Mark Karpeles arrested by Japanese Police for bitcoin fraud

August 1, 2015 Tokyo police arrest former CEO of Mt. Gox Mark Karpeles on charges of stealing over $1,000,000 from users of his bitcoin exchange also tampering with financial records to inflate his bank account.

MtGox CEO Mark Karpeles arrested in Japan

MtGox CEO Mark Karpeles arrested in Japan

See more at BBC World News here.

Or at ZDNET here.

Mike Tyson Bitcoin ATM machine coming soon

Mike Tyson Bitcoin ATM

Mike Tyson is coming out with a bitcoin ATM machine this coming August 2015. The website doesn’t have much information of where it will be located or any other details, but you can subscribe to the MikeTysonBitcoin.com mailing list to get emails about updates, info of what is the dealy.

His website says:

“MIKE TYSON’S FASTEST KNOCK OUT IN THE RING WAS 30 SECONDS. THE MIKE TYSON BITCOIN ATM CAN TURN YOUR CASH INTO BITCOIN IN UNDER 20 SECONDS”

Good luck Iron Mike, I hope you can get your ATM machine out as planned! Checkout the website here.

Prime Dice – awesome new bitcoin gambling site

Prime Dice

My friend just introduced me to this new bitcoin gambling website called Prime Dice. You send bitcoin to your account there, setup your gambling technique and odds, and you let the auto roll go! I just turned 1 bitcoin into 1.5 bitcoin in the past hour. Call me lucky, or whatever, it was fun to watch. Let me know if you join and I can help you setup your bets the way I have mine :)

visit PRIMEDICE

Inside Bitcoins Paris conference 2014

Inside Bitcoins conference in Paris in November 20-21, 2014

Inside Bitcoins conference in Paris in November 20-21, 2014

What is it? Inside Bitcoins Paris Conference
Where is it? Espaces Cap 15, 1/13 Quai de Grenelle, 75015 Paris, France
When is it? Thursday and Friday November 20-21, 2014
Website: http://insidebitcoins.fr/en/

Speakers will include representatives from Blockchain.info, Coinizy, BitSpread, Paymium, Coinprism, Pathfinder Captial, Epicenter Bitcoin, and many more.

Does Paul Krugman have any credibility left?

Paul Krugman

After Paul Krugmans statement about the internet in late 90’s, does he have any credibility left as an economist?

Paul Krugman is a Nobel Prize-winning economist that has said this in the late 90’s about the internet:

The growth of the internet will slow drastically, as the flaw in “Metcalfe’s Law” – which states that the number of potential connections in a network is proportional to the square of the number of participants — becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.

He hates bitcoin and actually thinks he has credibility left to talk down against it. Here you can see a great article by Forbes columnist Mark Rogowsky -> http://www.forbes.com/sites/markrogowsky/2014/10/05/krugmania-as-bitcoins-price-falls-the-nyt-pundit-takes-a-very-premature-victory-lap/

Coinbase launches a new “Vault” safety feature

Coinbase has done it again! They are allowing us customers to sleep well at night knowing our bitcoins are totally safe now with the launch of their new “Vault”. It is a way to totally protect your bitcoins, there are 2 email and 1 sms authentications, so it’s a lot better and safer than ever before.

The admin looks like this:

coinbase_vault

Coinbase sent this email on July 25th 2014 announcing the launch of their new Vault:

Sleep Well Knowing Your Bitcoin is Safe

Bitcoin wallets are great for day-to-day spending, but storing large amounts of bitcoin requires extra security. This is why we created Coinbase Vault.

How does it work?
Withdrawals are time delayed with notifications delivered to your phone and email

Optionally choose multiple withdrawal approvers for increased security

Up to 97% of bitcoin is stored entirely offline in geographically distributed safe deposit boxes and private safes

How much does it cost?
The Coinbase vault is 100% free and has no fees.