Trendon Shavers stories at Techdirt.

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Shavers claimed to have created a bitcoin-based arbitrage system, the Bitcoin Savings and Trust (BTCST), and promised investors 7% interest per week on their BTC loans. Instead, the BTCST was a classic Ponzi scheme, using new investments to pay out the “interest payments” of earlier investors, cashing out millions to himself in the process. All told, Shavers duped investors out of 700,000 ... One of the most famous cases in the short history of Bitcoin has finally been decided in court. An American judge sentenced Trendon Shavers – best known as ‘pirateat40’ -, to pay a combined $40.7 million for running a Ponzi scheme.. Shavers was the owner of Bitcoin Savings and Trust, a company that sold investments using BTC and was investigated by the Securities and Exchange Commission ... In 2016, Shavers was sentenced to 18 months in prison. According to New York prosecutors, Shavers had obtained a total of about 146,000 BTC through his fraudulent activities. April 2013: - 73.3%. In 2013, Bitcoin had started gaining significant traction in mainstream media, and new investors were flocking onto the market. Bitcoin was on a tear ... Trendon T. Shavers is the name of the man recently charged by the US Securities and Exchange Commission (SEC) for allegedly running a Bitcoin-related Ponzi scheme.However, the Bitcoin world knows him better as the famous ‘pirateat40’. The founder and main operator of Bitcoin Savings and Trust (BTCST) offered and sold Bitcoin-denominated investments through the platform, collecting a true ... Promising consistent weekly “interest” returns of 7% to its creditors, Trendon T. Shavers (known on BitcoinTalk as Pirateat40) manages the secretive operation for about eight months, accepting only large deposits of bitcoin (50+ BTC) and paying out “interest” weekly. On August 17, 2012, Pirateat40 announces a halt to the operation, and ...

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How to mine $1,000,000 of Bitcoin using just a laptop ...

Mining Bitcoin is as easy as installing the mining software on the PC you already own and clicking start. Anyone can do this and see the money start rolling ... The virtual goldrush to mine Bitcoin and other cryptocurrencies leads us to Central Washington state where a Bitcoin mine generates roughly $70,000 a day min... is your premier source for everything Bitcoin related. We help you buy, use, and store your Bitcoin securely. You can read the latest news. We also provide helpful tools and real-time ... Time Series Analysis Measurement of Secular Trend Moving Average Method: ... But how does bitcoin actually work? - Duration: 26:21. 3Blue1Brown Recommended for you. 26:21. Excel - Time Series ... SUBSCRIBE FOR MORE HOW MUCH - Nviddia GTX 1080 Ti - 6X GPU Mining Rig Case -