Archive for the politics Category

10 July 2014 / BBC – The Global Advisors Bitcoin Investment Fund (GABI) has been certified by the Jersey Financial Services Commission to run from 1 August. Daniel Masters said Jersey’s regulatory system meant major investors, such as pension and insurance companies, could invest in Bitcoin for

09 July 2014 / Leap Rate – Switzerland, the land of traditional and extremely safe banking institutions, heralded by high net worth investors worldwide as a safe haven for untold wealth, has taken a somewhat unorthodox step toward the acceptance of virtual currencies as a means of

09 July 2014 / LA Times – You can donate to a PAC, buy a Tesla or order a Domino’s pizza using bitcoin. California just repealed a ban on such cryptocurrencies, so the question is not only “Now what?” but “What?,” period. Any currency that’s not tied

08 July 2014 / Seeking Alpha – Summary In April reports surfaced that Facebook was seeking approval from the Central Bank of Ireland to start a service to allow users to send/store money on its platform. Facebook recently hired PayPal President David Marcus to lead its Messaging

07 July 2014 / ForexMinute.com – The European Banking Authority (EBA) dropped a bomb on the cryptocurrency businesses in Europe when it asked the commercial banks to avoid using Bitcoin and other cryptocurrencies, until the industry is effectively regulated. The text particularly discourages financial institutions to purchase,

06 July 2014 / Business Tech – Bitcoin has grown from an experiment in digital cash to a vibrant, global economy supporting multi-million dollar companies with a market cap of $10 billion. “While the road has been bumpy, and quite a rollercoaster ride, it is still nascent

04 July 2014 / EuraAsiaNet – In the corner of a small pizzeria in central Bishkek, an experiment is unfolding. Central Asia’s first and only bitcoin ATM converts dollars into the world’s most popular cryptocurrency. The machine – which looks like one of the city’s ubiquitous electronic

04 July 2014 / RT – Things may be more incremental in terms of acceptance, but the bitcoin revolution continues apace. Bad regulation involves hacking babies in two before considering the consequences. Good regulation appreciates that the world changes. The last year/century was appreciably different to the

03 July 2014 / The Guardian – An independent Scotland could be the perfect testbed for whether a nation can survive using cryptocurrencies instead of fiat money, the assistant governor of Australia’s central bank has suggested. Speaking through a robot from Sydney at the Financial Times’s Camp

03 July 2014 / Mercury News – Silicon Valley venture capitalist Tim Draper confirmed Wednesday he submitted the winning bid in a government auction of nearly 30,000 bitcoins, saying the acquisition was part of a long-term global investment strategy to spread the virtual currency to developing markets.