30 Jan '17, 6pm

Former Fed Employee Sentenced For Running Bitcoin Mining Software On A Fed Computer

In an amusing twist on the "fiat vs digital " money debate, a former Federal Reserve employee who tried to fuse the two, was sentenced to 12 months’ probation and fined $5,000 for installing unauthorized software on a Fed server to connect with a bitcoin network, the Office of the Fed's Inspector General said. According to the WSJ, Nicholas Berthaume , who worked as a network systems communications analyst at the Fed board in Washington, installed software so he could connect to an online bitcoin network to earn bitcoins, i.e. bitcoin mining , the Fed’s inspector general said. The software was in place from about March 2012 to June 2014, according to a court document. It was not clear how many thousands of a bitcoin he managed to earn this way. “Berthaume installed unauthorized software on a Board server to connect to an online bitcoin network in order to earn bitcoins. Bi...

Full article: http://www.zerohedge.com/news/2017-01-30/former-fed-emplo...

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Former Fed employee fined for installing bitcoi...

wsj.com 30 Jan '17, 5pm

A former Federal Reserve employee was sentenced to 12 months’ probation and issued a $5,000 fine for installing unauthoriz...

Former Fed employee fined for installing bitcoi...

wsj.com 30 Jan '17, 4pm

A former Federal Reserve employee was sentenced to 12 months’ probation and issued a $5,000 fine for installing unauthoriz...

Former Fed employee fined $5,000 after using co...

bloomberg.com 30 Jan '17, 9pm

A former Federal Reserve employee was sentenced Friday to 12 months probation and a $5,000 fine after pleading guilty in O...

Former Fed Employee Fined $5,000 for Using Comp...

bloomberg.com 30 Jan '17, 8pm

A former Federal Reserve employee was sentenced Friday to 12 months probation and a $5,000 fine after pleading guilty in O...

Former Fed Employee Fined $5,000 For Installing...

yro.slashdot.org 30 Jan '17, 10pm

A former Federal Reserve employee was sentenced Friday to 12 months probation and a $5,000 fine after pleading guilty in O...

via @BTCTN

via @BTCTN

news.bitcoin.com 31 Jan '17, 1pm

“This case demonstrates how oblivious my office is to Federal Reserve Bank employees who not only spend their days pursuin...

Former Fed Employee Fined $5,000 for Mining Bit...

cryptocoinsnews.com 31 Jan '17, 7pm

According to the IG statement, Berthaume, who had remote access to the server from his home, denied any involvement with t...

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youtube.com 31 Jan '17, 2pm

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What Is Bitcoin Mining? Via @nasdaq

What Is Bitcoin Mining? Via @nasdaq

m.nasdaq.com 24 Jan '17, 1pm

Bitcoin mining is the process by which the transaction information distributed within the Bitcoin network is validated and...