Bitcoin News Mash-Up: US Agent Guilty; Greg Maxwell’s Altcoin Theory; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

US Agent Admits Extorting Silk Road Bitcoins

United States Drug Enforcement Agency (DEA) recently found itself in an embarrassing position when one of its former agent admitted pleaded guilty for corruption. According to the Bloomberg, the said agent, named Carl Force, accepted to have extorted Bitcoin, a kind of digital money, from the Silk Road operator Ross Ulbricht. He further accepted that he had routed this money to offshore accounts, an admission that further identified Force as a money launderer. You can read the full story here.

Bitcoin Developer Greg Maxwell Rubbishes Altcoin Projects

BitStream co-founder Greg Maxwell recently took potshots at altcoin projects, saying that they are doing nothing but deviating the resources that could have been allocated to improve Bitcoin. The comments came during the launch of Sidechain Elements, where Maxwell was giving a presentation on his “alternate” blockchain project. The Bitcoin developer believed that only a handful of altcoins are truly working towards the betterment of the cryptocurrency sector, while rest of them are scams. You can read the full story here.

New Venture to Support Bitcoin Blockchain Projects

A new venture platform, named Block26, was recently launched to specifically fund the Bitcoin blockchain projects. This is by far the first fully-dedicated platform that has created to bring investment to Bitcoin’s public ledger systems. You can read the full story here.