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Bitcoin May Come To Ebay As Platform Drops Paypal As Main Payment Option

Bitcoin May Come To Ebay As Platform Drops Paypal As Main Payment Option

Bitcoin May Come to eBay as Platform Drops PayPal as Main Payment Option For as long as people can remember, there has been a tight relationship between eBay and PayPal. In virtually every case, PayPal is a requiredoption for anyone looking to sell items on the global auction site. That situation will come to change in the near future, as eBay has announcedits plan to ditch PayPal asits main payment option. It is a rather surprising turn of events, albeit one thatcould be quite positive for both companies. It is evident that limiting a global auction site to one main payment method and two or three optional solutions is a bit problematic. Especially in this era of digital payments and competing financial services, there is no reason foreBayto tie its fate to PayPal whatsoever. Even though theplatform has made a big impact outside of the online auction industry as well, its still something whichcouldhold eBay back in terms of its global appeal. The number of current payment options on eBay is somewhat limited. Sellers are almost forced to enablePayPal, even if they would preferto get paidvia a wire transfer or money order. This has always been a problem, asusers felt they never hada real say inthe matter. After many years of giving PayPal the benefit of the doubt, it seems both companies will finally go their separate ways. This news may even be a result of eBay spinning off PayPal as an independent brand a while ago. With this change looming on the horizon, there is a lot of speculation to contend with. Everyone wants to know if eBay will introduce another mandatory payment option. If so, there is no indication as to which solution that might be, as the company has not announced any candidates. We do know the company is looking to integrate a new payment system built b Continue reading >>

Ebay Data On Sale For Bitcoin Is Fake Says Online Retailer

Ebay Data On Sale For Bitcoin Is Fake Says Online Retailer

Ebay says that customer account information on sale online for 155 is fake. Ebay claims ads advertising stolen customer account information are fake, despite the contents being consistent with the hacked data. On Thursday, half a dozen separate ads appeared on text file sharing website Pastebin claiming to be selling copies of the 145 million customers' account information which was compromised in a major security breach reported earlier this week. The ads were offering the databased for sale for between 1.45 bitcoin which at today's exchange rate is between 155 and 450. Despite those selling the information providing a free sample from over 12,000 accounts, eBay has said "the published lists we have checked so far are not authentic eBay accounts." The sample available to download through Kim Dotcom's Mega file-sharing site does indeed contain over 12,000 separate entries which are properly formatted with a name, an encrypted password, email address, home address, phone number and date of birth. The names and address seem to come from the Asia-Pacific region and while the names do belong to real people, the information contained in the sample is not from eBay. Kenn White said he checked the first five and last five email addresses from the sample and all were already known to be compromised from previous security breaches. Warning to all eBay customers on its website. However Trey Ford, global security strategist for Rapid7 told The Register: "During initial analysis of 12,663 of the records which have been provided as a free sample, we were able to find some matches between email prefixes and eBay profile name where people are using the same handle. "This doesn't necessarily mean these credentials are from the eBay attack it could be that people use the same handle ac Continue reading >>

