Archive for the politics Category

The Rejection Of Saddam Hussein’s Dinars Can Explain An Interesting Aspect Of Bitcoin

The Rejection Of Saddam Hussein's Dinars Can Explain An Interesting Aspect Of Bitcoin

17 Jan 2014 / Business Insider – Bitcoin and the digital currency craze appears to be gaining more and more traction.   But we have to ask ourselves why this is occurring?  After all, Bitcoin isn’t backed by men with guns, the government’s ability to tax, the banking

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Feds ready to auction off $25 million in Silk Road Bitcoin

Feds ready to auction off $25 million in Silk Road Bitcoin

17 Jan 2014 / ARS Technica – In a press release on Thursday, the US Attorney’s office for the Southern District of New York announced the forfeiture of 29,655 bitcoins that were seized from a Silk Road server during a raid in October. At current exchange rates,

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The Feds Are Ready To Sell $25 Million of Bitcoin Seized From The Silk Road

The Feds Are Ready To Sell $25 Million of Bitcoin Seized From The Silk Road

16 Jan 2014 / Forbes – One of the bigger wallets on the Bitcoin blockchain is going to be emptied in the near future. Back in October, when the feds took down the online drug bazaar Silk Road, they seized the nearly 30,000 bitcoins in its coffers.

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Senator Seeks Clarity on Commodity Agency’s Bitcoin Plans

Senator Seeks Clarity on Commodity Agency’s Bitcoin Plans

16 Jan 2014 / Bloomberg – U.S. Senator Tom Carper today called on the Commodity Futures Trading Commission to clarify if or how it would regulate the emerging virtual currency business. “Given that we read about a new venture in the digital currency space nearly every day,

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Bitcoin goes mainstream: Digital currency now accepted at major retailers

Bitcoin goes mainstream: Digital currency now accepted at major retailers

16 Jan 2014 / Christian Science Monitor – Bitcoin, the digital currency, has been gaining traction among the tech crowd since 2009 and has blown up over the past year. Now, major retailers and even lemonade stands are starting to embrace Bitcoin. Until recently, Bitcoin wasn’t a

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Who Will Tax Bitcoin And How?

Who Will Tax Bitcoin And How?

16 Jan 2014 / Forbes – Will 2014 be the year we trade in our credit cards and abandon our wallets in favor of virtual currencies? If you follow the recent hype surrounding bitcoin, the trendiest of the new crop of digital currencies, you could be swayed

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Bitcoin Breaks Out, You Can Now Pay The IRS In Cryptocurrency

Bitcoin Breaks Out, You Can Now Pay The IRS In Cryptocurrency

15 Jan 2014 / Forbes – As bitcoin moves away from being known only to the tech cognoscenti and becomes a real viable currency that is adopted broadly, more organizations arise that look to leverage all this attention and add something of value to bitcoin holders. SnapCard

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Wells Fargo organizes meet to discuss Bitcoin rules: FT

Wells Fargo organizes meet to discuss Bitcoin rules: FT

15 Jan 2014 / Reuters – Wells Fargo & Co has called finance executives, virtual currency experts and U.S. government representatives to discuss “rules of engagement” with Bitcoin amid concern about the money laundering risk of the currency, the Financial Times reported. The meeting, scheduled for Tuesday

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Indian Bitcoin operators resume operations cautiously

Indian Bitcoin operators resume operations cautiously

15 Jan 2014 / The Hindu – After suspending their operations for a few weeks amid growing regulatory glare, many bitcoin operators have cautiously resumed courting business from their clients and some new players have also come to fore in India. The Reserve Bank last month had

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In Bitcoin I trust

In Bitcoin I trust

15 Jan 2014 / Fox News – The big online retailer Overstock.com now accepts payment in Bitcoin. That’s good news for lovers of liberty because Bitcoins give us an alternative to government-controlled money. Bitcoins are a currency created by anonymous, private tech nerds, not by government. Governments

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