AuthorNed Miller

Ned Miller is a bitcoin enthusiast since 2012 and he has a background in American politics.

Is Nautiluscoin a Scam?

CNBC ran an article earlier this week announcing that the Greek Island of Agistri will test Brian Kelly's Nautiluscoin. The tumultuous economic environment in Greece provides the opportune climate to deploy a new altcoin, Kelly argues. The CNBC article is a highlight reel for Nautiluscoin. It never mentions the serious challenges any altcoin faces, or that a rapid large scale deployment of a...

Breaking: Litecoin has Crashed and Lost 35%

Litecoin just shed nearly 40% of its value in a matter of minutes. It's understandable, seeing as Litecoin gained more than 200% in a matter of days. "The original altcoin" is also experiencing tremendous turnover, overtaking bitcoin in 24h trading volume (USD) for a time this morning. While the currency seems to have stabilized around $6.50/LTC, volatility is still very high and it make take...

Bitcoin Exchange Bitfinex is Down

Bitfinex, while still listed on its website as being in the "beta-phase," is the largest USD based bitcoin exchange. Bitfinex is currently experiencing an outage, as they have acknowledged on twitter. Beyond tweets acknowledging the existence of an issue, Bitfinex has not yet released any information concerning the current service interruption. This latest outage follows an outage just four days...

BitLicense Application Released by New York State

The New York Department of Financial Services has released the application for a "License to Engage in Virtual Currency Business Activity" more commonly known as the Bitlicense. You can view it here (PDF). Bitlicense Controversy The Bitlicense application is 31 pages. I just checked my handy bible, and Genesis is only 33 pages. God needed 2 more pages to create the world than Ben Lawsky needs to...

China's ChiNext Market is Crashing - Down 8% Today

China's ChiNext Market is a tech-focused index akin to Nasdaq. The Shenzhen based index is currently crumbling: down nearly 8% today and more than 27% over the last three weeks. ChiNext in Free Fall   The ChiNext market has suffered tremendous losses recently. According to Reuters, the index is crumbling because of policy concerns. The dramatic losses come as Morgan Stanley advised it's...

DEA Seizes Innocent College Student's Money in Policing for Money

In February 2014, the DEA seized $11,000 from Charles Clarke, a college student, who was never convicted of any crime. The DEA seized Clarke's money using a process known as civil forfeiture, and he still hasn't gotten any of the money back. While noticeably egregious, The Institute For Justice demonstrates that Clarke's case doesn't scratch the surface of what's being called "policing for...

Exclusive Interview: BitNational Dumps Robocoin over Privacy Concerns

BitAccess

In a Cryptocoins News exclusive interview, co-founder of BitNational, Drew Glover, discusses the success BitNational has experienced by switching to BitAccess software. BitNational operates nine bitcoin teller machines (BTMs) across western Canada and recently acquired the Canadian Bitcoin brokerage, Bitcoin Brains. They debuted their flagship BTM in North America's largest mall in February 2014...

BTCGAW Threatened to Send Child Porn & Stolen Credit Cards

Bitcoin-purchasing BTCGAW Inc., not to be confused with GAW Miners (which is facing a $346,000+ lawsuit), has recently gone on an all-out media blitz. They advertise, "BTCGaw is Paying 11% more for bitcoins than Blockchain official rate", in a manner very consistent with previous scams. An Australian on Reddit claims to have confronted BTCGAW Inc. with evidence that their offer is a scam, and he...

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