The FinCEN action against XRP II LLC (Ripple) took many by surprise early last month, although many in the Bitcoin community were not shocked to see an organization with such close ties to a digital token face backlash for “willful violations” of the Bank Secrecy Act (BSA) and failure to implement appropriate anti-money laundering (AML) […]
New York State Department of Financial Services (NYDFS) Superintendent Benjamin Lawsky today released the final version of the BitLicense regulations, saying that his “gut feeling” was that digital currencies are here to stay. The BitLicense program to require digital currencies businesses in New York state to operate with a license and report to government has […]
NYDFS superintendent Benjamin Lawsky released details of the final Bitlicense today, following a two-year inquiry by the New York regulator.
Actor, comedian and activist Russell Brand has come out in support of Ross Ulbricht after he was sentenced to life in prison for starting the Silk Road. In a Facebook status featuring the video, Brand writes, “In a way Ross Ulbricht is the American Dream.” Brand launched his political-comedy web series, The Trews, in 2014, […]
As Bitcoin technology evolves and grows past the “early adopter” stage, more and more businesses are entering the space looking to provide the market with innovations based on Bitcoin’s block chain technology. Today, there are many businesses that are in perpetual pre-launch, like the vaunted Open Bazaar, who seems to have been on the brink […]
Bitcoin payments processor BitPay has announced that Copay, its multisig bitcoin wallet, is set to leave beta today. Copay, originally known as Cosign, aims to combat bitcoin wallet thefts by offering customisable security for businesses and individuals. Like other multisig products, a predetermined number of parties must ‘sign off’ each Copay transaction before it is broadcast to […]
The Bitcoin price chart can do impossible things and that it why we love it. Each and every Bitcoin speculator has an inner-vision of another spectacular rally, and of them holding bitcoins all the way up! While we wait for that rally, the chart makes fools of you and I. A move higher today, threatens […]
The banking commissioner is seeking legislative authority to require that companies circulating digital assets meet consumer protection, anti-money laundering and other standards. Legislation passed the state House in May and is pending in the Senate. The opponents of proposed legislation to regulate bitcoin in North Carolina have been gathering support and asking members of the […]
Last week, Silk Road founder Ross Ulbricht was sentenced to life imprisonment for operating an underground market using bitcoin for anonymous transactions. The cryptocurrency has once again been placed in a negative light, reminding financial authorities of its use in money laundering and criminal activity. Bitcoin has been struggling to shake off this association but […]
The Ecuadorean government has ordered the nation’s banks to comply with a new electronic money initiative within the next year.