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Greek finance minister Yanis Varoufakis has hit back at criticism resulting from his appraisal of Bitcoin in a blog post last month, calling Bitcoin “too deflationary to work” while continuing to support its underlying technology.

Former Bitcoin Foundation Membership Director, Kevin Beardsley, will join Elliptic where he will be in charge of growth with investment funds and trading firms that are looking to securely store bitcoin and blockchain assets.

Cointelegraph has uncovered a profit sharing scheme where self-proclaimed “hackers” lure unsuspecting clients to sell their coins after reading promotional articles purportedly posted on crypto media outlets such as NewsBTC and CryptoCoinsNews.

The US Marshals are beginning the process to auction of 50,000 bitcoins seized from Silk Road, Mike Hearn warns about the dangers of autonomous machines and suggests a self-ownership solution, Google and Square rumored to be collaborating on an OTC sales platform, and much more news that happened on February18.

The US is set to sell off 50,000 bitcoins previously owned by jailed Silk Road founder Ross Ulbricht in a sealed auction, it has been announced.

The Terminator film series gave us a harrowing vision of a future of total surveillance and conflict – one facilitated by artificial intelligence created by a war-waging state.

Bitcoin price rises 10 % to US$245 on reports that Google and Square are working on a Bitcoin accepting point-of-sale system.

DAILY DIGEST about OKCoin CTO Resigns, BTM Shutdown in Vermont, Bitreserve Adds Swiss Franc and Three Commodities, Netagio Shuts Down Bitcoin Exchange, Ericsson Shows Support for Cryptocurrencies, Amazon Smile Embraces Bitcoin and Coinimal Adds New Instant Payment Options

The subjects of filmmaker Calvin (C.H.) Tran’s videos speak highly of his work. The two with whom Cointelegraph spoke regarding Tran’s upcoming documentary series “People In Bitcoin” say they are “happy to be a part of it” and, “It’s really cool what he is doing.”

Bitreserve’s Halsey Minor had some interesting comments comparing Bitcoin and Netscape, but his company is chugging right along, Yesterday it added more stores of value for its users.

When it comes to mining, the breakeven cost for miners is the most often asked question. In a recent Reuters article, author Edward Hadas states that the “full cost of production is closer to US$600 per token, based on a recent study by Australian researcher Hass McCook. “

UK-based startup Netagio, announced it had initiated a restructuring plan, which will consist in refocusing its core business on wealth storage. Netagio will close its BTC, GBP, USD and EUR exchange, and warns users to withdraw their funds before March 16.

Bitcoin Daily Digest about Kim Dotcom’s MegaNet Will Use Blockchain, PokerStars Denies BTC Rumors, Bitcoin Foundation Members, Commonwealth Secretariat to Explore Bitcoin, Stolen BTMs in Amsterdam, Patrick Murck to Advise Lending Network BTCJa, Bitcoin Powers New Worldwide Cellphone Top-Up Service, Virginia Law Firm Accepts Bitcoin, eToro CEO Joins Board at Bitcoin Startup Colu, Russian researchers

Changpeng Zhao resigned as CTO of Chinese-based exchange OkCoin after being there for 9 months. (June 2014-February 2015) Cointelegraph reached CZ for a comment on why he left OkCoin:

A new report by electronics and technology giant Ericsson has voiced support for cryptocurrencies, their practical applications as well as the blockchain in a further example of the changing outlook among big business.

Bad news for the Dutch Bitcoin scene: a thief stole two of Amsterdam’s Bitcoin-ATMs (BTMs). As of yet, the offenders have not been caught.

Only 23.9% of the potential voters are allowed to take part in the current board member election for the Bitcoin Foundation. A new rule requiring voters to ‘activate’ their account was missed by up to 1,159 members, leading to their ineligibility to vote.

Anderson, Desimone & Green, a law firm providing estate planning and administration services throughout Southwest Virginia, is now the first law firm in the region to accept Bitcoin as a payment method from clients.

Bitcoin Price Analysis: Week of Feb 16

The hacker group known as DD4BC, who previously attacked Bitalo.com and Nitrogensports.eu appears to be behind the Exco.in hack. Exco.in is also accusing CCEDK of withholding his info.

Chinese exchange BTER loses up to US$1.75 million in cold wallet hack. Meanwhile, fiat banks may have lost over US$300 million in the last 15 months through hacking. Bitcoin Core updated to version 0.10.0 and much more news that happened on February 15.

When asked about ways to get bitcoin anonymously, many users would likely already about services like LocalBitcoins. Similarly, the site Wall of Coins offers sellers (though not buyers) similar privacy for their transactions.

As more details emerge about the latest hacking of exchanges Bter, HitBTC and Excoin, hundreds of millions of dollars are being reported stolen from a wide range of international banking institutions.

What will a Greek or Spanish exit look like for the European Union and what will be its implications for the global economic picture?

According to China-based exchange BTER, 7,170 bitcoin have been stolen from a wallet. What makes matters more interesting is that the stolen coins were in cold storage.

Bitcoin and sanctions--there is an interesting interplay between these two words. The word “sanction” is defined as “an economic or military coercive measure adopted usually by several nations in concert for forcing a nation violating international law to desist or yield.”

Vaultoro.com launches a Bitcoin gold exchange, enabling users to instantly convert their bitcoins to gold and back, “100% bank independently.”

Weekend Roundup from Cointelegraph

Toronto’s Decentral, a blockchain technology hub home of Ethereum and host of 2014’s Bitcoin expo, announces new “Blockchain and Fintech Expo” as well as a move of their home base after a bearish winter.

Imagine you’re the kind of person who wants to create jobs, but you don’t have any wealth of your own from which to make payroll.