Ebay Contemplates Accepting Bitcoin Payments | Pymnts.com

Ebay Contemplates Accepting Bitcoin Payments | Pymnts.com

Online retailer eBay , following in the footsteps of Overstock.com, is contemplating allowing bitcoin as a payment method. In an interview with Yahoo Finance , Scott Cutler, SVP of eBay Americas, said the eCommerce retailer is seriously considering accepting bitcoin payments but noted the company is not quite there yet. He noted that eBay is currently focused on the holiday shopping season, which is turning out to be a strong one for online retailers. While eBay isnt accepting bitcoin for purchases yet, Overstock has been for some time now, which has been a boon to its stock price. In August, Overstock announced a partnership with digital asset exchange company ShapeShift. Through their collaboration, any one of Overstocks customers has the option of making a purchase by using cryptocurrencies, including Ethereum, Litecoin, Dash and Bitcoin Cash. Overstock became the first major retailer to accept multiple forms of cryptocurrencies as payment. Yahoo Finance pointed out that the companys shares were up more than 250 percent in the past six months, as the bitcoin frenzy ensues unabated. With bitcoin trading above $17,000 after starting the year at $1,000, all sorts of people are suddenly interested in the cryptocurrency market from those who want to trade the tokens to those who want to make purchases with them. Overstocks shares received another boost after it announced it would launch a digital coin trading platform via its tZERO subsidiary, raising money via an initial coin offering (ICO). Earlier this week, CNBC reported news that Morgan Stanley Investment Management had acquired an 11.4 percent stake in Overstock. The Morgan Stanley unit said in a Securities and Exchange Commission (SEC) filing late last week that it now owns close to 2.87 million shares of Overstoc Continue reading >>

How I (almost) Made Millions In Bitcoin

How I (almost) Made Millions In Bitcoin

What to know about the crypto-craze before it implodes. Its a lazy Sunday morning away from my family, Im sitting in a hotel room in Montreal, and Ive got $160,000 in my pocket. Or, rather, my pocket. Im staying in the neighborhood known locally as the McGill Ghetto, thanks to its proximity to the citys famous university. My room is large with a kitchen and living area but not fancy. The money is tied up in cryptocurrency and Im not ready to cash out. With a few mouse clicks, I could liquidate my positions and transfer the proceeds (minus fees) into my bank account overnight. After paying capital gains tax, Id have six figures in legally earned legal tender. But heres the rub: Twenty-four hours earlier, my portfolio was worth less than $80,000. Overnight, one particular cryptocurrency a low-cap privacy coin called Verge caught fire with the Asian markets. By the same time tomorrow, that $80,000 might evaporate. Or it may double again. 6 People on How They Spent Their Bitcoin Fortunes Welcome to the wild world of cryptocurrency, an impossibly young global financial market that runs 24 hours a day, seven days a week. Especially in recent months, the media has become feverish over bitcoin, ethereum, and Initial Coin Offerings, as breathless reporters publish stories of college seniors turned millionaires thanks to tiny investments made during their freshman years. The reality is far less romantic. For every 1,000-times windfall, thousands more investments have gone south, wiping out trading accounts and nest eggs. As a bitcoin enthusiast since 2013 and casual crypto trader since 2015, Ive had my share of euphoric wins and heart-crushing losses. But Im also a grown man with a family I dont Google sports cars when Im ahead; my dreams involve 529 plans and down payments. And Continue reading >>

Security - Can Bitcoins Be Counterfeited? - Bitcoin Stack Exchange

Security - Can Bitcoins Be Counterfeited? - Bitcoin Stack Exchange

Traditional currencies have anti-counterfeiting features designed to make them hard to copy, but despite this attempt counterfeit money is a real threat. Since bitcoins are digital, it's trivial to copy them. Does this mean that bitcoins can be counterfeited? @Lohoris No question is too basic for an SE site. We want to be reference material, we don't accomplish that goal by telling people to RTFM. Arda Xi Feb 15 '12 at 16:31 @ArdaXi: if someone didn't try some effort to solve his problem, then he shouldn't expect SE to solve it o0'. Feb 15 '12 at 17:08 @Lohoris I re-iterate. We want this site to be reference material. When someone has a basic question and searches for it on Google, we want to be the first result. How can we do that if we discourage simpler questions? Arda Xi Feb 15 '12 at 22:39 Upvoted to undo Lohori's unjustified downvote. This is an interesting question and certainly not too basic. imoatama Aug 9 '12 at 20:46 @Lohoris FWIW, reading Q&A on Stack Exchange is my way to be introduced to what bitcoin is and how it works. gerrit Mar 29 '13 at 11:54 There is no such thing as a "bitcoin" that can be copied. Rather, there is a list of all the transactions that have taken place on the bitcoin network and the order they have taken place. Every client has a copy of this list. Essentially, the only way to counterfeit bitcoins would be to spend them in more than one place. This is called a double-spend attack. However, because of the design of the bitcoin block chain (the list of all the transactions) and the way that list is secured by mining, this requires a tremendous amount of computer power. Just a slight correction--not every client has a copy of this list. The BitCoin network was designed from the beginning to allow for thin clients who don't download the w Continue reading >>

