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Shirley

Siluk

Shirley Siluk is a veteran journalist who has written extensively about internet technology, energy, science, politics and the economy. Among the publications Shirley has written and edited for are the Chicago Tribune, Greenbang, internet.com and Web Hosting Magazine. A graduate of Northwestern University, Shirley holds a bachelor of science degree in geological sciences. She lives in Florida with her son, Noah, and her dog, Zippy.

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CoinDesk - Unknown
Europe's Bitcoin-24 exchange shows new signs of life
Little by little, the German exchange Bitcoin-24 might be showing signs of coming back to life.
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World Bank forum weighs pros, cons of virtual currencies
A roundtable discussion at the World Bank on Friday brought together a small group of officials for a closed-to-the-public, "frank discussion" about virtual currencies.
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Open-source Blender Foundation now welcomes bitcoins
The Blender Foundation, which is behind the free and open-source 3D computer graphics program Blender, has joined the community of websites that accept bitcoin donations.
CoinDesk - Unknown
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BitInstant complaints flare up after beta site launch
BitInstant customers have been complaining loudly - and in large numbers - about slow orders and responses in recent days.
CoinDesk - Unknown
CoinDesk - Unknown
'Inside Bitcoins' conference accepts bitcoins
People who want to attend WebMediaBrands' Inside Bitcoins conference in New York City next month will have the option of paying their registration fees with bitcoins.
CoinDesk - Unknown
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Fertility doc helps couple conceive first-ever 'Bitcoin baby'
How gung-ho a Bitcoiner is Dr. C. Terence Lee? He's enable a milestone: the first baby born following fertility treatments paid for with bitcoins.
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Bitcoin's flash-crash lesson: Number-based currencies don't 'cure' human nature
The price of bitcoins has fallen from the recent high of around $130 in late May, with a dramatic drop from $108 to $91 in the past 24-hour period.
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Mt. Gox stops using Technocash, linked by US to Liberty Reserve
Starting June 15, the Mt. Gox bitcoin exchange will stop allowing funds and withdrawals through the Australian Technocash service.
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Butterfly Labs says bulk chip sales to start soon
Butterfly Labs has announced it will begin selling bulk ASIC chips for bitcoin mining starting this month.
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Virginia compliance issue leads FastCash4Bitcoins to suspend service
Tangible Cryptography says it is suspending new purchases of bitcoins through its FastCash4Bitcoins service while it tries to resolve a compliance issue.
CoinDesk - Unknown
"},{"_id":"PR4RRGJ7RJADDNVKGO3Y52ZU5I","type":"text","content":"\"Amazing!\" "},{"_id":"LO76SJEXCRCZNNXQHRV6S2UFNQ","type":"text","content":"wrote reddit user Annihilia. \"I'm a huge proponent of Blender. Easily one of my most used tools for work.\""},{"_id":"MJQCDL35TBAMDNEN3OWDF5J3GA","type":"text","content":"\"Excellent to see,\" added redditor AD-Edge. \"I'm a long time user of Blender. When I get some BTC of my own, I'll have to throw some their way.\""},{"_id":"IJPJ6MJOQNBPDHLWY4NFPSHTLM","type":"text","content":"As of press time, according to Blockchain.info, the Blender Foundation had received a total of 0.4894 bitcoins -- around $53.64 -- in donations."},{"_id":"TJPT3VHG4BAJZL24IFG42CUQPE","type":"text","content":"First released in 1995, the Blender software can be used for 3D modeling, animation, video editing and more. It also features a built-in game engine. The software has been used to help create such movies as Spider-Man 2 and The Secret of Kells, along with several \"Open Movie\" projects by the Blender Foundation."