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law

Levine on Wall Street: FX Fallout and the Value of Volatility

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Franc fallout.

So … how’s your foreign-exchange trading going? Yesterday’s pick-a-number-standard-deviation move in the Swiss franc "caught everyone off guard," "sent the markets into a tailspin," is "likely to create more volatility in the short term," and left a lot of people very embarrassed or broke: Anthony Peters, a broker at Swiss Investment Corp., said firms that were selling options tied to the Swiss franc may be among losers. They would have lost money as volatility […]

Cryptocurrency round-up: Karpeles denies Silk Road involvement and darkcoin turns one

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The price of bitcoin remains relatively stable, while other cryptocurrencies experience more losses (IBTimes UK) Cryptocurrencies have experienced more mixed fortunes over the last 24 hours following a turbulent week for the markets.

Bitcoin has remained relatively stable with just a 1% shift in value since 15 January, currently hovering just below $210.

Among the other big players, litecoin saw gains of around 5%, while dogecoin, peercoin and namecoin all fell by between 2% and 8%. […]

Crypto 2.0 Roundup: Kickstarting Colored Coins and a Public Policy Push

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At a time when many bitcoin sectors are struggling, 2015 began with an outpouring of interest and show of strength for the crypto 2.0 community.

CoinDesk profiled a number of the promising projects , naming 19 to watch in the year ahead, but as our readers showcased, there remain many more that have garnered enthusiastic communities for their efforts.

However, while development continues on many exciting projects, a few notable names have so far used 2015 to […]

Mt Gox CEO Mark Karpeles Implicated in Silk Road Trial

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Mt. Gox bitcoin protest Mark Karpeles The trial of alleged Silk Road ringleader Ross Ulbricht heated up today during the questioning of a US Department of Homeland Security (DHS) by the defense team, led by Ulbricht’s lawyer Joshua Dratel.

The DHS witness, agent Jared DerYeghiayan, apparently claimed that Mark Karpeles, former CEO of the embattled bitcoin exchange Mt Gox, was once suspected to be the online black market’s mastermind, Dread Pirate Roberts.

Reporters from the courtroom took to Twitter […]

Benner on Tech: Bitcoin’s Blues and Facebook’s Free-Speech Tight Rope

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People are Talking About…

Bitcoin was supposed to be a substitute for gold , but now it’s behaving more like oil. Not the oil of 2013 and 2014 when the price spiked above $100, but the oil of today with prices below $50. Bitcoin prices have also fallen over the past year from about $1,000 to just above $200 . In both cases, the price is so low that it no longer makes economic […]

CoinTerra CEO: Company ‘Frozen’ Amid Lawsuits and Default

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Following a lengthy silence in the media, CoinTerra CEO Ravi Iyengar has emerged on the offensive, seeking to clarify the current state of his bitcoin mining firm, one that has recently been rocked by questions about its solvency.

Speaking to CoinDesk as part of a new interview, Iyengar confirmed that the Austin-based bitcoin mining company is in default, and it is currently awaiting a decision from its secured note holders.

CoinTerra is in default on roughly $4.25m-worth of […]

UK-Based Firm Becomes First Bitcoin Company to Receive KPMG Accreditation

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Elliptic, a UK-based digital currency services company, announces it had received ISAE 3402 accreditation from "Big Four" Dutch firm, KPMG.

The accreditation from KPMG followed a review and audit of Elliptic ‘s financial controls, regulatory compliance, internal access controls and other areas including code deployment, disaster recovery, segregation of duties and storage techniques. It represents an industry’s first and signified that Elliptic operates on the same standards as a custodian bank.

The accreditation is a significant […]

DatSyn News – SilentVault’s Anonymous Bitcoin Multi-Asset Wallet & Exchange Welcomes Seamus O’Pearse

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SilentVault’s anonymous peer-to-peer, multi-asset Bitcoin wallet and exchange platform uses sophisticated technology to enable anonymous communication and secure off-blockchain transactions for Bitcoin and Litecoin. The company is now announcing a change in personnel with the the transition of SilentVault founder Sean Daley who is leaving his position as Operations Lead to take the role of the company’s general counsel (non-practising). Law and business expert Seamus O’Pearse will take over the Operations role as of […]

Defense Attorney: Ross Ulbricht Created the Silk Road, But a Different Dread Pirate Roberts Committed the Crimes

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Inside U.S. v. Ulbricht. Illustration by Susie Cagle. On October 2, 2013, Ross Ulbricht was arrested at the Glen Park branch of the San Francisco Public Library, his laptop open and connected to the library wi-fi. The government claims he is the Dread Pirate Roberts, the infamous kingpin of the Silk Road, an online black market for drugs and other illicit goods. Ulbricht’s trial began today, after many delays over the last few months.

The […]

Hammer-wielding Bitcoin trader brutally bludgeons New York lawyer roommate to death

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New York police arrested an 18-year-old Bitcoin trader on Tuesday after he allegedly beat his roommate to death with a hammer inside their luxury Queens apartment.

Quentin Capobianco, a Bitcoin entrepreneur and paralegal, who worked in both capacities with his roommate, attorney Jesse Smith, allegedly bludgeoned the 29-year-old following a drug-related dispute, according to a report by the New York Daily News.

Capobianco, however, maintains he did it out of self-defense, according to a DNAinfo report.The […]

Russia Blocks More Bitcoin Sites

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Russia is apparently having a hard time making up its mind about bitcoin.  One minute it’s completely against it .  Then, the very law laying out the disapproval is criticized and rejected .  Now, citing a court order from September 2014, the country has blacklisted several more bitcoin addresses including three with a .ru domain:  coinspot.ru, hasbitcoin.ru and bitcoinconf.ru.

The relationship almost feels like a bad marriage.  The couple fights, they make up, and then […]

UK May Attempt to End Anonymity in Bitcoin Transactions, May Cause a Rise in the Use of DarkWallet

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A proposed UK bill could end anonymity in Bitcoin transactions by logging of all content accessed via UK ISPs. This will leave only services such as DarkWallet as truly anonymous options, placing them firmly in the sights of UK lawmakers seeking “the legal power to break into the encrypted communications of suspected terrorists.”

Speaking in the wake of the Paris terrorist attacks at the Charlie Hebdo offices and a kosher supermarket, UK Prime Minister David […]

Russian Authorities Blacklist 5 Bitcoin-Related Websites

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The Federal Supervision Agency for Information Technologies and Communications (Roskomnadzor in Russian) has blacklisted five Bitcoin-related websites.

Roskomnadzor has effectively blocked access to Bitcoin.org – an online community of cryptocurrency users and specialists supported by the Bitcoin Foundation – entering it into a registry of prohibited websites despite the site not having any user-submitted content.

Upon accessing Bitcoin.org, users have been receiving the following: — Access Denied. Access to the requested resource was blocked in […]

Russia’s Media Watchdog Blocks Bitcoin Websites

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Russia’s media watchdog has blocked access to a number of bitcoin-related sites, citing a court order from 30th September.

The Federal Service for Supervision of Communications, Information Technology and Mass Media (Roskomnadzor) allows visitors to check whether or not a site is blacklisted . At press time,  Bitcoin.org , Bitcoin.it ,  BTCsec.com  and bitcoin exchange Indacoin were blacklisted.

According to TJournal.ru , Roskomnadzor cited a  ruling of the district court of the city of Nevyansk, Sverdlovsk region, as […]

Bitreserve Raises $9.6 Million in Crowdfunding Campaign

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Bitreserve has closed its crowdfunding campaign after raising over $9m. The final total, one of the largest recorded in the digital currency sector for a crowdfunded initiative, reached $9,620,802 (£6,363,024) after 157 investors bought 11.27% of the equity offered.

Tim Parsa, Bitreserve’s president of global strategy and markets said: "It’s been a real pleasure interacting with the savvy Crowdcube and Venovate investor. Raising venture capital has been secretive and elitist for far too long. We share Crowdcube […]

Perianne Boring Talks Anti-Money Laundering Compliance and the Boot Camp Offered at TNABC

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Perianne Boring Talks Anti-Money Laundering Compliance and the Boot Camp Offered at TNABC Flike

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G+1Pin Perianne Boring is the president of the Digital Chamber of Commerce . The chamber will be hosting an Anti-Money Laundering Boot Camp at the North American Bitcoin Conference 2015 in Miami on January 16 and 17. Boring took time from her schedule to speak with CoinTelegraph about the boot camp and the importance of compliance with AML regulations for companies […]

Accused Silk Road creator goes to trial amid U.S. scrutiny of bitcoin

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NEW YORK (Reuters) – A U.S. crackdown on use of the digital currency bitcoin for drug trafficking and other crimes is headed for its highest-profile test yet, as a trial begins for the alleged creator of an online marketplace catering to vice.

Jury selection is scheduled for Tuesday in Manhattan federal court in the case of Ross Ulbricht, who authorities say created Silk Road, an online black market where drugs and others illegal goods could […]

‘Don’t Complain…You Didn’t Bother to Speak Up’: Ross Ulbricht Trial Begins

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Ross Ulbricht Flike

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G+2PinSome are labeling it the trial for Internet freedom, others – freedom to retain some privacy – but it will center around one man. The alleged operator of Silk Road known by his pseudonym Dread Pirate Roberts (DPR) was identified by Law Enforcement to be Ross Ulbricht and tomorrow, he will stand trial on charges ranging from drug trafficking to money laundering to running a criminal enterprise. The trial will begin at […]

Payments Veterans Seek to Unlock Blockchain’s Power With Align Commerce

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The bitcoin blockchain can be utilized to store transaction records in its public ledger database, but that is far from its only use case.

Novel real-world applications in the fields of  smart contracts and intellectual property rights , have begun to surface, providing a glimpse of the kinds of future technologies many believe cryptocurrencies can help society unlock.

Still, the most immediate use for the technology has been for payments, and with this is mind, startup Align Commerce […]

BITCOIN RUSH | episode 27 * Crypto News Media

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Greenpeace, Bitcoin Union, TheOpenMinute w/ Gryfen Crypto Inc., Opal, Soumitra Mandhata, Paypal, & Bitcoin Juggle Btc donations will be used wisely: 17vPhPit.

Change Tip, Bet Moose, HTML Coin, BTCxe, Altcoin Devvie, Altcoin Herold, Institutional Investment, The Open Minute Btc donations will be used wisely: 17vPhPi.

CA Bitcoin Law | Open Bazaar | Money 20/20 Conference | Payment Processor | The Open Minute | BXBerlin | Coined the Movie | Btc donations will be used wise.

Benner on Tech: Starboard Cynics and Zuckerberg on Censorship

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People Are Talking About …

This week in hilarious bloviating: Activist investment firm Starboard Value warned Yahoo in a letter that it doesn’t like rumors that Marissa Mayer might want to buy Scripps Networks or Time Warner’s CNN . I don’t like those rumors much either. When’s the last time a tech company successfully transformed into a media company? Facebook and Google are working on it, but they have a long way to go […]

CoinTerra to Users: “We Cannot Issue Any Payments”

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Bitcoin mining firm CoinTerra has put many of its customers on edge.  While the company website is remaining operational, many users are receiving emails that the firm is unable to issue any payments following a default on its “secured notes,” an alleged form of debt.

A Reddit user posted a copy of the email online:

“The company has defaulted on its secured notes.  The note holders have senior, secured and, we believe, perfected liens on all […]

Unexpected Home Search Prompts Purse.io Customer Protection Guarantee

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For  Purse.io has announced plans to offer a $10,000 guarantee plan to protect users from any costs related to purchasing items through its website.

The program, launched on 7th January, will also be available retrospectively to users who report incidents on any past transactions.

Andrew Lee, CEO of the American start-up said, "Our payment flow relies on two irreversible transactions: bitcoin transfer through escrow and delivery of a physical good. This is one of the reasons why […]

How Your Teenage Son or Daughter May Be Buying Heroin Online

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One element of cybersecurity that is often overlooked is the impact of the cyber world on people’s physical security. Parents seeking to protect their children are often aware of concerns such as cyberbullying and adolescents making inappropriate social media posts, but remain uninformed about the grave danger of easy access to illegal drugs facilitated by the protection afforded by the anonymous nature of the Internet.

I recently sat down with Dina Gusovksy of CNBC to […]

Bitcoin The Currency Of The Future

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Bitcoin The Currency Of The Future

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No More Burners: Using BitSMS and ChiliPhone Together Can Eliminate The Need For Disposable Phones

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For those who exist in the gray and darker areas of the legal spectrum, pre-paid “burner” phones offer a convenient, workable way to avoid surveillance.  Buy a phone at a gas station with some prepaid minutes, call or text your clients, get rid of the phone before the authorities are even aware of the number.

There are problems with that method. The hardware is an unnecessary expense, gas station attendants might wonder why you keep […]

Cryptocurrency round-up: Apple approves bitcoin-tipping iOS game and bitcoin ‘tax headache’

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The price of bitcoin and other major cryptocurrencies has steadily increased in recent days (IBTimes UK) Bitcoin and other major cryptocurrencies have enjoyed a steady resurgence following the market-wide crash at the beginning of the year.

Over the last 24 hours bitcoin, dogecoin, paycoin and namecoin have all seen positive market movement. Of the big players only darkcoin and litecoin have seen their value’s slide.

The biggest mover across all markets was once again marinecoin. The […]

Clearing the Air Over MaidSafe’s Patent Request: An Interview with COO Nick Lambert

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“Our connection to Bitcoin is that we share the community’s passion for decentralization and its ability to re-address the balance of power.” —MaidSafe COO Nick Lambert A recent article published on CoinTelegraph, entitled MaidSafe Founder Seeks Monopoly on ‘Distributed Network System,’ caused some unintended controversy. We feel it is our duty to provide readers with all available information, which is why we got in touch with MaidSafe COO Nick Lambert.

David Irvine, founder and lead […]

CoinTerra Silent Amid Cloud Mining Payout Freeze

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Bitcoin mining hardware firm CoinTerra has been the subject of speculation this week, as emails purportedly sent by the company to customers of its cloud mining service suggest the firm has defaulted on debt obligations.

The email, signed by a representative of the CoinTerra support staff, claims that the firm is no longer capable of making payouts to customers.

The message reads: "The company has defaulted on its secured notes. The note holders have senior, secured […]

“Bitcoin Jesus” Roger Ver Denied Entry to U.S.

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Oh, ye of “too much faith!”  Those who follow the “Bitcoin Jesus,” as he’s come to be called will not be able to witness their leader rise to the top on U.S. soil.

As it so happens, bitcoin evangelist Roger Ver is being denied entry into the United States to speak at the North American Bitcoin Conference in Miami after renouncing his U.S. citizenship.

Ver earned citizenship with the Caribbean island nation of St. Kitts and […]

My Experience in ‘Bitcoin City’ Arnhem

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Arnhem Bitcoinstad In October of 2014, CoinTelegraph reported that the city of Arnhem in the Netherlands had become the densest concentration of Bitcoin merchants in the world. And in November, the organizers held a successful six month anniversary event entitled “Arnhem Bitcoin Metropolis,” which attracted nearly 100 people who made over 175 Bitcoin transactions. First Stop: Bitcoin City

While on vacation in the Netherlands during the holiday break, I decided to bring my bitcoin-filled […]

Roger Ver Denied US Visa to Attend Miami Bitcoin Conference

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Bitcoin entrepreneur Roger Ver has been effectively locked out of his native USA after this week being denied a non-immigrant visa for the third time.

Ver, who publicly gave up his US citizenship in 2014, was planning to speak at the North American Bitcoin Conference in Miami  from 16-18th January.

He tweeted the following message to his 18,800 followers: While forcing me to pay taxes @USEmbassyBbdos tyrants won’t allow me to attend #CES2015 , #TNABC or […]

CDC to Discuss Banking Service Issues with US Treasury

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ForexMinute.com – In response to US Treasury Department’s invitation for a roundtable discussion on Financial Access for Money Services Businesses (MSB) next week, the Chamber of Digital Commerce recently formed Financial Access Task Force – a team that will highlight the banking accessibility issues faced by Bitcoin businesses in the US.

