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regulation

Bitcoin News Mash-Up: Coinbase Expands Territory; Roundtable Discussion Announced; and More

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Following are the major Bitcoin news of the day

Coinbase Expands its Services to Seven US States

Bitcoin wallet and payment processing company Coinbase recently announced to extend its services to over seven US states. They are: Alabama, Iowa, Kansas, Mississippi, New Hampshire, New York and North Dakota (totaling 22 states). Users from these states will now be able to buy Bitcoins without using a credit card. You can read the entire report […]

What These 9 Cyber Security Buzzwords And Jargon Terms Really Mean

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By Sue Poremba

Hybrid cloud. BYOD. Big Data. Internet of Things. These are terms that have become part of the daily lexicon, not only within the information technology (IT) and cyber security world but also in the main stream. Jargon is integral to IT. They make complicated terms more accessible to the non-technical person, even if they aren’t easier to understand.

Buzzwords are commonplace in IT security, as well, but are they truly understood? As […]

PayPal Expresses its Thoughts on Bitcoin Regulation

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PayPal has some interesting feelings towards bitcoin.  Apparently, while the currency itself shouldn’t be up for regulation, businesses that deal in it should.

The company made a submission to the Australian Senate committee investigating the regulation of digital currencies that calls for the recognition of differences between digital currencies, and the companies that facilitate digital currency transactions.

PayPal’s submission states:“While the currency itself should not be regulated, and transactions by individual users without the assistance of […]

Introducing… ForexBroker Inc

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So we’ve added a new brokerage to our top brokers this week – ForexBroker Inc . We thought this company may be of interest to our user base as it not only offers bitcoin as a tradable asset, it also accepts US traders – something that very few Forex and binary options brokers are willing to do. The reasoning behind this derives from US rules and regulations regarding financial markets, but this company has […]

New Bitcoin Embassies in Asia Bring World Total to 17

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Bitcoin Embassy Seoul Two new Asian ‘bitcoin embassies’ opened last week in Seoul and Tokyo, with a shared mission to bring bitcoin’s message to a more general audience.

There are now 17 such advocacy centres worldwide, in all major regions except Africa. However, the organization behind the movement is currently in negotiations to set up embassies both there and in the Middle East. Gangnam style

The Seoul centre is based at the Startup Alliance co-working space in trendy […]

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 […]

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 Talk Show #35 — Bitcoin Giving Tuesday, Talking TipBots and the Bitcoin News LIVE

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The Open Bitcoin Privacy Project is an open source, global organization whose mission is to improve financial privacy within the Bitcoin ecosystem. We hold r.

Support #Bitcoin Charities! Thanks for watching! 🙂

Sponsored by — multisig wallet and more! December 4nd, 2014 — MadBitcoins. They’re M-A-D Delicious. This episode is sponsored by http:/.THIS WEEK: —————————- HR 5777 BILL PROPOSES MORATORIUM ON BITCOIN REGULATIONS OR RESTRICTIONS

The CFTC Does Not Want to Skew Bitcoin Market Says Commissioner Mark Wetjen

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Mark Wetjen, one of four CFTC commissioners appointed directly by the US president and Senate, and accountable to organization chairman Timothy Massad, says that the organization has no choice but to examine Bitcoin . He says that he has been personally excited to learn more about the technology underlying the digital currency.

At the same time he said that his organization does not have any intention to ‘skew market’; rather, according to him the role […]

CFTC Commissioner Opens Up about Bitcoin

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ForexMinute.com – While the Commodity Futures Trading Commission (CFTC) still remains undecided on their proceedings towards Bitcoin regulations, its commissioner – Commissioner Mark Wetien – proved himself to be more open this new commodity-cum-payment-technology.

In his recent Op-Ed for the Wall Street Journal, Wetien wrote lengths about the importance of Bitcoin in transforming the finance industry, especially the derivatives market which is being generally oversaw by his organization. He though referred a number of virtual […]

Cryptocurrency round-up: UK and Germany divided over bitcoin and Bit-Reserve breaks fund-raising record

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Digital payments platform BitReserve has raised £6.3m, while the EU is at risk of falling behind other bitcoin hubs (IBTimes UK) Bitcoin has seen its price slide over the last 24 hours, falling by around 2% to take its market cap down below $4 billion.

