Tag Archives: Bitcoin

Congressman Calls To Ban U.S. Dollar After Senator’s Bitcoin Ban Idea

Posted on by

“Congressman Jared Polis is calling on the Treasury to ban physical dollars in response to Senator Manchin’s plea to ban Bitcoin. ‘The exchange of dollar bills, including high denomination bills, is currently unregulated and has allowed users to participate in illicit activity, while also being highly subject to forgery, theft, and loss,’ wrote Polis in a  statement.  To be sure, the Congressman is being cheeky. ‘This is just a satirical version of Senator Manchin’s letter, meant to draw attention to the fact that BitCoins are not any more susceptible to the problems that the Senator points out than dollars,’ said Spokesperson Scott Overland.”

http://techcrunch.com/2014/03/05/congressman-calls-to-ban-u-s-dollar-in-response-to-bitcoin-ban/

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

Arrested Bitcoin Mogul Charlie Shrem Defiant In First Public Appearance

Posted on by

“In his speech, he compared Bitcoin to the printing press, arguing that just as governments and the Church opposed the democratizing effects of the first widely available books, financial and banking incumbents see the potential for Bitcoin to disassemble their control of the economy.  ‘This is something completely new in the history of human communication and Bitcoin is one of the largest socio-economic experiments human kind has ever seen,’ Shrem said.  Shrem’s rhetoric represents a marked change from his earlier approach to Bitcoin’s relationship with the government. He had been a vocal member of the Bitcoin Foundation, which took a lobbying approach.”

http://www.forbes.com/sites/andygreenberg/2014/03/05/indicted-bitcoin-mogul-charlie-shrem-defiant-in-first-public-appearance-since-arrest/

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

Inside America’s First Bitcoin-Friendly Gun Store

Posted on by

“Bitcoin has long been the currency of choice for the dark web’sanonymous black market trade in firearms. Now Michael Cargill wants to offer Bitcoin fans a more legal way to buy a deadly weapon with cryptocurrency.  In January, Cargill’s Austin firearm shop and training center Central Texas Gunworks began accepting Bitcoin as an alternative to dollars for all sales, making his store the first legal Bitcoin-friendly firearm retail business in the country, if not the world. He also sells guns for Bitcoin online, opening up his business to bitcoiners around the country. And he’s even installed a Bitcoin ATM in the store’s front room that allows anyone to instantly trade dollars for Bitcoin or vice versa.”

http://www.forbes.com/sites/andygreenberg/2014/03/09/inside-americas-first-bitcoin-friendly-gun-store-video/

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

U.S. swaps watchdog considering bitcoin regulation

Posted on by

“The U.S. derivatives regulator is studying whether it should regulate electronic currencies such as bitcoin, its chief said on Tuesday, as regulators across the globe start taking the emerging technology more seriously.  ‘We are looking into that,’ Mark Wetjen, acting chairman of the Commodity Futures Trading Commission, told journalists after giving a speech at an industry conference. ‘It’s been initiated, there’s been an internal discussion at the staff level.’  Wetjen said the CFTC, which regulates swaps and futures, has broad authority to counter manipulation of commodity markets, and it is studying whether bitcoin falls under those rules.”

http://in.reuters.com/article/2014/03/11/bitcoin-regulation-idINDEEA2A0FL20140311

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

Judge Freezes U.S. Assets of Mt. Gox CEO, Related Companies

Posted on by

“U.S. District Judge Gary Feinerman placed a temporary restraining order on the assets of Mt. Gox CEO Mark Karpelès, along with a related U.S. company and the Japanese company that operates the bitcoin exchange. The Japanese parent company that runs the exchange was shielded from the order because of ongoing bankruptcy proceedings.  The ruling came as part of a lawsuit filed on behalf of bitcoin customers who were unable to withdraw their bitcoins and cash from Mt. Gox as it teetered. The lawsuit is seeking class-action status.  In court, lawyers for exchange customers alleged Mr. Karpelès has been siphoning money from the exchange.”

http://online.wsj.com/news/articles/SB10001424052702304020104579433282831905574

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

New York Now Accepting Applications for Digital Currency Exchanges

Posted on by

“New York’s Superintendent of Financial Services, Benjamin M. Lawsky, has issued a public order that confirms the state is now accepting applications for digital currency exchanges.  Lawsky indicated that these businesses will be regulated under new New York regulation, which he committed to having in place by the end of the second quarter of 2014.  In his remarks, Lawsky struck his usual balance of at once recognizing the promise of digital currencies and stressing that related business activities need to be conducted in a responsible and lawful manner.  Approved applications will need to adhere to the regulatory framework New York plans to introduce later this year.”

http://www.coindesk.com/new-york-accepting-applications-digital-currency-exchanges/

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

Texas Tells Company to Stop Investments Using Bitcoin

Posted on by

“Texas regulators ordered an energy company to stop accepting Bitcoin for investments in oil and natural-gas wells, the first action of its kind by a state securities commissioner. Balanced Energy LLC, in the Dallas suburb of Southlake, was directed to stop selling unregistered securities using the digital currency, Texas Securities Commissioner John Morgan said yesterday in a statement.  The order reflects concern that investors using Bitcoin might not get their money back, said Bob Webster, a spokesman for the Washington-based North American Securities Administrators Association. Webster described the order as the first of its kind.”

http://www.bloomberg.com/news/2014-03-11/texas-company-told-to-stop-taking-bitcoin-in-first-state-order.html

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

Bit of Headache for Paris, Bitcoin Regulation Added to EU Agenda

Posted on by

“On 04 March 2014, Pierre Moscovici urged EU member states to begin talks regarding the regulation of virtual currencies.  As it currently stands, bitcoin is  considered ‘neither a legal currency, nor a means of payment …[and]…  does not fall directly within the scope of supervision and surveillance of competent authorities in payment issues’, according to the Bank of France. The same can be said for the European Central Bank, who mirror these findings and also added that virtual currencies.  Where  publications choose to highlight negative issues, without giving fair exposure to the positive issues, it is no surprise to see the concerned authorities call for regulatory measures.”

https://coinreport.net/analysis-bitcoin-regulation-eu-agenda/

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

Tech Millionaire Brings Bitcoin to Australian Stock Exchange

Posted on by

“The company points out that digitalBTC already has established mining revenuesand ties with key hardware partners. It also has a trading desk backed by management experienced in physical commodities trading and is headed by Zhenya Tsvetnenko, a wealthy Perth-based tech entrepreneur.  The money raised will go towards expanding bitcoin mining and trading activities, as well as development of retail-oriented mobile applications.  Tsvetnenko has a background in tech and one of his earlier projects was a micro-transaction platform integrated with Google ads and mobile apps. He believes he can change the way many users approach payments and transfers.”

http://www.coindesk.com/tech-millionaire-zhenya-tsventenko-brings-bitcoin-australian-stock-exchange/

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

Xapo Raises $20 Million To Bury Your Bitcoin Underground

Posted on by

“The company, founded by Wences Casares, raised $20 million from Benchmark Capital and Fortress Investment Group LLC, among others, and has been in stealth mode for two years managing bitcoins for large institutional clients – think investment banks and financial firms. Now they’re opening their service up to consumers.  ‘If you have one or a couple rogue employees there’s not anything they can do to take the coins out of our vault,’ said Wences. ‘The coins that are in the vault are on servers that are never online — have never been online.’  The private keys are under armed guard and behind layers of physical security in deep storage spaces around the world.”

http://techcrunch.com/2014/03/13/xapo-raises-20-million-to-bury-your-bitcoin-underground/

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