Just like China, Bitcoin businesses in the US are currently facing hurdles in accessing banking services, thanks to a law that allows banks to […]

Think Tank Launches To Educate Lawmakers and the Media on Blockchain Technologies

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Coin Center In September, Coin Center announced that they were launching a blockchain-technology think tank with a $1 million budget . Tuesday, they kicked off the website, which includes a number of resources.

The think tank, which they call “ a new voice for Bitcoin ,” is dedicated to spreading knowledge about cryptocurrency technologies. Coin Center runs under the vision of Executive Director Jerry Brito, who left his position as senior research director at Mercatus […]

Concerning Garza, TNABC and Bitcoin Media: ‘Down with Everything Associated with Anyone’ (Op-Ed)

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Concerning Garza, TNABC and Bitcoin Media: ‘Down with Everything Associated with Anyone’ (Op-Ed) Paycoin was announced back in November and became a media darling, thanks to backing by Josh Garza’s GAW Bitcoin mining company and a promised feature set that was longer than a rich kid’s Christmas list.

Then it all came crashing down . The most exciting feature, and the one many people cared about, was the promised US$20 price floor . Other alleged […]

Coin Center Unveils Bitcoin-Focused Public Policy Website

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Coin Center, a non-profit research and advocacy centre, announced today the launch of its new website that offers educational resources and detailed information about the organisation.

The group focuses on the public policy issues facing cryptocurrency technologies such as bitcoin. It provides updates on advocacy efforts, publishes policy research and serves as a resource for education on digital currencies as well as a repository of policy research from various respected academics and experts.

CoinCenter.org has […]

US Treasury to Consider Bitcoin Industry Concerns Over Banking Access

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The US Treasury Department plans to spell out the government perspective on financial access for money services businesses (MSBs), as well as hear concerns from the MSB community, at a roundtable discussion next week.

In response to the announcement of the meeting, the Chamber of Digital Commerce  (CDC) has created the Financial Access Task Force and applied to make a presentation highlighting the issues that digital currency businesses face when trying to establish banking relationships.

The CDC, a digital currency advocacy […]

Understanding Bitcoin: Cryptography, engineering and economics by Pedro Franco [Review]

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Understanding Bitcoin (Wiley, 2015) At the core of this scholarly book is a dissection of bitcoin’s biggest achievement. That is the transmission of value over the internet, an inherently insecure channel, without any reliance on a trusted third party. Even the harshest critics of bitcoin the currency (as opposed to Bitcoin the protocol) would agree the technology has legs, and then some.

Pedro Franco, the author of ‘Understanding Bitcoin: Cryptography, engineering and economics’ begins with […]

Bitreserve Lawsuit Rumor Untrue

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CoinTelegraph can reveal that reports of Bitreserve facing a trademark lawsuit because of its use of the name “Bitgold” are unfounded.

A recent article in Altcoin Press suggested that Nick Szabo, who supposedly trademarked the name “Bitgold”, could bring a lawsuit against the digital money service.

The article, however, appears to be complete speculation. CoinTelegraph checked the United States Trademark and Patent Office and found no registered trademark under the name “Bitgold”.  The article included a […]

026 CryptoCurrency Altcoins Dogecoin Funny Money Dog Bitcoin Innovation Tax

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Video: 026 CryptoCurrency Altcoins Dogecoin Funny Money Dog Bitcoin Innovation Tax

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If you like #LIBERTY+#INNOVATION +#FreedomOfExpression -use #CreativeCommons!!! Every time I listen to #News on #TV or elsewhere about #IntellectualProperty – #Law I get sooo #Angry… This #EVIL #Law inhibits me in my #Work 🙁 #Innovation + #Creativity + #FreedomOfExpression is inhibited by #IntellectualProperty – #Law This is one of my videos with translation into #Spanish+#German: The basic elements of […]

DatSyn News – SpaceBIT Introduces First Ever Space Banking Program For Bitcoin And Cryptocurrencies

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The company is set to launch a constellation of nano-satellites that will act not only as depositories for digital cash, but also as a platform to provide global and universal access to remote areas around the globe where payment infrastructures are non-existent.

“Our goal is to establish a secure decentralized banking system with common banking services for current and future crypto-currency users around the world”, said Pavlo Tanasyuk, one of the SpaceBIT founders.

Furthermore he added […]

Bitcoin Currency – Bitcoins Financial Revolution

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Bitcoin Currency – Bitcoins Financial Revolution
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Bitcoin is Closest Commodity to Gold Says Citi Chief Economist

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Bitcoin is Closest Commodity to Gold Says Citi Chief Economist
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California Delays Formal Decision on Bitcoin Regulation

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DBO, California California’s financial services and money transmitters regulator did not rule on whether it would regulate bitcoin at a scheduled December meeting.

The meeting of California’s Department of Business Oversight (DBO) was first revealed in early December by Bloomberg . Though details were scarce, spokesperson Tom Dresslar said at the time that the state was seeking to determine whether regulating bitcoin and digital currencies was in the best interest of consumers.

Dresslar told CoinDesk that […]

Manhattan Community Board Bans Bitcoin Block Party

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The City of New York is following the same path as the state in trying to use regulation to push Bitcoin into obscurity. A Manhattan Community Board ruled that a Bitcoin decentralization block party would be refused permits.

The block party was a co-venture between GMT Tavern , a bar and restaurant located in Greenwich Village in Manhattan, and Cut Rush Creative Labs , a Brooklyn-based film production company that specializes in promoting virtual currencies […]

Crypto 2.0 in 2015: Turning Bitcoin Theory Into Big Business

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Chip, computer 2014 may be remembered as the year the bitcoin protocol became unrealistically lauded as a magic cure-all to problems plaguing everything from cancer research to copyright law.

What may have been lost in this stream of sometimes sensational headlines is that, while bitcoin’s distributed ledger technology is empowering a new wave of entrepreneurs to experiment with legal contracts, identity and ownership, the foundations for such solutions are, in reality, still being built.

Looking ahead, though, the […]

Cody Wilson Speaks Out on Campaign to Dismantle Bitcoin Foundation

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Anarchist activist Cody Wilson has officially launched his candidacy for the upcoming Bitcoin Foundation board elections, and reaffirmed his intention to try and disband the organization from within if successful.

Wilson nominated himself with a post on the foundation’s forums on 20th December and has also launched a website  to support his campaign.

A staunch opponent of bitcoin regulation or centralization, Wilson is also best known for co-founding Defense Distributed , a donor-funded nonprofit organization that […]

The Future of Money and Bitcoin – Max Keiser

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The Future of Money and Bitcoin – Max Keiser
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Microsoft Further Experimenting with Bitcoin

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Microsoft caused quite a stir earlier this month when it announced that customers could use bitcoin to pay for certain content in the Windows and Xbox stores.

While not accepting bitcoin on a global scale just yet, Microsoft has mentioned that it is experimenting with the cryptocurrency and its related technology in the hopes that doing so will allow for greater expansion.

A spokesman for Microsoft said:“We are a global company, and we always think about […]

Bitcoin is Closest Commodity to Gold Says Citi Chief Economist

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Bitcoin is Closest Commodity to Gold Says Citi Chief EconomistWe’re doomed. pass it onWhen America Bankrupts What Happens To You? How To Survive A Global Financial Crisis And Currency Collapse Provides Proven Strategies, Techniques And Information That Every American Needs To Know To Survive The Worst Financial Crisis Ever!/In China the slaves are revolting as their subsistence level pay is cut even further to enrich the billionaires on Wall Street and Europe!!Next Economic Collapse […]

‘Star Trek’ Will Be in ‘Star Wars’ in 2015

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This will not happen next year. Photographer: Ezra Shaw/Getty Images” src=”http://media.gotraffic.net/images/iCMjbI3vm5KU/v3/620×349.jpg”> This will not happen next year. As 2014 draws to a close, I offer my predictions for the new year. Some are serious, some are whimsical, most are heartfelt. They are not listed in order of importance.

* * *

In 2015 …With the help of U.S.-led coalition attacks on Islamic State, the Syrian regime of Bashar al-Assad will survive another year. To his east, […]

Bitcoin Analysis: Week of Dec 28 (Year in Review)

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Bitcoin Analysis Note from the Author: Please see ( @Tone_LLT ) for more timely updates throughout next week on price developments and latest charts. Last Week’s Review

Last Week we concluded with the following:

Because just 14 months ago the price of a bitcoin was around US$100, the long term chart is still showing tiny signs that a reversal can come any week so we have to remain slightly bullish on that time frame. […]

Bitcoin Extortionist Targeted Hal Finney and Others

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It appears that an extortionist is aiming to make life hard for certain bitcoin adopters.

It has been reported that during the final stages of his battle with ALS , early bitcoin enthusiast Hal Finney spent a long and arduous 30 minutes shivering on his front lawn while a SWAT team cleared his home.

It was the work of an alleged bitcoin extortionist, who after several failed attempts to extract $400,000 in bitcoin from Finney, finally […]

Microsoft: Bitcoin Regulation Will Influence Expansion Plans

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Global tech giant and Internet pioneer Microsoft ignited a new wave of interest in both bitcoin and its brand with its surprise December announcement that it had integrated the digital currency as a payment option for digital goods.

While widely lauded by the bitcoin community as a small but forward-thinking step, optimism about the move arguably reached fever pitch when just a day later its partner BitPay suggested Microsoft was already considering ways to expand […]

Bitcoin Wedding Industry Taking Off, iDIAMONDS Taking Bitcoins

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The digital currency wedding industry is taking off with iDIAMONDS offering diamond rings for Bitcoin. Following the first blockchain wedding at Coins in the Kingdom in late 2014, the wedding industry is taking note, as everything from rings to wedding dresses becomes savvy to the spending power of Bitcoin.

Online diamond and jewellery dealer iDIAMONDS is seeking to capture some of the US$ 4 billion value in the Bitcoin world, by pairing with BitPay to […]

Hyprkey: Almost Unhackable Authentication

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A company based out of New York City called HyprKey aims to accomplish a three-factor level of security that credit cards, Apple Pay, CurrentC and Bitcoin haven’t.

The day of paying for goods and services with our mobile devices instead of swiping credit cards is dawning.

Apple Pay links customers’ credit cards to their mobile payment system, their ads seem to be everywhere, and their presence is increasing in stores.Merchants like Walmart dislike these credit card […]

debate Bitcoin vs Gold Debate with — James G. Rickards and Roman Skaskiw

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Ecuador Officially Launches Its Own E-Money System

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Banco Central del Ecuador (BCE) announced it has officially entered into the first phase of the establishment of its own electronic cash system, asking citizens over 18 years old to open an account using their smartphones.

Starting from December 23, Ecuador citizens over 18 years old can open an electronic money account using a simple code that is required to be enter on their mobile phones, reads the official release . This date triggers the […]

Could Cryptocurrency Improve P2P File Sharing?

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The Pirate Bay The Pirate Bay may never make it to its teenage years.

The popular file sharing site, launched in 2003, was recently taken offline following a raid by Swedish police. It’s a sad event for a site that is supposed to be all about unassailable file sharing. Though resurrected versions of The Pirate Bay may already be back up online, the latest interruption to its service raises a host a questions.

What does this […]

Coinbase Is Tracking How Users Spend Their Bitcoins

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Coinbase has recently been demonstrating why consumer regulation is such a problem . The company seems to be tracking what their customers are buying with Bitcoin and closing any accounts involved in transactions that the company objects to.

It is probably no secret that Bitcoiners are not fans of regulation. What is generally misunderstood though is that the aversion is not to regulating in general. We understand that in the real world, the big financial […]

Future Alert: Wealth Sharing May Become the New File Sharing

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File Sharing I’ve been venturing into new subreddits lately (after patronizing /r/Bitcoin almost exclusively for a year). This branching out lead me to /r/cryptocurrency , where I stumbled upon a sort of manifesto for the decentralization of all the things. It’s compelling. Here’s a breakdown of the main points of the full piece , written by redditor aliensyntax . Unconscious Acts of Rebellion

“When file-sharing began on the internet, a process of disruption of […]

Russian Ministry Questions Proposed ‘Quasi-Money’ Ban

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Politicians rarely think about the long-term implications of policy proposals and nowhere is this more evident than in the Russian Federation.

Vladimir Putin’s policies have turned the Russian economy into a shambles and the icing on this particular cake may well be his policies concerning virtual currencies, according to Russia’s Ministry of Economic Development.

Putin recommended last March that “cash equivalents” be banned under Russian law. The Ministry of Finance (MinFin), Russia’s Central Bank and the […]

The Tor Onion Is Under Attack and Rapidly Disintegrating

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Roger Dingledine Tor founder Roger Dingledine has reported today that some of the network specialized servers have been compromised.

Websites on the Tor network have been under attack by government law enforcement agencies for more than a year, beginning with the take down of the first Silk Road last year.

Since that time, several other websites have been closed down by joint operations of the US Department of Justice and European police agencies. Reports today indicate […]

Russia and Bitcoin… No Longer Enemies?

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Russia and bitcoin have not exactly been on good terms.  The country showed a particularly strict attitude towards the digital currency and was looking to enforce a ban that would threaten any users with heavy fines and other forms of punishment should they engage in the “pleasures of bitcoin.”  It appears that while on the playground, Russia had primary control over the sandbox.

However, now that sandbox is possibly up for grabs.  Following the Ruble’s […]

Professor Kevin Dowd: “The regulations in NY regarding BitLicense are a kiss of death”

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Kevin Dowd Kevin Dowd is a professor of Economics and Finance at Durham University. A libertarian and fierce advocate of private money over government-issued and controlled alternatives, Dowd has written extensively about Bitcoin, in addition to presenting on the issues surrounding it.

Dowd is no evangelist, however; he recognizes the frailties of Bitcoin in its current form, and considers its continuing evolution to be endangering its innovative principles.

CoinTelegraph reached out to Professor Dowd for a […]

Bitcoin Review 2014 Part I: Price and Commerical Activity

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Bitcoin Review 2014 Part I: Price and Commerical Activity CoinTelegraph has put together a research report on Bitcoin’s journey through 2014. This year has seen many unprecedented events in cryptocurrency, and we’d like to highlight the main ones for readers.

The report contains infographics, summary text and exclusive commentary from our resident expert, Tone Vays.

The report will be published in three sections, with the first available below relating to Price and Commercial activity in Bitcoin […]

Bitcoin Is (Still) Not Doomed

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by John Light

Washington Post columnist Henry Farrell has just added himself to the Nakamoto Institute’s running list of skeptics making bold assertions about the certain demise of Bitcoin. In a post entitled “ Bitcoin’s financial network is doomed ,” Mr. Farrell demonstrates his short-sightedness in the face of Bitcoin’s subtlety and allure , perhaps as a cunning-though-not-so-original means of acquiring cheap coins for himself. Regardless of his motivations, I couldn’t resist a full rebuttal, […]

The 10 Most Influential People in Bitcoin This Year

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It’s safe to say that 2014 was an interesting year for bitcoin.

As core development on the bitcoin protocol continued to strengthen the technological foundation of the digital currency, members of the bitcoin community had a significant impact on the ‘front-end’ of the budding industry this year too.

With bitcoin and blockchain technology approaching – but yet to reach – mainstream adoption in society, it’s not enough that Satoshi Nakamoto’s invention stands on its own technological prowess.The […]

The 7 Biggest Crypto Scandals of 2014

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Even though 2015 is right around the corner, some might say that bitcoin was still in its ‘Wild West’ days throughout the course of this year.

While it’s easy to appreciate all of bitcoin’s best qualities – it’s cheap, fast and reliable, to name a few – it’s harder to ignore that bitcoin has also been associated with less desirable parts of life – like crime and scandal.

As the digital currency’s use cases are still […]

Circle’s Wishlist for Bitcoin Regulation in 2015

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John Beccia is general counsel and CCO for Circle, a consumer finance company that uses bitcoin technology to make money transfers and payments instant, secure, global and free.

