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9 Biggest Screw-ups in Bitcoin History

With more and more online gambling sites popping up that incorporate the anonymous digital currency bitcoin, featured an interesting piece Monday that unveils nine of the biggest screw-ups in bitcoin’s short – and some would say shaky – history.

As you can see, these aren’t just simple screw-ups.

Submitted by Aaron Goldstein on, Jul/21/2014

The Isle of Man Is Becoming Cryptocurrency Hotspot

Crypto Next plc is an Isle of Man company that wants to bring digital currencies to grassroots level by providing turn-key packages that include a company, operating and trading accounts and white label currency exchange platform, instantly overcoming regulatory and technological barriers.

Crypto Next plc is the second cryptocurrency company to launch in the Isle of Man, where the Government has openly welcomed digital currency companies; a development which is attracting cryptocurrency based businesses since the announcement on the 10th June 2014. 

Submitted by Press Release on, Jul/16/2014

Online Gambling Operators in France Detained for Running Illegal Bitcoin Exchange

TOULOUSE, France – (Reuters) - French police have dismantled an illegal Bitcoin exchange and seized 388 virtual currency units worth some 200,000 euros ($272,800) in the first such operation in Europe, a public prosecutor said on Monday.

Submitted by Reuters on, Jul/07/2014

Bitcoin Community Fears 51 Percent GHash Control: Others Say It’s Armageddon

On Friday for a period of nearly 12 hours, mining pool GHash had surpassed the 51% controlling share mark in the anonymous digital currency bitcoin and that has many watchers worried….perhaps with good reason.

Back in January GHash had 42% control and even then there were concerns mounting.

Submitted by Aaron Goldstein on, Jun/15/2014

Bitcoin-Only Casino Generates Over $1.4 Mil in Turnover in its First 3 Months, the first ever licensed bitcoin-only casino has grown to a player base of 7,000 users betting over 3,000 BTC (~$1,400,000) since February 2014. The success of the casino has been built around its world-class software that includes Live Dealers, Live Dice/Lottery and over 150 HD video slots as well as traditional table games.

Submitted by Press Release on, May/27/2014

Bitcoin Sportsbook Folds After Only Four Months, a bitcoin-only online sportsbook, has closed its doors, leaving customers wondering if they will ever see their winnings.

[ does accept bitcoin here

Submitted by Aaron Goldstein on, Apr/28/2014 Bitcoin-Denominated Stock Sale Draws Ire of SEC

Bloomberg News is reporting that the Securities and Exchange Commission is conducting an investigation into the Bitcoin-denominated stock sale of the online gambling website  

Submitted by Aaron Goldstein on, Mar/19/2014

Satoshi Nakamoto Claims Not to Have Been Creator of Bitcoin (Video)

LOS ANGELES (Associated Press) - Dorian Prentice Satoshi Nakamoto said Thursday that he is not the creator of bitcoin, adding further mystery to the story of how the world's most popular digital currency came to be.

The denial came after Newsweek published a 4,500-word cover story claiming Nakamoto is the person who wrote the computer code underpinnings of bitcoin.

Submitted by Associated Press on, Mar/07/2014

Bitcoin Exchange Executive Found Dead: No Foul Play According to Police

SINGAPORE (Associated Press) — The CEO of a virtual currency exchange was found dead near her home in Singapore.

A police spokesman said Thursday that initial investigations indicated there was no suspicion of "foul play" in the Feb. 26 death, meaning officers do not suspect murder.

The spokesman said police found 28-year-old Autumn Radtke, an American, lying motionless near the apartment tower where she lived.

Police have so far classified the death as "unnatural," which can mean an accident, misadventure, or suicide.

Submitted by Associated Press on, Mar/06/2014

Japan Finance Minister Gathering Facts on Bitcoin Exchange Mt.Gox

(Reuters) - Japanese Finance  Minister Taro Aso said on Tuesday that the government is still trying to figure out what has led to the collapse of the Tokyo-based bitcoin exchange Mt. Gox and is not sure whether crime is involved.

