Looking to buy Bitcoin with Paypal or a credit card ?

Since no exchange currently allows a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (Second Life Linden Dollars). After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. read more...

What Happens to Bitcoin After You Die, Who is Satoshi Nakamoto (again) and More…Weekly News Update

bitocin news update april18

Mt. Gox To Be Liquidated

It looks like Mt. Gox will not be given a chance to reorganize and emerge from bankruptcy. Japanese courts rejected the company’s application for rehabilitation. Instead, Mt. Gox will be liquidated with the proceeds being given to people who held their money in the exchange. Mt. Gox lost some $425 million dollars worth of Bitcoins. Initially the loss was believed to be even higher, however, but an unused wallet with some 200,000 Bitcoins in it was discovered.

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5 Remarkable Bitcoin Videos You Should Be Watching

#5 - Mining Bitcoin Explained by Reddit Contributor Artesian Why it is remarkable Although not technical in it’s nature, this video gives a pretty basic explanation about what Bitcoin mining is and how it evolved through time. The simple yet attractive animations along with the “gets you in the mood” soundtrack make this an enjoyable 2:37 […]


Mt. Gox Founder Requested to Return to the US, Chinese Bitcoin Exchanges in Trouble and More…Weekly News Update

bitcoin news update april4

U.S. Judge Demands Mt. Gox Founder Come To US To Answer Questions U.S. Bankruptcy Judge Stacey Jernigan has demanded that Mt. Gox CEO Mark Karpeles appear at the law offices of Baker & McKenzie to answer questions regarding the exchange’s bankruptcy. Baker & McKenzi is representing clients in the United States who lost money during […]


The First Bitcoin Regulated Country, The Bitcoin Vault and More….Weekly News Update

bitocin update march14

Monetary Authority of Singapore To Regulate Bitcoin So far, Bitcoin has largely avoided any serious attempts at regulation. As authorities around the world have noted, even attempting to regulate Bitcoin will prove to be extremely difficult. Many also question what agencies actually have the authority to regulate Bitcoin. Don’t try explaining these challenges to the […]


New to Bitcoin ? 5 Mistakes You Should Avoid…

5 bitcoin mistakes

1. Keeping your Bitcoins in the exchange’s wallet This is by far the most crucial mistake you can make. When you put your Bitcoins in the exchange wallet you’re basically giving up all control over them. If the exchange gets hacked because it wasn’t secured properly or even in the case of fraud (e.g. Mt.Gox, […]