Australian car company Tomcar now sells off-road vehicles for bitcoins
Car manufacturer Tomcar Australia claims to be the first automobile vendor to accept bitcoin. The company, which makes rugged off-road vehicles, begins accepting the cryptocurrency today. Bitcoin has proven to be a useful currency for online services, and mail order goods. Some bricks and mortar services also take it. However, the cryptocurrency has largely been ignored for purchases like cars, unless you buy via an online marketplace. Now, Tomcar, which makes specialist off-road utility vehicles, will happily take your decentralized digital cash. "Any startup company should maximize....
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Today, CoinJar, Melbourne-based Bitcoin payments provider, announced Tomcar's decision to accept Bitcoin in payment. Tomcar Australia is now the world's first original equipment car manufacturer to accept Bitcoin. Tomcar Australia's Co-Founder & CEO, David Brim, highlighted the similarities between Bitcoin and Tomcar. According to Brim, Tomcar "disrupts the old system" just as Bitcoin provides around traditional payment methods. Tomcar has been in the business of manufacturing unique commercial off-road utility vehicles for over 30 years. Bitcoin will inevitably open up the door for....
Peter Ward argues that the 100 Bitcoins seized from him in the US government’s raid on the Silk Road last year were taken unlawfully, and he has announced a plan to lawyer up and try to get them back. Ward, the owner of a head shop in Devon, England, sold bongs and rolling papers on the Silk Road, the same things he currently sells in his Planet Pluto shop. He told Forbes that he can prove all of his transactions were legal and thus were not subject to forfeiture. Ward was also arrested in his home by the UK’s National Crime Agency, whose agents confiscated a personal stash of marijuana....
The bitcoin community could soon see another high-profile auction of bitcoins confiscated from users of the now-defunct online black market Silk Road. Australian law enforcement officials are now in possession of 24,500 bitcoins (worth $9.4m at press time) following the conviction of their original owner, 32-year-old Warrandyte native Richard Pollard. Pollard was given an 11-year prison sentence today after pleading guilty to commercial drug trafficking, according to The Sydney Morning Herald. Judge Paul Lacava told Pollard at the sentencing: "The system of drug trafficking you engaged in....
How many bitcoins have been mined so far? How many bitcoins did the FBI seize during the Silk Road investigation? Where did all those bitcoins go? Who has the most number of bitcoins in the world? These are some of the questions that are bound to be asked at one time or another, unless you have already asked that to yourself. Starting with, How many bitcoins have been mined so far? To give you the statistics, out of the total 21 million bitcoins to be mined, over 14.75 million bitcoins are already mined. The total number of bitcoins mined so far can be found at this link. Time for the next....
Australian authorities last year seized about 24,500 Bitcoins from a Melbourne Silk Road drug dealer. Richard Pollard ran a web shop on the Silk Road website. He was accused of selling various illicit drugs between August and December, 2012. Last Friday, Richard Pollard was sentenced in the County Court of Melbourne to 11 years. Police were monitoring Pollard's every last move in late 2012; when they executed a search warrant on two properties they found a variety of drugs and computer equipment along with about $58,000 in cash. But some months later, authorities found three Bitcoin....