The US Marshals Service to Auction 50000 More Confiscated Bitcoins

17 Nov
2014

usms-50k-bitcoins-auction

The U.S. Marshals Service (USMS) has announced that they will be holding another auction for 50000 more Bitcoins that have being seized from Ross Ulbricht accused of being the Silk Road black market operator. This is the second auction of confiscated Bitcoins from Silk ROad after earlier this year USMS held an auction for about 30000 BTC. Last time the news about the auction have caused a sudden drop in the Bitcoin price and we are probably also going to see similar situation this time. However this time things will probably remain calmer, especially considering the fact that the price of Bitcoin is currently lower and people should not be so worried like the first time.

Interested parties must register for the auction between November 17th and December 1st and the auction itself will take place on December 4th with the winner of the auction to be announces by USMS on December 5, by 5:00pm EST. It will be interesting to see if Tim Draper who won the previous auction for all of the coins offered will be participating this time as well and if he will be ne winner again with the highest bid.

– For more information about the second Bitcoin auction from US Marshal Service…

New Updated ccMiner 1.4.7.SP Fork with Optimized Kernels for Maxwell

17 Nov
2014

ccminer-147-sp-maxwell-optimized-new

We have compiled a new windows binary of the ccMiner 1.4.7.SP (source) fork with optimized kernels for Nvidia Maxwell GPUs supporting Compute 5.0 (GTX 750 / 750 Ti) and Compute 5.2 (GTX 970 / GTX 980) that includes some slight performance improvements for the Blake, Echo and Shavite algorithms as well as other more general optimizations that should result in slightly faster hashrate on some of the algorithms supported by the miner. The windows binary you can download below is compiled with VS2013 and CUDA 6.5 and is only for Nvidia Maxwell GPUs, it will not worl on older hardware – for older Nvidia cards you can use tpruvot’s ccMiner fork that should also work on Compute 3.0 and 3.5 GPUs.

– You can download the ccMiner fork by SP optimized for Maxwell GPUs for Windows OS here…

The First Cryptocurrency Bank Coming from Kraken and Fidor Bank

17 Nov
2014

cryptocurrency-bank

The online exchange Kraken and the German bank Fidor have announced their plans for building the first cryptocurrency bank in the world in order to offer an alternative to the big banks for the crypto currency users and businesses. The goal of the Cryptocurrency Bank (BYSE Bank or BICONDO), which is not the final name as the users currently have the option to vote for the name of the bank on the official website, wants to make it easier for people that are involved in the Bitcoin ecosystem to save valuable time and resources and not worry that a traditional bank may stop servicing their personal or business accounts because they are used for operations with Bitcoin. We’ve seen this happening in some countries, even though there is no official ban on Bitcoin or crypto currencies in general, however if the traditional banks refuse to work anymore with you, then you don’t have many options left. Could this be a sign that traditional banks are beginning to see Bitcoin and other crypto currencies as a threat already or is it just because of pressure they are getting form the government or some other powers with different interest.

Regardless, the project that the German online bank and the cryptocurrency exchange does seem like a good idea and looks very promising. Kraken and Fidor Bank are currently looking for investors, service partners and cryptocurrency enthusiasts to help turning the idea for the cryptocurrency bank to a reality. On December 15th/16th the companies are organizing a workshop in Munich, Germany for the project and you can register until November 24th to attend it if you are interested. We like the idea about a cryptocurrency bank and Kraken and Fidor Bank may turn out to the just the right people to make it happen.

– For more information about the First Cryptocurrency Bank project…

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