Interview With Gavin Andresen Of Bitcoin Foundation
"Chief scientist at the Bitcoin Foundation, Gavin Andresen is today's guest." Continue reading →
Prohibition Caused the Greatness of Gatsby
"Gatsby comes from a dirt-poor family and is a big dreamer, as well as a big risk taker. He keeps his past shrouded in a web of lies and half-truths as he sets out to remake himself into a person of wealth and prominence. This is the ideal personality for making it big in black markets. The mysterious Jay Gatsby indeed does become 'filthy' rich by selling illegal booze. During Prohibition doctors could prescribe 'medicinal liquor' for their patients for literally dozens of ailments, including alcoholism. Gatsby sees this as an opportunity and establishes a chain of drugstores with the help of organized crime and corrupt politicians." Continue reading →
Oklahoma ABLE Commission agents bust south Tulsa brewpub for making too-strong beer
"The Oklahoma ABLE Commission cracked down on a south Tulsa brewery Tuesday afternoon. Agents say Pi Pizzeria and Craft Beer House is only licensed to make and sell low-point beer, but some customers complained it's too strong. 'Through the sampling process, we sent those samples to the lab and did determine they were making an alcoholic beverage, not low-point beer,' said Erik Smoot, ABLE Commission agent. The agents seized everything Pi used to make and brew its product. They say the manager is being charged with making and selling strong beer without a license." Continue reading →
Hey Ron Paul: Bitcoins really do fit in your pocket! May I explain?
"A concise explanation of what Bitcoin is, in terms of everyday items like rocks and real estate. I am Mike Caldwell, the creator of Casascius Coins, the most widely known functional physical Bitcoin collectible in the hands of Bitcoin enthusiasts. Today, my coins are appearing in the press regularly. Casascius Coins were created as an educational pursuit to bring Bitcoins from minds like mine into minds like yours. This is a short video I recorded as a response to Ron Paul's saying he is uncomfortable with Bitcoin since he can't put it in his pocket. As the person responsible for more Bitcoins put in more pockets than anybody else, I think a reply from me is warranted." Continue reading →
Peter Thiel & Founders Fund lead $2m funding round in BitPay
"Apart from ex-PayPal boss Peter Thiel, the fund’s advisers include Napster founder and Facebook adviser Sean Parker along with ex-Google and SpaceX staff. The company was started in May 2011 by two graduates from Georgia Tech. Their aim is to make taking bitcoin payments as easy as credit card transactions for businesses. It takes a set fee of 0.99 per cent on automated transactions. BitPay claimed 1,900 new merchants signed up in April and it continues to sign up over 100 new customers every day. It is currently processing around $5m of Bitcoin transactions per month." Continue reading →
New Zealand Supreme Court to hear Kim Dotcom extradition appeal
"The Court of Appeal in March had overturned a decision ordering US prosecutors to hand over the evidence to Dotcom’s legal team as they seek to extradite him to face online piracy charges. The appeal court ruled that a summary of the case would suffice. Dotcom’s lawyers have sought to reinstate the original decision, arguing they could not effectively fight the extradition battle without full disclosure of the evidence against their client. The US Justice Department and FBI want Dotcom to face charges of racketeering, fraud, money-laundering and copyright theft in a US court, which could see him jailed for up to 20 years if convicted." Continue reading →
The Feds Are Cracking Down On Mt. Gox (Not On Bitcoin)
"It’s important to note here that Homeland Security is not cracking down on Bitcoin itself, just on how it’s being exchanged by Mt. Gox. This is actually good news for Mt. Gox’s US-based competitors, such as Seattle-based CoinLab and San Francisco-based Coinbase, Bitcoin exchanges that have registered with the Treasury Department as money transmitters and thus are in the legal clear to conduct Bitcoin $ exchanges. Mt. Gox’s legal troubles don’t seem to be affecting the value of Bitcoin, which has been hovering in the $115 range for the last week." Continue reading →
Mt. Gox Funds at Wells Fargo Have Been Seized
"Not only have Mt Gox funds been seized from the Dwolla account, but according to the warrant issued for that seizure, a separate seizure warrant was issued to allow Homeland Security to seize the funds in the Mt Gox account held in the name Mutum Sigillum at Wells Fargo. It appears that Mt Gox has been shutdown for all practical purposes in the United States." Continue reading →
Feds reveal the search warrant used to seize Mt. Gox account
"In the warrant, a special agent with Homeland Security Investigations (HSI), states that there's probable cause to believe Mt. Gox is engaging in 'money transmitting' without a license, a crime punishable by a fine or up to five years in prison. The warrant goes on to demand that Dwolla hand over the keys to account number 812-649-1010, which is owned by Mt. Gox subsidiary Mutum Sigillum LLC, and held in the custody of Veridian Credit Union. The funds in that account 'are those of Mt. Gox customers that withdraw said funds from Mt. Gox and direct their transfer to Dwolla.'" Continue reading →
Amazon Launches Its Own Virtual Currency Called Coins
"Amazon has launched its own currency called Amazon Coins, MailOnline reports. It's currently only available for US Kindle Fire owners, but the Coins can be used to pay for games, apps and in-app purchases from the Amazon Appstore. One Amazon Coin is worth one penny, and Kindle Fire owners are getting 500 Coins ($5) for free as part of the launch. The Coins will also be able to be used on the company's retail site when they become more widely available. Amazon Coins can be bought in batches of 1000, 2500, 5000 and 10,000. The more you buy, the bigger the discount and 10,000 Coins costs $90, for example." Continue reading →
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