In the heady days of 2013, when the world was agog over the promise of bitcoin, a few companies were racing to develop special hardware used to “mine” new value from the virtual currency. One of the ...

Maker of Bitcoin mining hardware maker Butterfly Labs has been shut down by the FTC following allegations of fraud and company misrepresentation to the public. Following hundreds of complaints to the ...

The Federal Trade Commission (FTC) announced yesterday that it had shut down Butterfly Labs following approval by a US judge, and for many outraged customers, the closure is the end of a long period ...

Butterfly Labs has announced it will begin selling bulk ASIC chips for bitcoin mining starting this month. While some Bitcoiners on Butterfly Labs' forum welcomed the news, many others are expressing ...

A federal judge recently granted the Federal Trade Commission’s request to shut down the operations of Butterfly Labs, Inc., a company that makes ASIC Bitcoin mining gear, over suspicions of fraud. It ...

On today’s SiliconANGLE Live NewsDesk Show, (see embed feed below or visit youtube.com/siliconangle to watch on-demand), we learn that Butterfly Labs has finally ...

A new order issued by a federal court in Kansas City on Thursday has effectively extended a temporary restraining order set down earlier this month, leaving Bitcoin mining rig builder Butterfly Labs ...

Formerly all the rage amongst everyone from anarcho-technologists to billionaire investors, Bitcoin is back in the news today as a company called Butterfly Labs settles a $38.6 million lawsuit with ...

There have long been online complaints about Butterfly Labs, a Missouri-based maker of Bitcoin mining equipment that started operations in 2010. People complained in Bitcoin forums that the company ...

Butterfly Labs Inc. has spoken out to Bitcoin Magazine for the first time since reaching a settlement with the Federal Trade Commission and denies using customers' Bitcoin mining machines for their ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. A Federal Trade Commission lawsuit against Leawood Bitcoin ...