Most other major cryptocurrencies have followed the lead of bitcoin, with litecoin, paycoin, dogecoin and namecoin all falling in value by between 2% and 3% since yesterday.

The biggest mover across […]

Coinbase Updates User Agreement to Access Customers’ Credit History

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Coinbase has updated its User Agreement to allow the company, either directly or through third party intermediaries, to collect credit histories from its 1.9 million users.

The new terms in the second paragraph read as follows: “You hereby authorize Coinbase to, directly or through third parties, (i) Make inquiries we consider necessary to verify your identity and/or account information and (ii) request and obtain any consumer report, credit report or similar information relating to you […]

State of Bitcoin 2015: Ecosystem Grows Despite Price Decline

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CoinDesk is pleased to announce the latest quarterly  State of Bitcoin report, featuring a 2014 Year in Review, an in-depth analysis of data and events from the fourth quarter of 2014 and a look ahead to what 2015 might bring. 

Overall, 2014 could be characterized as a ‘Tale of Two Bitcoins’.

On the one hand, significant bitcoin venture investment continued and much progress was made in furthering adoption, particularly in bitcoin payment acceptance by big brand names such as Microsoft […]

Coin Center Launches its Website

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Education and research institution Coin Center has launched its website.  Its focus will be policy issues relating to bitcoin and cryptocurrency.

The institution states on its homepage:

“Think of us as a think tank for blockchain technology.  Our mission is to build a better understanding of the technology in order to promote a regulatory climate that preserves maximum freedom of action for digital currency innovation.  We are not a trade association or an industry group.  Our […]

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 […]

Wedbush: Bitstamp Issues Shouldn’t Dampen Confidence in Bitcoin

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Wedbush Securities issued a new report today in which it examines how bitcoin evolved in 2014 and why, despite challenges, it believes the ecosystem will bolster its still nascent infrastructure in 2015.

The 13-page report is the latest from the US financial services and investment firm, which has been among the more outspoken players in the finance industry on the subject of digital currencies.

Though wide-ranging in its analysis of the bitcoin ecosystem, perhaps the most notable comment […]

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 […]

Bitwage And Amagi Metals Partner For Bitcoin Payroll

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Bitcoin-friendly Amagi Metals has announced that its entire staff will voluntarily accept a portion of individual employee paychecks in Bitcoin in 2015 through Bitwage . CEO of Amagi Metals Stephen Macaskill said the company is taking this action to advance its ability to function fully in Bitcoin going forward. Macaskill will accept $40,000 of his annual salary in bitcoin to demonstrate his support of Bitcoin.

The announcement came on the heels of Amagi Metals’ August […]

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 […]

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 […]

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 […]

The Bitcoin Foundation Dismisses Jim Harper from his Position as Global Policy Counsel

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According to a report published in the New York Times Jim Harper whose was appointed as the Bitcoin Foundation’s global policy counsel last March has been dismissed from the post. The portal informs that Mr. Harper’s last day was Wednesday, though he received notice of the foundation’s decision shortly after Thanksgiving.

Regarding the dismissal Patrick Murck, the executive director of the Bitcoin Foundation said that the organization is changing direction a little bit here and […]

LazyCoins Launching LazyPay Mobile Wallet and Merchant App for the Point-of-Sale Bitcoin Market

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UK-based altcoin exchange LazyCoins has announced they are relaunching their online exchange, along with a mobile app for payments and merchant services. Aiming to expand their services to include mobile payments and merchant services, LazyCoins will be moving into direct competition with industry leaders BitPay and CoinBase’s own merchant apps.

LazyCoins is entering the fight to provide merchant services in the digital currency world. This was one of the growing trends at the end of […]

6 (More) Bitcoin Myths Debunked

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We’ve all heard them before.

As a groundbreaking innovation, bitcoin naturally attracts skeptics just as strongly as it attracts supporters, and the technical and theoretical complexity of the digital currency can cause a considerable amount of confusion with those who are not ‘in the know’.

The result is that critics of bitcoin oftentimes fall back on one or two euphemisms to express why they think it will never succeed – simplified statements like "bitcoin is a ponzi […]

Is Falling Bitcoin Value a Cause for Concern?

