Frequently Asked Questions

Frequently Asked Questions

bustabit

Place a bet. Observe the multiplier increase from 1x upwards! Cash out any time to get your bet multiplied by that multiplier. But be careful because the game can bust at any time, and you’ll get nothing!

A bit is a millionth of a bitcoin or one hundred satoshis. At the time of this writing, a single bit is worth toughly $0.0003 USD. Read More

Bitcoin Exchange Was a Nexus of Crime, Indictment Says

Bitcoin Exchange Was a Nexus of Crime, Indictment Says

The Fresh York Times

July 27, 2017

A Russian man was charged with overseeing a black market Bitcoin exchange that helped launder billions of dollars and stood at the nexus of several criminal enterprises, according to a federal indictment.

The indictment, which was unsealed in California on Wednesday, gave a long list of illegal activities that the Bitcoin exchange, known as BTC-E, facilitated, including ransomware fraud, identity theft, drug trafficking and public corruption. Read More

While Bitcoin Price Hits Record Highs, Almost 100, zero Transactions Are Stuck in a Backlog

While Bitcoin Price Hits Record Highs, Almost 100, zero Transactions Are Stuck in a Backlog

While Bitcoin Price Hits Record Highs, Almost 100,000 Transactions Are Stuck in a Backlog

Almost 100,000 bitcoin transactions are waiting to budge – photo from tradeblock

Bitcoin is presently operating at over capacity following a significant price increase by around $600 in just one week. 100,000 transactions are now stuck, incapable to budge, weighing around 68MB. Read More