In this article, he shares his wish list for regulators focused on digital currency. It’s the time of year when everyone is filled with holiday cheer and ambitious goals. As we turn the calendar page, it’s a moment for optimism and hope that not only will digital […]

Too Many Bitcoins: Making Sense of Exaggerated Inventory Claims

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A year ago, Finnish bitcoin entrepreneur Risto Pietilä attempted to compile a list of the top publicly known bitcoin holders.

Assuming his list is accurate (which it probably isn’t), if you add up the alleged top-20 largest holders of bitcoin, these individuals control roughly 4.44m BTC.

Yet when coupled with self-identification of organizational wallets (like Bitstamp did last year ), plus anecdotal talks at meetups, conferences and parties, it becomes clear that the sum total of […]

Markets Weekly: Bitcoin Stable Amid Global Oil and Metals Crash

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All was quiet in the bitcoin markets this week, with price and trading volume both remaining relatively flat.

The bitcoin price opened the week at $375.24 and climbed just under $2 to close the week at $377.09, according to the CoinDesk Bitcoin Price Index .

Bitcoins traded across all exchanges tracked by Bitcoinity fell slightly by 2.4%. The number of coins that changed hands for the week ending 30th November stood at 3.59 million, while the […]

HSBC & Goldman Sachs Under Fire Again

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A new attack on the predations of the financial industry was announced by Bloomberg  on Wednesday morning with the revelation of a lawsuit alleging that both HSBC Holdings Plc (HSBA) and  Goldman Sachs Group Inc. (GS) had jointly engaged in price manipulation of the precious metals market for at least eight years. 

Attorneys for the Plaintiffs, Modern Settings LLC , and a New York jeweler stated that this was the first lawsuit of its kind […]

Zennet to Pay for Distributed Computing With Blockchain Tech

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Zennet blockchain For several years now, kindly volunteers have been contributing their spare computing power to vast, distributed supercomputers, all in the name of worthy causes.

Spare computing cycles have been used for everything from scanning cosmic radio signals for signs of extraterrestrial life through to calculating climate change scenarios. Now, a new project hopes to let people charge for their spare computing cycles.

Traditionally, in a community grid project, one central resource (such as  SETI@Home ) […]

The Importance of Keeping Crypto Crowdsales Accountable

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For many entrepreneurs, one of the most compelling use cases of blockchain technology is the potential for it to enable new marketplaces that remove traditional hurdles associated with investing and crowdfunding.

The growing number of public crowdsales has been widely covered as of late. With these crowdsales, companies sell a branded bitcoin fork as a way to finance the early development of cryptocurrency-related projects. The popularity of many of the early crowdsales has sparked a […]

Bitcoin: New Plumbing for Financial Services

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Jonathan Levin is a digital currency consultant and entrepreneur. He previously co-founded and served as CEO of Coinometrics. Payment systems are systems of pipes and valves that allow monetary transfers between people all over the world. To most, they sit insulated from view. Even when in plain sight they evade comprehension. With large responsibility for errors and lack of acknowledgement for progress, there has been little innovation and construction of new pipes. Bitcoin represents […]

Digital Finance Institute Launched to Spearhead Fintech Regulation

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Story Highlights

Digital Finance Institute launched

Will spearhead fintech regulation Related Articles Earlier today, it was reported that a brand-new Digital Finance Institute launched with a mandate to work towards supporting international financial technology innovation with bonds regulation that addresses financial inclusion globally. The Institute has been put in place to serve as a sort of figurehead of global fintech support and regulation – something that has become a necessity as financial technology becomes […]

Decentral Launches Bitcoin Talk Show and Video Channel

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Decentral TV dashboard page Toronto-based co-working space Decentral has rebranded, dropping ‘bitcoin’ from its name and launching two new sites including a 24-hour bitcoin video news service.

This will include the new Bloomberg-like information dashboard site Decentral TV , and a redesigned version of the original Decentral.ca site, which itself has a new focus on news updates and informational content.

Co-founder Anthony Di Iorio told CoinDesk Decentral’s aim is to be "a home for decentralized and […]

ZDNet’s Ken Hess Attacks Bitcoin as ‘Illegal’

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The breaking news on Reddit today is an article by Ken Hess , “reporter” for ZDNet. The Reddit community seems to be in panic mode about Hess’s report that the United States Senate is poised to make Bitcoin illegal. A casual inspection of his report however makes his claims highly unlikely, at best.

Hess’s problem with Bitcoin seems to be that it is being used as a form of currency and that, under “Article 1, […]

Dutch Official: Bitcoin Transactions Probably Not Liable for VAT

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Jakob Kamminga, an official from the Dutch Ministry of Finance, has said that bitcoin transactions will "probably" be not liable for value added tax (VAT).

His comments were made during a debate on bitcoin and tax at VU University, Amsterdam, on Thursday.

This would mean that goods and services bought with bitcoin will only be taxed on the goods and services side of the transaction, as is the case with purchases done with fiat currency – not on both sides of the transaction, as is […]

Usual Suspects Return to Bid in Latest US Marshals Bitcoin Auction

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US Marshalls A second planned auction of 50,000 bitcoins seized by the US government from alleged Silk Road mastermind Ross Ulbricht is attracting many of the same bidders who participated in the June sale of roughly 30,000 BTC taken from the illicit website itself.

Many of the more notable participants from the first auction, including Binary Financial , Bitcoin Investment Trust , Bitcoins Reserve , Mirror (formerly Vaurum), Pantera Capital and angel investor Tim Draper will […]

Benjamin Lawsky Leaving the New York Department of Financial Services

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Benjamin Lawsky, an increasingly familiar name in the bitcoin space, is once again making the news.

Lawsky, presently serving as the Superintendent of the New York Department of Financial Services ( NYDFS ), is reportedly leaving the regulatory body some time next year, according to a report published last week by  Bloomberg .

Under Lawsky’s watch, the NYDFS collected over $3 billion in fines from banks, called for the termination of executives, and overall came down […]

Last Event in Russia? Bitcoin Conference Returning to Saint-Petersburg

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Bitcoin Conference is headed to Saint-Petersburg and CoinTelegraph is proud to announce that it will be the official general media sponsor of the event.

Enter the promo-code COINTELEGRAPH to receive a 10% discount on the ticket price. Last Event in Russia? Bitcoin Conference Returning to Saint-Petersburg When and Where

Bitcoin Conference is returning to Russia’ cultural capital, St. Petersburg, after the success of the #CryptoForum Conference held back in August of this year. The event […]

Blockchain Factory Is Creating The Tools For Today And Governance Services For Tomorrow

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G+5Pinterest1 reddit Upvote Downvote submit inShare 4Art by: Jing Jin Last month we brought you an interview with Nathan Wosnack, David Mondrus and Matt McKibbin, who had left the crowdfunded Bitnation days before the launch of its crowdsale due to concerns over transparency, customer/investor protection and potential regulatory issues. Last week, we caught up with two of the former Bitnation members, Nathan Wosnack and David Mondrus, to talk about what they […]

“Uncoinventional” Bitcoin Only Tour Does Libertopia

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When John and I were invited to speak at Libertopia this year, I was extremely excited about the prospect of visiting California again. The last time I had been that far West was February of 2011 for the Freedom Law School Conference in Ontario, California. I happened to be pregnant at the time and I also happened to be selected for the body scanner when trying to board our flight home. To make a […]

Crypto 2.0 Roundup: Ethereum’s Counterparty Fork and a Vote for Colored Coins

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Moving into the holiday season, the crypto 2.0 segment of the bitcoin industry continues to garner increasing attention for its efforts to expand the potential use cases for blockchain technology.

However, after months of heightened activity and exciting launches that saw the community come into sharper focus, the last few weeks have shown that the sector may now be focusing on refining its message for a wider audience. Ethereum fires back at Counterparty

Arguably the most […]

Australian Senate Hearings into Digital Currencies to Start Wednesday

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Australian Senate The Australian Senate will hold its first hearing into digital currencies this Wednesday morning (local time) from 8:30am–12:30pm, part of the Digital Currency Inquiry (DCI).

Representing the international community at the hearing will be Perianne Boring of the US Chamber of Digital Commerce (CDC), the trade association which has made a name for itself lobbying to educate and promote digital currency issues among US policy makers.

A live audio/video feed of proceedings will be […]

Why Bitcoin Needs an Aggressive Legal Defense

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Justice statue Across the board, bitcoin requires forceful and aggressive legal defense, not complicity with governments in crafting policy and regulations. It’s going to get a lot rougher for bitcoin in the months and years ahead. We have to be prepared.

As Rick Falkvinge, author of Swarmwise , states , "The copyright monopoly war wasn’t the war, it was the tutorial mission. The Internet generation is using technology to assert its values and its place […]

UK Study: Bitcoin Familiar to 71% of Brits but Suffers from an Image Problem

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The Digital Currency Council’s recently released study on UK citizens reveals that Bitcoin’s biggest challenges are around adoption and communications, and that digital currencies have got a persistent reputation problem.

It is in light of the call for information made by the government of the UK earlier this month that the American organization the Digital Currency Council released on Wednesday a study conducted by UK strategic research firm, Reputation Leaders , on UK citizens’ sentiments […]

Internet Gambling Ban: Bitcoin Boom or Bane?

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It would be difficult to find a nonpolitician to agree that the United States has anything close to a functional Congress. The conservative wave that seems to be sweeping the United States political world actually does little to defend an entity that does not contribute heavily to its political ambitions. The new Congress, now completely controlled by conservatives, seems to be bent on continuing its attacks on regular citizens with this suggested new proposed […]

New Research Links Bitcoin Price Spikes to Media Hype

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Chalkboard, price A new research paper aims to understand bitcoin’s price fluctuations and usage patterns through empirical analysis. Notably, the work finds a positive link between media attention and the value of the cryptocurrency.

“The rise of bitcoin has generated interest from the media and scientific community. However our knowledge of this innovation is still insufficient, particularly when examined from perspectives of finance and economics,” the study says.

To address this gap, the researchers conducted two complementary empirical investigations. The […]

Levine on Wall Street: Massive Mergers and Mass Hysteria

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News Roundup

More merger Monday.

Bloomberg’s MA function tells me that 98 mergers and acquisitions were announced yesterday, including the acquisitions of five malls by Macerich and eight farms by Farmland Partners . But the headline is the $100 billion or so in two deals , Actavis/Allergan and Halliburton/Baker Hughes, which between them will probably bring in over $300 million in fees for their advisers, and that’s not even counting the fees that […]

The Factom Protocol Aims to Extend Bitcoin 2.0 Technology’s Usage to Traditional Spheres

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G+Pinterest reddit Upvote Downvote 3 points inShare 1Factom, a recently announced decentralized protocol aiming to solve the Bitcoin blockchain’s problems of speed, cost and bloat, releases API and white paper.The lead developers of Factom , a new protocol built upon the Bitcoin blockchain, announced on November 17, the release of its white paper and API, according to an official announcement.The founders of Factom conducted an AMA (Ask Me Anything) session on /r/Bitcoin […]

Uniting Separated Families with ‘Rebittances’: Interview with Filipino Company, Satoshi Citadel Industries

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Satoshi Citadel Industries John Bailon is Co-Founder and CEO/CTO at Satoshi Citadel Industries (SCI), a Filipino Bitcoin startup aiming to improve the lives of Filipinos with smart and innovative products related to Bitcoin.

As of today, the ventures company offers as much as 7 Bitcoin centered products, including the country’s first Bitcoin bills payment system Bills Ninja , the Philippines’ premier ‘rebittance’ service Rebit.ph , and recently launched the country’s first order book exchange , […]

Bitcoin Analysis: Week of Nov 16 (Arbitrage)

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Bitcoin Analysis Note From the Author: Please follow me on Twitter ( @Tone_LLT ) for additional updates to the state of Bitcoin’s price volatility. Last Week’s Review

Due to the volatile action of Bitcoin, a special Mid-Week Update was published and in it we concluded with the following:

As we said over the last few weeks, a break of US$420 turns all of our time frames Bullish, but not only was that not expected […]

Third of Sites Seized in Operation Onymous Were ‘Clones’

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Sign showing FBI emblem at FBI headquarters. A third of the 414 dark net addresses seized in Operation Onymous may have simply been ‘cloned’ sites with no actual illicit commercial activity taking place on them, according to new research by independent security analyst Nik Cubrilovic.

In a blog post presenting his findings, Cubrilovic says 11 dark markets with commercial activity taking place on them remained operational, while their clones had been seized.

"Some of these sites were […]

Regulation Takes Center Stage at Bloomberg Bitcoin Event

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The importance of regulation was the topic of the day as industry heavyweights joined current and former regulators at Bloomberg’s bitcoin conference yesterday.

Bitcoin: Beyond the Currency , held at the organization’s global headquarters in New York, drew an audience of roughly 200, many of whom were investors and other denizens of Wall Street.

Former SEC chairman and recently appointed advisor to BitPay and Vaurum Arthur Levitt told the audience that there is a lot of work still […]

LAST CALL! Inside Bitcoins to Launch in Paris This Week – Get 10% OFF!

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Inside Bitcoins is kicking off their inaugural Paris event on November 20-21, and we’re offering our readers 10% OFF with the discount code BMAG14!

The conference, which will take place at Espaces Cap 15, will explore the growth of crypto currencies, FinTech, business trends, investment strategies, tools and much more. Don’t miss your opportunity to explore where the industry is today and what business opportunities and threats are in the horizon, with keynotes from Nicolas […]

Gavin Andresen, Bitcoin Redeemer (Op-Ed)

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In a November 6 interview in Dublin, Ireland, recorded at this year’s Web Summit , Gavin Andresen called Bitcoin “shady.”

He was speaking of Bitcoin in the past, and said, “We’re quickly evolving to something that is much more mainstream, much more accepted, much easier to use.” Speaking with the Wall Street Journal’s Lisa Fleisher , he talked about the future — of Bitcoin, mining, money, regulation and the world. “The biggest misconception is still […]

Term Sheet — Friday, November 14

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Facebook Google Plus Linkedin Share iconsReddit, the online comment and aggregation site that boasts 175 million users, yesterday announced that CEO Yishan Wong had resigned due to a disagreement over new office space. He will be succeeded on an interim basis by business development head (and former VC) Ellen Pao, while co-founder Alexis Ohanian will return as full-time executive chairman.I spent some time on the phone with Pao […]

Bit-Curious? Bank of Canada Flirts with Bitcoin despite ‘New Risks’ to Status Quo

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Bank of Canada On November 13, Bank of Canada Senior Deputy Governor Carolyn Wilkins gave a speech at Wilfrid Laurier University in Waterloo, Ontario, on ‘Money in a Digital World,’ where she tackled the topic of ‘e-money,’ dissecting both the benefits and risks of such innovations, and said that Canada’s central bank was "undertaking research on the potential merits of issuing e-money."

"There are two types of e-money that I want to talk about today," […]

What Ban? Russia’s VK.com is Mining Bitcoin

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This year, at Riga’s International Economic Forum , CoinTelegraph had the chance to catch up with Yuri Ivanov , Head of Partner Relations at Russia’s largest and most popular social network, Vkontakte (VK.com).

As of January 2014, VK.com had at least 239 million accounts. VK is ranked 8th (as of August 1, 2014) in Alexa’s global Top 500 sites and is the 2nd most visited website in Russia, after Yandex .

Yuri has more than 10 […]

Australian Government: Welfare Applicants Must Declare Bitcoin Assets

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Australia Parliament Building Canberra A small addition to a pension application form provoked interest in Australia yesterday, with its request that applicants declare their "cyber currency" assets such as bitcoin.

A printed reference to bitcoin value in a government-issed document such as this, according to a digital currency legal expert, "legitimizes the concept of digital wealth beyond a niche area".

On page 14 of the application form published by the Department of Human Services (DHS), bitcoin […]

Cryptowall Ransomware Nets $500 Bitcoin Payout From US Sheriff’s Office

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Computer malware A county sheriff’s office in Tennessee paid a $500 ransom in bitcoin after it became the victim of a cyberattack this week.

