Draper Fisher Jurvetson managing director and avid bitcoin enthusiast Tim Draper has once again entered a winning bid in a bitcoin auction held by the US Marshals Service.
However, unlike the first auction, in which he was able to purchase all 29,656 of the auctioned bitcoins, Draper confirmed to CoinDesk that this time he won just one block of 2,000 BTC (worth roughly $750,000 at press time).
In total, 50,000 BTC confiscated from alleged Silk Road ringleader Ross Ulbricht were divided into 10 blocks of 2,000 BTC and 10 blocks of 3,000 BTC for the event. Bidders did not have the ability to view other bids or change bids that they submitted during the auction. (more…)
South Korea’s first major cryptocurrency conference and expo will feature 20 exhibitors and 25 speakers December 12-13 in Seoul. The Inside Bitcoins Conference and Expo, is co-produced by MecklerMedia and the Korea International Exhibition Center (KINTEX).
Exhibitors for the event include Korbit, Coinplug, Galaxia, Coinbee, the Korea Bitcoin Foundation, CloudWallet, Coinone, Coinpia, and others. (more…)
The latest ruse to scam Bitcoin owners out of their holdings is websites posing as The Bitcoin Foundation and capitalising on concerns over the cryptocurrency’s falling price.
The Bitcoin Foundation said on Monday that it has seen a spike in complaints to its helpdesk over a fraud campaign where scammers direct Bitcoin users to spoofed versions of the foundation’s site.
The two scam domains the foundation is aware of are: bitcompensation.com and bitsecuretransfer.com. According to whois.is, both were registered in mid-November by what appears to be the same person. (more…)
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