Scam On Ebay With Buying Bitcoins

Scam On Ebay With Buying Bitcoins

Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. I m a new seller on ebay and i sell bitcoins, the following occured on the first day, i sell 5 items and within 2 hours two different people open a claim on unauthorized use of their accounts after they received the bitcoins from me. Paypal takes the money on hold and start a 'investigation' so they call it. I uploaded all info i got from the buyer like bitcoinadress messages like thank you i received the bitcoins etc. After a few days first case get s closed and they took the money and give it back to the buyer which also has my bitcoins. So know im **bleep**, i started my own investigation and after a few minutes tracking the bitcoins where they went i found out both the different people send the bitcoins to the same adress so or they know each other and work together Paypal does nothing else then protecting the buyers (scammers) and just take my money and give me the responsibillty that someone else losses his passwords or gets hacked ' or just scams ' If you have the same thing happend to you please let me know i have a screen with over 15 payments from sellers to those two people maybe we can stand together to get our money back from paypal. And i hope someone can help me figuring out to prevend people from scamming me this way. There is no paypal seller protection on paypal for virtual items, you can sell them but entirely at your own risk. Why letting you sell them if there's no protection? I'll tell you why coz if they can make money on you with no responsibility what so ever it's awesome for them PayPal eBay have reckless behavior terrible customer service for sure it's going to get them out of business in the next decade this work with Amazon for few mon Continue reading >>

10 Physical Bitcoins: The Good, The Bad And The Ugly

10 Physical Bitcoins: The Good, The Bad And The Ugly

10 Physical Bitcoins: the Good, the Bad and the Ugly Sep 14, 2014 at 19:15 UTC|UpdatedSep 15, 2014 at 10:35 UTC Physical bitcoins have been around for years, but they are anything but mainstream and there are very few companies involved in this fledgling industry. Some try to appeal to consumers through quality and the use of precious metals, others offer good designs at relatively low prices, while some offer neither. The market for physical coins is limited and this is a niche for collectors and diehard enthusiasts. Rather than being truly practical, physical bitcoins are usually marketed as conversation pieces, limited series collectibles or 'geek gifts'. The limited size of the industry is a problem, as a number of firms have already gone out of business, while others never even started shipping their products. Many physical bitcoins are limited series affairs, so after a few hundred are produced and sold they simply vanishfrom the market. If beauty is in the eye of the beholder, then, while there are some truly spectacular designs, others may not impress most users. Fraud is another concern, as cases of fake coin sales on online auction sites have been reported in the past, so please exercise cautionand conductextensive research before placing an order. Below are 10 physical bitcoins on the market. We will start with a familiar face and a familiar coin: Mike Caldwell and his Casascius coin.Caldwell started minting his coins a couple of years ago, but late last year he was banned from selling pre-funded coins. The US Financial Crimes Enforcement Network (FinCEN) classified his activities as 'money transmitting' and Caldwell was forced to start selling empty coins. Sales resumed earlier this year and Casascius is currently listingthree coins, along with a gold-plate Continue reading >>

Bitcoin 2.0 Applications (amzn, Ebay)

Bitcoin 2.0 Applications (amzn, Ebay)

