Archive For The “Digital Coins EN” Category

Independence Bancshares Studying Virtual Currencies

By |

Independence Bancshares – a publicly traded (albeit thinly on the OTC:QX), FDIC-insured, community-based bank in Greenville, South Carolina – seemed poised to become the first bank in the United States to embrace Bitcoin payments, according to three patents published by the United States Patent and Trademark Office. However, after speaking with Chief Executive Officer Gordon…

Read more »

United States to Monitor Canadian Border for Illicit Drug-Related Bitcoin Transactions

By |

Recent publications by the US federal government indicate that Bitcoin will likely be used in illicit cross-border transactions, and that the Office of National Drug Control Policy (ONDCP) is ramping up efforts to detect and interdict bitcoin transactions. There is a special focus on Canada and the United States. As part of next year’s budget,…

Read more »

DEA Seizes Bitcoin: Seizure Points to Earlier Mistaken Identity

By |

The Drug Enforcement Administration (DEA) appears to be involved in a case of mistaken identity over last year’s seizure of 11.02 BTC. The DEA just issued a new seizure notice for the same wallet address, this time for 17.24 BTC. Interestingly, the new seizure notice lists the owner of this address as „unidentified,“ while the…

Read more »

International Monetary Fund Asserts Bitcoin Not a Currency in Draft Report

By |

The International Monetary Fund (IMF) is currently drafting a „Monetary and Financial Statistics Manual & Compilation.“ The document has a „Draft“ watermark and a meta-data creation date of June 26, 2014. Chapter four of the manual is entitled „Classification of Financial Assets and Liabilities“ (PDF) which includes in part classifications of „Monetary Gold and SDRs“…

Read more »

Banks Issue Bitcoin Report: Bitcoin Community Absent

By |

Recently I took out Twitter to note my surprise that only a handful of folks have bothered to watch the „Conference of State Bank Supervisors Public Hearing on Virtual Currencies“ on YouTube. The conference was part of a „CSBS Emerging Payments Task Force Public Hearing on May 16, 2014.“ It took place a week after…

Read more »

eBay and Microsoft Eye User-Created-Value Platforms Similar to LTB

By |

On July 9, 2014, EcommerceBytes reported that eBay is considering „Compensating Users to Post on the eBay Boards.“ This was revealed when eBay held a „Weekly Chat with the eBay Community Team“ on July 2: „This week, the eBay Community team wants to hear your ideas about rewards & recognition for Community participation.“ EcommerceBytes noted…

Read more »

SecretBitcoinProject.com goes Stellar! But… why?

By |

No I’m not referring to the Incubussong, although I like where your head is. Rather, Jed McCaleb’s new project (formerly secretbitcoinproject.com) has finally come to fruition. Today users who signed up to be alpha testers received an email which introduced the new project:„Stellar“. Before we begin, I would like to caution you that this article…

Read more »

Bitcoin Scholars to Compete for 15,000 Euro SWIFT Grant

By |

The SWIFT Institute which is funded by SWIFT (Society for Worldwide Interbank Financial Telecommunication), „The global provider of secure financial messaging services“ recently posted a Call for Proposals: „Virtual Currencies: What are the ‚real‘ risks?:“. „The SWIFT Institute invites proposals for research on the recent developments in virtual (including digital and crypto currencies) currency schemes…

Read more »

Congressional Research Service Quietly Revises Bitcoin Report

By |

Last week, the Congressional Research Service updated theirBitcoin: Questions, Answers, and Analysis of Legal Issues document to reflect current events.The document serves as an introduction to Bitcoin and aims to informmembers of Congress with sufficient detail to legislate the topic.This includes Bitcoin’s technical design, benefits and drawbacks, market penetration and current usage, and current and…

Read more »

Lawsky Aims a BitLicense Missile at Bitcoin

By |

Enter Benjamin Lawsky, reaching out to the Bitcoin community and declaring himself a man of the people. I suggest otherwise: at best, he is a politician, at worst, a wolf in sheep’s clothing. Bitcoin is Lawsky’s dream ticket to acceptance by the banking elite. The division between public office and private wealth is blurry in…

Read more »