California Rep. Supported By Banks Pushes For Federal Cryptocurrency Ban
"'We should prohibit U.S. persons from buying or mining cryptocurrencies,' the California Democrat - whose largest donor is credit card processor Allied Wallet - declared."
US Expropriates, Imprisons Bitcoin Trader For Carrying Cash in a Trader Joe’s Sack
"The most telling thing about the entrapment prosecution is the sentencing memo, which blatantly lays out the feds' fear and contempt for any attempt to keep a financial transaction private, whether or not anything inherently illegal is happening."
Vitalik Buterin on Cryptoeconomics and Markets in Everything
"At the intersection of programming, economics, cryptography, distributed systems, information theory, and math, you will find Vitalik Buterin, who has managed to synthesize insights across those fields into successful, real-world applications like Ethereum, which aims to decentralize the Internet."
College students are investing in bitcoin with financial aid money
"More than 20 percent of college students use their financial aid money to invest in cryptocurrencies, according to new findings by The Student Loan Report, a website for student loan information."
Liberty Dollar relaunches as silver-backed cryptocurrency
"The original Liberty Dollars were promoted by the issuer to be used in commercial transactions as an alternative to federal currency, including Federal Reserve notes. Liberty Dollars eventually drew the attention of federal authorities, who filed criminal counterfeiting charges against Bernard von NotHaus."
U.S. Secret Service Demands Congress Regulate Cryptocurrencies
"In a formal address to Congress, the U.S. Secret Service issued a stern warning regarding the illicit use of digital currencies that could have severe implications for possible future legislation."
Feds ran a money-laundering operation for over a year in $20M darknet sweep
"The core of the operation was an online money-laundering business seized by agents from Homeland Security Investigations and operated as a sting for over a year. By offering cash for bitcoin, HSI agents were able to identify specific drug dealers, ultimately tracing more than $20 million in drug-linked cryptocurrency transactions."
Switzerland’s ‘Crypto Valley’ Set To Test Blockchain Voting
"Residents of the Swiss city, Zug, will use the city’s eID system to vote using their smartphones this month as part of a blockchain based voting test."
SEC chief refuses to adapt securities laws to cater to cryptocurrencies
"'We are not going to do any violence to the traditional definition of a security that has worked for a long time,' U.S. Securities and Exchange Commission Chairman Jay Clayton told CNBC Wednesday."
California Senate Passes Bill to Create Banking Alternative for Cannabis Industry, Bypass Federal Reserve
SACRAMENTO, Calif. (June 6, 2018) – Last week, the California Senate passed a bill that would establish limited state-chartered banks to serve the cannabis industry. Final passage of this legislation would remove a major federal roadblock in front of the developing marijuana industry in the state and further nullify federal prohibition of cannabis. Sen. Bob…