Bitcoin , the decentralized , peer-to-peer digital currency, has seen increasing attention and adoption over the past few years. While its growth is impressive, the technology underlying the system the blockchain and mining effort to confirm and validate transactions on the blockchain is potentially even more exciting and valuable than the currency. Bitcoin mining serves a dual purpose: it creates new bitcoins to increase the money supply and simultaneously secures and verifies the blockchain, which is a public ledger of every transaction. While this functionality serves to keep internal bitcoin-bitcoin transactions valid, it can also be used to confirm and validate external, non-bitcoin specific transactions. In other words, this enables the application of decentralized public ledgers for purposes other than digital currencies.These applications are referred to as Bitcoin 2.0 or sometimes more generally "crypto 2.0. In other instances, they are referred to as decentralized apps or dApps. The largest and most well-established dApp system is Ethereum , an open-ended platform for the development of decentralized applications that operates independently from bitcoin.(See also: What isBitcoinMining? ) Heres a short list of what some innovative and visionary companies are doing in this space, both through bitcoin's blockchain and their own. Companies such as IBM ( IBM ), Samsung, Overstock ( OSTK ), Amazon ( AMZN ) and Swiss investment bank UBS ( UBS ) are all exploring alternative and novel uses of the blockchain for their own purposes.These developments might just disrupt the way people do business in the future. (For more, see: How Will Bitcoin 2.0 Change the World .) Taking a company public is expensive. A syndicate of investment banks must work to underwrite the deal a Continue reading >>

The Rise And Fall Of Bitcoin

The Rise And Fall Of Bitcoin

"The more we divulge things we know about them, the more theyll shift and change." bit.ly/2z3j0X1 Author: Benjamin Wallace. Benjamin Wallace Magazine In November 1, 2008, a man named Satoshi Nakamoto posted a research paper to an obscure cryptography listserv describing his design for a new digital currency that he called bitcoin. None of the lists veterans had heard of him, and what little information could be gleaned was murky and contradictory. In an online profile, he said he lived in Japan. His email address was from a free German service. Google searches for his name turned up no relevant information; it was clearly a pseudonym. But while Nakamoto himself may have been a puzzle, his creation cracked a problem that had stumped cryptographers for decades. The idea of digital moneyconvenient and untraceable, liberated from the oversight of governments and bankshad been a hot topic since the birth of the Internet. Cypherpunks, the 1990s movement of libertarian cryptographers, dedicated themselves to the project. Yet every effort to create virtual cash had foundered. Ecash, an anonymous system launched in the early 1990s by cryptographer David Chaum, failed in part because it depended on the existing infrastructures of government and credit card companies. Other proposals followedbit gold, RPOW, b-moneybut none got off the ground. One of the core challenges of designing a digital currency involves something called the double-spending problem. If a digital dollar is just information, free from the corporeal strictures of paper and metal, whats to prevent people from copying and pasting it as easily as a chunk of text, spending it as many times as they want? The conventional answer involved using a central clearinghouse to keep a real-time ledger of all transactionsensu Continue reading >>

Ebay May Accept Bitcoin : Bitcoin

Ebay May Accept Bitcoin : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

Paypal Washes Its Hands Of Bitcoin Scam

Paypal Washes Its Hands Of Bitcoin Scam

An eBayer has lost 5,300 after he was conned out of his bitcoins. Now he is being chased for money he is said to owe A PayPal fraud involving bitcoin has lost Will Phillips money. Photograph: Graham Turner for the Guardian An eBayer has lost 5,300 after he was conned out of his bitcoins. Now he is being chased for money he is said to owe First published on Saturday 1 March 2014 02.00EST Will Phillips is 5,300 out of pocket after falling victim to a very 21st-century financial scam involving hacked PayPal accounts and the digital currency bitcoin. For the uninitiated, bitcoin is a "virtual currency" that, depending on who you believe, is going to change the world by turning e-commerce on its head, or end very messily like a modern-day version of the "tulip mania" that gripped the Netherlands in the 17th century. In recent months it has become a magnet for speculators and, last autumn, 32-year-old Phillips, who freely admits he is a "a bit of a geek," decided to grab a slice of the action. At the start of 2013, one bitcoin was worth around 7. At the end of November the price hit 750 while on Wednesday this week it was around 350. Within weeks, the bitcoins Phillips had bought for around 800 were worth many times that, so he decided to sell them on eBay . But now he has lost the lot, and says PayPal is threatening to send in debt collectors. What seems to have happened is, in the space of one night, fraudsters hacked into legitimate PayPal accounts and, posing as these people, bought his bitcoins on eBay and made off with them. This type of scam is not new, and usually PayPal comes down in favour of the individuals whose accounts were hacked. In this case, the account holders have had their money refunded. However, Phillips is now being pursued for more than 1,300 that Pa Continue reading >>

