A California venture capitalist announced Wednesday he won the US government auction of bitcoins, and plans to use them to help emerging economies that are “hamstrung by weak currencies.” The terms of the winning bid were not announced, but the 29,000 bitcoins seized by the FBI in its investigation of dark Web bazaar Silk Road […]
A new report (Disruptive Technology: Bitcoins, Currency Reinvented?) recently issued by Kuwait-based investment banking and asset management firm Kuwait Financial Centre, also known as Markaz, even goes a step further: Oil producing countries, particularly in the GCC, could benefit if they would use bitcoin in oil trading, Markaz’ research department argues. This comes a bit […]
Swarm, a digital currency startup focused on bringing decentralized crowdfunding to the masses, has raised a little over 450 Bitcoins for themselves in the past two weeks after posting their initial announcement to Follow The Coin. Swarm, founded by Joel Dietz, and Harvard and Brown grads, as well as ex Microsoft , LinkedIn, and NWA […]
Anthony Veltri, the coordinator of the Corvallis bitcoin enthusiasts, began mining bitcoin out of curiosity. Although he no longer mines, he has gained significant knowledge on how the system operates. “You can be 100% responsible and have full control of your assets with no third-party involvement,” he said. Veltri believes even if people don’t intend […]
Even though Bitcoin merchant processor BitPay is not required to maintain an anti-money laundering (AML) program, the startup maintains one and is beefing it up with the hiring of former Visa executive Tim Byun. As BitPay’s new chief compliance officer, Byun’s challenges will not be much different from what he faced while working at Visa, […]
FOR SALE 29,656.51306529 bitcoins Frequently Asked Questions (Updated 06/19/14) THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL BUT INVITES INTERESTED PARTIES TO SUBMIT A BID FOR PURCHASE. THE FOLLOWING INFORMATION IS BEING PROVIDED WITHOUT RECOURSE TO THE UNITED STATES OF AMERICA OR THE UNITED STATES MARSHALS SERVICE. THIS AUCTION IS FOR THE BITCOINS […]
The list of interested parties, which also includes Luther Lowe, the director of public policy for Yelp, may not be complete. Notably absent is Pantera Bitcoin, the new virtual currency fund that has backing from investors including the investment firm Fortress Investment Group. Pantera is participating in the auction, according to Dan Morehead, who founded […]
The IRS announced Wednesday that it was trying to make it easier for taxpayers to come clean about offshore accounts. The tax agency said it was making changes to two key programs — one intended for taxpayers that willfully sought to evade tax laws, and another for those that avoided taxes despite trying to comply […]
Daniel Folkinshteyn, Assistant Professor in the Department of Accounting & Finance at the Rohrer College of Business is on the list of bitcoin bidders for the US Marshall auction slated to begin next week. His fascinating education includes a B.A. in Molecular Biology from Yale University and an M.B.A./M.S., Finance, Temple University Dr. Folkinshteyn’s teaching […]
The feds might’ve been clever enough to take down a shadowy internet drug ring, but it still hasn’t mastered the email BCC: CoinDesk reports a list of people and companies interested in the US Marshals seized, $18 million Bitcoin auction is now out in the open. Feds Raid Underground Drug Market Silk Road, Arrest Alleged […]