},{"_id":"WHD5SYKEMVA5VIPOQUHLGC5YRE","type":"text","content":"The Blender Foundation is led by Ton Roosendaal, Blender's initial author. The organization is based in Amsterdam."}],"created_date":"2021-08-08T11:56:44.250Z","revision":{"revision_id":"HSYHCAGQCNEVRPQLPAYT6XZJUY","parent_id":"XHB42LRTDVGGRM2N64U2IY7M7M","editions":["default"],"branch":"default","published":true},"last_updated_date":"2021-09-10T10:52:58.944Z","canonical_url":"/markets/2013/06/13/open-source-blender-foundation-now-welcomes-bitcoins/","headlines":{"basic":"Open-source Blender Foundation now welcomes bitcoins","meta_title":"Open-source Blender Foundation now welcomes bitcoins - CoinDesk"},"owner":{"id":"coindesk"},"workflow":{"status_code":3},"subheadlines":{"basic":"The Blender Foundation, which is behind the free and open-source 3D computer graphics program Blender, has joined the community of websites that accept bitcoin donations."},"description":{"basic":"The Blender Foundation, which is behind the free and open-source 3D computer graphics program Blender, has joined the community of websites that accept bitcoin donations."},"language":"en","source":{"edit_url":"https://www.coindesk.com/?p=5741","source_id":"5741","system":"Wordpress"},"taxonomy":{"primary_section":{"_id":"/markets","_website":"coindesk","type":"section","version":"0.6.0","name":"Markets","description":"News about digital finance and crypto markets, with commentary and analysis from industry insiders.","path":"/markets","parent_id":"/","parent":{"default":"/"},"additional_properties":{"original":{"_id":"/markets","site_topper":{"site_logo_image":null},"site":{"site_tagline":"Markets - 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CoinDesk"}},"publish_date":"2013-06-13T11:30:09Z","publishing":{"scheduled_operations":{"publish_edition":[],"unpublish_edition":[]}},"_id":"LIHIDXB5VBFJNCZHUZ3L4XBWGA","website":"coindesk","website_url":"/markets/2013/06/13/open-source-blender-foundation-now-welcomes-bitcoins/"},{"type":"story","version":"0.10.7","content_elements":[{"_id":"BMLG5342KRDXHHIAZI4OW535CM","type":"text","content":"BitInstant customers have been complaining loudly -- and in large numbers -- about slow orders and responses in recent days."},{"_id":"CS32IWCEZ5CCRAKBD4VPEKLBO4","type":"text","content":"The service, which promises to let people quickly transfer funds to their bitcoin exchange accounts, saw the trouble start after launching its new beta website on Tuesday."},{"_id":"G7M3OK4TNRGDDJZPENXI6ELTUI","type":"text","content":"By Wednesday, numerous posters on reddit and the Bitcoin Forum were complaining that orders placed hours -- even a day or more before -- had yet to be processed."},{"_id":"QXTMV4R5MZHD5FN2AFKO3KCRYY","type":"text","content":"\"(A)lmost 32 hours since I placed 2 orders of 500.00,\" wrote redditor vrusso123. \"sickened. where is my money bitinstant?\""},{"_id":"T6AYOUMHEVFFVHS6YXDHCXZIOI","type":"text","content":"\"(T)his is a large issue for the community,\""},{"_id":"SU6ITTBWPZE5XJV3V4G6GWIZ34","type":"text","content":"noted user bit_herder. \"It needs exposure ... I am also currently out $300 with nothing but a copypasta [sic] response and a bunch of BS to show for it.\""},{"_id":"U5EFIMBMDZD33LH6DKBTL4IDM4","type":"text","content":"Following requests for comment sent to BitInstant by CoinDesk via email and reddit messaging, CTO Gareth Nelson sent back an email noting that he was \"speaking only for myself\":"},{"_id":"CIRELPI5EVFH3KOZLH5HFIN5VI","type":"text","content":"