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In the short term, the answer is yes. Despite numerous encouraging announcements in the cryptocurrency industry, Bitcoin faces downward price pressure in the near term. Some of this downward pressure is inherent, as roughly 3600 Bitcoins are mined per day. Taking it a step further, at a price of $300 per Bitcoin, $1,080,000 of new Bitcoin must be purchased every day to maintain the current price. Bitcoin will need to live through […]

Review: Ravenbit Keeps Physical Bitcoin Meme Alive

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Ravenbit physical bitcoin Name of product: Ravenbit NODE coin (standard edition, brass)
What it is: Physical ‘bitcoin’ token
Made by: Ravenbit
Cost: $20 plus shipping (less if bought in bulk quantities, more if limited edition)
Basic summary: The Ravenbit NODE is a physical bitcoin token with no pre-loaded value (to comply with money transmission regulations), to give as gifts or keep as a collectors’ item. Users install bitcoin value by attaching printed QR […]

SpaceBit To Build Cryptocurrency Bank in Space

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A new start-up company called SpaceBit has announced plans to launch a satellite, carrying a ‘Space Vault’ into orbit around the earth. This vault will form the basis for a new cryptocurrency bank aptly named ‘ Space Bank ‘, which is being described as ‘the world’s first satellite banking platform’.

According to an official press release the futuristic new banking service will cater to users of both Bitcoin and Ven (a digital currency used by […]

Weekend Roundup: Snowden Accepting Bitcoins, Ecuador’s Digital Money Launches, and ChangeTip Rolling Out Facebook Support

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Weekend Roundup: Snowden Accepting Bitcoins, Ecuador’s Digital Money Launches, and ChangeTip Rolling Out Facebook Support On Thursday, Carlo Caraluzzo reported that American whistleblower Edward Snowden is accepting bitcoins to finance his legal defense. “Snowden is accepting donations in PayPal, credit card, check, bank transfer and now, of course, Bitcoin. Donations can be made at this location . The donation website is in fact owned and operated by WikiLeaks and is registered by Julian Assange, […]

MaidSafe Founder Seeks Monopoly on ‘Distributed Network System’

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MaidSafe founder David Irvine asked the U.S. government in June 2014 to create and enforce a monopoly on his behalf. On January 1 of this year, the U.S. government agreed to do so . The monopolistic grab goes by another name, too: patent.

The following computing process is what Irvine now claims he owns: “A method of storing data from a first node on a peer-to-peer network. The method includes creating a public and private […]

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 […]

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 […]

10 Bitcoin Resolutions for 2015

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A lot can happen in 365 days.

A year ago, 1 BTC was worth $770, governments around the world were either terrified of bitcoin or laughed it off as a passing fad and it was a lot harder to find a place to spend your bitcoins.

Today, you can buy a bitcoin for $316 , governments and financial institutions are starting to understand the disruptive potential of the bitcoin protocol and digital currencies, and bitcoin shopping options are […]

Singapore Hosting Inside Bitcoins 2015 Conference

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Inside Bitcoin The major cryptocurrency event, Inside Bitcoin , will be held next year in Singapore on January 29-30, 2015. Event sponsors are encouraging people to reserve tickets early and are offering discounts to those who pre-register. Group rates are also being offered.

The exhibition and show will be held at the Suntec Singapore Conference and Expo over a two day period and feature both conference sessions and exhibits. Organizers say that whether attendees are […]

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 […]

India’s Central Bank Could One Day Use Digital Currency, Chief Says

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India flag cash composite Reserve Bank of India (RBI) governor Raghuram Rajan spoke out on bitcoin at a televised event organised by the NDTV network late last week.

During the  discussion , which looked at aspects of the Indian economy, the governor was asked for his opinion on bitcoin. He responded by saying that the digital currency is “fascinating”.

However, Rajan was also cautious about the risks of the new technology.“I think we are still watching the evolution of these kinds of currencies," […]

Singapore to Organize the First Major Cryptocurrency Conference & Expo the Next Month

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inShare 1 Singapore is going to be in news for the country is going to organize the first major cryptocurrency event. Nonetheless, continuing the largest Bitcoin event worldwide, Inside Bitcoin is headed to Singapore on January 29-30, 2015. The organizers of the event are inviting the participating parties and even offering discounts for early birds.

