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Open Bitcoin ATM

Open Bitcoin ATM

This Open Bitcoin ATM might be a simply way to distribute Bitcoin in establishments that want to use it for sales. Just make sure no one walks away with the big box of cash.

“Open Bitcoin ATM is the worlds first open-source automated teller machine for education and experimentation.

Want to make one? Here’s a step by step tutorial. It takes about 7 – 10 hours to build with simple tools. Cost of components are less than $500 new but used parts can be purchased for even less on eBay.”

See the project Here

iPhone 6 parts surface on Twitter

iPhone 6 parts surface on Twitter, hint at a larger screen on the way (update: likely fake)

Lately it seems like Apple can’t build anything without a few prototype cases leaking into public view, and now we’re seeing pictures of what could be the next iPhone. Posted by a Twitter user earlier today and addressed to several Apple-focused websites, the “iPhone 6” shells look very close to current models, but are thinner and have space for a larger edge to edge-style display, which has been rumored before. Sonny Dickson, who has previously obtained iPhone and iPad parts prior to the launch of new devices, has also apparently received the same pictures and tells MacRumors they came from a source in China. Based on the ports, MacRumors says the parts here are 2.6-inches wide, compared to the iPhone 5s which is 2.31 inches. Are these pics the real thing, and if they are, do they represent what we’ll likely see from Apple later this year? Without any details to back them up we can’t be sure, but you can check out a few more pictures for yourself after the break.

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Bitcoin ATMs Coming to the U.S.

 Bitcoin ATMs Coming to the U.S. BY Will Yakowicz

Austin and Seattle will get the first machines later this month, making it easier for consumers to use the virtual currency and benefiting companies that accept it.
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Bitcoin automated teller machiness will soon become available in the U.S., potentially increasing the customer base for businesses that accept the digital currency.

Robocoin, a Las Vegas-based startup, announced on Tuesday that it will install the first ATMs in the U.S. in Seattle and Austin by the end of February–eroding a major barrier to the virtual currency’s mainstream adoption.

The company installed the first two Bitcoin ATMs in the world last year in Vancouver and London. It plans to install additional machines this month in Asia, Canada, and, Europe, Reuters reports.

According to the wire service, the kiosks are similar to conventional cash ATMs, but instead of reading debit cards the machines scan government-issued identification cards like driver’s licenses or passports to confirm users’ identities.

Users will be able to exchange Bitcoin for cash, as well as to deposit cash to buy Bitcoin. To transfer and hold funds, users need to have a virtual wallet on their smartphone.

It’s still difficult for the average user to buy, sell, and use Bitcoin. But as startups race to make the virtual currency easier to use and popular e-commerce sites like Overstock.com–which has recorded $1 million in Bitcoin sales–start accepting it, wide adoption may be within sight.

Scott Robinson, the founder of the Sunnyvale, California-based Plug and Play Bitcoin Accelerator, says the Bitcoin ecosystem today is in a similar state to the Internet’s infrastructure when it was being built two decades ago.

“In more than one way, this is entirely paralleled to the Internet in the 1990s,” Robinson says. “If you can, remember how hard it was to just connect to the Internet in 1993: Set up an Internet provider account, buy a dial-up modem, download a browser, use the browser to find a search engine, or go straight to AOL’s homepage.”

The news of Bitcoin ATMs in the U.S. comes after a hectic period for the virtual currency, with one of the largest exchanges, Mt. Gox, freezing withdrawals due to a security breach. The price of Bitcoin plummeted from nearly $850 early in February to less than $580 on February 14. As of Tuesday morning, Bitcoin is hovering around $620.

BY Will Yakowicz

Bitcoin heist going down right now, and you can watch in real-time

Bitcoin heist going down right now, and you can watch in real-time

Bitcoin marketplace and ‘the eBay of drugs’ The Silk Road was taken down by the FBI. Just after the black vans took Silk Road head honcho [Dread Pirate Robberts] away, a new Bitcoin marketplace came onto the scene called Sheep Marketplace. Sheep Marketplace closed after revealing that 5400 bitcoins – or $5.8 million USD were stolen by the user EBOOK101 by exploiting a bug in the Sheep site.

Over this last weekend, it was revealed this bug in the Sheep Marketplace site wasn’t responsible for the loss of 5,400 coins, but instead 96,000 BTC, or $100 million USD, making this one of the largest thefts of all time.

Whoever was responsible for this theft didn’t make a clean getaway. Because the Bitcoin block chain records the history of every transaction, laundering bitcoins is harder than it seems. The most common method is to ‘tumble’ the bitcoins – sending them through multiple wallets, combining and recombining them, until tracking groups of bitcoins just becomes too hard.