\"1 - New site came online on tuesday, and yes the backlogged orders were caused by technical problems we didn't anticipate"},{"_id":"GJ23JZGJRVHEJAUV5WMDMD3NVY","type":"text","content":"2 - As of now most new orders are processing same as always with the odd one failing due to invalid bitcoin addresses and similar"},{"_id":"JWESK3FTZRBPHBK44YF3L7CGPM","type":"text","content":"3 - Our support team has been absolutely swamped with queries direct from customers and giving individual assurances but there is significant volume to deal with"},{"_id":"DLJG7WMQWFCHDAVFK2GXLYIJ5Y","type":"text","content":"4 - Speaking entirely for myself, i've bet everything on this company and can't afford to have it fail so there's no way on earth i'm going to sit here and allow failure, the same goes for the rest of the team - we are all stressing out and working day and night (literally) to get things fixed and hope to have a proper resolution for the backlogged orders and any outstanding misc bugs with the new site fairly soon\"
"},{"_id":"GWYU3S7V7RGQRFWNMV2EGR6XY4","type":"text","content":"In addition, a response from reddit user bitinstant was posted to the community on Wednesday afternoon:"},{"_id":"YJ4K2V6BB5E2PKBC6OOY54I5QY","type":"text","content":"
\"A quick update to address some common questions we've been seeing since launching our new site:"},{"_id":"FCQM6GHJJ5CKDOKE2XPX7IOX3I","type":"list","list_type":"unordered","items":[{"_id":"LWNCJVQOWZAYZBEXRBZOYURRFM","content":"If you haven't had your order processed yet, your funds are safe. We'll manually process your order as soon as we can. We aren't maliciously holding on to your funds - we want you to have your coins!","type":"text"},{"_id":"GTEPPLVNORFGTG27F72JIVM5NA","content":"We had to turn the public Q&A off at our support site because people were posting personal/sensitive information. You can still contact our support staff via email if you're having any issues.","type":"text"},{"_id":"II4LRTEGMFDBJF4D5JFQKWWGVE","content":"Our support queue is a little backed up right now, but we are definitely receiving your emails and will respond to them as soon as we can. There are real, live people working to resolve your issues as fast as possible.","type":"text"},{"_id":"NXGFVVMWCFFT5NWXJ7CRZ3YJ3U","content":"Sending us additional support tickets just clogs up our support channel and creates more work for us as we have to sift through duplicate tickets. If you sent us a support ticket, we have it logged and you don't have to send any additional tickets.","type":"text"}]},{"_id":"XGBIUFAW7BCRBMFV4IP2BIRSUE","type":"text","content":""},{"_id":"OXEPD6QMCZFUXBPPV4AP6CZ7WI","type":"text","content":"Also, please refrain from using profanity here or on any other social media channel. We like to keep our pages family-friendly. Any profane posts or comments will be deleted from Facebook."},{"_id":"CQNDEFLQG5CXBJHC3SDPDMMR4Y","type":"text","content":"Edit: We're taking all of your feedback into account and we're going to try to handle outages and issues like this better in the future (i.e. warning before planned system maintenance). We are trying to handle all of your issues and concerns as best we can, so thanks for hanging in there and being patient with us!\"
"},{"_id":"UCCEHHV5BZAZ5EEOI5VXIQ2D3Y","type":"text","content":"While many redditors continued to voice complaints after bitinstant's post, others expressed appreciation for the update."},{"_id":"HVJBG4FMCJB67IMJMYNOCMCGXY","type":"text","content":"\"Ive had good experiences with y'all and im (sic) chalking this up to new system jitters but I'd like to see this sorted,\" wrote traintofunkytown. \"Loving the look of the new site btw.\""},{"_id":"DHX5VOUYFZAIXLFGDPTC2N2WIE","type":"text","content":"\"Thank you for this update,\" responded user Shatteringblue. \"If this error occurs, maybe it would've been better to announce it when it began, instead of when many people have been complaining.\""},{"_id":"D3XF4ZPWSVBJFO2I5CPG2ADBLI","type":"text","content":"bitinstant replied, \"Yes, we're going to try to predict these issues better in the future and give our customers as much warning as possible. We're definitely learning from our mistakes.\""},{"_id":"F4BQGTNSGZB3NKIR3FJ3ODOAJA","type":"text","content":"Based in New York City, BitInstant was founded in 2011 by bitcoin traders Nelson and Charlie Shrem, now CEO. The startup recently raised $1.5 million in seed funding led by Winklevoss Capital, with added backing from other investors."