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The price of bitcoin on the CoinDesk USD Bitcoin Price Index (BPI) fell below $400 for the first time since November 2013 on 10th April, as major China-based bitcoin exchanges began reporting that they had received notice that their bank accounts would be shut down by banking partners.The initial drop occurred following an announcement from Chinese exchange BTCTrade.com, which was then corroborated by similar statements from Huobi and BTC100.org.china, price, banThe price of bitcoin has fallen rapidly in recent weeks, after rumors surfaced on 27th March that suggested the PBOC, China’s central bank, would be looking to more tightly enforce restrictions it passed in December meant to ensure a separation between its nationalized banking system and the nascent digital currency industry.Though no official announcement of the new policy has been made, the statements from major exchanges suggest that the rumored 15th April deadline for the enforcement of this stricter rule interpretation is being enforced.USD markets plunge 13%As illustrated by the USD BPI, the sell-off began at approximately 1:00 UTC on 10th April.The price fell from $440 to $410 within a few hours of BTCTrade.com’s initial announcement, before fluctuating between $407 and $412.At 15:00 UTC, the price began to fall precipitously, tumbling from $406 to $389 by 15:15 UTC. Two hours later the price briefly climbed above $400 before sliding into the $390 range.At press time, the price of 1 BTC on the USD BPI was $381.CNY markets down 11.4%Chinese markets reacted quickly to the news from domestic exchanges.According to the CoinDesk CNY BPI, the price slipped from ¥2,726 to ¥2,490 within five hours of the announcement.Screen Shot 2014-04-10 at 6.24.31 PMAfter reaching a then-low of ¥2,248, the price fluctuated over the next 10 hours, peaking at ¥2,531 at 8:30 UTC. The price began to fall at approximately 14:30 UTC, slipping from ¥2,508 to ¥2,424 over the next 45 minutes.At press time, the price of one bitcoin on the CNY BPI was ¥2425.Images via CoinDeskChinaCoinDesk bitcoin price indexexchangeprices
Original author: Stan Higgins

mt. gox, exchange
A group of investors has offered to buy bankrupt Japan-based bitcoin exchange Mt. Gox, as part of a bid that will require the approval of its Japanese bankruptcy court.The investors are offering to pay 1 BTC for the troubled exchange, an amount which, at press time was worth $383, according to the CoinDesk Bitcoin Price Index (USD BPI).The Wall Street Journal reported that the investor group would assume all of Mt. Gox’s liabilities and obligations.In documents submitted to the Japanese bankruptcy court, the group reportedly outlined plans to resuscitate Mt. Gox, which included proposals for customers who hold outstanding claims against the exchange.Jumpstarting Mt. GoxThe single-bitcoin valuation is based on the premise that the true value of Mt. Gox is difficult to determine.Wrote the Journal:“According to people familiar with the plan, the group is justifying the low price because of the ‘information vacuum’ over Mt. Gox’s 550,000 missing bitcoins, currently worth about $220 million. It isn’t possible to place a value on the lost coins, they said.”Creditors will have two options. They can either receive a prorated amount from the 200,000 bitcoins recovered by Mt. Gox equal to roughly 20 percent of their claim, or obtain an equity stake of that amount in the revitalized Mt. Gox exchange.The investor group pledged to set aside 50% of transaction fees to pay back creditors over time.Diverse group seeks ownershipThe investor group behind the bid includes venture capitalist Brock Pierce, founder of a number of bitcoin-related businesses including KnCMiner and GoCoin, and the creator of a prominent bitcoin syndicate.Other members of the group include John Betts, a former Morgan Stanley and Goldamn Sachs executive who would serve as the new Mt. Gox CEO, and William Quigley, managing director for Clearstone Venture Partners, a VC fund based in Santa Monica, California.Image credit: Bid proposal via Shutterstockclass actionexchangelawMt. Gox
Original author: Stan Higgins

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Boost VC, the first startup accelerator to accept bitcoin companies in Silicon Valley, will host a bitcoin hackathon to run from 25-27th April.The event will be held at the Boost offices in San Mateo with enough space for 100 participants.Ross McKelvie, the lead engineer for Boost, told CoinDesk that the organisation is looking for next-generation bitcoin companies to form out of the weekend session.Said McKelvie:“We’re looking to find the next bitcoin ideas that take it to the next stage.”Boost has committed to funding 100 bitcoin startups within the next three years. Hosting a bitcoin hackathon is a way for the organisation to help encourage new business ideas within the digital currency industry.Entrance fee and prizesAs fitting for a bitcoin-based event, Boost will charge an entrance fee equivalent to $25 in BTC.The point is to keep entrants committed to the hackathon, and to get bitcoin circulating as a method of payment, according to McKelvie:“Along with