Federal judge: Bitcoin, “a currency,” can be regulated under American law

"In the case of a Texas man accused of massive Bitcoin-based fraud, a federal judge has ruled that bitcoins are 'a currency or form of money,' and are therefore subject to relevant US laws. The case revolves around Bitcoin Savings and Trust (BTCST), a virtual Bitcoin-based hedge fund that many suspected of being a scam. BTCST shut down in August 2012, and the Securities and Exchange Commission (SEC) last month formally charged founder Trendon Shavers with running a Ponzi scheme." Continue reading

Continue ReadingFederal judge: Bitcoin, “a currency,” can be regulated under American law

Creepy: The State of California Pokes My Cell Phone

"Some cellphones received only a text message, others buzzed and beeped. Some people got more than one alert. It’s the Wireless Emergency Alert program, a cellphone version of the Emergency Alert System on your television. Cellphone owners receive messages automatically, based on their proximity to the emergency, not based on their phone number. 'If you’re from Texas and that’s where your phone number is based and you’re traveling in California at the time of the Amber Alert, you’ll receive the text message about the Amber Alert in California on your Texas-based phone,' said CHP spokeswoman Fran Clader." Continue reading

Continue ReadingCreepy: The State of California Pokes My Cell Phone

Feds Visited Michael Hastings’ House Day Before His Death: Close Friend

"Rolling Stone journalist Michael Hastings, who was killed in a suspicious car crash after complaining that he was being harassed by the FBI, had his home visited by agents from an unnamed federal agency the day before his death, a close friend of Hastings told Infowars. The fact that feds visited the home of the controversial journalist almost immediately prior to his untimely death is yet another facet to a story which has thrown up numerous questions about the circumstances surrounding the car crash that killed Hastings in the Hancock Park neighborhood of Los Angeles on June 18." Continue reading

Continue ReadingFeds Visited Michael Hastings’ House Day Before His Death: Close Friend

8 Cities Where 911 Systems Recently Failed

"A watchdog agency has launched an official investigation into the system, which cost $88 million and has only been operational since May. In July, the New York Post reported that the system had crashed at least nine times in a single week. It's also drawn blame for leaving a crash victim unaided on a highway for almost two hours, and marooning a paramedic with a dead body. Made by a company called Intergraph Government Solutions—whose board is well stocked with former security officials from the George W. Bush administration—the software will soon be coming to Boston, which plans to spend $15 million on its contract." Continue reading

Continue Reading8 Cities Where 911 Systems Recently Failed

California governor Jerry Brown intervenes to delay threatened BART strike

"Brown’s letter said he took the action 'because the strike will significantly disrupt public transportation services and will endanger the public’s health, safety, and welfare.' San Francisco area residents had been bracing for a strike even as 11th-hour talks continued, with some sleeping at friends’ and relatives’ homes to be closer to jobs and making alternative travel arrangements. The unions gave a 72-hour notice on Thursday night of a possible strike by 2,400 workers on a rail system that carries 400,000 passengers a day and serves as a critical link in the San Francisco area’s transportation system." Continue reading

Continue ReadingCalifornia governor Jerry Brown intervenes to delay threatened BART strike

Bitcoin activists propose hard fork to keep it anonymous and regulation-free

"The authors are particularly concerned about the Bitcoin Payment Messages system scheduled for release along with version 0.9 of the cryptocurrency. That mechanism would allow merchants to request payment from customers, rather than simply providing them with an address to send payments to. Payments would be completed using digital certificates owned by the merchants, and would contain customer and merchant metadata linked to specific transactions. [The paper] worries that Bitcoin Payment Messages will make it possible – and therefore mandatory – to issue receipts, playing further into the hands of the regulators." Continue reading

Continue ReadingBitcoin activists propose hard fork to keep it anonymous and regulation-free

Chicago Firearms Confiscation Begins

"There’s a good reason that law abiding gun owners don’t want their names on a national gun registry — namely, registration leads to confiscation. Gun control advocates immediately spout that “no one wants to take your guns” and other assorted platitudes. In Illinois, gun owners are required to get a Firearms Owners ID card, or FOID. Cook County police officers have become increasingly worried that when someone’s FOID card is revoked, their guns aren’t instantly confiscated. So they’re doing exactly what gun control advocates have said that registration would never result in — door to door confiscation." Continue reading

Continue ReadingChicago Firearms Confiscation Begins

FDA finally releases draft of new food import safety rules

"Importers would be accountable for verifying with their foreign suppliers that certain food safety standards are being met. Under current conditions, U.S. food safety inspectors examine food coming into the country but are able to inspect only a small percentage for potential problems. Importers have a market interest in ensuring the safety of the food they bring in, but currently are not required to mandate that their suppliers meet certain standards. Under the new rules, importers would be required to maintain records verifying that their foreign suppliers have met standards for the production of the food coming into the country. Importers would undergo audits." Continue reading

Continue ReadingFDA finally releases draft of new food import safety rules

Church of England declares war on payday loans firm

"Church of England leader Justin Welby has told a company offering short-term high-interest loans that the church wants to 'compete' it out of existence by promoting not-for-profit credit unions. Welby, who came into office in February, has launched a campaign to expand credit unions as an alternative to payday lending that he hopes will boost competition in the banking sector. Members of credit unions pool their savings in order to provide each other with low-interest credit and other financial services. The British government announced in April that it was investing £38 million in credit unions to help them provide an alternative to payday lenders." Continue reading

Continue ReadingChurch of England declares war on payday loans firm

Man facing criminal charges for swimming across river from Canada to U.S.

"Around 11:30 p.m. Monday night, a neighbor called police saying that she had lost sight of Morillo in the river. Morillo came ashore in the U.S. at Detroit’s Renaissance Park, turned around and started home. It was then that he saw the rescue boats and helicopter. 'As soon I saw the helicopters going by and the boats looking for me, I was like ‘Oh, this is really stupid,’' Morillo told the Star. The Canadian Coast Guard picked up Morillo on the Ontario side of the river. He was arrested and charged with public intoxication and swimming in a shipping channel, which carries fines from $5,000 to $25,000. The Canadian Harbor Authority is inspecting the incident." Continue reading

Continue ReadingMan facing criminal charges for swimming across river from Canada to U.S.