Physical Bitcoin: Coins & Paper Money | Ebay

Physical Bitcoin: Coins & Paper Money | Ebay

Bitcoin design, two sides. Color: Golden. Material: Gold Plated. Note: 1. USA SHIP Solid Bronze Metal Gold Plated Bitcoin Gold Plated Physical Bitcoin (BTC) Coin Collectible Gift. Beautiful Bitcoin gold plated art coin. This item is a commemorative collectible with no monetary value attached. Bitcoin design, two sides. Bitcoin design, two sides. 1 x Bitcoin Coin. Diameter: 38mm (reference one yuan coin diameter:25mm). Color: Golden. Material: Gold Plated Iron. Note: Due to the difference between different monitors, ... Each coin is encased in an acid-free archive quality polymer slab and labeled individually based on the coin type encased. Each slab also contains a tamper-evident holographic bitcoin sticker with uni... Bitcoin design, two sides. 1 x Bitcoin Coin. Material: Gold Plated Iron. Color: Gold. We are currently specialized in Womens and Kids Fashion. Our warehouse is located in Yiwu, the largest small com... 1 OZ Bitcoin 24 K. 999 Purity Plated Bitcoin BTC. Logo: Virtual Money Bitcoin. Included: 1 X Bitcoin. Material: Metal. If item is defective after 3 months, you can still send it back to us. We will se... Bitcoin design, two sides. 1 x Bitcoin Coin. Diameter: 38mm (reference one yuan coin diameter:25mm). Color: Golden. Material: Gold Plated Iron. Note: Due to the difference between different monitors, ... Bitcoin design, two sides. 1 x Bitcoin Coin. Material: Gold Plated Iron. Color: Gold. Due to the difference between different monitors, the picture may not reflect the actual color of the item. Also n... It is composed ofnickle with. 999 fine 24 karat. Every coin has their own. gold plating. These are not solid gold. Bitcoin design, two sides. Diameter: 38mm (reference one yuan coin diameter:25mm). Color: Golden. Material: Gold Plated Iron. Bitcoin design, Continue reading >>

Expert: Fake Ebay Customer List Is Bitcoin Bait

Expert: Fake Ebay Customer List Is Bitcoin Bait

Expert: Fake eBay Customer List is Bitcoin Bait In the wake of eBays disclosure that a breach may have exposed the personal data on tens of millions of users, several readers have written in to point out an advertisement that isoffering to sell the full leaked user database for 1.4 bitcoins (roughly USD $772 at todays exchange rates). The ad has even prompted some media outlets to pile on that the stolen eBay data is now for sale. But a cursory examination of the information suggests that it is almost certainly little more than a bid to separate the unwary from their funds. The advertisement, posted on Pastebin here , promises a full ebay user database dump with 145, 312, 663 unique records, for sale to anyone who sends 1.453 bitcoins to a specific bitcoin wallet. The ad includes a link to a supposed sample dump of some 12,663 users from the Asia-Pacific region. There is a surprisingly simple method for determining the validity of these types of offers. Most Web-based businesses allow one user or customer account per email address, and eBay is no exception here. I took a random sampling of five email addresses from the 12,663 users in that file, and tried registering new accounts with them. The outcome? Success on all five. For a sanity check on my results, I reached out to Allison Nixon, a threat researcher with Deloitte & Touche LLP (and one of the best sources Ive met for vetting and debunking these supposed leaks). Nixon did the same, and came away with identical results. A lot of this is inference finding out whether an account exists, Nixon said. Alot of the time if they generate fake leaks, theyre not doing it based on data from real accounts, because if they did then they might as well hack the real web site. eBay does maintain separate domains for different re Continue reading >>