the companies we’re building and launching here at Boost, bitcoin should be used more as a currency instead of an investment.”The hackathon is sponsored by Coinbase, snapCard, Vaurum, Coincove and CrowdCurity. The prizes are 5 BTC for first place, 2 BTC for second and 1 BTC for third.Pitches and judging will take place at 3:30 PM on Sunday, April 27. Boost VC's office space in downtown San Mateo. Source: 7ShiftsBoost VC’s office space in downtown San Mateo. Source: 7ShiftsVeteran bitcoin entrepreneurs and VCs will be on hand at the hackathon to serve as judges and mentors for the event.Startup ideas are graded on a point system with a 100-point scale. Points will be awarded for a startup’s idea (25 points), business plan (25 points) and product (50 points).Bitcoin ideasBoost is looking for ideas that can incorporate bitcoin in any way. But, that’s the only stipulation.McKelvie explained:“We’re not requiring anything other than that [the idea] incorporates bitcoins.”To better illustrate, he cited companies like CrowdCurity, which focuses on crowdsourcing IT security yet uses bitcoin to provide incentives for researchers to find vulnerabilities in websites, and Arbiter, which facilitates in-game app payments via bitcoin, as examples of startup ideas that would make the cut.“I would look at what bitcoin is and see how I could apply it to different fields.”Using just the block chain to build something is an idea that McKelvie said was interesting. But, the fact that there are already a lot of bitcoin companies with APIs gives developers a lot of options to plug into.Said McKelvie:“Pretty much every single exchange is going to have an API for you to work with. And most companies that offer software as a service have an API.”Hackathons build bitcoin businessesHackathons are a good way to quickly prove an idea could work, as it needs to be completed in a short time frame.The NYC Bitcoin Center hosted a hackathon a few months back that produced some interesting ideas in bitcoin mining and hardware, while Coinbase recently ran an online-only BitHack to encourage global developers to uncover interesting ways to use the company’s API.That competition resulted in Coinbase Apps, a marketplace that shows off software from various developers using Coinbase’s platform in novel ways.McKelvie, who is also Boost VC’s lead engineer, believes that this hackathon will attract software development talent in the San Francisco Bay area to build some good bitcoin business ideas.“I think there are a large amount of bitcoin people in Silicon Valley that would love to meet up and work on a project together. They could meet some other people, and potentially start a business.”There is a registration form available for interested participants. There is also a refer-a-friend discount available for those who register.Software developer image via ShutterstockArbiterBoost VCCoinbaseCoincoveCrowdcurityhackathonRoss McKelvieSnapCardVaurum
Original author: Daniel Cawrey

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Nearly 6 million malware attacks were launched against bitcoin wallet users in 2013, according to a new report released by cybersecurity firm Kapersky Labs.Entitled “Financial Cyberthreats in 2013″, Kapersky’s report looked more broadly at a range of cyberattacks – from phishing to mobile malware, but put a special emphasis on examining how digital currency wallet users are being targeted by criminals online.Perhaps most notably, Kapersky found that 1 million wallet owners fell victim to a malware attack in 2013, up from less than 600,000 in 2012. Attacks on digital currency wallets constituted roughly 20% of all attacks that involved financial malware last year.Read the report:“Among all finance-related malware, tools associated with bitcoin demonstrated the most dynamic development.”The full, 35-page report provided additional information on malware that targets wallet data, as well as programs that secretly upload mining software to the victim’s computer.The report draws on information collected from Kapersky’s global security infrastructure.Attack figures rise with bitcoin’s priceThe number of wallet attacks in 2013 rose significantly compared to 2012 levels, when according to Kapersky, less than 2 million such attacks were detected. This figure includes all observed attacks, including those that were not successful.Kapersky reported a more modest increase in the amount of malware attacks that uploaded mining software to affected computers, rising from roughly 500,000 in 2012 to more than 2 million in 2013.Almost 800,000 users suffered a mining software-related attack in 2013, compared to less than 200,000 the year before. Overall, mining attacks accounted for 8.9% of all attacks.The report noted that beginning in October 2013, the number of detected mining malware attacks fell while the number of wallet-targeting programs started to climb. It said:“This could be the result of the above-mentioned idiosyncrasy of the Bitcoin system, where the more ‘coins’ that are generated, the more difficult it is to generate new ones. This could also drive malicious users to focus on searching for and stealing bitcoin wallets holding already-generated