The organizers of Cryptocurrency Conference and Expo are asking the interested parties to join them at the Suntec […]

India Soon To Be A Cashless Society, Says Governor

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India has been a little slower than many Western – and indeed Asian – nations in its adoption of digital currency, but it looks as though we are finally seeing some movement in the right direction. In a television interview released earlier today, Raghuram Rajan , Gov of the reserve bank of India, voiced is opinion on bitcoin and its likely future in India.

Seemingly in strong support for bitcoin adoption, the governor responded to […]

Russian Ministry Criticises Draft Bill Banning Bitcoin

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Kremlin winter Russia’s Ministry of Economic Development has criticised a proposed ban on "cash equivalents", according to a report.

The ministry said that legislation aimed at banning cash equivalents, including digital currencies like bitcoin, could have negative effects on retailers, telecom operators and banks.

Specifically, some provisions of the bill could create excessive restrictions and obligations, creating unreasonable costs for businesses, it said. The ministry therefore asked that the bill be reworked and resubmitted for further consideration. The bill in question […]

The Hidden Dangers of Bitcoin

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Bitcoin is a revolutionary decentralized architecture which can be used for an untold number of incredibly valuable services – including the transfer of fina.

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Bitcoin is a revolutionary decentralized architecture which can be used for an untold number of incredibly valuable services – including the transfer of fina.THIS WEEK: —————————- HR 5777 BILL PROPOSES MORATORIUM ON BITCOIN REGULATIONS OR RESTRICTIONS

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 […]

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 […]

Will UFUN UToken Overtake Bitcoin And Become The World s Strongest Digital Currency

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The UFUN UToken has been taking over the digital currency market in Asia. There are many advantages of the UToken over all the crypto-currencies in the market.

While most crypto-currencies like bit coin are very volatile, the UFUN UToken continues to increase in value and the growth is excellerating.

The UToken is the first digital currency with a real reserve system. The UToken reserve meets the BASEL requirements which are the internation banking rules and regulations.While […]

Russia Might Rollback Its Decision to Ban Bitcoin

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ForexMinute.com – Already going through rough economic times , Russia is reportedly planning to rollback its decision to ban all sort of cash equivalents, including cryptocurrencies like Bitcoin.

According to a report published on RT , Russia’s Ministry of Economic Development has shown concerns about the ban’s possible outcome, which could negatively impact the country’s major telecom operators, retailers and bank. As per the government body, the proposed ban lacks precision and literally leaves cash […]

Professor Kevin Dowd is Still Skeptical about Bitcoin

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When  Kevin Dowd , a professor of Economics and Finance at Durham University, wrote a piece titled “Bitcoin is bust: Why investors should abandon the doomed cryptocurrency,” a lot of debate took place whether this libertarian and fierce advocate of private money over government-issued and controlled alternatives was right.

However, those who opposed him have not been able to convince him that Bitcoin is a complete private currency. Professor Kevin Dowd had argued that the […]

NYC Requests Info on Using Bitcoin to Pay Parking Tickets

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New York City is looking for new ways to make it easier for residents and visitors to pay for their parking tickets – and Bitcoin is one of a range of new technologies under consideration.

The city’s Department of Finance has issued a ‘Request for Information’ (RFI) entitled “ Mobile Solutions for Payment and Hearing Scheduling of Parking Tickets ,” which makes it clear that they are looking into novel payment technologies and mobile friendly […]

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 […]

Xapo: ‘Without Security, Nothing Else Matters’

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CoinTelegraph has been at Money 20/20 speaking to a huge variety of major names in the cryptocurrency market and beyond.

One name on the lips of many at present is Xapo, a secure Bitcoin storage and payment facilitator which has seen much publicity. From initial praise to recent backlash from community commentators, CSO Ted Rogers talks to CoinTelegraph about the challenges of being a standout in the early Bitcoin ecosystem.