As reported by Nashville-based WTVF-TV , the Dickson County Sheriff’s Office ran afoul of a bug known as Cryptowall, a derivative of infamous ransomware  CryptoLocker .

Cryptowall is a Trojan horse program that, once inside a computer, encrypts its contents and triggers demands for a payment in bitcoin. The firm’s estimates suggest that […]

The Flipside Bitcoin News #6: Ethereum Vs Counterparty movie, Changetipping, Mr Bitcoin Jedi Knight

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Tips: 1Q7VE7Auaz97FREQCUyUv1AwYTae3hY78D

Episode 06:

The illuminati implant tracking devices into Mr Bitcoin’s hands.Exclusive movie trailer for the Ethereum vs Counterparty story, called This Is Gentlemen.NCR Silver integrates BitPay and Bitcoin payments for merchants and consumers.Super Nintendo Benjamin Lawsky will be putting down his controller after finishing his game of Bitcoin regulation.Tipping Tuesday is a thing now with a noticably large increase in bitcoin tipping through Changetip.Well, that’s it. Keep the fun hashing through the blockchain and […]

Reddit’s new CEO may not be ‘interim’ for long

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Asking anything of new Reddit CEO Ellen Pao and company co-founder Alexis Ohanian.

Reddit, the online comment and aggregation site that boasts 175 million users, today announced that CEO Yishan Wong resigned last week due to a disagreement over new office space. He will be succeeded on an interim basis by business development head Ellen Pao, while co-founder Alexis Ohanian will return as fulltime executive chairman.

Fortune spent some time on the phone […]

Inside Bitcoins Paris Unveils Full Agenda, Speakers

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With the recent successes in London, Las Vegas and Tel Aviv, Inside Bitcoins Conference and Expo , has proven to be one of the leading trade shows for the fast-growing Bitcoin and related cryptocurrency industry.

Inside Bitcoins will now make its debut in Paris, France on November 20-21, 2014 , and CoinTelegraph is excited to continue its partnership and offer our readers an exclusive discount. Enter the code TELEGRAPH to receive a 10% discount on […]

BitLicence Creator Benjamin Lawsky “To Step Down in Early 2015”

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SHA256 ALGORITHM HASHRATE: 299.4 Ph/s Embattled New York superintendent of financial services Benjamin Lawsky is rumored to be stepping down from his post in 2015.

Sources told the New York Daily News the departure is expected as part of a reshuffle of several key positions, with Governor Cuomo’s chief aide Larry Schwartz and others also tipped to leave next year.

“Department of Financial Services Superintendent Benjamin Lawsky is also expected to leave in early 2015 — […]

Top 10 Risks Associated with Bitcoin Presented by Finance Professor at World Bank Forum

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SHA256 ALGORITHM HASHRATE: 302.8 Ph/s Mark Thomas Williams, a faculty member in the Finance and Economics Department at Boston University, presented his top-10 most significant risks associated with Bitcoin at World Bank forum.

Professor Williams was invited to speak about ‘virtual currencies’ at the World Bank’s Law, Justice and Development (LJD) week, held from October 20 to October 24, 2014, at the World Bank Headquarters in Washington.

On October 21, Williams discussed the topic ‘ Virtual […]

Canadian B&B Owner Working to Create ‘Bitcoin Village’

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G+4Pinterest reddit Upvote Downvote 9 points inShare 4Like many of us, David Mancini first learned about Bitcoin after reading a sensational news story, in this case a story about an early Bitcoin adopter who threw away a hard drive with thousands of BTC on it and no backups.While that user’s grave misfortune hooked his interest, it was the opportunity inherent in digital currencies that caused him to […]

Singapore Crypto Conference Brings Together Academia, Businesses and Regulators

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G+1Pinterest reddit Upvote Downvote submit inShare 2While much of the payments and financial world was in Las Vegas at Money20/20 last week, about 250 researchers, business people and policymakers met in Singapore to have a frank conversation about the Asian financial hub’s role in the cryptoeconomy.The Sim Kee Boon Institute for Financial Economics at Singapore Management University hosted the two-day conference on November 4 and 5 in […]

Former Federal Reserve Bank Examiner Mark T. Williams Says Bitcoin May Attack Sovereignty

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Former Federal Reserve Bank Examiner Mark T. Williams Says Bitcoin May Attack Sovereignty Former Federal Reserve Bank Examiner Mark T. Williams believes that if adopted in its current raw form, Bitcoin has the potential to undermine the longstanding bond between sovereign and its currency . His statement came when he was presenting his views on Bitcoin’s sovereign attack risk at the World Bank Conference.

This though is not a new issue as Bitcoin has long […]

Here’s How a Dark Market Bot Sent Ecstasy to an Art Gallery

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Yellow Twitter pills delivered to the Random Darknet Shopper installation. Source: !Mediagruppe Bitnik Last week, a padded envelope was delivered to the Kunst Halle St Gallen, a sophisticated contemporary art gallery in the city known as the gateway to the Swiss Alps.

The envelope contained a DVD case, which held a vacuum-sealed aluminium foil packet. Inside the packet was a transparent plastic pouch containing 10 yellow tablets stamped with the Twitter logo, a fluttering bird.

The tablets were […]

This is How Factom Can Solve Blockchain’s Bloat AND Scalability Issues

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This is a transcript of Factom’s introductory video . Speaking is President of Factom, Peter Kirby.

The Bitcoin blockchain is one of the most amazing technologies we’ve ever come up with. It allows us to write a permanent system of record of basically anything, and it’s stored in a distributed way, with ten thousand different nodes protecting it. So, of course, everyone is really excited about all the opportunities to develop on top of […]

Bitcoin Analysis: Mid-Week Update Nov 13 (Manipulation?)

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Bitcoin Analysis Note From the Author : Please follow me on Twitter ( @Tone_LLT ) for additional updates to the state of Bitcoin’s price volatility Last Week’s Review

Just a few days ago we concluded with the following:

We remain slightly Bearish long-term though acknowledge that the price may be breaking our descending trend line . Still pretty Bearish intermediate term unless we see prices move back into the US$400 range but we are […]

OpEd: US Senator Ted Cruz Takes Aim At Net Neutrality, And Misses

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Ted Cruz Art by: Jing Jin

Ted Cruz might still be considered a newbie to the United States Congress the splash that he has made in his short time there can only be considered a building tsunami. Cruz has been compared by several media personalities as the 21st Century version of anti-Communist crusader Joe McCarthy from the 1950’s and he led the charge to shut down the US government: Twice. But now the obstructionist […]

“Regulations Will Be Used to Prevent Mainstream Adoption” – Stefan Molyneux

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G+2Pinterest reddit Upvote Downvote 1 point inShare 2Love him or hate him (I frequently do both), philosopher Stefan Molyneux makes an interesting point when he says that while many stand to see incredible lifestyle gains from Bitcoin, others stand to lose. And it’s those who stand to lose who will try to foil Bitcoin at every turn.But, Molyneux says, many in the Bitcoin community are mistakenly seeing the blatant attempts to hamper […]

Russia Lowers Proposed Penalties For Bitcoin Activities

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Russia’s Ministry of Finance has reduced the proposed fines both individual and institutional bitcoin users would potentially face for creating, issuing or promoting digital currencies under a draft bill that seeks to outlaw the use of so-called "money surrogates" like bitcoin.

The updated bill decreases penalties for individuals, who under the latest version would only incur a maximum 50,000 ruble fine (roughly $1,050), down from 60,000 rubles ($1,314) in the previous iteration.

Under the new terms , individuals […]

[Live Video Stream] Libertopia 2014

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Libertopia 2014 Live Stream Poster v01a.min The Libertopia Festival will be held in San Diego, California for its fifth year on November 14-16 and will be hosting a slew of speakers discussing Bitcoin and related topics. This unique festival/conference has the usual conference offering of speakers and an exposition hall but extends far beyond stages and booths, in the spirit of freedom which is what the event aims to embrace and promote.

Libertopia 2014 is a […]

Richard Branson Backs Digital Currency Ahead of Australia Summit

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Richard Branson stock image Sir Richard Branson has voiced his support for bitcoin ahead of the Global Digital Currency Conversation (GDCC) forum in Brisbane, Australia, this Sunday.

The GDCC  is due to coincide with this year’s G20 Summit  on 16th–17th November, at the close of the G20 event. Organisers say it aims to facilitate discussion and "formalise a global agreement on digital currencies" before Turkey’s G20 conference in 2015.

Branson, a prominent bitcoin advocate, first  announced his support for the Australian […]

Inside Bitcoins Paris is TWO WEEKS AWAY – Get 10% OFF!

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We’re excited to be continuing our partnership with Inside Bitcoins Conference and Expo , the leading trade show for the fast-growing bitcoin and related cryptocurrency industry, as they launch in Paris in just two weeks! The full schedule for this leading crypto event is now live, and will feature sessions from many industry leaders. See the full roster of speakers here!

Nicolas Cary, CEO of Blockchain.info will deliver a morning keynote on November 20 […]

Epicenter Bitcoin Ep 51: ‘Everything that can be Decentralized will be Decentralized’ – David A. Johnston

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Epicenter Bitcoin Ep 51: ‘Everything that can be Decentralized will be Decentralized’ – David A. Johnston “If a government isn’t integrating blockchain technology in the next 5 or 10 years, not only will they be obsolete, but their currency will be gone.” – David Johnston In the latest episode of Epicenter Bitcoin , Brian Fabian Crain and Sebastien Couture were joined by David Johnston. David is the Co-founder of BitAngels , a board member […]

The Bitcoin Group #55 – Silk Road 2.0 Shutdown – Crypto Equity Crackdown – Lawsky Keynote

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THIS WEEK:
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Gavin Andresen: I don’t want to be ‘king of Bitcoin’
http://www.usatoday.com/story/tech/20… Bitcoin Billionare Review http://toucharcade.com/2014/11/07/bit… Bill Nye supports Bitcoin https://www.cryptocoinsnews.com/bill-… Silk Road 2.0 was just the first: police seize more Tor-shielded darknet sites http://www.engadget.com/2014/11/07/op… Silk Road 2.0, infiltrated from the start, sold $8M per month in drugs http://arstechnica.com/tech-policy/20… Shutting Illegal Websites, Authorities Say They Pierced Tor Anonymity http://online.wsj.com/articles/illega… How the FBI just made the world a more dangerous place by shutting down […]

laBITconf RIO 2014: First World-Class Bitcoin Conference in Brazil

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SHA256 ALGORITHM HASHRATE: 281.8 Ph/s This December 6th & 7th, laBITconf RIO 2014 will not only be the first world-class Bitcoin Conference to be hosted in Brazil, but also the most important conference of the year in Latin America.

CoinTelegraph is proud to announce that it will be the official media sponsor of laBITconf RIO 2014. laBITconf Agenda

This year’s laBITconf RIO 2014 will be building on the success of laBITconf Buenos Aires 2013, which […]

Gavin Andresen Rejects Bitcoin Centralisation Concerns at Web Summit

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Gavin Andresen Web Summit The Bitcoin Foundation’s chief scientist Gavin Andresen has given his opinions on a variety of issues at this year’s Web Summit – an annual event held in Dublin, Ireland, that attracted more than 20,000 attendees this year.

The summit  has established itself as an important date on the calendars of technology investors, startups and even rock stars, like U2 frontman Bono, who attends regularly.

Andresen gave a wide-ranging interview to the Wall Street Journal […]

Bitcoin Ponzi Schemer Charged With Criminal Securities Fraud

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Trendon Shavers, a Texas man who ran a scam investment scheme called Bitcoin Savings and Trust, has been arrested in his home state.

The charges filed against Shavers today are one count of securities fraud and one of wire fraud.

Each charge has a maximum penalty of 20 years with potential fines totaling upwards of $5m.Shavers, 32, has already been fined $40m by a federal judge in north Texas  in a Securities and Exchange Commission (SEC) -related […]

Day of Reckoning for Dark Markets as Hundreds of Illicit Domains Seized

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Silk Road 2 seized At least 400 dark net web domains have been seized and 17 individuals individuals arrested in connection with Operation Onymous, an ongoing global cybercrime crackdown.

A number of high-profile dark net markets, most notably Silk Road 2.0 , have been shut down by law enforcement agencies in the US and Europe in the past 48 hours. The European Union’s Judicial Cooperation Unit, or Eurojust , reported on 7th November that 414 web domains […]

Sir Richard Branson Endorses the Australian Digital Currency Commerce Association

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Sir Richard Branson Endorses the Australian Digital Currency Commerce Association Sir Richard Branson explains why he endorses the Australian Digital Currency Commerce Association and supports Bitcoin in an op-ed.

The founder of Virgin Group Sir Richard Branson, published an op-ed on the Australian Digital Currency Commerce Association’s blog, where he expresses his opinion on why he believes in Bitcoin’s disruptive potential, and addresses his support to the Australian Digital Currency Commerce Association (ADCCA) for its […]

Cops in the Republic of Ireland Seize 2m Euros of digital currency from the Darknet

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Cops in the Republic of Ireland Seize 2m Euros of digital currency from the Darknet The Darknet, an encrypted version of the internet that enables anonymity, has become a tool that is being used by drug peddlers, has been exposed in Ireland by the Irish police. According to the local reports police in the Republic of Ireland has seized almost 2m Euros of digital currency and drugs in an operation targeting international drug selling […]

Texan charged in first bitcoin securities fraud Ponzi case

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NEW YORK (Reuters) – A Texas man who operated Bitcoin Savings and Trust was charged on Thursday with bilking his investors, in what prosecutors called the first federal criminal securities fraud case arising from a bitcoin-related Ponzi scheme.

Trendon Shavers, 32, of McKinney, Texas, was charged with misappropriating about 146,000 of the 764,000 bitcoin, then worth more than $4.5 million, that he raised from September 2011 to September 2012 by promising investors "absurdly high" interest […]

Silk Road 2.0 Seized, Alleged Operator Unmasked in FBI Crackdown

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The Federal Bureau of Investigation (FBI) together with the US Attorney for the Southern District of New York have announced that they have arrested ‘Defcon’, the operator of illicit black market website Silk Road 2.0.

At press time, the Silk Road 2.0 marketplace was no longer operational, with the website displaying a disclaimer that it had been taken down by Europol, Eurojust, the FBI, US Department of Justice and US Immigration and Customs Enforcement.

Authorities arrested […]

Canadian Bitcoin Company Faces Increased Allegations from FCAA

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SHA256 ALGORITHM HASHRATE: 308 Ph/s Another Bitcoin mining company, this time in Canada, is facing fines from government regulators.

The Dominion Bitcoin Mining Company of Saskatchewan has been under a cease-trade order since May of 2014. The order, issued by the Financial and Consumer Affairs Authority (FCAA) was originally filed because the FCAA accused the company of seeking investors without properly registering their intent. While the original order has since expired without penalty it seems […]

DigitalTangible Brings Bitcoin-Linked Precious Metals to Europe

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SHA256 ALGORITHM HASHRATE: 286.3 Ph/s DigitalTangible has been providing customers with blockchain-recorded metals ownership from its San Francisco location. Today in a welcome move for sound money-lovers across the pond, DigitalTangible has just announced their new partnership with Bitgild (Netherlands) and BitcoinCommodities (Germany) to serve the European market.

It’s not smart property (yet), but ownership of DigitalTangible’s gold and silver is recorded on the Bitcoin blockchain using Counterparty , Colored Coins and Mastercoin . The […]

Google Deploys BTM at London HQ with Unique Features

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SHA256 ALGORITHM HASHRATE: 286.3 Ph/s Google is behind the latest installation of a Bitcoin ATM in London, it has emerged, with its East London Campus hosting the company’s latest foray into digital currency.

The machine, which is the sixth in the UK capital to allow purchase of BTC with a credit or debit card, is a joint venture between Google and three start-ups Callsign , Wyre and Bitbuddy . The first two are incumbent Campus […]

Google Search Study Hints at ‘Shady Truth’ of Bitcoin Users

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Researchers at the University of Kentucky have published a new paper examining the characteristics of US bitcoin users based on an analysis of Google search data.

