, an FTC attorney, wrote to the court: Further

Altcoin Community ‘AllCryptoTalk’ Breaking the Forum Mold

Seeing the need for a professional community where crypto enthusiasts and developers could collaborate and share ideas via a well-managed central website, US Veteran, Steven Thacher, believes his new forum is just what the doctor ordered. After months of frustration witnessing a lack of moderation in the altcoin announcement threads at BCT, Thacher saw

Billionaire Mark Cuban Warming Up To Bitcoin

In the past, billionaire investor and owner of the Dallas Mavericks, Mark Cuban, has been hard on Bitcoin telling USA Today in a taped interview last March that he had doubts about its viability and questioned whether it was even a currency. …no one that I’ve seen so far that’s in traditional sales that is

Butterfly Labs Story Airs on Local NBC Affiliate

Local NBC affiliate, 41 Action News, in Kansas City, Missouri, where the Butterfly Labs headquarters is located aired the above story tonight about the embattled Bitcoin mining company, as reported by a user on Reddit. Last week, the business was shut down by the US Federal Trade Commission (FTC), which accused the company of fraud

PayPal Announces BitPay, Coinbase, and GoCoin Partnerships

Earlier this month, PayPal revealed that businesses working with its Braintree division would be able to accept Bitcoin. Today, the news got even more interesting with the announcement that PayPal has entered into agreements with Bitcoin payment processors BitPay, Coinbase, and GoCoin. These agreements will allow digital goods merchants to accept Bitcoin through the PayPal

Will Songcoin Revolutionize the Music Industry?

The alternative currency industry is growing by leaps-and-bounds as inventors with big dreams bring to market their unique coin concepts and designs. And no one dreams bigger than David Prince, whose new currency Songcoin, could disrupt the entire music industry. Australian music entrepreneur, David Prince, sees the invention of digital currency as a golden door

BuySellAds Now Offers Publisher Payments in Bitcoin

Earlier this month, BuySellAds, an online advertising network based in Boston, Massachusetts, announced on its blog that it would begin accepting Bitcoin payments from its advertisers. That news created quite a stir in the Bitcoin community because the integration meant you could also buy ad space on BSA’s advertising partner Reddit, which has more than Now Blocked in China

The administrator of is reporting today that the popular online Bitcoin community has now been blocked in mainland China. The Golden Shield Project, aka the Great Firewall of China, is a censorship and surveillance project operated by the Ministry of Public Security (MPS) division of the government of China. The project began in 1998

Judge Hits Bitcoin Operator with $40 Million Fine

A Texas federal judge has ordered Bitcoin operator Trendon Shavers to pay a $40 million dollar fine after the Securities and Exchange Commission established that his company, Bitcoin Savings & Trust, was nothing more than a Ponzi scheme. In yesterday’s decision, US magistrate Judge Amos Mazzant said Shavers “knowingly and intentionally” operated his business “as