}],"created_date":"2021-08-08T11:56:45.421Z","revision":{"revision_id":"AEJSYG7M45AHDA23RUGG3WGKMQ","parent_id":"FWKIPW6HMZBUHBBD26NOQD4674","editions":["default"],"branch":"default","published":true},"last_updated_date":"2021-09-10T10:52:58.141Z","canonical_url":"/markets/2013/06/13/bitinstant-complaints-flare-up-after-beta-site-launch/","headlines":{"basic":"BitInstant complaints flare up after beta site launch","meta_title":"BitInstant complaints flare up after beta site launch - CoinDesk"},"owner":{"id":"coindesk"},"workflow":{"status_code":3},"subheadlines":{"basic":"BitInstant customers have been complaining loudly - and in large numbers - about slow orders and responses in recent days."},"description":{"basic":"BitInstant customers have been complaining loudly - 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He's enable a milestone: the first baby born following fertility treatments paid for with bitcoins."},{"name":"twitter:image","type":"property","value":"https://qa.coindesk.com/wp-content/uploads/2013/06/Bitcoin-Baby.jpg"},{"name":"twitter:creator","type":"property","value":"@coindesk"},{"name":"twitter:site","type":"property","value":"@coindesk"},{"name":"twitter:account_id","type":"property","value":"1418565129"}],"title":"Fertility doc helps couple conceive first-ever 'Bitcoin baby'"}},"publish_date":"2013-06-11T16:08:39Z","publishing":{"scheduled_operations":{"publish_edition":[],"unpublish_edition":[]}},"_id":"OLC5DVLWHVDHPNPZLSCPCWHPUA","website":"coindesk","website_url":"/markets/2013/06/11/fertility-doc-helps-couple-conceive-first-ever-bitcoin-baby/"},{"type":"story","version":"0.10.7","content_elements":[{"_id":"ACJE3PYRQRG2VNNPDQDPHDUIDA","type":"text","content":"The price of bitcoins has fallen considerably from the recent high of around $130 in late May, with a dramatic drop from $108 to $91 in the past 24-hour period."},{"_id":"AJQWVEKLHFCZNGCNXQXGXMFLXE","type":"text","content":"As of around noon Eastern time Sunday, the bitcoin price stood at $98 (£64.61)."},{"_id":"LBRZX337JBB4XJ2S7RV5JDM7SA","type":"text","content":"Why the big drop? There could be any of a number of reasons -- more likely a combination of several: unsubstantiated rumors run amok, the market fluctuations you'd expect for a relatively new commodity, herd mentality, greed, panic."},{"_id":"3KFARSEOHFEPJCVIJ4YQARBRWQ","type":"text","content":"All of the above were apparent in the comments by redditors discussing today's price plunge. It was FinCEN (the US financial regulator) cracking down on bitcoin, some said. No, it was new verification requirements at Mt. Gox, others speculated. No, it was spineless noobs dumping their currency  because they don't know what they're doing in the first place, others said."},{"_id":"CN5K46S2AJHDPI2OVOOYWJIU4Q","type":"text","content":"Comments like these prompted others to offer their own tongue-in-cheek theories, such as this one from seedpod02:"},{"_id":"G3MENN4UXRFORCINWZJGEQNWZM","type":"text","content":"\"Here's what I'm thinking since last week when I realised that Peter Thiel was on the Steering Committee of the Bilderberg Group--see here--that is currently on the go: That he and others et al (Amazon, Google, etc) are being pretty persuasive to the billionaires, royalty and mega-powerful movers about the need to take bitcoin seriously, and that these really really REALLY big kids on the block will start to think they should perhaps take all this hocus pokus (sic) about bitcoin that they are hearing but don't understand very seriously, just in case, and so have been dashing out of meetings at teatime with instructions to set the market for a big buyout, before returning to more sessions of Thiel selling his all-seeing Palantir eye as the panacea for moving to the new platform.\""},{"_id":"3ZW75CJ2SZDMBFZZSTXQDHKQ7E","type":"text","content":"Or not."