The paper, titled " Characteristics of Bitcoin Users: An Analysis of Google Search Data ”, resulted in some rather controversial conclusions about the types of people that appear to be using the digital currency. However, even the researchers admit little is known about the average bitcoin user due to the lack of systematic data […]

6 Top Responses from Bitcoin Foundation Head Patrick Murck’s Reddit AMA

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Patrick Murck Newly elected executive director of the Bitcoin Foundation Patrick Murck participated in an ask-me-anything (AMA) session on Reddit today, engaging the bitcoin community in a wide-ranging discussion to mark his new appointment.

Murck assumed his new position last week following the resignation of Jon Matonis, who will serve on the foundation’s board through the year. Under its new direction, Murck indicated that the organisation will continue to defend bitcoin to policymakers and policy-focused […]

Coin Brief Podcast #21: Bitcoin Foundation Shakeup, BitLicense Evolution, Regulatory Capture, & More

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Visit us at http://coinbrief.net/ and follow us on social media!
Twitter: https://twitter.com/CoinBrief
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Sean Wince: https://twitter.com/SeanWince
Evan Faggart: https://twitter.com/EvanFaggart Bitcoin Foundation’s New Head Patrick Murck Outlines Future Plans http://www.coindesk.com/bitcoin-found… Ex-SEC Chief: Bitcoin Companies Need Compliance To Succeed http://www.coindesk.com/ex-sec-chief-… Benjamin Lawsky Keynote – Money 2020 – Nov 2, 2014 https://www.youtube.com/watch?v=d6csV… PayPal Exec Leaves to Take Compliance Lead at Bitstamp http://www.coindesk.com/paypal-bitsta…

In Pattern of BitLicense, the UK Treasury Willing to Bring in Bitcoin Regulations

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In Pattern of BitLicense, the UK Treasury Willing to Bring in Bitcoin Regulations Realizing the importance of regulation for Bitcoin, the UK Treasury is seeking advice from members of the Bitcoin community . Looks like the government agency is inspired by the steps being taken by NYDFS head Ben Lawsky who brought in BitLicense to regulate Bitcoin companies in New York so that consumers’ rights are protected.

Thus, following in the footsteps of regulation practices […]

Lawsky’s ‘Temporary BitLicense’ proposal for NY start-ups

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SHA256 ALGORITHM HASHRATE: 299.6 Ph/s The creator of the controversial BitLicense legislation has sought to make its effect more palatable for New York start-ups by offering them a form of temporary coverage.

Speaking at Money20/20 Las Vegas , superintendent of financial services Benjamin Lawsky announced the issuing of temporary licences to “smaller start-ups” in order to “let them grow” prior to being subject to the full extent of the law, Bloomberg notes .

“There has to […]

While Price Falters, Bitcoin’s Institutional Acceptance Grows

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While Price Falters, Bitcoin’s Institutional Acceptance Grows It’s been a lackluster year for the price of bitcoins. In a few days, fans of the fledgling digital currency will come face to face with a reality that few would have thought possible at this point last year: in a one year time-frame, the price of a bitcoin has fallen.

This has been a stunning turn of events for an asset that saw extreme price growth at […]

Paypal’s Jean-Baptiste Graftieaux Leaves For Bitstamp

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G+1Pinterest reddit Upvote Downvote submit inShare 2Art by: Jing Jin A major Paypal executive is taking his talents to the Bitcoin industry, leaving payment processing giant Paypal to take a position at Bitstamp. Jean-Baptiste Graftieaux was Paypal’s chief compliance officer (CCO) and will be taking the same position with Bitstamp. As first reported by CoinDesk , Graftieaux worked for Paypal as their COO of their European, African and […]

Markets Weekly: Price Slump Continues While Transactions Rise

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Antique cash register The bitcoin price continued its decline this week, deepening losses that began last week. However, fundamentals suggest there may be reason for optimism in the long-run.

Bitcoin was trading at $352 at the start of the week, close to its high for the period. It dropped to a low of $320 on Saturday. It closed the week at $325, losing $27 over the seven days. That’s a drop of about 8%.

To put […]

FTC Granted Approval to Sell Off Butterfly Labs’ Bitcoins

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The Federal Trade Commission (FTC) has secured the authority to begin converting Butterfly Labs’ bitcoin holdings into cash reserves.

The motion was granted by the US District Court for the Western District of Missouri on 29th October and marks the latest update in the case that began when the FTC filed a lawsuit against the company for fraud and misrepresentation this September .

At the time, Butterfly Labs was closed pending trial, although it has resumed […]

Swarm #1: Rick Falkvinge’s SwarmOps Project

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Swarm #1: Rick Falkvinge’s SwarmOps Project Rick Falkvinge, the author of Swarmwise  (inspiration for Ethereum ) and founder of the Pirate Party , plans on shaking up the world with his new project called SwarmOps, which will be fully presented at the Swarm Demo Day this week on November 5th. Rick Falkvinge is founder of the Pirate Party + SwarmOps and the author of Swarmwise. Ruben Alexander: What motivated you to start the Pirate Party?

Rick […]

Cryptocurrency Trading News: Bitcoin and Litecoin Attempting to Recover

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Cryptocurrency Trading News: Bitcoin and Litecoin Attempting to Recover ForexMinute.com – Last 24 hours in the cryptocurrency market were somewhat optimistic as both Bitcoin and Litecoin recovered from the vulnerable falling channels. The short-term bullish sentiment was further reflected in other altcoins, including Dogecoin, NXT and Peercoin. Darkcoin, on the other hand, slipped massively by the end of 11/2 trading session due to low volume.

Cryptocurrency market also saw some positive events over the weekend […]

HSBC profit hit by multiple misconduct provisions

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U.K. bank sets aside $1.6 billion for three separate issues–and may face penalties for helping French clients to evade taxes.

HSBC Holdings Plc HBC became the latest of the world’s top banks to book a hefty charge against earnings as it prepares to settle with regulators over allegations of manipulating the foreign exchange market.

HSBC’s announcement follows similar ones from Lloyds Banking Group Plc LYG , Royal Bank of Scotland Plc RBS , Deutsche […]

Bitcoin Analysis: Week of Nov 2 (Intro to Stochastics)

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Bitcoin Analysis: Week of Nov 2 (Intro to Stochastics) Note From the Author: Please follow me on Twitter ( @Tone_LLT ) for additional updates to the state of Bitcoin’s price volatility Last Week’s Review

In last week’s post we concluded with the following statement:

We are as neutral across the board as can be, with the Long-term chart looking borderline Bearish once again. What looked like a great buying opportunity and continuation of […]

Benjamin Lawsky Proposes Transitional BitLicense for Small Cryptocurrency Firms

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Tweet 0inShare 1 Share Email CevherShare Like 1 Tweet inShare Share Email ForexMinute.com – In his crucial speech at a Las Vegas event, Benjamin Lawsky proposed “Transitional BitLicenses” to reduce the regulatory burdens from the small-time cryptocurrency businesses. As per the words of the NYDFS […]

Bitcoin News Mash-Up: Silk Road Bitcoins Auction; NYDFS New Bitcoin Proposal; and More

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Tweet 0inShare 2 Share Email CevherShare Like 2 Tweet inShare Share Email Following are the major Bitcoin news of the day Australian Officials Announced to Sell Busted Bitcoin Almost after two years of Richard Pollard, the notorious Silk Road-fame […]

Finance Ministers in 51 Countries Declare Bank Secrecy Act ‘Obsolete’

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Finance Ministers in 51 Countries Declare Bank Secrecy Act ‘Obsolete’ Finance ministers from more than 50 countries recently signed the Multilateral Competent Authority Agreement, with another 30 countries pledging to sign the agreement by 2018. 

The agreement, signed in Berlin, is an effort to end what the US Bank Secrecy Act, which they called “obsolete.” The ministers met for two days in a summit arranged by the Organization for Economic Cooperation and Development (OECD) and […]

Lawsky: NYDFS Considering Transitional BitLicense for Small Startups

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The New York Department of Financial Services (NYDFS) has announced that it is considering creating a special type of transitional BitLicense tailored to the needs of small businesses and startups.

The special licensure would allow bitcoin startups that meet certain criteria to operate within a more flexible regulatory framework for a yet-to-be-determined period of time, during which examinations on the business would be conducted.

The formal announcement of the NYDFS’ shift in strategy came during superintendent […]

072 Legal Name Lawsuits Trials Court Comedy JCCVW Justice Anonymous Bitcoin Crypto Tax Privacy Music

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www.facebook.com/JCCVWJusticeCourtComedy­InVirtualWorlds
www.twitter.com/VanosEnigmA +@SoulTradeGame #FollowBack
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What is #SoulTradeGame? watch this: http://youtu.be/04zJNFTXj8A?list=UUq7… If you like If you like #LIBERTY+#INNOVATION +#FreedomOfExpression -use #CreativeCommons!!! Every time I listen to #News on #TV or elsewhere about #IntellectualProperty – #Law I get sooo #Angry… This #EVIL #Law inhibits me in my #Work #Innovation + #Creativity + #FreedomOfExpression is inhibited by #IntellectualProperty – #Law This is one of my videos with translation into #Spanish+#German: : http://youtu.be/uSDv8biXRsU?list=UUq7… The […]

Deal With Clevercoin Might Just Save Justcoin

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SHA256 ALGORITHM HASHRATE: 300.3 Ph/s Art by: Jing Jin

Update: Justcoin has responded to our questions indicating that no such deal is imminent and stresses that they are still focused on getting users to withdraw their funds. Stating: "We’ve been contacted by many other digital currency businesses since our announcement. Right now, our focus is on making sure our users withdraw their funds."

Justcoin had a bad October. After controversy regarding an issue with the […]

Butterfly Labs vs. Robogate: A Revealing Case Study in Justice

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G+2Pinterest reddit Upvote Downvote 1 point inShare 1As happens in all brand-spanking-new industries, the first actors who come to market aren’t vetted yet. The vast majority of merchants in the cryptocurrency space don’t have lengthy records of successful service—in fact, most of them haven’t even existed for more than a year or two. The buyers, too, are all relatively new to the digital money marketplace.This combination of […]

Bitcoin Foundation’s New Head Patrick Murck Outlines Future Plans

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Patrick Murck The Bitcoin Foundation’s new executive director Patrick Murck has outlined his priorities for the organization’s "new direction" and its relationship with stakeholders.

His statement follows yesterday’s  resignation of former executive director Jon Matonis both from the post and his position on foundation’s board.

Notably, former general counsel Murck acknowledged a need to repair the foundation’s relationship with the bitcoin community, even if that meant sometimes adopting unpopular or controversial positions on some issues, and taking risks […]

What New FinCEN Guidance Means for US Bitcoin Companies

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Faisal Khan is a payments consultant and digital money evangelist. He is the co-host of Around the Coin , a weekly podcast on banking, money and payments, and is also the resident payments expert on Quora. 

This article, which originally appeared on Faisalkhan.com , has been republished here with permission from the author.  US Treasury On October 27, 2014, the Financial Crimes Enforcement Network (FinCEN) released new guidance for custodial bitcoin exchanges and payment processors, ruling […]

Australian Government May Soon Auction $9 Million in Silk Road Bitcoins

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The bitcoin community could soon see another high-profile auction of bitcoins confiscated from users of the now-defunct online black market Silk Road.

Australian law enforcement officials are now in possession of 24,500 bitcoins ( worth $9.4m at press time ) following the conviction of their original owner, 32-year-old Warrandyte native Richard Pollard. Pollard was given an 11-year prison sentence today after pleading guilty to commercial drug trafficking, according to The Sydney Morning Herald .

Judge Paul […]

Bitcoin’s AML/CTF Regulatory Creep Means Time for Specific Industry Regulation

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Peter Oakes  is a business strategist and non-executive director with particular interest in FinTech and digital currencies. He advises bitcoin firms and financial institutions. He was the first Director of Enforcement and Anti-Money Laundering at the newly formed Central Bank of Ireland, and he previously worked as an enforcement lawyer for the former UK Financial Services Authority and a senior officer of the Australian Securities & Investments Commission. In this essay he argues that […]

Digital Revolution in the Granite State

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New Hampshire – the first colony to sever ties from Great Britain – is once again leading the revolution. Along with its centuries-long “Live Free or Die” culture, New Hampshire is becoming a Mecca for digital currency enthusiasts. In just the last few years, Bitcoin experts and entrepreneurs have been eagerly coming to New Hampshire to spread their message. Many Bitcoin users are members of the Free State Project : a cooperative organization encouraging […]

MintPal Vows to Fight Former Moolah CEO in Court

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MintPal Vows to Fight Former Moolah CEO in Court

The owners of the troubled digital currency exchange MintPal are moving to take legal action against former Moopay LTD CEO and alleged scam artist Alex Green.

Green, who was once known as Ryan Kennedy, is accused of stealing as much as 4,000 BTC ($1.3m at press time) in user funds from MintPal following its failed relaunch and the  subsequent collapse of Moopay (more commonly as Moolah), which assumed control of the exchange this summer. Much of the […]

‘I’m Very Interested To See If We Can Determine the Percentage of Bitcoiners who are Honest Taxpayers’

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'I’m Very Interested To See If We Can Determine the Percentage of Bitcoiners who are Honest Taxpayers'

SHA256 ALGORITHM HASHRATE: 264.2 Ph/s Chances are, if you’re an early evangelist the idea of a marriage between ‘Bitcoin’ and ‘taxes’ makes you cringe, however, we have to face facts. Extreme changes arise from chaos or time and Bitcoin, as anticipated for the price of the digital store of value, is going the route of stability.

Taxing Bitcoin has become a reality since this spring, and where several have seen an ideological disconnect, Jake Benson […]

Let’s Foxtrot: Interview with BitPay CEO Stephen Pair & Executive Chairman Tony Gallippi

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Let’s Foxtrot: Interview with BitPay CEO Stephen Pair & Executive Chairman Tony Gallippi

Let’s Foxtrot: Interview with BitPay CEO Stephen Pair & Executive Chairman Tony Gallippi Facebook

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G+2Pinterest1 reddit Upvote Downvote 1 point inShare 3BitPay’s CEO Stephen Pair recently announced an innovative new program that could very well change the way the internet works on several levels. The new program , called Foxtrot, was designed to give internet users the security and privacy offered by the Bitcoin blockchain technology in everything they do online. While the […]

How to Protect Your Bitcoin Business from Regulators

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How to Protect Your Bitcoin Business from Regulators

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G+6Pinterest reddit Upvote Downvote 1 point inShare 8Mike Gropp is the co-founder of the BitBays Bitcoin exchange and is in charge of the company’s compliance to the ever-changing landscape of cryptocurrency law.After working in the financial sector in California, Mike moved to Beijing in 2010 where he launched his own corporate training company focusing on sales, professional speaking, and negotiations. While expanding his business, Mike taught undergraduate business courses at […]

The Mixed Fortunes of Bitcoin in Australia

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G+1Pinterest reddit Upvote Downvote submit inShare 1While even the Bitcoin Foundation seems to be skeptical of increasing Bitcoin merchant diversity, an existing start-up has come forward to deliver some unadulterated good news on the Bitcoin ecosystem.The US Bitcoin scene is palpably strained following increased FinCEN regulations on money transmission, but the picture elsewhere, as painted by Coinarch , is apparently a lot rosier – even a cause […]

US Senator: Dark Market Fight Requires More Funding

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US Senator: Dark Market Fight Requires More Funding

US Senator Charles Schumer (D-NY) has called for a crackdown on the dark web following reports that illicit marketplaces are thriving even after the government shutdown of Silk Road.

In an open letter addressed to Attorney General Eric Holder and published by Schumer’s office on 27th October, the senator pledged to both secure additional funding for anti-dark web activities and continue pressing for increased oversight of technologies that facilitate such activities. The letter cited the […]

Crypto 2.0 Industry Dismisses SEC Crackdown Rumors

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Crypto 2.0 Industry Dismisses SEC Crackdown Rumors

Following rumors that prominent members of the sector have been receiving requests for information from the US Securities and Exchange Commission (SEC), members of the crypto 2.0 segment of the bitcoin community are now stepping forward to deny these claims.