cryptocurrency.”Attacks on wallets began to rise sharply in September 2012, according to the data. During 2013, the number of attacks peaked in August 2013, with additional periods of heightened activity during April and November-December of that year.This finding suggests that the number of attacks increased with the price of bitcoin, as prices hit new highs during both these periods.Malware’s growing threatMalware that targets both wallets and home computers used by miners poses an increasingly serious threat to the digital currency ecosystem.Earlier this year, Dell SecureWorks identified 146 types of bitcoin malware currenty circulating on the internet. Due to the risk, some have turned to paper wallets as a way to securely store their bitcoins.Two apps previously available on Google Play were identified by a cybersecurity team which turned affected Android devices into litecoin and dogecoin miners. Further, in late March, Symantec noted an increase in the number of mining malware attacks which targeted Linux-based computers.Image credit: Computer virus via Shutterstockmalwaremining malwarewallet
Original author: Stan Higgins

This is Part One of a three-part series aimed at learning more about the merchants who accept bitcoin and support the wider digital currency ecosystem.The results are based on a survey issued on 17th March that received more than 200 responses.merchantFrom Californian wineries to bars in Beijing, 2013 was widely considered a banner year for bitcoin, as business owners around the world began to take advantage of the technology to cut costs and woo new and influential consumers.Unsurprisingly, expectations were high for 2014, and so far, it’s delivered with major brands such as Lord & Taylor, Overstock and TigerDirect following the lead of early adopters to accept bitcoin for payment.Still, while merchant adoption of bitcoin and other digital currencies is on the rise, less is known about these new additions to the digital currency ecosystem as a demographic – why they accept bitcoin, how they do so and whether they consider their experience with bitcoin to be positive.In Part One of this series, we’ll seek to better define the merchants who are operating in the space to paint a picture of this influential sector of the expanding ecosystem.51% began accepting bitcoin in the last three monthsIn total, 51.8% of respondents reported that they began accepting bitcoin within the last three months. Nearly one-fifth (17.8%) reported adding bitcoin as a payment option within 30 days prior to the survey.Still, there were a sizeable number of merchants who have long supported bitcoin. Roughly one-third (29.2%) of respondents have been accepting bitcoin for six months or more, with 12.5% reporting that they’ve been accepting the currency for over one year. Despite fears that the recent decline in the price of bitcoin would turn merchants away from the volatile ecosystem, the survey suggests that its negative attention may have actually bolstered interest in bitcoin.71% are online merchants; 88% own bitcoinThe survey found that digital currency-accepting merchants are overwhelming online-only retailers, with these type of businesses representing 71% of respondents. An additional 29% of respondents described themselves as bricks-and-mortar stores.While it may not be surprising that the digital payment method has been most widely used online, the margin is notable, as online merchants outnumber physical retailers nearly two to one.Furthermore, the vast majority of merchants who accept bitcoin also reported that they own or owned bitcoin, with 88% saying that they have done so.Just 12% of merchants who accept bitcoin said they have never owned bitcoin.59% accept bitcoin to boost the ecosystemPerhaps most surprising, was that despite the many benefits bitcoin can bring to businesses in terms of savings, only 8.2% began accepting bitcoin to save money, and just 8.2% were encouraged to do so by their customers.The majority of merchants (59%) say they began accepting bitcoin to show their support for digital currency. Still, the results lend credence to those who have accused some companies of trying to take advantage of bitcoin’s popularity. Nearly one-fourth (24.2%) said that the main reason they began accepting bitcoin was that it was a marketing opportunity.Part Two of our three-part series will analyze how merchants are accepting bitcoin and look at the results they’ve seen from participating in the ecosystem.Image credit: Merchant via Shutterstock

Merchant surveymerchantspublic opinionsurvey

Original author: Pete Rizzo