Rogers was directly involved in recent […]

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 […]

Andreas Antonopoulos and Jeffrey Tucker Speak at Bitcoin South

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Andreas Antonopoulos The Bitcoin South conference in beautiful Queenstown, New Zealand was a smashing success, but don’t just take our word for it. All you need to do is keep an eye on Jeffrey Tucker’s twitter feed : Imagine a conference so good that 100% of attendees are at the session on the morning of the second day. That’s @bitcoinsouth — Jeffrey A Tucker (@jeffreyatucker) 29th november 2014 Every speaker was better than the […]

Bitcoin Predictions for 2014: How the Pundits Fared

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Fortune cookies If there was one word that could describe bitcoin over the past year, it would be ‘unpredictable’. So, with that in mind and armed with 20/20 hindsight at year’s end, it’s fun to go back and look at all the people who tried to do just that.

Whether they prognosticated over the entrails of dead animals or defunct bitcoin exchanges, actual data or emotional investment, the results were – perhaps unsurprisingly – often […]

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 […]

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 […]

Coinprism Now Offering Armory Cold Storage for Colored Coins

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Coinprism is the first colored-coins Bitcoin wallet. They offer the ability to prove ownership of stocks, bonds, commodities, smart property and more by “coloring” bitcoins with the Open Assets protocol . Now you can store those colored coins with Armory , which is the only open-source wallet that supports both multisignature transactions and cold storage.

As Coinprism’s announcement explains, their wallet “is already extremely secure, as the private keys never leave the browser,” but cold […]

Report: ‘Virtual Currencies Set to Quickly Disrupt Major Markets’

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Virtual Currencies According to a study published recently by Technology Strategies International, Inc. (TSI), virtual currencies are likely to be a major disruptive force within the next decade.

The report, entitled “The Future of Virtual Currencies 2014,” speculates that virtual currencies such as Bitcoin have grown to the point that there is literally no stopping these new innovative technologies that are cropping up every day. Finally, the report advises organizations that want to avoid being […]

First Global Credit CEO, Gavin Smith: ‘The Blockchain has the Potential to Take the Stock Exchange to the Next Level’

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First Global Credit CEO, Gavin Smith: ‘The Blockchain has the Potential to Take the Stock Exchange to the Next Level’ CoinTelegraph reached out to First Global Credit CEO, Gavin Smith, who recently contributed his own Op-Ed piece about Anonymity vs. Privacy, to get his thoughts on the advantages of trading with bitcoins, the future of the stock market in the age of the blockchain and the looming BTC regulations.

CoinTelegraph: What do you see […]

The Rise and Rise of Lipservice: Viral Western Union Ad Debunked

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Western Union [Note: Tim Swanson is the author of Great Chain of Numbers and The Anatomy of a Money-like Informational Commodity .]

Last week the /r/Bitcoin community thought they came up with a clever ad (see image) that revealed the “true” costs of remittances. But this is an apple’s to orange’s comparison. Because it lacks a “ circular flow of income ” in developing countries, Bitcoin, the network, in this instance is just a […]

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 […]

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 […]

Western Union Sitting Duck in Bitcoin Viral Ads Blunder

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Western Union Western Union has become the latest target of one of the Internet’s more sophisticated dethroning campaigns – and, it seems, has already lost the battle to contain the consequences.

An image posted to Facebook depicting an altered version of the company’s own advertisement, changed to include a direct comparison with Bitcoin, is currently going viral. Sending money with Western Union vs. Bitcoin The image shows the cost of sending money using Western Union, […]

Bitcoin Trading Lower as it Faces Tax Regulations

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Leading industry experts are considerably upset with the Australian Finance Ministry after they expressed interest in considering Bitcoin a commodity in order to levy a tax. Many in the Bitcoin community feel that such regulations will surely hamper the crypto-currency’s growth in Australia and may force individuals and companies to take their businesses overseas. This will prevent Bitcoin from developing into an enriched asset that can enable transactions from anywhere around the world.

When looking […]

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, […]

Andreas Antonopoulos: Sales Tax on Bitcoin is “Monumentally Stupid”

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Sales tax on bitcoin would be a “monumentally stupid” idea, according to Andreas Antonopoulos, a bitcoin enthusiast, author, and expert — as pointed out today by  Startup Smart .

The words, which many in the community would agree with, come following a guidance related to bitcoin released by the Australian Tax Office earlier this year, which indicates the country’s Goods and Service tax (known as the GST) is effectively applied twice to bitcoin transactions.

“It’s as monumentally […]

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 […]

For Bitcoin, It’s the Tech – Not the Talk – That Really Matters

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To some, the idea of money that’s free of governments and banks is extremely appealing.