The reports first surfaced on 27th October via bitcoin blog Coinfire , which claims to have received a copy of a letter allegedly sent from the SEC to a number of open-source platform providers such […]

Bitcoin Gambling Site SatoshiBet No Longer Accepting US Customers

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Bitcoin Gambling Site SatoshiBet No Longer Accepting US Customers

Popular bitcoin gambling site SatoshiBet has announced that it will now restrict US customers from accessing its platform.

In its announcement posted on Reddit, SatoshiBet  cited both the uncertain future of online gambling regulation in the US and future legal problems that could result from servicing American customers.

The move comes amid a tightening legal environment for companies that offer bitcoin-denominated gaming and gambling. Last month, a move by the Spanish government to deem bitcoin an […]

Ex-SEC Chief: Bitcoin Companies Need Compliance To Succeed

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Ex-SEC Chief: Bitcoin Companies Need Compliance To Succeed

Oct 30 – Arthur Levitt The former Securities and Exchange Commission (SEC) chairman Arthur Levitt discussed the evolving regulatory landscape for bitcoin companies and the commission’s ability to keep up with fast-paced technological changes in a wide-ranging interview on Bloomberg TV yesterday.

Levitt, who is the SEC’s longest-serving chairman, became one of the highest-profile figures from the world of financial regulation to enter the cryptocurrency space when he announced that he was joining BitPay and Vaurum […]

Bitcoin In The Trenches of A Global Economic Warfare

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Bitcoin In The Trenches of A Global Economic Warfare

There’s a vicious, global economic war raging and its outcome will be determinative for the destiny of humanity, and necessarily, also for Bitcoin.

That sounds melodramatic, but it’s true.

You don’t have to take my word for it. Warren Buffett, multi-billionaire and fourth richest man in the world, recently stated: “ Through the tax code, there has been class warfare waged, and my class has won. It’s been a rout. ” The economic warfare is positively […]

Taking Bitcoin Beyond the Banked

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Taking Bitcoin Beyond the Banked

Bitcoin’s Potential for the Unbanked Seven months ago, the Bitcoin Foundation formed the Committee for Financial Inclusion. Andreas Antonopoulos was to head it, and things looked promising for a while.

Since then, however, Antonopoulos has stepped down, following concerns about the foundation’s management . "No one stepped up as a replacement," said one senior executive at the foundation. Another confirmed that the Committee for Financial Inclusion was on hold for now.

In the meantime, most of the industry […]

FinCen Clarifies — Bitcoin Futures Grow — MadBitcoins Major Announcement!

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October 28th, 2014 — MadBitcoins, the Grain Highest in ProteinHere are Today’s MadBits:MadBitcoins reaches 500K Views http://www.youtube.com/user/madbitcoi… Fincen Clarifies That Virtual Currency Payment Systems And Trading Platforms Are Money Transmitters https://www.cryptocoinsnews.com/fince… As Bitcoin Lawyer Marco Santori said on Twitter https://twitter.com/msantoriESQ/statu… LedgerX gets Google, Lightspeed backing to set up regulated bitcoin futures exchange http://leaprate.com/2014/10/ledgerx-g… Bitcoin Technicals And Possible New Ecosystem http://www.investing.com/analysis/bit… Bitcoin Prices are down slightly with […]

IRS Seizes Assets on Suspicion Only: Bitcoin could be Next

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IRS Seizes Assets on Suspicion Only: Bitcoin could be Next

IRS Seizes Assets on Suspicion Only: Bitcoin could be Next When the Reagan Administration declared its “War on Drugs” during the 1980’s, one of their first methods of attack was to go after the huge sums of money generated by the criminal cartels, a tactic that proved extremely effective against the Columbian cartels.

The law, known as “civil asset forfeiture” was structured to not only track deposits made by suspected criminals but to seize them […]

Bitcoin News Mash-Up: FinCEN New Bitcoin Regulations; UK Court and Moolah; and More

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Bitcoin News Mash-Up: FinCEN New Bitcoin Regulations; UK Court and Moolah; and More

Bitcoin News Mash-Up: FinCEN New Bitcoin Regulations; UK Court and Moolah; and More Following are the major Bitcoin news of the day

FinCEN Releases Two New Bitcoin Guidelines
FinCEN added two new guidelines in its existing Bitcoin regulations – FIN201-R011 and R2012-FIN-2014 – in response to requests from cryptocurrency-centered companies and institutions. The state agency said that the companies engaged in the payment processing and trading are money transmitters and would require […]

BTC/USD Still Down Despite Good News

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BTC/USD Still Down Despite Good News

BTC/USD Still Down Despite Good News Yesoption Review The Financial Crimes Enforcement Network just released new guidelines for custodial Bitcoin exchanges and payment processors, and ruled that such companies will be listed as money services under U.S. law. It goes without saying that this a rather positive development for companies trying to promote the use of the digital currency.

Regulatory approvals will now allow these companies to provide their clients with a legal structure, which […]

FinCEN’s New Bitcoin Guidelines Actually a Good News

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FinCEN’s New Bitcoin Guidelines Actually a Good News

FinCEN’s New Bitcoin Guidelines Actually a Good News ForexMinute.com – The Financial Crimes Enforcement Network (FInCEN) released new Bitcoin guidelines for Bitcoin exchanges and payment processing companies in the US. The additional rulings stated that such organizations are subjected to fall under the category of money service businesses.

According to the US law, a Money Services Business includes any individual or companies which provides services such as currency dealing or exchange; check cashing; issuing/selling/redeeming of […]

Bitcoin Analysis: Week of Oct 26 (Intro to RSI)

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Bitcoin Analysis: Week of Oct 26 (Intro to RSI)

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G+1Pinterest reddit Upvote Downvote submit inShare 2 Note from the Author: Please follow me on Twitter ( @Tone_LLT ) for additional updates to the state of Bitcoin’s price volatility Last Week’s Review In last week’s post we concluded with the following statement: Our overall stance is now Long-Term Slightly Bullish, Intermediate-Term can now be considered Bullish, and Short-Term is also Bullish. Regular readers will recall how a […]

Swiss Bank UBS Executive Believes ‘Digitalization Is One of the Threats to the Financial Services Industry’

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Swiss Bank UBS Executive Believes 'Digitalization Is One of the Threats to the Financial Services Industry'

Swiss Bank UBS Executive Believes ‘Digitalization Is One of the Threats to the Financial Services Industry’ Swiss Bank UBS CIO Oliver Bussmann settled a system of internal working groups devoted to working on innovative technology projects and puts the blockchain as top priority.

Oliver Bussman holds strong expertise in both finance and technology, notably due to his former position as CIO of German software firm SAP SE (System, Applications, Products in Data Processing). Although […]

Poland’s InPay Lets Crowdfunders Buy Equity With Bitcoin

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Poland’s InPay Lets Crowdfunders Buy Equity With Bitcoin

Poland-based bitcoin payment solutions provider InPay S.A. has launched an equity crowdfunding campaign that makes it possible to buy company stock with bitcoin.

The public offering claims to have secured the approval of Poland’s Financial Supervision Authority ( KNF ), the country’s equivalent of the US Securities and Exchange Commission (SEC), which makes it a unique project in the Polish digital currency industry, according to company representatives.

The initiative was launched on Poland-based equity crowdfunding site Beesfund.com , where potential investors […]

Markets Weekly: Bitcoin Price Resilience Crumbles

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Markets Weekly: Bitcoin Price Resilience Crumbles

Bitcoin price resilience finally crumbled this week after two weeks of strength following the so-called ‘BearWhale’ slaying.

The price opened the week at $386, holding steady until mid-week, when it began a steep decline. It closed at $346, shedding $40 over the last seven days.

The bitcoin price deterioration follows a strong rally from $295 on 6th October to a high of $405 about a week later. Trading held steady until this week’s drop, even as […]

UK High Court Orders Moolah to Hand Over Syscoin’s 750 BTC

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UK High Court Orders Moolah to Hand Over Syscoin's 750 BTC

UK High Court Moopay LTD and ex-CEO Alex Green have been ordered by a UK court to hand over 750 BTC to the team that developed the syscoin cryptocurrency.

The final injunction, issued by the High Court in London, was granted in response to a request from UK-based law firm Selachii LLP on behalf of syscoin.

Moopay, known commonly as Moolah , and Green had been holding the money for the developers and have now been ordered to repay the 750 BTC […]

FinCEN Rules Bitcoin Payment Processors, Exchanges are Money Transmitters

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FinCEN Rules Bitcoin Payment Processors, Exchanges are Money Transmitters

The Financial Crimes Enforcement Network (FinCEN) has released new guidance for custodial bitcoin exchanges and payment processors, ruling that such companies may be considered money services businesses under US law.

In a response to twin letters submitted in late 2013, the chief US money laundering and terrorist financing regulator explained that bitcoin exchanges  may be money transmitters, even if they only match buyers and sellers on their platform. Further, the letters suggest this is true, […]

Andreas auction of ten trillion dollars… for charity!

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Andreas auction of ten trillion dollars… for charity!

Andreas auction of ten trillion dollars… for charity! Between the efforts of Jason King and Andreas Antonopoulos, Coins in the Kingdom might secure it’s place as the most charitable Bitcoin conference of the year. At the end of the first day of the conference, Andreas Antonopoulos was approached by Chris DeRose for a signature on a unique piece of numismatic history: a Ten Trillion Dollar Zimbabwe Reserve Note. After the bill signing, Andreas was asked […]

“I Would Fight to Make Sure that the Bitcoin Sector Would Stay Unregulated” – Libertarian Candidate, Will Hammer

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“I Would Fight to Make Sure that the Bitcoin Sector Would Stay Unregulated” - Libertarian Candidate, Will Hammer

SHA256 ALGORITHM HASHRATE: 288.7 Ph/s Facebook16

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G+5Pinterest1 reddit Upvote Downvote 15 points inShare 3 Will Hammer is the Libertarian candidate for the United States House of Representatives from the Commonwealth of Virginia’s Sixth District. The 27 year old candidate is running against incumbent Bob Goodlatte , an extremely conservative Republican.Hammer was able to gather the required signatures to win the Libertarian Party’s nomination in June. Until that point Goodlatte was running unopposed. Hammer […]

Florida Law Firm Files Two Lawsuits against Cryptsy and Bitcoin Savings & Trust

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Florida Law Firm Files Two Lawsuits against Cryptsy and Bitcoin Savings & Trust

SHA256 ALGORITHM HASHRATE: 285 Ph/s Florida Law Firm, Silver Law, has filed lawsuits against two Bitcoin companies on behalf of users who claim damages due to either company negligence or intentional intent.

The Cryptsy lawsuit is the more interesting of the two, as Bitcoin Savings & Trust’s Ponzi scheme was revealed so long ago even the SEC has officially dubbed it as such. Silver Law’s press release unfortunately lumps the two companies together, even while […]

Lamassu Bitcoin Ventures Partners with IdentityMind Global to Offer Anti-Money Laundering Solution

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Lamassu Bitcoin Ventures Partners with IdentityMind Global to Offer Anti-Money Laundering Solution After reaching to a large number of countries with its Bitcoin ATMs, Lamassu Bitcoin Ventures has announced that it has partnered up with IdentityMind Global. According to the company the partnership is aimed at offering integrated Anti-Money Laundering and Compliance platform within Bitcoin ATMs.

The two companies in their announcement have said that they partnered to provide international Lamassu Bitcoin ATM operators with […]

Butterfly Labs Urges Court to Dismiss FTC’s ‘Self-Serving’ Fraud Charges

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Butterfly Labs Urges Court to Dismiss FTC's 'Self-Serving' Fraud Charges

Embattled mining hardware company Butterfly Labs has filed a motion to dismiss a Federal Trade Commission (FTC) complaint against the company.

Butterfly Labs (BFL) was shut down by the FTC last month following numerous claims of public misrepresentation and downright fraud.

However, in spite of nearly 300 customer filings  against the company, BFL still insists it is the victim of overzealous regulators and intends to  resume limited operations  in the near future.The sentiment is evident in the […]

Regulated Gambling Platform Cozy Games Accepts Bitcoin in Industry First

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Regulated Gambling Platform Cozy Games Accepts Bitcoin in Industry First

Cryptocurrency payment processor GoCoin has teamed up with iGaming operator Cozy Games to deliver bitcoin, litecoin and dogecoin payments on its platform.

The companies said the move will make  Cozy Games  the first regulated iGaming operator in the world to accept cryptocurrencies.

GoCoin  said recent gambling tax reforms, such as UK’s proposed Point of Consumption Tax (POC) , have forced gaming sites to actively seek lower cost payment alternatives. Digital currencies are one such option and they could help […]

Digital Currency Summit Andorra: Bitcoin in the banking nation

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Digital Currency Summit Andorra: Bitcoin in the banking nation

Last September 17th to 19th, the Digital Currency Summit was celebrated in Andorra, the small country placed three hours away from Barcelona; it was a three day debate forum which treated topics like the use and importance of cryptocurrencies for banks, governments, investors and general public. In order to achieve that goal there were organised conferences and debates around four threads: “Introduction to Digital Currencies,” “Investment opportunities,” “Regulation: laws and taxes,” and “Financial and […]

Payments Veterans Discuss Bitcoin vs Apple Pay at NY Law Conference

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Payments Veterans Discuss Bitcoin vs Apple Pay at NY Law Conference

New York Law School The buzz surrounding Apple Pay may have initially startled some bitcoin enthusiasts, but industry experts continue to speak out on why the latest mobile payments solution is only passively interesting.

At the Bitcoin Law conference , an event held at New York Law School this Tuesday, American Express VP and senior counsel Emily Goodman Binick called Apple Pay exciting because it will lead more consumers to make purchases with their phones.

A common perspective that emerged […]

Lamassu Integrates IdentityMind’s AML and Compliance Platform in its Bitcoin ATMs

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Lamassu Integrates IdentityMind's AML and Compliance Platform in its Bitcoin ATMs

SHA256 ALGORITHM HASHRATE: 242.8 Ph/s Bitcoin ATM manufacturer Lamassu Bitcoin Ventures partners up with IdentityMind Global to offer integrated Anti-Money Laundering and Compliance platform within Bitcoin ATMs.

The companies announced today they had partnered up to provide international Lamassu Bitcoin ATM operators with integrated compliance features, which include built-in Know Your Customer (KYC), transaction monitoring, Sanctions Screening, automated SAR filing and Anti-Fraud services. Lamassu Integrates IdentityMind’s AML and Compliance Platform in its Bitcoin ATMs IdentityMind […]

Ecuador’s National Digital Currency Experiment Explained

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Ecuador’s National Digital Currency Experiment Explained

Ecuador’s National Digital Currency Experiment Explained Facebook

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G+3Pinterest reddit Upvote Downvote 1 point inShare 2The tiny South American nation of Ecuador has begun its experiment with virtual currencies. The government announced earlier this year that they would be creating a government backed virtual currency in as a way to shore up a sagging economy that is currently being buoyed up by the US dollar.CoinTelegraph reached out to Luis Núñez of the Ecuadorian Bitcoin […]

The Alt Cracks: Altcoin Stories That Fell Through The Cracks 10/23

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The Alt Cracks: Altcoin Stories That Fell Through The Cracks 10/23

SHA256 ALGORITHM HASHRATE: 264.8 Ph/s Welcome to the new Alt-Cracks column on its new day: Thursdays. The main reason for the move is because I am selfish. I want the clicks and the eyeballs that come from bored crypto-maniacs browsing CoinTelegraph while pretending to work. Those views are important to me, because as a writer, I am constantly seeking validation and arbitrary viewership and sharing numbers is the only measuring stick we have in […]

Blockstream SEC Filing Reveals $15 Million Raised in Funding Round

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Blockstream SEC Filing Reveals $15 Million Raised in Funding Round

Blockstream has raised at least $15.18m toward a major funding round expected to close in the coming weeks, according to a recent Securities and Exchange Commission (SEC) filing.

