Bitcoin in Vancouver on Global TV
"Bitcoin on the 6 o'clock news. Unfortunately we weren't mentioned in the segment but Vancouver has Canada's only physical Bitcoin exchange - www.bitcoiniacs.com " Continue reading →
Bitcoin ATM Machines Receive Full Funding Hours After Campaign Launches
"Startup Lamassu Bitcoin Ventures has managed to fund its initial production run of 15 Bitcoin ATM units just hours after pre-orders were announced. The company’s new Bitcoin ATMs promise to take your cold hard cash and instantly added your money to a bitcoin wallet. The new ATM machines were paid for mostly with the use of Bitcoins. Based on the cost of each machine the company has raised $60,000-$75,000 in sales revenue after only a few short hours. While Bitcoin value has drastically increased over the last year the company is hoping to introduce the digital currency to “non-geeks” who may find entry into the payment a bit confusing." Continue reading →
Square Fined $507K In Florida For Operating Without A Money Transmitter License
"A little more state-specific financial regulatory hot water for Square, the hot mobile commerce startup: it has been fined $507,000 by Florida’s Office of Financial Regulation for operating a payment service without a money transmission license. This looks like the second time that a U.S. state financial regulator has gone after the company, after Square was served with a cease and desist order in Illinois in March 2013, also for failing to obtain a license before opening up for operations. According to the Florida payment order (embedded below), the $507,000 fine covers over two years of operation, from February 2010 to November 2012." Continue reading →
German Finance Ministry recognizes bitcoin as currency
"Key aspects of the bitcoin, a popular online currency, have been recognized for legal and tax purposes by Germany, newspapers reported Saturday. The recognition, which was laid out in a Finance Ministry response to a query from a member of parliament, means Germany recognizes the online currency as a 'currency unit' and 'private money,' reported the Frankfurter Allgemeine Zeitung and the Neue Osnabruecker Zeitung. Bitcoins have been a popular form of payment among netizens since 2009 although economists question their viability because they are backed by neither a government nor a central bank." Continue reading →
Subpoenaed CEO: You’ll use Bitcoin without even knowing it
"The founder of Coinsetter, one of the 22 companies subpoenaed on Monday as part of an effort to regulate Bitcoin and other cryptocurrencies, isn’t concerned about the future of his industry. Not in the least bit. 'In the future, most people will use Bitcoin without even knowing it,' Jaron Lukasiewicz, cofounder and CEO of Coinsetter, a foreign exchange trading platform for Bitcoin, wrote in an email to me. 'Bank transfers will take place over the Bitcoin network, making transfers quick and inexpensive for both banks and consumers.' The New York City-based Coinsetter raised $500,000 from Tribeca Vebture Partners this April." Continue reading →
Bitcoin vs Gold: Getting the Most Bang For Your Buck
"There's a new Bitcoin sheriff in town. It's called the Digital Asset Transfer Authority -- or DATA. And it's not just limited to Bitcoins, it will self-govern most of the actors in the digital currency space, including Ripple. Again, this is on a purely voluntary basis. With regulators increasingly cracking down on various crypto-currencies, DATA is attempting to get ahead of the game -- and craft best practices to interact with regulators. Bob talks with Trace Mayer, entrepreneur, and Andreas Antonopoulos, internet security expert, and asks if the new regulatory authority, DATA, goes against the original purpose of Bitcoins -- namely anonymity." Continue reading →
Jeffrey Tucker: How Bitcoin is Reinventing The Monetary System
"'We're talking about reinventing the world's monetary system...from the ground up,' says Jeffrey Tucker, executive editor of Laissez Faire Books, and an enthusiastic proponent of the open source peer-to-peer currency system Bitcoin. After participating in a panel discussion on Bitcoin at Freedom Fest, Tucker sat down with Reason Magazine's Matt Welch to explain why he believes Bitcoin is an example of a new enterprise that can help create 'a new world of liberty, despite the existence of the leviathan state.'" Continue reading →
Bitcoin Boom? US fears digital currency may hit dollar demand
"The US is becoming increasingly concerned over virtual currencies, launching broad investigations into Bitcoin and the likes. The online currency has won official recognition with a US federal judge ruling it is real money. A Texas man, being tried for laundering billions of dollars using the Bitcoin system, challenged the court by saying bitcoins were virtual and couldn't be the basis for a fraud charge. He failed. RT's Peter Oliver went to meet those who have no doubt bitcoin has real value." Continue reading →
Geithner’s Ghost Writer Says He Would Cheer Drone Attack on Julian Assange
"TIME Magazine senior national correspondent, Mike Grunwald, who is also ghost writing former Treasury Secretary Tim Geithner's book, put this tweet out on Saturday. He has since deleted the tweet." Continue reading →
Justin Raimondo: Data-gate Shows We’re On the Cusp
"The 'architecture of oppression,' as Snowden deemed it, has successfully built itself into our lives because it takes on the appearance of a defensive measure, a military tactic deployed against a foreign enemy. Yet this administration is rapidly dropping even that pretense, and their partisan hounds are baying 'What have you got to hide?' What we are faced with is the astonishing sight of an administration often hailed as among the most 'liberal' in our history making the case for government secrecy and surveillance on an unprecedented scale." Continue reading →
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