Tag Archives: Bitcoin

Fincen Conducting Bank-Style BSA Exams of Virtual Currency Firms

Posted on by

“Financial Crime Enforcement Network Director Jennifer Shasky Calvery said Wednesday that Internal Revenue Service examiners are conducting banklike exams of virtual currency firms for possible anti-money-laundering violations.  Her speech comes just after the agency levied a $700,000 fine against prominent virtual currency company Ripple Labs on Tuesday night for alleged violations of the Bank Secrecy Act, including failing to report suspicious activity.  Calvery first mentioned the exams earlier this year while speaking on a panel at a Council on Foreign Relations event on cryptocurrency policy, but the remarks were not widely known.”

http://www.americanbanker.com/news/bank-technology/fincen-conducting-bank-style-bsa-exams-of-virtual-currency-firms-1074179-1.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

IBM, central banks adapting bitcoin technology for major currencies

Posted on by

“The company has been in informal discussions about a blockchain-tied cash system with a number of central banks, including the U.S. Federal Reserve, the source said. If central banks approve the concept, IBM will build the secure and scalable infrastructure for the project.  Unlike bitcoin, where the network is decentralized and there is no overseer, the proposed digital currency system would be controlled by central banks, the source said.  According to the plans, the digital currency could be linked to a person’s bank account, possibly using a wallet software that would integrate that account with the proposed digital currency ledger.”

http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Bitcoin Startup 21 Unveils Plan For Embeddable Mining Chips

Posted on by

“The world’s best-funded bitcoin startup has revealed plans to market a line of chips to embed in consumer devices, allowing smartphones and other Internet-connected gadgets to continuously earn digital currency through the process known as ‘mining.’  The news from 21 Inc., which is also adding former Treasury Secretary Lawrence H. Summers to its advisory board and announcing that tech giant Cisco Systems Inc. and former AMR Holdings PLC chief strategy officer Mark Templeton are investing in the company, ends 18 months of intense speculation within the bitcoin community.  In March, the company said it had stealthily amassed $116 million in fundraising– a record for the sector.”

http://blogs.wsj.com/digits/2015/05/18/bitcoin-startup-21-unveils-product-plan-embeddable-mining-chips/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Bitcoin trading launches on Nasdaq Stockholm exchange

Posted on by

“The world’s first bitcoin-based security available on a regulated exchange has launched on Sweden’s Nasdaq.  Bitcoin Tracker One, developed by Stockholm-based firm XBT Provider, is an Exchange Traded Note (ETN) that allows traders to invest in bitcoin and access the returns of the underlying asset in US dollar per bitcoin.  ‘We are proud to offer the world’s first ‘bitcoin tracker’ to be traded on a regulated exchange,’ said Alexander Marsh, CEO of XBT Provider after the tracker was authorised in April 2015.  Nasdaq OMX group announced last week that it will be using bitcoin’s underlying blockchain technology to facilitate the trading of shares on its US stock market.”

http://www.ibtimes.co.uk/bitcoin-trading-launches-nasdaq-stockholm-exchange-1501772

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Nasdaq is experimenting with revolutionary technology behind Bitcoin

Posted on by

“The Wall Street Journal reports that the Nasdaq is experimenting with blockchain technology in a pilot project, a move that could — if successful — transform the financial industry.  Nasdaq is hoping to bring the efficiency promised by the blockchain to other areas of finance, potentially dramatically reducing the need for lawyers and intermediaries.  Nasdaq is implementing the technology in its Nasdaq Private Market, ‘a fledgling marketplace launched in January 2014 to handle pre-IPO trading among private companies.’ Once a deal is done, the parties would cryptographically sign a contract, and the rights would be transferred over almost instantaneously — no lawyers required.”

http://www.businessinsider.com/nasdaq-private-market-blockchain-bitcoin-experiment-currency-ledger-2015-5

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Ukraine’s Economic Blockade Boosts Bitcoin Usage in Separatist East

Posted on by

“This is the first time in modern history when such a large swathe of territory with a pre-war population of 3.8 million people has been left with no banking services whatsoever. All business and personal accounts were closed and ATMs stopped operating leaving businesses and millions of people without any means of accessing their money. CoinTelegraph spoke with the Head of the Cryptocurrency Foundation Russia (CCFR), Igor Chepkasov on how cryptocurrencies are being used in these runaway regions and whether the Ukrainian or Russian governments are capable of doing anything to stop this.”

http://cointelegraph.com/news/113926/kievs-economic-blockade-boosts-bitcoin-usage-in-separatist-east

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

$50m Dark Web Market Just Disappeared With Millions In Bitcoin

Posted on by

“It had become a bigger, badder version of the Silk Road drug bazaar in its short life, but Evolution, founded on 14 January last year, has apparently been closed and one staffer is claiming the admins have scammed its huge user base. The site, based on the anonymising Tor network, was home to nearly 20,000 drug sales at the time of its apparent demise, far more than Silk Road or its subsequent iteration Silk Road 2, but also sold weapons, from guns to tasers hidden in fake cigarette packets, and plenty of fraud material. It was also slicker, faster and more professional than other dark web markets, but is ostensibly no more.”

http://www.forbes.com/sites/thomasbrewster/2015/03/18/evolution-market-a-scam-says-site-pr/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

CNN’s Morgan Spurlock: Living On Bitcoin

Posted on by

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Bitcoin: The People’s Money with Roger Ver and Jeffrey Tucker

Posted on by

“This is the first episode in a monthly series dedicated to Bitcoin.  We could hardly have better guests than Chief Liberty Officer of Liberty.me, Jeffrey Tucker, and Roger ‘Bitcoin Jesus’ Ver, investor in some of the most successful Bitcoin companies like Blockchain.info, BitPay, and Kraken. We will talk about Jeffrey’s latest book ‘Bit By Bit: How P2P Is Freeing the World’, businesses that Roger is involved in, their path to Bitcoin, and how it relates to the philosophy of liberty and the Austrian school of economics.”

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

‘Bitcoin Jesus’ Calls Rich to Tax-Free Tropical Paradise [2014]

Posted on by

“The ever-expanding universe of what you can buy with bitcoins includes a hotel stay in Rome, a kimono in Tokyo, and cable TV in the U.S. Ver, a pioneer investor in bitcoin startups, now says he can add citizenship to the list.  Specifically, that’s the right to live in the Federation of St. Kitts and Nevis, two sun-kissed islands a three-hour flight from Miami. St. Kitts has run an invest-and-become-a-citizen program since 1984, making it the oldest of its kind. Plunk down $400,000 for real estate and you get a passport that allows visa-free travel to 120 countries. There are no taxes on personal income or capital gains and the islands’ restrictive disclosure laws offer shelter from outside scrutiny.”

http://www.bloomberg.com/news/articles/2014-06-15/-bitcoin-jesus-calls-rich-to-tax-free-tropical-paradise

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet