Bitcoin Tipping Service Bans User For Attempted Donation to Islamic State
Though rumors that Islamic State (IS) has been seeking to use bitcoin as a means of payment have persisted in the media, so far, little connection has been made between the notorious rebel group and the digital currency. Perhaps as a comment on this ongoing media narrative, bitcoin enthusiast and AltMarket developer Bryce Weiner (@BryceWeiner) used bitcoin micropayments service ChangeTip to initiate a $1 tip to a suspected IS account (@vvvv_101) this week in an incident that has since caused controversy. The tweet, sent on 28th February, spawned discussion and sometimes humorous banter on....
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Months after its core development team was acqui-hired by accommodations startup Airbnb, bitcoin tipping service ChangeTip is closing its doors. Nick Sullivan took to Reddit today to announce the closure. He said that the tipping service will be officially turned off at the end of November, though its website will remain open “for a number of months” in order to allow for user withdrawals. The closure comes less than two years after the startup, once a popular tool for sending bitcoin tips via social media, raised $3.5m in a seed funding round. ChangeTip sought to bring bitcoin tipping to....
News that Bitcoin can be tied to the Islamic State circulated on the internet in the wake of the Paris attacks. European Union leaders even held a so-called "emergency meeting" on virtual currencies themselves, reportedly investigating how to better control the currency. To be sure, evidence that the Islamic State uses Bitcoin in any significant manner is non-existent, the claims specious at best. Researcher Nicholas Weaver, from the Berkeley-based International Computer Science Institute, is aware of no evidence that the Islamic State uses Bitcoin. "There was a recent material support....
The Islamic State (IS) might be trying to use bitcoins to fund its operations. According to a well-respected journal, Foreign Policy, the US government should try the same in the fight against IS. An individual called "Abu Ahmed al Raqqa" appealed to supporters of the Islamic State to send funds to the militant group in bitcoins to expand its "caliphate" in Internet messages posted last May. The messages were posted on the darknet. IS has used online propaganda to further its cause, in particular with social media and other marketing blitzes to gain attention. As Washington Post writes of....
tidbit, a London, U. K. -based online tipping and micropayments service that utilizes bitcoin, has raised £122,080 ($192,289) for 15.03 percent equity in seed funding through investment platform Seedrs. The funding will be used for marketing, incorporating additional features, and building the network of sites featuring tibdit. tibdit provides a fast and convenient tipping and donation service, giving users the chance to reward others online with payments between 3p and 75p. tibdit takes only 1.5p per transaction. tibdit facilitates such small payments through the use of bitcoin. The....
Yesterday, reddit user steeevemadden made a post on /r/Bitcoin proposing a "Tipping Tuesday": a day during which Bitcoiners donate via ChangeTip to charitable organizations over Twitter. Surprisingly, the proposal took off, and many Bitcoiners are participating in this event actively. Roughly every minute, a new tip is sent over Twitter. You can check the tips being sent by searching for the hashtag #TippingTuesday on Twitter. Another reddit user, BashCoBot, further solidified the proposal in a post in which he laid out some ideas for which charities and communities to tip. Excited users....