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Bitcoin Politics

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…

cineramaOctober 21, 2014

Bitcoin Politics

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…

cineramaOctober 21, 2014

Bitcoin Politics

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…

cineramaOctober 21, 2014

Bitcoin Politics

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…

cineramaOctober 21, 2014

Bitcoin Politics

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…

cineramaOctober 21, 2014

Bitcoin Politics

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.…

cineramaOctober 20, 2014

Bitcoin Politics

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…

cineramaOctober 20, 2014

Bitcoin Politics

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

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

cineramaOctober 20, 2014

Bitcoin Politics

Is Bitcoin Better Than the Dollar? | CNBC International

Is Bitcoin Better Than the Dollar? CNBC's Worldwide Exchange takes a lookSubscribe 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…

cineramaOctober 20, 2014

Bitcoin Politics

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…

cineramaOctober 18, 2014

Bitcoin Politics

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…

cineramaOctober 18, 2014

Bitcoin Politics

Russian Yandex Forgot Bitcoin Exchange Rate

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.…

cineramaOctober 18, 2014

Bitcoin Politics

Op-Ed: Why We Need Decentralized Due Diligence

Op-Ed: Why We Need Decentralized Due Diligence Facebook38Twitter21G+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…

cineramaOctober 18, 2014

Bitcoin Politics

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…

cineramaOctober 18, 2014

Bitcoin Politics

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…

cineramaOctober 18, 2014

Bitcoin Politics

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…

cineramaOctober 17, 2014

Bitcoin Politics

“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…

cineramaOctober 16, 2014

Bitcoin Politics

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…

cineramaOctober 16, 2014

Bitcoin Politics

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…

cineramaOctober 16, 2014

Bitcoin Politics

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…

cineramaOctober 16, 2014

Bitcoin Politics

Bitcoin Rush | Episode 23

ApplePay - Benjamin Lawsky - Unobtanium - TheOpenMinute w/ Blake Anderson - BitcoinRush playing live music - CitigroupBtc donations will be used wisely: 17vPhPit8cZP3sspyFw57f4Tj98ab9Hm3g Click here to view full article

cineramaOctober 16, 2014

Bitcoin Politics

SecuraCoin Retail Bitcoin Exchange

www.securacoin.comWe 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…

cineramaOctober 16, 2014

Bitcoin Politics

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…

cineramaOctober 15, 2014

Bitcoin Politics

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…

cineramaOctober 15, 2014

Bitcoin Politics

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…

cineramaOctober 15, 2014

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