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These days, everyone wants to add new features to the bitcoin block chain, but now one team thinks that it’s found a way to do it responsibly – by creating “side chains” that can interact with bitcoin.The process, known as ‘two-way pegging’, has some hefty backing. It is supported by Adam Back, the developer of the HashCash, the algorithm bitcoin uses to generate and verify currency.On the business side, it has Austin Hill, a Canadian entrepreneur and angel investor who in 1997 founded Zero-Knowledge Systems, an anonymous networking and privacy technology company. Hill, who raised more than $80m for the endeavor, likes to say it was Tor, before Tor was invented.Block chain 2.0Clearly, the money and the technical know-how are there. So, how will it work?“Once adopted, people could try out speculative and innovative changes, while enjoying the network effect of bitcoin's substantial adoption.”There have been two different approaches to expanding bitcoin’s functionality in the past. One has been to introduce new features that piggyback on it, using the bitcoin block chain’s existing resources. Counterparty is one example of this, and Mastercoin is another.The other is to just create whole new frameworks for next-generation cryptocurrencies outside of bitcoin. Examples of these are NXT and the still-unlaunched Ethereum proposal.The problem with completely separate altcoins and frameworks, says Hill, is that they they are not interoperable. They create new “races for scarcity”, with each one representing a new asset in short supply.But, there are several problems with bitcoin, too, says Hill, which is why exchanges like Coinbase generally run their own transactions outside the block chain.Hill told CoinDesk: “There is a practical reason why some of those things can’t operate on the block chain, and that’s because at peak, they’re doing more transactions than bitcoin can support right now.”Instead, Back and Hill want to ‘shard’ the block chain, creating another block chain, which has a two-way relationship with bitcoin’s own.This will have two major benefits, Hill suggests: functionality, and scalability.“We could have US and Canadian dollars, smart derivatives, option shares, and future contracts. A whole series of programmable trust instruments. A lot of people had talked about these things, and how the block chain could be adapted for this, but I hadn’t seen anyone lay out how it would come to pass.”And secondly: “By sharding, you can have orders of magnitude faster transaction processing and you can start to scale bitcoin.”Two-way peggingIn October, Back had proposed a concept called one-way pegging, in which bitcoins could be ‘moved’ from the bitcoin block chain to another block chain called a side chain, that was merge-mined with bitcoin. Bitcoins would be marked in the bitcoin block chain as having been transferred. Another coin in the new block chain would be marked as a representation of the transferred bitcoin.Then last year, bitcoin core developer Greg Maxwell figured out a method for two-way pegging, in which bitcoins could be moved back and forth between the side chain and the block chain.This would allow them to be transferred at will, so that the bitcoin network wouldn’t lose its bitcoins forever when they were transferred, but could get them back if the owner decided to transfer them back into the bitcoin block chain.Bitcoin would be ‘firewalled’ from the side chain, meaning that any security issues that arose in a side chain wouldn’t affect people who were only involved in the bitcoin block chain.This opens up some interesting possibilities, says Back:“You can have multiple competing side chains that compete at the bitcoin level. Perhaps one that’s optimised for micropayments. You could move bitcoins into the micropayments sidechain, and then back again and then into the smart contract sidechain.”The advantage here is that, unlike altcoins, they would all be interoperable, with the bitcoin block chain (or, as he calls it, the “main chain”, used as a common point of transfer.ThroughputSo, that takes care of functionality. But what about throughput? The current transaction rate on the bitcoin network is relatively low, at something under seven-to-nine transactions per second, which is why all of those off-chain transactions happen, in exchanges and elsewhere.The downside of that is that they become difficult (but not impossible) to audit in any publicly visible way.Says Hill: “You are still having to extend and move your coins off the block chain into a trust me security model. That has led to huge amounts of theft.”So, that’s the proposal. What do core developers think?“In particular the notion that a different chain might be designed to natively support things like smart contracts is funny, given that Bitcoin already supports them,” argues Mike Hearn, the brains behind BitcoinJ, and a core developer since bitcoin began (he spoke about them as early as 2012, arguing that all the pieces of the puzzle were in place).The recent introduction of 40 extra bytes into bitcoin transactions for arbitrary messages (such as those associated with smart property or smart contracts) supports that view, although third parties have asked for more space.Hearn also doesn’t think that alternative side chains can solve the scalability problem, which in any case is solvable purely within the bitcoin network, he argues.“It’s not as if there’s some impossible limit beyond which Bitcoin can’t go,” he protests, pointing to the Bitcoin Wiki’s scalability page, which breaks down how much further we can push the network.