Archive for the ‘Crypto News’ Category

US Marshals to Auction Another 50000 Bitcoin

18, Feb 2015

usms-50k-bitcoins-auction

The USMS has announced that they are going to be holding another auction for 50000 more Bitcoins from the BTC seized as a part of the Silk Road bust. The auction will be held on March 5th, but the bidders that are interested to participate in the BTC auction need to register not later than March 2nd. This will be the third and most likely not the last auction that the US Marshals Service will for confiscated Bitcoins associated with the Silk Road case now that Ross Ulbricht has been found guilty as the operator of the Silk Road black market. It will be interesting to see what will be the interest this time and to see what will be the price of the winning big now that the Bitcoin exchange rate is not that high, especially compared to the first auction where the price per BTC was probably in the 700 USD range.

– For additional details and requirements to participate in the new BTC auction by USMS…

NiceHash and WestHash with New Fixed Order Price Option

17, Feb 2015

nicehash-new-fixed-order-price

NiceHash has introduced a new option for people that are using the services for renting hashrate for various crypto currency algorithms – fixed order price. Up until now you had to set the price you are willing to pay for the hashrate you need and if the current market price, if the current market price was higher you either needed to pay more or wait for cheaper hashrate to be available. On the other hand with fixed order price you are going to get all the hashrate you need for the time-frame you need guaranteed, however this may end up costing you more than with standard orders using the current market price. We have checked the new feature and currently it seems that not yet all of the algorithms are useable with the new fixed order price option as you get an error that not enough hashpower is available, but probably in a few days there should be no problems with hashrate availability. It is interesting to see if the introduction of fixed order price option will also lead to increase in the profit for the people that sell their hashrate using the service in the following days…

Chinese Crypto Exchange Bter Has Been Hacked

15, Feb 2015

bter-crypto-exchange-hacked

The Chinese crypto currency exchange Bter has apparently been hacked and is currently down. Th website notes that 7170 BTC apparently got stolen from the exchange’s cold wallet and they are offering 720 BTC bounty giving the transaction Id for the stolen coins. It seems that this could be the end of Bter as this is not the first time that the crypto currency exchange is having such problems getting hacked and coins stolen. It is not yet clear if what will happen with the exchange this time, after a few months ago they were able to get back on track after getting hacked and a lot of NXT coins getting stolen. Even if they manage to get back online again after this issue it will be hard to earn back the trust of the users and we would still recommend to avoid using it in this case anyway.

– You might want to take a look at Bter’s website for additional details…


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