The money system causes the wealth gap, they say. It’s the reason both the state and the financial sectors have both grown to such disproportionate size.

Use a different money, and the government and banks’ monopoly is destroyed. Their power is reduced. They can’t perpetrate many of the abuses that go on – whether it’s inflation, forex- or libor-rigging, bailouts or […]

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 […]

CFTC: ‘We Have the Authority over Bitcoin Price Manipulation’

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The struggle between US regulatory agencies about who can act in cases involving Bitcoin continues as the Commodity Futures Trading Commission, an independent United States Federal agency determined that it has enforcement powers against price manipulation in Bitcoin markets.

This agency was established in 1974 by the Commodity Futures Trading Act to promote “competitive and efficient futures markets and protect investors against manipulation, abusive trade practices and fraud.”

In remarks at the Bitcoin conference held at […]

UK Shadow Minister Woos Bitcoin Community Ahead of Elections

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UK Shadow Minister Woos Bitcoin Community Ahead of Elections ForexMinute.com – Chi Onwurah, one of the shadow ministers for the UK’s cabinet office, recently appreciated Bitcoin to reduce consumers’ dependency on financial institutions. Her comments were the part of a Digital Government review – Digital Britain 2015 – launched recently by the center-leftist political party Labour.

The aforementioned report is intended towards discussing the importance of digital currency technology in improving people’s powered public services. […]

You’ve Been Lied to About Net ‘Neutrality’ (Op-Ed)

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There are three problems that surround this debate, and each problem comes from a different group:

1 – First is a problem for us, the consumers. Near-monopolies like Comcast, Verizon and AT&T did not become near monopolies by accident. During the early days of the Internet, regulations (i.e. barriers to entry) were created that effectively prevent other, smaller ISPs from being able to compete with the behemoths. This allows these mega ISPs to provide their […]

Finland Classifies Bitcoin as VAT-Exempt Financial Service

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Finland flag shutterstock Finnish regulators have classified bitcoin as a financial service, thus granting it VAT-exempt status.

The Finnish Central Board of Taxes (CBT) judged bitcoin to be a financial service in ruling 034/2014, which states that bitcoin purchases qualify as “banking services” under the EU Value Added Tax (VAT) Directive.

The ruling was issued after a court classified bitcoin as a payment instrument and sets Finland’s approach to the cryptocurrency apart from most European jurisdictions, which generally treat bitcoin […]

UK Shadow Minister Outlines Bitcoin’s Potential for Disruption

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Nov-20-Transferwise-Chi-Onwura 3 Bitcoin has the potential to reduce consumers’ reliance on giant banks and other entrenched financial institutions, according to Chi Onwurah, the UK’s shadow cabinet minister for digital government.

Onwurah is leading a sweeping review of how technology is used by UK public services for the opposition party, Labour. The review includes examining institutions dealing with financial services, she said.

Speaking exclusively to CoinDesk, Onwurah said: "It’s about dispersing power away from the classic, traditional […]

Dutch Exchange CleverCoin Expands Internationally, Adds Card Deposits

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CleverCoin opened its bitcoin exchange to the wider European market today, while adding MasterCard and Visa credit and debit cards to its list of available payment options.

Founded in January, CleverCoin had been serving customers solely in the Netherlands for two months prior to the announcement. The company notably garnered more international notice for its attempts to help relaunch troubled Norwegian bitcoin exchange Justcoin , though it is no longer involved in the effort.

CleverCoin now […]

Chinese Bitcoin Mining Alliance Denounces Ponzi Schemes in Transparency Push

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Hong Kong meeting A consortium of major bitcoin mining companies has pledged to be more transparent in its operations, specifically on the source of cloud mining payouts.

Including major China-based bitcoin mining firms ASICMiner, Gridseed , Rockminer , XBTec and ZeusMiner , the group boasts that the partnership has resulted in the “the strongest alliance ever in cloud mining history”, according to the official announcement.

The move follows previous cooperative efforts between the companies, which are moving to […]

Commissioner Claims CFTC Can Intervene in Bitcoin Markets

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A commissioner at the Commodity Futures Trading Commission (CFTC) has asserted the agency has the authority to take enforcement actions against price manipulation in bitcoin markets.