The filing also shows that Reid Hoffman, a partner at venture firm Greylock Partners and co-founder of LinkedIn, will take a seat on the startup’s board of directors.

Speaking to CoinDesk, Blockstream chief executive Austin Hill stressed that the funding round is still open and that it will close this week. He declined to […]

Bitcoin Regulation In Japan

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Bitcoin Regulation In Japan

Different governments have taken different stances on Bitcoin. For example, Bangladesh has outlawed it and Germany considers it “private money.”

Within the US, different states have different standpoints, as each state possesses respective laws.

Japan has decided to take an interesting stance on it.Mt Gox, which was based in Japan, went bankrupt in February 2014, reportedly losing some 850,000 bitcoins (332,100,000 USD as of today).  This was the first time most Japanese people heard about Bitcoin. […]

NY Law Panel: Bitcoin Won’t Get Banking Without Compliance

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NY Law Panel: Bitcoin Won't Get Banking Without Compliance

On Tuesday morning, the New York Law School hosted the Bitcoin Law conference, drawing entrepreneurs and enthusiasts from the New York City bitcoin community, as well as many of its own aspiring lawyers.

The event was moderated and largely organized by Houman Shadab, a law professor and director of the school’s Center for Business and Financial Law.

Shadab has researched bitcoin and cryptocurrencies extensively, as well as hedge funds, derivatives, securitization and commercial transactions. Earlier this month […]

Coinbase, Paypal, Bitcoin, Bit License, ApplePay, Hong Kong, and Hoverboards

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Coinbase, Paypal, Bitcoin, Bit License, ApplePay, Hong Kong, and Hoverboards

Donate: https://blockchain.info/address/1LAYu…
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October 21th, 2014 — Fort Worth, Texas — MadBitcoins cereal! Golden flakes, crispy Bitcoins’s.. one bite and you’re gonna be eatin’ with A team that’s teaming up with MadBitcoins — I pity the fool who doesn’t eat his Mad Bits.Special Thanks to Bitcoin Donors 0.015, 0.00256, 0.005, 0.00999999, 0.001855, 0.0027 and subscriber 0.1! We’d also like to thank our Change Tippers Dave, M3metic, waxwing, Prash, Kdorksy, […]

KnCMiner Stops Sales of Equipment, Mining For Themselves Instead

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KnCMiner Stops Sales of Equipment, Mining For Themselves Instead

KnCMiner Stops Sales of Equipment, Mining For Themselves Instead Sweden-based KnCMiner is quite frankly tired of dealing with customers, evidently.

And it’s one thing to curse at your unhappy customer while they are on hold. KnCMiner is saying goodbye to  all of their customers because their discontinuing the sale of their equipment, according to  Bloomberg .

The news comes not too long after we reported last week that a California attorney was investigating the company and […]

BitLicense’s Deadline is Here: BitPay and EFF Weigh In

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BitLicense's Deadline is Here: BitPay and EFF Weigh In

SHA256 ALGORITHM HASHRATE: 246.1 Ph/s Back in August, the New York Department of Financial Services pushed back the deadline for public commentary on its proposed BitLicenses.

That deadline, October 21 , is here.

In the last few days, two big names in the Bitcoin community, BitPay and the Electronic Frontier Foundation, have made public statements about how their organizations perceive the state’s proposed regulations.On Monday, payment processing service BitPay submitted a letter to New York’s superintendent […]

PayPal Co-Founder Peter Thiel: ‘Unlike PayPal, Bitcoin Succeeded in Developing a Currency’

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PayPal Co-Founder Peter Thiel: ‘Unlike PayPal, Bitcoin Succeeded in Developing a Currency’

PayPal Co-Founder Peter Thiel: ‘Unlike PayPal, Bitcoin Succeeded in Developing a Currency’ PayPal co-founder and venture capitalist Peter Thiel believes Bitcoin has succeeded as a currency, but still lacks as a payment system.

On October 15, Peter Thiel was invited to the University of Chicago Booth School of Business to speak about entrepreneurship and business practices for an event organized by the Polsky Center for Entrepreneurship and Innovation . The event was hosted by Booth […]

BitLicense Comment Period Closes with Final Input from Circle, BitPay

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BitLicense Comment Period Closes with Final Input from Circle, BitPay

New York Central Park Just in time for the closing of the comment period for New York State’s ‘BitLicense’ proposal yesterday, bitcoin companies Circle and BitPay managed to have the final say on the matter – for now.

In their comments, both companies expressed a number of similar concerns over the BitLicense  regulations, specifically provisions they perceive as burdensome regulation that could stifle competition and innovation

The BitLicense initiative was launched by the New York Department of Financial Services (NYDFS) […]

Why 20 Bitcoin Companies Are Backing a New Deal for Digital Identity

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Why 20 Bitcoin Companies Are Backing a New Deal for Digital Identity

Open Mustard Seed, ID3 To members of more than 20 digital currency companies, the broad increase in financial access the industry hopes to achieve is currently being impeded by issues that go beyond finance and technology to defining transparency and identity in the digital age.

Expanding access to financial services through not just digital currency, but new systems that allow businesses to establish trust and lower the cost of financial services, lies at the heart […]

Bitcoin is Not Backed by Anything (And That’s OK!)

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Bitcoin is Not Backed by Anything (And That’s OK!)

Bitcoin is Not Backed by Anything (And That’s OK!) Whenever you hear, “That currency is not backed by anything!,” it’s almost always meant as criticism. Hard-money enthusiasts are quick to point out the horrible track record of fiat currency. Nearly without fail, currencies “backed by nothing” get heavily devalued through inflation, and they often collapse within decades.

The best solution, so far, has been to tie currency to a commodity whose supply can not be […]

Elon Musk: Bitcoin Will Be Used For Illegal Transactions

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Elon Musk: Bitcoin Will Be Used For Illegal Transactions

Founder of Paypal and Tesla, Elon Musk thinks Bitcoin will mainly be used for illegal transactions (Reuters) Elon Musk, the man behind future tech giants Tesla Motors and SpaceX, has offered his thoughts on Bitcoin, the world’s largest cryptocurrency.

In an extensive interview  at Vanity Fair’s New Establishment Summit, Musk was asked by Aspen Institute’s Walter Isaacson if he thought Bitcoin would be disruptive to conventional currency.

He responded: "I think Bitcoin is probably a […]

Circle Issues Remarks on BitLicense Ahead of Comment Period Deadline

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Circle Issues Remarks on BitLicense Ahead of Comment Period Deadline

Circle Issues Remarks on BitLicense Ahead of Comment Period Deadline Circle is joining the ever-lengthening line of bitcoin companies to issue public comments on the New York Department of Financial Service’s (NYDFS) BitLicense proposal, it would seem.

The Boston-based company’s General Counsel/Chief Compliance Offer, John A. Beccia, submitted a lengthy twelve-page letter addressed to Dana. V. Syracuse at the NYDFS (of which you’ll find a copy below in PDF form).

The following is a small highlight […]

BitPay Also Issues Remarks on the Proposed BitLicense

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BitPay Also Issues Remarks on the Proposed BitLicense

BitPay Also Issues Remarks on the Proposed BitLicense Circle Internet Financial  isn’t the only bitcoin company to issue remarks on the proposed BitLicense regulations put forth by the New York Department of Financial Services (NYDFS) today.

Read:   Circle Issues Remarks on BitLicense Ahead of Comment Period Deadline

Atlanta, Georgia-based BitPay  also issued remarks today, submitting them to NYDFS Superintendent Benjamin Lawsky, just one day before the public commenting period on the proposal comes […]

Bitcoin Analysis: Week of Oct 19 (Intro to MACD)

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Bitcoin Analysis: Week of Oct 19 (Intro to MACD)

Bitcoin Analysis: Week of Oct 19 (Intro to MACD) [Author’s note: Please follow me on Twitter ( @Tone_LLT ) for additional updates to the state of Bitcoin’s price volatility] Last Week’s Review

In last week’s post we concluded with the following statement: “Our overall stance is now Long-Term Neutral (still have the issue of not enough new users), Intermediate-Term very slightly Bearish with lots of good signs, and Short-Term Bullish. The ideal situation is […]

Is Bitcoin Better Than the Dollar? | CNBC International

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Is Bitcoin Better Than the Dollar? | CNBC International

Is Bitcoin Better Than the Dollar? CNBC’s Worldwide Exchange takes a look

Subscribe to CNBC International: http://bit.ly/1eiWsDq

Brian Armstrong, co-founder of Coinbase, says bitcoin has better "properties" than the U.S. dollar as it relies on the "laws of math" rather than politiciansCNBC’s global business programme brings the business and investing world together. Each weekday Julia Chatterley, Wilfred Frost and Seema Mody consider the business stories that have global significance. With reports from CNBC’s correspondents from […]

Millions of Dollars Worth of Bitcoin Reportedly Seized in Australian Drug Bust

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Millions of Dollars Worth of Bitcoin Reportedly Seized in Australian Drug Bust

Millions of Dollars Worth of Bitcoin Reportedly Seized in Australian Drug Bust Australian newspaper  The Age  this week reported that  millions of dollars worth of bitcoin has been seized in a drug bust spearheaded by Victorian authorities.

Said report indicates that the Director of Public Prosecutions “obtained a restraining order” on the bitcoins from the suspected drug traffickers’ wallet some time in 2012-2013. This information came from the office’s most recent annual report presented on Tuesday in state […]

CannabisCoin Officially Redeemable for 1 Gram Starting October 20 – Interview with Founder

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CannabisCoin Officially Redeemable for 1 Gram Starting October 20 – Interview with Founder

CannabisCoin Officially Redeemable for 1 Gram Starting October 20 – Interview with Founder Back in June, CoinTelegraph reported on CannabisCoin (CANN) – a PoW (proof-of-work) peer-to-peer digital currency that is intended to be used for legally purchasing cannabis from registered dispensaries.

CANN is based on the Bitcoin protocol but slightly different in that it can be efficiently mined with consumer-grade hardware since it is the “only X11 Coin that is cannabis specific,” according the CannabisCoin […]

Russian Yandex Forgot Bitcoin Exchange Rate

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Russian Yandex Forgot Bitcoin Exchange Rate Russian Deputy Finance Minister Aleksey Moiseev informed a reporter that the Russian government would be banning Bitcoin within one year. That was in September, only a month ago, and it seems that they are moving forward much more rapidly. The Russian news blog, bitmakler.com , announced on October 5th that the Finance ministry has proposed a fine of up to 1 million rubles for the “production and use […]

Op-Ed: Why We Need Decentralized Due Diligence

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Op-Ed: Why We Need Decentralized Due Diligence

Op-Ed: Why We Need Decentralized Due Diligence Facebook38

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G+1Pinterest reddit Upvote Downvote submit inShare 1The recent happenings around BitNation illustrate how simply creating a coin and starting a crowdsale is not enough . We need due diligence around projects and an engagement mechanism that ensures that project owners actually follow through with their intentions.The great fluidity and flexibility and speed of coin-powered crowdsales often has a dark side. Many people seek to raise […]

Bitcoin Exchange Coinsetter Launches proprietary HTML5 mobile trading application

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Bitcoin Exchange Coinsetter Launches proprietary HTML5 mobile trading application

Bitcoin Exchange Coinsetter Launches proprietary HTML5 mobile trading application In an announcement Bitcoin exchange Coinsetter has said that it has brought in its proprietary HTML5 mobile trading application. According to the company sources it will place Bitcoin exchanges directly in line with mainstream retail FX firms. Development of the new app has been part of the ambition that the company has to provide the latest solutions for Bitcoiners.

A source from the company said that […]

Why Brazil’s Bitcoin Market is Struggling to Ignite

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Why Brazil’s Bitcoin Market is Struggling to Ignite

For better or worse, the story of bitcoin in Brazil begins with Leandro César Marciano.

An IT consultant from Belo Horizonte, Marciano founded and later sold the country’s largest bitcoin exchange Mercado Bitcoin following an alleged security breach, and launched Bitcoin Rain, an investment scheme suspended by the government and later likened to the infamous US ponzi scheme, Bitcoin Savings & Trust . Informal estimates suggest the ventures resulted in the loss of 4,000 BTC […]

BitStamp to Handle Over Unverified Accounts to the Government

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BitStamp to Handle Over Unverified Accounts to the Government

BitStamp to Handle Over Unverified Accounts to the Government ForexMinute.com – BitStamp recently issued a statement regarding the “unverified” nature of its customers’ accounts. The Bitcoin exchange said it is liable to handle those dark accounts to the government, if not verified within 28 days from the date of announcement.

Almost over a year ago, the Slovenia-based UK-registered exchange revived its policies in the wake of growing regulatory pressures. The object was to do business, […]

“Inventor” of Bitcoin Sues Newsweek

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“Inventor” of Bitcoin Sues Newsweek

“Inventor” of Bitcoin Sues Newsweek When most of us who are involved in the Bitcoin community think of its original developer we think about Satoshi Nakamoto. But we also know that “Satoshi Nakamoto” was very probably a pseudonym for at least one person and perhaps even a team of very talented developers.

There are also thousands of reporters worldwide that would love to break the story of who this person is and what he’s up […]

California Attorney Investigating Potential Class-Action Suit Against KnCMiner

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California Attorney Investigating Potential Class-Action Suit Against KnCMiner

Lawyers talking A potential class-action suit against bitcoin mining firm KnCMiner is beginning to take shape.

California-based attorney Charlotte C Lin has announced that her firm is investigating unlawful activities related to the sale and distribution of KnCMiner’s Titan and Neptune mining products. These include breach of contract, false advertisement and public misrepresentation, which were detailed on the initiative’s official website .

KnCMiner, which raised $14m in Series A funding last month , has faced complaints from customers regarding […]

Bitstamp: Unverified Bitcoin Accounts at Risk of Government Seizure

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Bitstamp: Unverified Bitcoin Accounts at Risk of Government Seizure

Bitstamp announced today that select users who fail to verify their accounts within the next 28 days risk having their balances forfeited to regulatory authorities.

One of the largest bitcoin exchanges in terms of daily USD trading volume, Bitstamp stated that all users who fail to go through its account verification process will be deemed to have violated its terms of services and be subject to the related penalties.

In statements to the press, the company […]

Digital Rights Advocacy Group Launches Campaign Against BitLicense

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Digital Rights Advocacy Group Launches Campaign Against BitLicense

Digital rights advocacy group the Electronic Frontier Foundation (EFF) is supporting privacy, free speech and innovation through a new email campaign opposing New York’s proposed BitLicense.

The EFF has crafted a pre-written letter for supporters to sign and send to the New York Department of Financial Services (NYDFS) and its leading supervisor, Superintendent Ben Lawsky. The letter argues that premature regulation stifles innovation, and that because of this, the BitLicense could adversely affect the bitcoin and digital […]

SecuraCoin Retail Bitcoin Exchange

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SecuraCoin Retail Bitcoin Exchange

www.securacoin.com

We are a Digital Currency Business based out of Toronto, Canada. We specialize in servicing Money Service Businesses (MSBs) and other retailers by creating technology and infrastructure for them to start using and providing digital currency services. We ourselves are a registered MSB in Canada with the Financial Tracking & Analysis Centre of Canada (FinTRAC) and are in the process of getting registered with the proper regulatory bodies in other jurisdictions as our new […]

Lawsky of NYDFS Talks BitLicense at Cardozo Law School

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Lawsky of NYDFS Talks BitLicense at Cardozo Law School

Lawsky of NYDFS Talks BitLicense at Cardozo Law School It wasn’t terribly long ago that I wrote about New York Department of Financial Services (NYDFS) Superintendent Benjamin Lawsky speaking at the Cardozo Law School in New York City.

