Initial Coin Offerings (ICOs) – Weekly Overview
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BybtxadmIn the excitement about the U.S. Marshal Service’s auction of millions of dollars in bitcoin seized from the Silk Road, the situation of its alleged mastermind has gained less attention. Ross Ulbricht, the man the FBI claims ran the Tor-obscured website under the name “Dread Pirate Roberts,” has been awaiting trial since his arrest in…
London bar launches Britain's first Bitcoin ATM
BybtxadmUntil today, if you wanted to Bitcoin in the U.K., you had to do it the old-fashioned way: Mining it, connecting your bank account to an exchange, or buying it directly from another Bitcoiner. With the activation of a new Lammasu-made Bitcoin ATM at London’s trendy Old Shoreditch Station cafe and bar. Operated by Bitcoin…
Judge says bitcoin "clearly qualifies as money" in case against accused money launderer Robert Faiella
BybtxadmIn January, Federal prosecutors charged Robert Faiella and Charlie Shrem with a scheme to launder more than $1 million in drug money through now-shuttered online black marketplace Silk Road. A significant portion of case hinges on the idea that Faiella and Shrem were operating an unlicensed money-transmitting business, even though that transmission largely took place…
Western Union CEO weighs in on virtual currencies
BybtxadmIn the first of a three-part series on CNN’s Fortune blog, Western Union CEO Hikmet Ersek discusses virtual currency from his company’s point of view. Given that bitcoin and other virtual currencies are often presented as extraordinarily disruptive technologies for the traditionally stable money-transfer business, it’s only natural for the hardly technophobic Ersek to weigh…
We can forget about Satoshi Nakamoto ?
BybtxadmCraig Steven Wright went public with the claim that he was the mysterious Satoshi Nakamoto, the pseudonymous creator of bitcoin. His admission follows years of speculation about who came up with the original ideas underlying the digital cash system. Mr Wright has provided technical proof to back up his claim using coins known to be…
Report: CoinLab drops Mt.Gox bankruptcy filing objection
BybtxadmLast month, Seattle-based bitcoin services company CoinLab filed an objection to a plan that begin the rehabilitation of shuttered Tokyo-based exchange Mt.Gox. Late last week, however, CoinLab announced that it was withdrawing its objection and is now supporting the Chapter 15 bankruptcy filing. The Wall Street Journal reports that while CoinLab does not change the…