New York Releases Final BitLicense
NYDFS superintendent Benjamin Lawsky released details of the final Bitlicense today, following a two-year inquiry by the New York regulator.
Russell Brand Defends Bitcoin Entrepreneur Ross Ulbricht of Silk Road
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, […]
Sia Launches Bitcoin Cloud Storage With Own Block Chain
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 […]
BitPay’s Multisig Wallet ‘Copay’ to Leave Beta Today
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 […]
Bitcoin Price Near Support Floor
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 […]
Bitcoin Supporters Oppose Proposed NC Regulation
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 […]
Can Bitcoin Still Clean Up Its Reputation?
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 […]
Ecuador Mandates Bank Participation in National E-Money Initiative
The Ecuadorean government has ordered the nation’s banks to comply with a new electronic money initiative within the next year.
Former CEO of Depository Trust & Clearing Corporation Joins Ripple Labs as Advisor
Ripple Labs, the creators and developers of the Ripple network, have appointed Donald Donahue, former CEO of The Depository Trust & Clearing Corporation (DTCC), as an adviser. The new addition to the advisory board comes amid the digital currency startup’s efforts to push adoption of the Ripple payment network onto banks and financial institutions. DTCC […]
Commonwealth Bank of Australia to Work with Ripple Labs
In an effort to stay abreast with current financial developments, the Commonwealth Bank of Australia (CBA) announced their decision to work with Ripple Labs to use digital currency internally. This will allow the institution to gain a deeper understanding on the workings of cryptocurrency. The CBA has been known to be open-minded about technological developments […]