Monthly Archives: October 2013

Bitcoin billionaires

&"Since graduating in mechanical engineering this June, Sanket Shah hasn't bothered hunting for a job. But that hasn't thrown a spanner in his lifestyle. The secret to Sanket's self-sustenance lies in Bitcoins. The Reserve Bank of India has not yet formulated regulations to govern trading or profits generated from Bitcoins. An RBI spokesperson told Mirror over email that the RBI doesn't consider Bitcoin legal tender and, therefore 'trading in Bitcoin is not legal. Obviously, there cannot be regulations from RBI for an illegal activity. People who use it, do so at their own risk and responsibility.'" Continue reading →

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Credit card firm cuts off nation’s No. 1 gun store — for selling guns

"A subsidiary of Visa, a key Obama campaign donor, that specializes in credit card transactions has abruptly stopped servicing the nation’s largest gun store after four years because the store sells guns, a fact the owners never hid. Hyatt Gun Shop of Charlotte, N.C., told Secrets that the subsidiary, Authorize.net/CyberSource, simply sent an email to owner Larry Hyatt to announce that it was suddenly breaking off the business relationship. The reason: 'The sale of firearms or any similar product.' The brushoff of Hyatt's business has sparked a national boycott effort against Authorize.net and parent company CyberSource." Continue reading →

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