"We still have not had a clear grasp of the situation," Aso said in response to a reporter's question after a cabinet meeting. "(We) don't know if it was a crime or just a bankruptcy."

Submitted by Reuters on, Mar/03/2014

Bitcoin Businesses Subpoenaed by US Attorney Preet Bharara

(Reuters) - Manhattan U.S. Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with the probe said on Wednesday.

In the attacks - known as distributed denial of service attacks - hackers overwhelmed bitcoin exchanges by sending thousands of phantom transactions. At least three exchanges were forced to halt withdrawals of bitcoins on February 7, including Mt. Gox, which was the largest at the time.

Submitted by Reuters on, Mar/03/2014

Mt.Gox Bitcoin Exchange Files for Bankruptcy

(Reuters) - Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.

The collapse caps a tumultuous few weeks in which the company has remained virtually silent after halting trades of the crypto-currency, shaking the nascent but burgeoning bitcoin community.

Submitted by Reuters on, Mar/01/2014

Infiniti Poker, The Bitcoin Room That Never Was, Vanishes

The wait is over…..really over.

Submitted by Ace King on, Feb/27/2014

Bitcoin Shocker as One-Time Largest Exchange Closes Its Doors

In yet another blow to the anonymous digital currency bitcoin, the largest exchange has shut its doors.

Mt.Gox posted an update to its site Tuesday saying a "decision was taken to close all transactions for the time being," citing "recent news reports and the potential repercussions on MtGox's operations.

Submitted by Aaron Goldstein on, Feb/25/2014

The Bitcoin Revolution on CBS4 South Florida (Video)

“This high tech coin could make cash money obsolete.”  That’s the introduction to a special report Wednesday night on CBS4 South Florida.   The video itself should be available on the CBS4 website by Thursday morning.

Submitted by C Costigan on, Feb/19/2014

Mt.Gox Bitcoin Exchange Withdrawals to Resume ‘Shortly’

Following a halt to bitcoin withdrawals by one of the anonymous digital currency’s largest exchanges, Mt.Gox, it was announced Monday that these withdrawals should resume “shortly”.

Submitted by Aaron Goldstein on, Feb/17/2014

Second Bitcoin Exchange Halts Withdrawals: Canada to Tighten Grip

A second major bitcoin exchange has temporarily ceased withdrawals following an apparent cyberattack that has seen the anonymous digital currency’s price drop in recent days.

Bitstamp followed the move of Mt.Gox by halting withdrawals after hackers had exploited a bug in some underlying software to carry out the attack.

Submitted by Aaron Goldstein on, Feb/13/2014

Bitcoin Startup Could Give Western Union a Run for its Money

CNN Fortune published an article warning that bitcoin start up could fast become stiff competition for international money exchange outfit Western Union. 


Up until now, Western Union has operated nearly as a monopoly.

Submitted by Aaron Goldstein on, Feb/11/2014

CoinDesk Removes Mt.Gox From Bitcoin Price Index

The world leader in news, prices and information on bitcoin and other digital currencies,, has taken the unprecedented step of removing exchange Mt.Gox from its bitcoin price index on Monday.

Submitted by Aaron Goldstein on, Feb/10/2014

Russia Bans Bitcoin: Price Still Hovering Around $700

Russia banned the bitcoin this weekend, concluding a highly tumultuous week for the anonymous digital currency.

Submitted by Aaron Goldstein on, Feb/09/2014

Miami Beach Police Make What Could be First Ever Bitcoin Vendor Arrests

Police in Miami Beach in conjunction with the U.S. Secret Service’s Miami Electronic Crimes Task have arrested two men moving a large amounts of cash in and out of the Bitcoin virtual currency.  Experts believe this could be the first case that bitcoin vendors have been charged with a crime.

Submitted by Aaron Goldstein on, Feb/07/2014

Bitcoin Price Down Nearly 7 Percent Friday: Volatility Declining, Debuts

The price of bitcoin had dropped approximately 7 percent Friday, quite likely on news that one of the biggest exchanges, Mt.Gox, had stopped processing withdrawals temporarily.