Man's Life Savings Stolen From Hardware Wallet Supplied By A Reseller - Bitcoin News

Man's Life Savings Stolen From Hardware Wallet Supplied By A Reseller - Bitcoin News

Mans Life Savings Stolen from Hardware Wallet Supplied by a Reseller Hardware wallets are regarded as one of the safest means of storing bitcoin and other cryptocurrencies. Each device grants the holder possession of their private keys and adds a PIN code plus other tamer-proof tech for enhanced security. Hardware wallets are not impregnable, however, as one British man found to his peril after purchasing the device on Ebay. Also read: Cryptocurrency Valuations Have Created Very Wealthy Founders Redditor moodyrocket is coming to terms with having his life savings wiped out this week, after $34,000 of crypto was stolen from his newly acquired Nano Ledger hardware wallet. The device was compromised, not due to any flaws in its design, but thanks to a man in the middle attack that saw the reseller insert their own recovery seed. The buyer then unwittingly began using the wallet, unaware that the default seed they were using had not been randomly assigned by the manufacturer. He explained : I have not used my Ledger in a week, today I decide to check the value of my XRP, Litecoin and Dash only to discover that all of them showed up as zero and had been transferred somewhere else yesterday all around the same time at 7:30pm. I am not sure how this is possible as I have not access my Ledger in a week. The victim was initially confused as to how the attack could have been successfully pulled off, before eventually twigging that the Ebay seller must have tampered with the device. After sharing his story on Reddit, Ledger reached out to moodyrocket and encouraged him to report the crime to bring the eBay seller to justice. The fraudulent documentation that came with the wallet. The odds of the British-based victim getting his cryptocurrency back are remote, but his loss can at Continue reading >>

How A Scammer Stole 500$ From Me And In The End Begged Me Not To Tell His Parents

How A Scammer Stole 500$ From Me And In The End Begged Me Not To Tell His Parents

How a scammer stole 500$ from me and in the end begged me not to tell his parents Thank god not all scammers are professionals Posted by Christian Haschek on 2016-09-08 Since then I have repeatedly tried to use or sell them but since I'm not currently living in the US it wasn't possible for me. My last attempt to sell them was via reddit . I know there are a lot of scammers out there So I thought Bitcoin would be the right choice since the scammer can't just reclaim their money after I gave them the card codes. I talked a bit with a few potential buyers but some didn't respond after a time or didn't want to pay more than 50% of what the cards were worth. came via reddit. His usernames are changed for reasons you'll find out later.Since I had nothing to hide I gave them my real identity to build trust. Still selling the $500 Apple giftcard? Is it apple store or Itunes? I can do $380 BTC for it. Pm me back with info. Follow the first link "wrote a script that analyzed 443 open proxies" it goes to my blog Go to "About me" -> "my usernames on the web"If you are happy with the values you can send me the 0.6400BTC to the Address listed on my blog under every post: 1ChrisHMgr4DvEVXzAv1vamkviZNLPS7yxAfter confirmation I'll send you the PINs I am not interested in going first as I have done a good amount of trades in different sub reddits and I have over 150+ feedbacks on eBay. For all I know you can be someone who brought this reddit account (just a scenario). In either case I am not willing to go first and I have feedback to back me up. This didn't strike me as odd since everyone who has traded on the internet knows that scammers exist and I might be one of them. But I still wasn't convinced that he is a valid trader. He may have bought the ebay account, which I told him and Continue reading >>

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