Commissioner Mark Wetjen made the remarks at a bitcoin conference held at Bloomberg in New York on Monday.

When asked if the CFTC has the authority to become intervene in such an event, he said: “It has not been tested, but I do believe we have the authority because bitcoin, by I think a very […]

Finland at Odds with EU on VAT Exempts Status of Bitcoin Services

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The nation of Finland has ruled that Bitcoin services will be exempt of Value Added Tax. 

While many in the Bitcoin community dread the thought of regulation and taxes, the fact is that if Bitcoin is ever going to become mainstream, both might become a necessary evil in some countries. But of outmost importance is the question of how those regulations and taxes are or will be applied.

Countries around the world have been struggling with […]

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 […]

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 […]

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 […]

Western Union CIO: Bitcoin No Solution for Today’s Market

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For Western Union chief information officer John “David” Thompson, bitcoin represents an innovative technology that, if successful, could significantly impact the way people transact and exchange information.

Yet the path he sees to that future is fogged by regulatory and cultural challenges that are yet to be resolved.

In conversation with CoinDesk, Thompson detailed how he invested in bitcoin mining in order to learn more about nuts and bolts of the technology – a process that […]

CFPB Could Demand Consumer Protections for Digital Wallets

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The Consumer Financial Protection Bureau (CFPB) has published a set of proposals that could impact cryptocurrency users.

Its 870-page report, published 13th November, is largely focused on prepaid debit cards, but some provisions in the document may apply to cryptocurrency wallets too. Regulations may apply to all digital wallets

The bureau is still seeking comment on its proposed definition of ‘prepaid accounts’ and admits that the document remains a work-in-progress.While most of its proposal deals with […]

How Koinify and Melotic Plan to Bring Order to Crypto Crowdsales

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Though the crypto 2.0 segment of the bitcoin community is maturing, the part of the industry principally concerned with non-financial or advanced blockchain applications has struggled to develop a stable marketplace for its projects.

In the absence of strong VC interest, or perhaps in the spirit of pushing the boundaries of innovation, many decentralized applications ( DApps ) are seeking to fund themselves through what may arguably be the blockchain’s most compelling use beyond currency, […]

Tatiana visits New Zealand’s first Bitcoin South

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Tatiana visits New Zealand’s first Bitcoin South I have been prepping for weeks and have finally arrived in Melbourne for my tour of Australia and New Zealand.  What brings me all the way across the world? Well, Bitcoin South, which is 29th & 30th Nov, in beautiful Queenstown, New Zealand! Not only will I be speaking and performing the Bitcoin Jingle along with other songs from my 3 rd album, but I will also be […]

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 […]

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 […]

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 […]

Real threat ‘not legislation but banks themselves’ – InPay CEO

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SHA256 ALGORITHM HASHRATE: 275.6 Ph/s Polish payment process InPay made headlines last week, announcing it will allow investors to secure company shares using Bitcoin.

The Warsaw-based firm is using crowdfunding service Beesfund in a first-of-its-kind initiative in the country, and indeed for the Bitcoin industry itself.

Given the constantly shifting regulatory environment, such an idea is not without its dangers. An attempt by Dutch entrepreneur Eric Voorhees earlier this year gained much publicity when it culminated […]

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 […]

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 […]

New Zealand Deputy Governor: ‘The Reserve Bank Does Not Feel Threatened by Bitcoin’

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Reserve Bank New Zealand deputy governor Grant Spencer says New Zealand’s central bank, the Reserve Bank of New Zealand, is not threatened by Bitcoin, but is eventually planning to tighten regulation.

In a speech delivered to the Payments New Zealand ‘s premier industry conference on November 11 in Auckland, deputy governor Grant Spencer stated : "As the currency issuer, the Reserve Bank does not feel threatened by Bitcoin which seems to behave more like a […]

Global Digital Currency Conversion Summit to Follow G20 in Brisbane

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SHA256 ALGORITHM HASHRATE: 279.2 Ph/s The G20 Summit usually draws protestors by thousands from around the world most of whom are angered at what they see as global economic policies that benefit only a few at the expense of the many.

But this year the Australian Digital Currency Association (ADCCA) seems to be trying to balance that out by hosting a special cryptocurrency-focused event that is scheduled to overlap the G20. The event, held in […]

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 […]