Bitcoin News in Review: PayPal, Butterfly Labs, Goldman Sachs, and More
With the end of a rather eventful week, it's time for the Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week, PayPal partnered with three major bitcoin exchanges, the U. S. Federal Trade Commission shut down Butterfly labs, the shady inner workings of Goldman Sachs were revealed, and more. Keep scrolling for this week's Bitcoin News in Review. PayPal Partners with BitPay, Coinbase, and GoCoin. Earlier this week, PayPal surprised Bitcoiners with the announcement that the online payments giant had partnered with BitPay, Coinbase,....
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Welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week (28 September - 5 October), we saw a huge drop in the bitcoin price, Bill Gates praising Bitcoin technology, a cyberattack against JPMorgan Chase, and more. Keep scrolling for this week's News in Review. Also read: Bitcoin News in Review: PayPal, Butterfly Labs, Goldman Sachs, and More. What's Happening to the Bitcoin Price? At the time of this post, 1 bitcoin is valued at $298, just slightly below $300. This is a substantial drop in price from just a few....
Butterfly Labs was one of the very first mining firm is now in deep trouble as US Goverment is taking legal actions against them. Butterfly Labs was accused of fraud and misrepresentation. FTC documents say that the companies assets were frozen. The story began with really upset customers who failed to received their pre paid miners. Butterfly Labs has violated Section 5(a) of the FTC Act. BFL were basically engaging in “unfair or deceptive business practices in or affecting commerce”. We have contacted butterfly Labs to get some information regarding the shut down but they said
Welcome back to another Bitcoin News in Review, where we feature our top stories of the week here on CryptoCoins News. This week (11 May - 18 May) we looked at two of the biggest scams in the mining community, saw trouble at the Bitcoin Foundation, looked at some Dogecoin tidbits, and more. Be sure to check out our video and read the articles below on this Bitcoin News in Review. [youtube http://www.youtube.com/watch?v=kteZqvX4V3w?rel=0]. Butterfly Labs, LSM Labs, and Other Scams. CCN exposed the scam mining company - LSM Labs. The cryptocurrency mining industry is full of scams, with the....
Three weeks ago, the Federal Trade Commission shut down Butterfly Labs. Butterfly Labs is a company that sells Bitcoin mining hardware. It's been accused of scamming and lying to customers time and time again. Recently, the Federal Trade Commission (FTC) reported that Butterfly Labs was lying to customers in multiple ways, one being that they mined on their customers' hardware for extended periods of time before shipping it. This morning, Butterfly Labs tried to dismiss the FTC's complaint. Also read: FTC Shuts Down Butterfly Labs... Finally. The FTC claims that Butterfly Labs spent their....
Goldman Sachs has reportedly agreed to settle with the U.S. government over its role in a corrupt Malaysian government investment fund, which is one of the firm’s worst scandals since the financial crisis. In addition, Goldman Sachs previously agreed to pay the Malaysian government billions of dollars to end a criminal probe. Goldman Sachs’ Billions of Dollars in Settlement Goldman Sachs Group Inc. has agreed to pay about $2.8 billion to the U.S. Department of Justice (DOJ) to settle a case involving a corrupt Malaysian government investment fund, the Wall Street Journal....