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Now That Bitcoins Are Worth More Than Their Weight in Gold, Is It Time For Central Banks To Make Their Own?

Now That Bitcoins Are Worth More Than Their Weight in Gold, Is It Time For Central Banks To Make Their Own?

(Q24N) The history of gold trading can be traced back hundreds of years while bitcoin, a digital currency that uses encryption and works independently of central banks, has been around for less than ten. But the cryptocurrency is now starting to challenge gold as the investment of choice. Its meteoric rise is such that on […]

Venezuela’s Main Bitcoin Market Shuts Down amid Arrest of Miners

Venezuela’s Main Bitcoin Market Shuts Down amid Arrest of Miners

Two isolated incidents involving fraud and bitcoin mining have caused problems for the bitcoin community in Venezuela. TODAY VENEZUELA – Venezuelan authorities detained four men suspected of bitcoin mining, forcing the country’s main exchange platform to temporarily shut down operations and lose its bank account. On Friday, February 2, authorities confiscated 11,000 computers belonging to bitcoin miners. […]

Costa Rica Based Liberty Reserve Owner Sentenced To 20 Years Prison In U.S.

Costa Rica Based Liberty Reserve Owner Sentenced To 20 Years Prison In U.S.

QCOSTARICA – The co-founder and owner of Costa Rica based Liberty Reserve, Arthur Budovsky, was sentenced Friday in New York, to 20 years in prison. Budovsky’s Liberty Reserve operated an alternative digital currency that allegedly laundered billions of dollars for cyber criminals around the world distribute, store and launder the proceeds of illegal activity. Budovsky […]

Family Paid us$20.000 For Ryan’s Release

Family Paid us$20.000 For Ryan’s Release

QCOSTARICA – The family Ryan Piercy, gone missing a month ago, paid out US$20.000 for his release, although the initial demand had been US$500.000 ransom. The money was deposited in an offshore account and not in Bitcoin, as had previously been asked by the captors. The information was confirmed by the head of the Organismo […]