},{"_id":"EKUJQIZP65BRNGKPT4WLG4KP2M","type":"text","content":"(All this underscores a critical lesson in this day and age: it's more important to get the news right than to get it first. Just think CNN's beyond-embarrassing botch of the US Supreme Court ruling on Obamacare.)"},{"_id":"XDRGXBUOWFEOJDBYZ436OCAPJ4","type":"text","content":"Here's what we probably can learn from this latest bitcoin flash crash:"},{"_id":"EJCWLFR6INHUXOJ2FIG63QJC3Y","type":"text","content":"While Satoshi Nakamoto's brilliant Bitcoin protocol might have solved the Byzantine Generals' Problem, it did not do away with the basics of human nature.  Essentially, people are prone to:"},{"_id":"LQYV7JF24BEORABTUFSLF6POLM","type":"text","content":"a) believe rumors"},{"_id":"Q7KTH7CHNBFVBMTFB4S2MXX6XI","type":"text","content":"b) spread rumors further"},{"_id":"7WQ6PFMTEVBSBPNEFSTOOZED54","type":"text","content":"c) act without thinking"},{"_id":"5AZSCXUQUBH5DBL3EH5GWJ5AY4","type":"text","content":"d) panic in large numbers"},{"_id":"VROZ37VFERHFLILZ7EJ4A3I5FM","type":"text","content":"e) seek to cut their losses or profit from the losses of others."},{"_id":"3STDHV3U65E5RML3GRYRCECSWI","type":"text","content":"It would be good to remember that all those apply whatever we're transacting in: fiat or purely number-based cryptocurrency."}],"created_date":"2021-08-08T11:57:19.922Z","revision":{"revision_id":"2RF5UDZT3VHRFHZ2LAGJOQDH5U","parent_id":"2YGDROOWKFAGZNKH6RLR2ROLPU","editions":["default"],"branch":"default","published":true},"last_updated_date":"2021-09-10T10:52:32.448Z","canonical_url":"/markets/2013/06/09/bitcoins-flash-crash-lesson-number-based-currencies-dont-cure-human-nature/","headlines":{"basic":"Bitcoin's flash-crash lesson: Number-based currencies don't 'cure' human nature","meta_title":"Number-based currencies don't 'cure' human nature"},"owner":{"id":"coindesk"},"workflow":{"status_code":3},"subheadlines":{"basic":"The price of bitcoins has fallen from the recent high of around $130 in late May, with a dramatic drop from $108 to $91 in the past 24-hour period."},"description":{"basic":"The price of bitcoins has fallen from the recent high of around $130 in late May, with a dramatic drop from $108 to $91 in the past 24-hour period."},"language":"en","source":{"edit_url":"https://www.coindesk.com/?p=5100","source_id":"5100","system":"Wordpress"},"taxonomy":{"primary_section":{"_id":"/markets","_website":"coindesk","type":"section","version":"0.6.0","name":"Markets","description":"News about digital finance and crypto markets, with commentary and analysis from industry insiders.","path":"/markets","parent_id":"/","parent":{"default":"/"},"additional_properties":{"original":{"_id":"/markets","site_topper":{"site_logo_image":null},"site":{"site_tagline":"Markets - 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Gox bitcoin exchange will stop allowing funds and withdrawals through the Australian Technocash service, which was recently linked to the $6 billion money-laundering case involving Liberty Reserve."},{"_id":"UFLOL5RM5NAWZHEZUC5G6GTZ2Y","type":"text","content":"In a statement released today, Mt. Gox noted it made its decision \"after some deliberation and discussion with Technocash.\""},{"_id":"KLANS3LJ5FENLMGSIAEKSKKQ2E","type":"text","content":"\"We are working on alternatives for our Australian customers, but in the meantime please use other available methods such as international wire transfers, which are available in your customer accounts,\" the statement from Mt. Gox went on to say. \"Withdrawals via Technocash will be processed as long as we possibly can, and we will make our best effort to keep this method available.\""},{"_id":"A6GF7EK2MZCLXJIQTKBVU7A2VU","type":"text","content":"In its indictment against Liberty Reserve and the company's principles, handed down last week, the US federal government identified a number of financial institutions believed to be holding a portion of the $6 billion connected to money laundering charges. They included three accounts at Australia's Westpac Bank held in the name of Technocash Ltd."