The price of bitcoin had fallen to $686 but rebounded later in the evening to $703, matching the day’s opening price.

Submitted by Aaron Goldstein on, Feb/07/2014

Bitcoin Community May Give Up on Mt. Gox Exchange

Following yet another currency withdrawal halt at bitcoin’s most famous exchange, Mt. Gox, traders in the anonymous digital currency may finally be willing to give up on the mysterious Japanese-based operation.

Submitted by Aaron Goldstein on, Feb/07/2014

Apple Removes Blockchain Bitcoin Wallet Service App

(Reuters) - Bitcoin wallet service Blockchain was removed from Apple devices.

Apple has removed popular bitcoin wallet app Blockchain from its app stores in a major setback for the popular digital currency.

As a result, iPhone and iPad users do not have any bitcoin wallet options for their devices at present.

Submitted by Reuters on, Feb/06/2014

Companies That Accept Bitcoin – Including Online Gambling

This week, released a listing of companies that accept bitcoin and these mainstream (some not-so-mainstream like Virgin Galactic perhaps) are listed below.  But we also list online gambling companies that currently accept the anonymous digital currency as of February 1, 2014.

Submitted by Aaron Goldstein on, Feb/04/2014

Betting the 2015 Super Bowl With Bitcoin: Sportsbook Offers Plenty of Props

There is now a high demand for betting on the 2015 Super Bowl with bitcoin and Americas Cardroom has all the odds and prop bets a gambler’s heart desires along with full Bitcoin deposit and withdrawal options.

Americas Cardroom calls itself one of the world's first full-service bitcoin sportsbooks with other payment options available. They claim to have the best odds, the easiest transactions, and deliver a consistently evolving feature set.

Submitted by Aaron Goldstein on, Feb/01/2014

More Major Retailers Poised to Start Accepting Bitcoin in Wake of Overstock Success

On the heels of, the Sacramento Kings, two Las Vegas casino establishments and the popular online poker room Americas Cardroom each now embracing the anonymous digital currency bitcoin, other major retailers are about to follow suit.

Submitted by Aaron Goldstein on, Jan/30/2014

Hearing on Bitcoin Turns Into Discussion Regarding Shortcomings of Banks

A Tuesday hearing about the anonymous digital currency bitcoin turned into a forum on the shortcomings of the traditional banking system.

Submitted by Aaron Goldstein on, Jan/28/2014

Bitcoin Exec Charged With $1 Mil in Money Laundering Out on $1 Mil Bail

Charlie Shrem, CEO of one of the largest bitcoin exchanges BitInstant, was released on $1 million bond Tuesday for his alleged role in money laundering tied to the notorious Silk Road website.

Submitted by Aaron Goldstein on, Jan/28/2014

Satoshi Square Becomes Gathering Spot for Bitcoin Traders on Wall Street (Video)

Every Monday night, Bitcoin traders holds a meet up called Satoshi Square, named in honor of Satoshi Nakamoto, the mysterious creator of Bitcoin, in which participants exchange virtual currencies for U.S.dollars. Previously, these meetings took place in a Whole Foods market on the Lower East Side of Manhattan.

Submitted by C Costigan on, Jan/28/2014

Breaking News

The T-Wolves Championship odds have gone from 40-1 to 25-1 to win the NBA Championship in 2023.

Gobert Trade Impact on the Odds is Significant

The T-Wolves Championship odds have gone from 40-1 to 25-1 to win the NBA Championship in 2023.

BetMGM Bonuses in New York - Cancelled Until Further Notice

BetMGM Bonuses in New York - Cancelled Until Further Notice

A high tax rate cutting into profits along with the potential of an advertising crackdown by regulators could be the catalyst.

These Are the Fighters Bettors Are Backing at UFC 276: Predictions From BetOnline

These Are the Fighters Bettors Are Backing at UFC 276: Predictions From BetOnline

An amazing card is on tap Saturday evening for UFC 276.  The Fight Guys also offer their previews and predictions for two of the top  UFC 276 fights.