“With some fairly straightforward software improvements, bitcoin should be able to handle tens of thousands of transactions per second or more. To quote Satoshi, ‘it never really hits a scale ceiling’,” he says.Gregory Maxwell, who first proposed two-way pegging, says that it could provide some relief for bitcoin, though:“I don’t think this will remove the need to increase bitcoin’s throughput entirely, but if the technology matures fast enough it may allow for a more conservative approach that increases size only when its very clearly safe to do so.”Bitcoin core developer Jeff Garzik argues that off-chain transactions are an enabler, not a problem.“In the real world, millions of USD transactions happen every day that are not directly or immediately reported to a bank or governmental authority.”Garzik describes himself as a fan of off-chain transactions and points to his own side project, payment channels, as an example of setting up high-volume transactions with other systems outside the bitcoin network.ApprovalSo, some experts believe that two-way pegging could provide some useful respite for bitcoin from a scalability perspective, if side chains were able to connect with audit-able, fraud-proof private chains designed for high throughput. Those side chains could also be many and varied, each designed with their own specific properties for tasks like microtransactions and derivatives, say.But, for two-way pegging to work, changes have to be made to the Bitcoin protocol. Will Back and Hill’s venture be accepted by the bitcoin open source community?Said Garzik:“One thing open source developers try to avoid is pre-approval based on some future supposition.  We have no idea what the future will bring, any more than anyone else.Once a concrete proposal appears in a pull request, then we can give a reasonable comment based on engineering evaluation.”If the changes necessary to allow bitcoin to talk to other side chains are made, then it could relieve the bitcoin developer community of requests to tweak the blockchain to suit third-party purposes.Maxwell calls it the one change to rule them all.“Once adopted, people could try out speculative and innovative changes, while enjoying the network effect of bitcoin’s substantial adoption, without having to go ask anyone— not developers, not the community— for permission.”Hill and Back, who claim to have some core developers supporting their venture, plan to announce the full details – and its official name – by mid-May.Chains image via Shutterstockblock chainsmart contracts
Original author: Danny Bradbury

Hood flyer
The digital currency dogecoin has become popular for its use in tipping on reddit and its community’s willingness to contribute to worthy causes.Now, however, an anonymous character known only as ‘Hood’ is highlighting the altruistic side of the dogecoin community even further by giving away thousands of dollars-worth of the altcoin to address social injustice.In one tweet, he (if indeed Hood is a he) said:An upcoming project to help those that can no longer afford rent in a city they call home. http://t.co/xTlPFc0hVv— Hood (@savethemhood) March 25, 2014Hood, whose Twitter slogan is “I dabble in street art and cryptocurrency. Question everything”, has been posting Banksy-style flyers around San Francisco, California, complete with pull-off tabs printed with a QR code that links to a dogecoin tip. Anyone can take one and, using a digital wallet on a cell phone or computer, receive the funds.Hood flyerTipping for changeIn addition to his flyer campaign, Hood is making significant online dogecoin donations to influential and presumably well-off people – such as actor Ashton Kutcher, New York Times journalist Nick Bilton, and television host Jimmy Fallon – and announcing the tips on Twitter.However, the tips are not destined to stay with the recipients, but are to be passed on to people more in need:Today I tip the influential, those that understand technology, those that can help distribute to the poor.— Hood (@savethemhood) April 9, 2014 Ben Doernberg of the Dogecoin Foundation told CoinDesk:“Hood is using his dogecoin to help the poor while making an artistic statement. The beauty of a decentralized currency is that he can spend it how he wants, and I hope others use it as inspiration for their own good deeds.”Judgement callHood’s is an interesting campaign – giving money to notable citizens for redistribution to the needy and raising awareness in the process – but what’s to stop people from just keeping the money?It seems Hood is just trusting that his judgement is correct when he tips someone. Many tweets follow the formula:@tipdoge tip @gaberivera 2000000 doge – I ask that you give to your followers in need. Those that can’t afford housing or food.— Hood (@savethemhood) April 9, 2014 Said Doernberg:“I saw at least one of the wealthy people he tipped yesterday – @jason has already committed to donate his tip to the homeless, and I hope the rest follow suit.”He added that so far, Hood has donated around $20,000, or 45 million DOGE, as part of his campaign.Giving with cryptocurrenciesOne of the advantages of digital currencies is that they can be transferred across the world almost instantly and at almost no cost, which makes them ideal for use in making charitable donations or to provide funds for relief aid.The dogecoin community has notably raised funds for Indian and Jamaican athletes to attend the Winter Olympics in Sochi, as well as a well-building project in a drought-hit region of Kenya.While bitcoiners are less known for charity giving, Sean’s Outpost, founded by Jason King, is a homeless outreach project that is funded by bitcoin donations.Furthermore, after Japanese-American Dorian Satoshi Nakamoto was, possibly falsely, ‘outed’ as the founder of bitcoin by Newsweek, an online campaign raised over $20,000 in bitcoin to support him.The tragic mudslide in Washington State recently also saw 13 bitcoins raised via the sympathetic reddit community to help victims and their families.This story was first reported on Business Insider.Ben Doernbergcharitydogecointipping
