Texas Man Arrested For $4.5 Million Bitcoin Ponzi SchemeIn total, Shavers took in more than 700,000 BTC - which at one point constituted approximately seven percent of all Bitcoin then in public circulation.
Are You an Informed Investor? What’s in your e-Wallet?The Securities and Exchange Commission took enforcement action against a man in Texas who convinced others to give him their Bitcoin holdings in exchange for the promise of receiving even more Bitcoins in the future, plus seven percent interest a week.
Australia's major banks pull plug on bitcoin companiesSeven percent of the world's $5 billion worth of bitcoin is in circulation in Australia, according to ADCCA estimates.
Japan’s Mizuho Bank: The Latest Defendant in Mt. Gox Bitcoin SuitThe suits were filed in Chicago federal court and the Ontario Superior Court of Justice. Mt. Gox officially shut down on February 25 after losing an estimated 750,000 Bitcoins, including 100,000 of the company’s own. Combined, the total loss amounts to $567 million and represents roughly seven percent of all Bitcoins in circulation.
CoinDesk Mining Roundup: Miner Meetups and Pool PressuresBTC Guild currently comprises roughly seven percent of the bitcoin network hashrate, and in the past has represented as much as 15 percent of the network.
9% of survey respondents ‘puzzled’ by Bitcoin logoIn a survey of 504 Americans, more than nine percent reported feeling “puzzled” or “confused” by the Bitcoin logo, while nearly seven percent said they felt “nothing.”
US Marshals Second Silk Road Bitcoin Auction Sees Low Bidder InterestAround the first auction in June, the price of bitcoin rose briefly by seven percent, but this auction didn’t have an impact on the bitcoin price.
Financial crisis in Greece drives bitcoinWith financial unrest in Greece growing, at least one financial sector is seeing the potential for growth. Recently, as concerns regarding Greece's economy grew, bitcoin surged as much as 7 percent, largely due to Greeks scooping up the decentralized digital currency in an attempt to protect their personal assets.
Updated: Major Mining Pools Make a Stand Against Bitcoin XT Fork, Support for BIP 100 GrowsBW Pool has not mined any blocks in support of a hard fork switch to BIP 101. The Chinese mining pool that controls 7 percent of all hashing power on the Bitcoin network does, however, include messages in support of 8 megabytes in their blocks.
Bitcoin Price Technical Analysis for 19/8/2015 – The Death of BullAll hell has broken loose in the Bitcoin market! The price of Bitcoin crashed more than 13 percent intraday after bears crushed the bulls following the Bitcoin XT controversy. As of now, short covering has helped lift the price up to $235.66, still off more than 7 percent.
Guess Which Ethnicity Knows the Most about Bitcoin? (And What It Says about the Future of Finance)The differences among ethnic groups are striking: Just 8 percent of whites and 7 percent of African Americans said they’ve heard “a lot” about Bitcoin, while 21 percent of Hispanics have.