},{"_id":"HPK7AFU23BFCTJRW22NWKLLL3Q","type":"text","content":"The three Technocash accounts reportedly held nearly $37 million on deposit."},{"_id":"DQF2YHQJUND6TJMDMZIRQ5RUKE","type":"text","content":"The US indictment also sought forfeitures from bank accounts in Costa Rica, Cyprus, Russia, China, Morocco, Spain and Latvia."},{"_id":"KXLCZ42HVRHMVOEJLLN7YEPNKA","type":"text","content":"Speaking to The Australian this week, Technocash managing director Paul Monsted said the company's appearance in the US indictment was \"distressing\" and \"a bit of a hit.\""},{"_id":"ZXAGDHPFQNGV7OWX53Z76KTNP4","type":"text","content":"In a press release issued last week, Technocash stated the following:"},{"_id":"3ARHPC7K6FE7XACEI2OJKNSTWY","type":"text","content":"
\"Technocash wishes to make clear that it:"},{"_id":"XWQP5O7NLZBMREYBSDKOYBH5TI","type":"list","list_type":"unordered","items":[{"_id":"RCLQUPWQP5FLFHAMETWPEC2SW4","content":"is a B2B global multi-currency payment system, that offers its business customers a platform to receive, hold and pay in most major international currencies;","type":"text"},{"_id":"J3RGL52QYBAIVMOZUJYEWILS6U","content":"does not have accounts in the name of Liberty Reserve;","type":"text"},{"_id":"XM5ZNHXYTJFFLDBSYB6LFPYXEA","content":"is, and always has, fully complied with Australia’s anti money laundering and compliance regimes, including Austrac reporting; and","type":"text"},{"_id":"LZ5JTVQA6NFYPPWYOB2D7RTMGE","content":"does not have any anonymous transactions or unverified customers. In accordance with its Australian licence requirements, all Technocash accountholders are verified with multi-step procedures to access the full Technocash system.","type":"text"}]},{"_id":"SPY4ND3XLRGTBAC5JOJDE6BP4E","type":"text","content":"\"Technocash has been assisting authorities in their investigations of the matters raised in the abovementioned article and is committed to continuing its compliance with the requirements of the anti money laundering and compliance legislation in all jurisdictions in which it operates.
"},{"_id":"HOVGV6NJOZA6BKQ25BVRXB3VW4","type":"text","content":"Founded in 2000 by Paul Monsted and Raymond Pakalns with the help of an Australian government grant, Technocash enables global, web-based payments in a variety of major currencies."}],"created_date":"2021-08-08T11:58:01.145Z","revision":{"revision_id":"DQCRN77YPZBR7CIQKCQPKVPDHY","parent_id":"FJJCZNJP3FFBFPIYLX7Q3DDVCU","editions":["default"],"branch":"default","published":true},"last_updated_date":"2021-09-10T10:51:46.585Z","canonical_url":"/markets/2013/06/04/mt-gox-stops-using-technocash-linked-by-us-to-liberty-reserve/","headlines":{"basic":"Mt. Gox stops using Technocash, linked by US to Liberty Reserve","meta_title":"Mt. Gox Stops Using Technocash Stopping Withdrawls | CoinDesk"},"owner":{"id":"coindesk"},"workflow":{"status_code":3},"subheadlines":{"basic":"Starting June 15, the Mt. 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During that time, it said it will suspend all new transactions."},{"_id":"TMHB5HOOCZB4PFYLNKOBBA3NEQ","type":"text","content":"\"At this time there has been no freeze, hold, or closure of our payment accounts,\" the forum post stated. \"While we hope for a timely resolution we recommend our existing clients make alternative arrangements as it is difficult to provide an estimate on how long such a resolution may take.\""},{"_id":"J7LI5KL5VZDN7P7VJHQZ6ASWPM","type":"text","content":"Other members of the Bitcoin Forum wrote they were sorry to hear of FastCash4Bitcoins' suspension of services."},{"_id":"B5ZGWW73NZAUREPNNRDDJCVMTI","type":"text","content":"\"If bitcoin is 'stored value' then the people who sold bitcoins to FC4B were all engaged in the business of money transmission, and the Virginia Corporation Commission should be investigating those thousands of people,\" wrote forum member Bitco. \"I'd love to see how they construe that as protecting residents of the 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