Original author: Dan Palmer

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In an interview on CNBC’s popular morning program ‘Squawk Box’, Legg Mason’s Bill Miller dismissed Warren Buffett’s statements on bitcoin as flawed.The former Legg Mason CFA, chairman and CIO, and current portfolio manager for the Legg Mason Capital Management Trust reiterated his support for bitcoin, directly addressing the legendary investor’s opinions on the subject in the process.Buffett has been outspoken in his views about bitcoin as an investment, calling its value a ‘mirage’ and urging investors to ‘stay away’ from the digital currency, though his statements have suggested he sees value in bitcoin’s underlying technology.In contrast, Miller has been open about owning bitcoin and what he sees as its potential to maintain and grow its value long-term.Now, guest host @billmiller_lmm tells us why he’s bullish on #bitcoin #thelastword— Squawk Box (@SquawkCNBC) April 10, 2014Overall, Miller was respectful when disagreeing with Buffett, though he suggested that the investor’s thinking on the matter was misguided, stating:“I have enormous regard for Warren, but I think there’s a logical flaw in his thinking here. It may very well be the case that bitcoin is worth nothing, but I think it’s a really interesting intellectual and technological experiment.”Miller’s support is also notable considering that he has actually lost money investing in bitcoin, as he reported that his BTC holdings have declined 20% to date.— Squawk Box (@SquawkCNBC) April 10, 2014 Bitcoin is not a checkIn his 14th March interview on CNBC, Buffett compared bitcoin to checks or money orders, arguing that since its primary value was as a payment system, the idea that it could be a worthwhile investment was incorrect.However, notably, Miller took direct aim at these statements on CNBC:“[Checks] have no value because they are infinitely creatable. There are 12m bitcoins out there and there will [only ever] be 21m. If there were 21m checks in the world and that was all there were, and all transactions went through checks, checks would be very, very valuable.”Still, Miller agreed with Buffett on his point that the main benefit of bitcoin was its use as a payment system.“I think he had it exactly right in that its main value, potentially, is as a payment system. [It's] potentially disruptive as you can send it anonymously, you can send it without paying the interchange fees and that kind of thing.”Bitcoin will be the lasting digital currencyMiller also weighed in on the subject of whether bitcoin could face competition from any of its available alternatives, citing the popular theory of path dependance, which attempts to explain why the first-to-market solution is often the one that becomes most widely used.Miller listed historical examples of this phenomenon, noting that the most efficient or best ideas don’t always win out. Specifically, he cited the fact that “beta was better than VHS”, and that “the QWERTY keyboard was not the most efficient way to type”.Explained Miller:“Once you reach a certain state, it becomes very difficult to dislodge that. I think bitcoin has probably won that, less so cryptocurrencies.”Miller also weighed in on why bitcoin is a preferable investment to gold.You can buy things with #bitcoin, you can’t buy anything with gold these days -@billmiller_lmm to @CNBC— Squawk Box (@SquawkCNBC) April 10, 2014About MillerMiller has achieved notable successes during his lengthy career at Legg Mason, most recently when overseeing the Legg Mason Opportunity Trust, a fund that focuses on assets with large gaps between price and intrinsic value.In 2013, the fund was number one in The Wall Street Journal‘s ranking of diversified US-stock mutual funds with more than $50m in assets for three straight quarters, according to MarketWatch.Historically, Miller’s track record has also been impressive. From 1991 to 2005, the Legg Mason Capital Management Value Trust, which Miller co-managed, achieved the unlikely feat of beating the S&P 500 Index for 15 straight years.Image via CNBCbill millerinvestingWarren Buffett
Original author: Pete Rizzo
  1. Lawyers Want Bitcoin Money Laundering Charges Dropped on Technicality
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  3. Canadian Senate Meets Bitcoin Community in Fact-Finding Session
  4. Bitcoin Price Drops 10% as Chinese Exchanges Stop Bank Deposits

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