That event took place on Tuesday evening, and many in the community may be relieved to hear about what changes Lawsky and his team are planning to make to the much talked about BitLicense proposal that is […]

IMF and World Bank Both See Potential in Blockchain Technology

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IMF and World Bank Both See Potential in Blockchain Technology

IMF and World Bank Both See Potential in Blockchain Technology The IMF and the World Bank annual meeting took place last weekend in Washington, DC. Among the topics discussed, which included the normalization of the US Fed monetary policy, the impact of diverges in emerging economies in a context of low growth, and the current geopolitical issues around the world, the subjects of disruptive technologies and financial innovations were also brought up for discussion. […]

Bitcoin Software Developers Do Not Need ‘BitLicense’

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Bitcoin Software Developers Do Not Need ‘BitLicense’

Bitcoin Software Developers Do Not Need ‘BitLicense’ The New York “BitLicense” proposal is most certainly controversial at the very least. There are of course many people who feel that Bitcoin should not be regulated at all and others who feel that current financial regulations can just as easily be applied to virtual currencies. But while this proposal covers merchant reporting requirements, one question still remains to be answered: Will Bitcoin software developers be required […]

Bitcoin News Mash-Up: IMF Acknowledges Bitcoin; Bitcoin Operations Suspended; and More

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Bitcoin News Mash-Up: IMF Acknowledges Bitcoin; Bitcoin Operations Suspended; and More

Bitcoin News Mash-Up: IMF Acknowledges Bitcoin; Bitcoin Operations Suspended; and More Following are the major Bitcoin news of the day

IMF and World Bank Acknowledges Bitcoin Blockchain Technology
This weekend, representatives of both public and private sector took part in a panel discussion. The purpose of discussion was to acknowledge the role of technology as a means to achieve greater global financial inclusion. The significance of this discussion lies in the fact […]

NY state says bitcoin software developers don’t need license

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NY state says bitcoin software developers don't need license

NEW YORK (Reuters) – New York will not require digital currency software developers to obtain a "BitLicense" to operate in the state, said Benjamin Lawksy, superintendent of financial services for the state of New York, on Tuesday.

His comments came after New York extended the period for virtual currency companies to comment on a set of proposed regulations, known as the "BitLicense" plan, that was unveiled by the state in July. The regulator aims to […]

Coinbase Hires Former Senate Advisor to Head Its Government Affairs Department

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Coinbase Hires Former Senate Advisor to Head Its Government Affairs Department

Coinbase Hires Former Senate Advisor to Head Its Government Affairs Department In a statement released Monday, Coinbase announced it had hired a DC veteran to “engage and educate public officials on regulatory and compliance issues related to Bitcoin.”

John Collins, who has served as campaign manager for a US senator and as an advisor on the US Senate Committee on Homeland Security and Governmental Affairs, will join Coinbase as the company’s head of government affairs.

“From […]

Coinage Launches First Order Book Exchange in the Philippines; Pakistan Gets Its First Bitcoin Exchange

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Coinage Launches First Order Book Exchange in the Philippines; Pakistan Gets Its First Bitcoin Exchange

Coinage Launches First Order Book Exchange in the Philippines; Pakistan Gets Its First Bitcoin Exchange Pakistani Bitcoin exchange Urbudit launched on October 11, with the ultimate goal of bringing the digital currency to the locals. At around the same time, the Philippines got its first enterprise-grade order book Bitcoin exchange through Coinage. Bringing Bitcoin to the Pakistanis

On October 11, Pakistani exchange Urbudit announced it has launched the first Bitcoin exchange in the country. […]

Russia and China Partner across Finance; Apple and Others Threatened by Ban

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Russia and China Partner across Finance; Apple and Others Threatened by Ban

Russia and China Partner across Finance; Apple and Others Threatened by Ban Facebook11

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G+Pinterest reddit Upvote Downvote submit inShare 2In the wake of continued sanctions, Russia is turning to China to provide new financial possibilities, with signing a currency swap deal worth 150 billion Yuan (US$24.5 billion) and other measures.Given the increasingly hostile international environment, both countries are keen to “expand the practice of using national currencies in trade,” Russian Prime Minister Dmitry […]

Family-Owned Shot Bar Testing the Frontiers of Bitcoin Acceptance in Latvia

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Family-Owned Shot Bar Testing the Frontiers of Bitcoin Acceptance in Latvia

Family-Owned Shot Bar Testing the Frontiers of Bitcoin Acceptance in Latvia Facebook18

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G+Pinterest reddit Upvote Downvote submit inShare 2 SPOT Kafe is the kind of bar for which Riga is famous among Erasmus students and backpackers. Its menu of shots is a page long, it has a karaoke night on Wednesdays, and there is a special reserved sign for the local Couchsurfing group.But it’s the other sign on the bar top that had […]

Dorian Nakamoto Launches Legal Fund to Refute Newsweek Claims

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Dorian Nakamoto Launches Legal Fund to Refute Newsweek Claims

A campaign has been launched to fund legal action against Newsweek on behalf of Dorian Nakamoto, the California man the magazine claimed was the inventor of bitcoin back in March.

The campaign has set up a website called newsweeklied.com , a twitter account and a bitcoin address for donations to the ‘Dorian Nakamoto Legal Defense Fund’, which can also be donated to with credit or debit cards. Dorian Nakamoto campaign The case is being handled by Los Angeles […]

How Bitcoin’s Block Chain Could Stop History Being Rewritten

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How Bitcoin’s Block Chain Could Stop History Being Rewritten

Bitcoin and Revolutionary Journalism Despite the recent drop in bitcoin’s price, cryptocurrency startups are now attracting more investment than ever and stories about major developments in the bitcoin ecosystem are being picked up by mainstream media on a regular basis.

The New York Times   reported  the news that popular bitcoin wallet provider  Blockchain  had raised $30.5m in financing. Last week,  Time   published  an article titled How Bitcoin Can Save Journalism and the Arts , exploring bitcoin’s micropayment capability for […]

Lawsky: Bitcoin Developers and Miners Exempt from BitLicense

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Lawsky: Bitcoin Developers and Miners Exempt from BitLicense

Ben Lawsky Developers, miners and individuals using bitcoin will generally not be regulated by the impending ‘BitLicense’ proposals, according to Benjamin Lawsky, superintendent of the New York Department Financial Services (NYDFS).

Speaking at the Benjamin N Cardozo School of Law, New York,  Lawsky  clarified that many individuals and companies working within the bitcoin space will not need regulatory approval or a BitLicense  to operate in New York State.

“We are regulating financial intermediaries. We are not regulating software development,” he […]

Inside Bitcoins Heads to Israel in Less Than 1 Week – Get 10% OFF

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Inside Bitcoins Heads to Israel in Less Than 1 Week – Get 10% OFF

Inside Bitcoins Conference & Expo , the leading trade show for the fast-growing bitcoin and related cryptocurrency, will be launching in Israel later this month after successful events earlier this year in Berlin, New York, Hong Kong, Melbourne, London, and Las Vegas. From October 19-20, thought leaders , virtual currency experts and business visionaries will converge at Kfar Maccabiah Convention Center to lead a discussion on the first digital, decentralized, peer-to-peer based global currency.

Whether […]

Former Senate Adviser Joins Coinbase Team

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Former Senate Adviser Joins Coinbase Team

Former Senate Adviser Joins Coinbase Team Story Highlights

Coinbase hires John Collins

Collins was a former Senate Adviser Related Articles FinCEN Ruling Does Not Classify Bitcoin Mining as Money Services Business 0 Comments 28.Dec Miami’s North American Bitcoin Conference Full Schedule Released 0 Comments 21.Jan Bitcoin Shows Up on Google Trends List 0 Comments 19.Nov The  New York Times reports that San Francisco-based Coinbase has a new addition to their team […]

In the Spirit of Transparency, Bitcoin Foundation Announces Reddit AMA Series

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In the Spirit of Transparency, Bitcoin Foundation Announces Reddit AMA Series

In the Spirit of Transparency, Bitcoin Foundation Announces Reddit AMA Series The Bitcoin Foundation  is planning to host a series of Reddit AMAs beginning tomorrow in the spirit of transparency. The Foundation’s own Jinyoung Lee Englund announced the series in a blog post Monday .

The first session begins tomorrow, Tuesday, October 14th. And on deck is the Foundation’s Global Policy Counsel, Mr. Jim Harper. His AMA begins at 11 a.m. Eastern U.S. time.

Here’s his […]

Man Pegged By Newsweek as Satoshi Nakamoto Plans Legal Action

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Man Pegged By Newsweek as Satoshi Nakamoto Plans Legal Action

Man Pegged By Newsweek as Satoshi Nakamoto Plans Legal Action The man pegged by Newsweek as bitcoin creator Satoshi Nakamoto is poised to take legal action for what he claims to have been a false story that took the cryptocurrency community by storm back in March.

Dorian Prentice Satoshi Nakamoto’s name became public — very public — in a highly sensationalized exposé entitled The Face Behind Bitcoin   written by journalist Leah McGrath Goodman, employed by  […]

Indysci Founder Isaac Yonemoto: ‘I Was Presented with a Once-in-a-Lifetime Opportunity to Develop a Drug without Patents’

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Indysci Founder Isaac Yonemoto: ‘I Was Presented with a Once-in-a-Lifetime Opportunity to Develop a Drug without Patents’

Indysci Founder Isaac Yonemoto: ‘I Was Presented with a Once-in-a-Lifetime Opportunity to Develop a Drug without Patents’ As we reported last week, Indysci is a new project funds open-source scientific projects that anyone can look at, modify, or use. The first project on the agenda, dubbed Project Marilyn, will pour donations into research for a patent-less cure for cancer.

The organization accepts Bitcoin, and if they receive enough Bitcoin donations, they will name an anticancer […]

The Institute of International Finance Discusses Threat of Bitcoin to the Traditional Banking

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The Institute of International Finance Discusses Threat of Bitcoin to the Traditional Banking

Common Ads 3 The Institute of International Finance Discusses Threat of Bitcoin to the Traditional Banking Recently, the Institute of International Finance held its annual membership meeting in Washington wherein banking elite from all over the world convened to discuss many topics that included discussion on the potential threat to traditional banking from Bitcoin and other crypto-currencies that are fast becoming popular.

The participants also discussed what should banking “do” about a Bitcoin threat and […]

Former Senate Aide Joins Coinbase as US Government Liaison

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Former Senate Aide Joins Coinbase as US Government Liaison

Bitcoin services provider Coinbase has hired an in-house liaison to US policy makers who are drafting digital currency legislation.

John Collins joins the San Francisco-based company as Head of Government Affairs in Washington, DC. He previously worked as a senior advisor to the Senate Homeland Security and Government Affairs Committee, which almost a year ago held the first congressional hearing on digital currency.

Today’s announcement by Coinbase calls attention to the increasing need for more open and […]

“The Rise and Rise of Bitcoin” is a Pièce de Résistance

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“The Rise and Rise of Bitcoin” is a Pièce de Résistance

As someone who spends one to two hours every day reading about Bitcoin, I assumed that the newly released documentary “ The Rise and Rise of Bitcoin ” wouldn’t have much to offer me. I assumed it would be some sort of primer for people who are unfamiliar with the technology.

Boy, was I wrong.

I wouldn’t have watched it, except that members of the Bitcoin subreddit kept posting rave reviews about it. One redditor even […]

European Prosecutors Launch Project to Combat Online Dark Markets

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European Prosecutors Launch Project to Combat Online Dark Markets

European prosecutors are speaking out about a new pan-European project designed to combat dark markets on the web – and they’re addressing bitcoin as a key tool of dark market operators.

The Illegal Trade on Online Marketplaces (ITOM) was started by the Dutch Public Prosecution Service, the Openbaar Ministrie. The project, which began with a meeting in April this year, draws together law enforcement from various European countries in an attempt to stop the illegal trade […]

Bitcoin Foundation Urging NYDFS to Provide ‘More Research and Analysis on Bitlicense’

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Bitcoin Foundation Urging NYDFS to Provide ‘More Research and Analysis on Bitlicense’

Bitcoin Foundation Urging NYDFS to Provide ‘More Research and Analysis on Bitlicense’ The fight over New York State’s “Bitlicense” proposal continues unabated as the Bitcoin Foundation pressures the state’s Department of Financial Services to follow its own rules.

When the proposal was first released last July, the New York Department of Financial Services (NYDFS) ordered a waiting period to allow for public comments. This window was to run from July 17,2014 and recently extended to […]

Darkcoin Gains Wider European Exposure, Now Trading at Danish Exchange CCEDK

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Darkcoin Gains Wider European Exposure, Now Trading at Danish Exchange CCEDK

Darkcoin Gains Wider European Exposure, Now Trading at Danish Exchange CCEDK Danish cryptocurrency exchange platform CCEDK announces it has started accepting Darkcoin, allowing the privacy-centered digital currency to gain wider European exposure.

Hune-based cryptocurrency exchanger CCEDK (Crypto Coins Exchange Danemark ApS) announced on October 10, it has integrated Darkcoin (DRK) among its +10 altcoin list made available for trading.

Launched in May 2014, CCEDK is a Danish digital currency exchange platform, which offers trading in […]

SecuraCoin Retail Bitcoin Exchange

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SecuraCoin Retail Bitcoin Exchange

www.securacoin.com

We are a Digital Currency Business based out of Toronto, Canada. We specialize in servicing Money Service Businesses (MSBs) and other retailers by creating technology and infrastructure for them to start using and providing digital currency services. We ourselves are a registered MSB in Canada with the Financial Tracking & Analysis Centre of Canada (FinTRAC) and are in the process of getting registered with the proper regulatory bodies in other jurisdictions as our new […]

Why Apple Pay Is a Threat to Bitcoin

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Why Apple Pay Is a Threat to Bitcoin

Apple Pay Bitcoin Threat Apple Pay isn’t even here yet and, arguably, it’s already winning the war against bitcoin.

Like the digital currency, Apple is disrupting the payments system, but people will probably use it more than they use bitcoin.

Cupertino has carefully focused on three areas to make sure that happens: front-end experience, financial institutions, and merchants.So what is the cryptocurrency community going to do about it? Apple Pay’s holy trinity Apple nailed the customer experience side. […]

Philippine Government Bill Could Pave Way for Bitcoin-Backed Money

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A member of the House of Representatives of the Philippines has introduced a bill that would seek to create a government-backed “e-peso” that would serve as an official medium of exchange for domestic online payments.

Introduced as part of the E-Peso Act of 2014, the payments tool would be considered legal tender for debt, taxes and goods and services, according to a report by The Philippine Star .

Most notable for the bitcoin industry is that the […]

Russia’s Startups Seek Refuge Abroad in Face of Bitcoin Ban

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Due to Russia’s status as the ninth-largest economy in the world, its rising interest in non-cash transactions and its evolving payments ecosystem, the country has unsurprisingly been a market of interest for the bitcoin community, both domestically and internationally.

However ripe for disruption the Russian market might be because of these factors, though, the country’s parliament may soon cast the deciding vote as to whether bitcoin will play any role in country’s ongoing payments upheaval.

On […]

Serbia’s Bitcoin Community Pledges Response to Central Bank Warning

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National Bank of Serbia The National Bank of Serbia (NBS) issued its first statements on bitcoin earlier this month, echoing familiar warnings issued by central banks around the global.

Citing statements from the European Banking Authority, the NBS confirmed that bitcoin is not considered legal tender under the country’s laws, that banks and licensed exchange dealers are prohibited from transacting in bitcoin and that consumers who choose to use digital currency do so at their […]

Isle of Man’s Labour Party Gets Squeamish Over the Whole ‘Digital Cash’ Thing

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Manx news outlet The Isle of Man Today reported Thursday that the Manx Labour Party has called for the island’s Department of Economic Development to conduct a risk assessment of cryptocurrencies, which apparently are giving Labour a cause for concern.

Bitcoin, the party said, is “the payment of choice on the Dark Web,” according to the story.

Here is the full text of the statement from Manx Labor press officer David Carter: “The government must give […]

‘Bitcoin is Better than Currency’ – Bill Gates

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When Bill Gates introduced the Windows® operating system it changed how we use computers forever and made Gates one of the wealthiest men on the planet.

But it was also Gate’s unique business model that made Microsoft the powerhouse that it is today. Instead of hiring programmers to write his code he chose mathematicians, physicists and other scientists under the theory that if they were that smart computer programming would be a piece of cake. […]