This author’s views do not necessarily reflect those of Bitcoinist.net. In early February, the New York Department of Financial Services (NYDFS) released their revised BitLicense proposal to the public. This revision took place following a 90 day public commenting period for the first BitLicense draft held by the department during the latter part of 2014. Recently, the Department has opened up an additional 30-day commenting period for the revised draft, in which anyone can submit
On February 4th, Ross Ulbricht was found guilty and convicted of owning and operating the online drug marketplace Silk Road. On hearing evidence brought by the FBI and DHS, a jury took less than three hours to find Ulbricht guilty of all seven charges levied against him. These charges include Narcotics trafficking conspiracy, running a criminal enterprise, computer hacking conspiracy, and money laundering conspiracy. Now Mr.Ulbricht’s defense attorneys are seeking a new trial based on
This author’s views do not necessarily reflect those of Bitcoinist.net. Right now, the New York Department of Financial Services (NYDFS) is holding a 30-day public commenting period for the revised draft of its BitLicense regulation. By now, everyone in the Bitcoin community probably knows what BitLicense is; all cryptocurrency businesses in the state of New York that fall under the regulation’s jurisdiction must apply for a special license in order to operate in the state.
The MIT Bitcoin Expo 2015 organized by The MIT Bitcoin Club is happening this weekend. March 7th and March 8th respectively. For more information please visit: http://mitbitcoinexpo.org Follow up and share your thoughts in the comments section!
Unlike in 2014, when the talk on cryptocurrencies was given just one panel, it was decided by this year’s ICE Totally Gaming Conference organizers that Bitcoin and altcoins deserve a separate day to be discussed and hold presentations on, and so it happened: on February 3 the conference room initially meant for hundred participants was full. The list of attendees included angel investor Roger Ver, and Jon Matonis, formerly known as Bitcoin Foundation executive director. Giving
Kraken, a popular bitcoin exchange, has announced that they will be redesigning their website as the exchange comes closer to implementing margin trading. Kraken seeks to make their website more intuitive and friendly to newer users. The company will be focusing on making their design simpler and making it easier sign up to and learn how to trade on the website. The new design is set to implemented in “the next few days.” The company will be removing the
Editor’s note: We have edited this article to fix a mistake in our reporting. Previously, we said that Aaron Koenig made the popular Bitcoin documentary, “The Rise and Rise of Bitcoin.” We have changed that statement to say that he contributed to the film’s production. First day of Inside Bitcoins Berlin: Extremely Interesting When we arrived at the conference this morning, we were not sure how many people that would be attending. Initially, we thought that many
The Virtex bitcoin exchange has recently put its trading API offline without warning, and has left many customers without access to the funds they had in their trading accounts. One customer contacted Bitconist.net saying that he had $10,000 USD in a Virtex trading account that he could not withdraw when the exchange unexpectedly shut down. In addition to the offline API, the Virtex website is no longer available. When trying to visit the website, we were
In the summer of 2014 Coinbase, a bitcoin wallet and exchange service, proposed changes to the BitLicense draft, which was proposed by the New York State Department of Financial Services (NYDFS). The bill was opened up to a 30-day comment period at which time Coinbase submitted a 15 page proposal for changes to the draft. In December, the NYDFS’s released its revised BitLicense, and while many agree it’s a step in the right direction, Coinbase
The industry of online gambling entertainment is being revolutionized. For some time already, it has been in the process of undergoing vital changes. At first glance, these changes do not seem to be in plain view, as everything positive about online casino games you’ve got so used to in the intervening months and years is still there. Still, it has become more advantageous and even more convenient to play, all thanks to Bitcoin – the
Syscoin major feature is that it provides a modern businesses platform infrastructure designed to trade goods, assets, digital certificates, data and value all in a highly secure environment.
With the end of February just passing, many were saying February the most stable month of Bitcoin so far. With a net change of a $1 per day, Bitcoin users enjoyed a stable price. For a while, it looked that February was going to end with Bitcoin at a price of the mid $230s. Also Read: Last Weeks Market Wrap Up Later Sunday, after the price dipped to the upper $240s, we had a similar
RE/MAX is one of the best known real estate brands in the world. Recently the RE/MAX London delegation has announced it was starting to accept bitcoin as a payment method for property rentals. The company entered into a partnership with an equally recognized payment processor, the GoCoin platform. GoCoin will deliver a fast a secure service that will relieve RE/MAX of the volatility risk involved with bitcoin and other cryptocurrencies.
We are super excited to kick off this new series covering in depth issues with Bitcoin taxes within the United States. Bitcoinist will be partnering with Daniel Winters of Global Tax, LLC to bring you weekly content. This weekly series will run every Thursday up until the tax deadline of April 15th, and after that point, the series will become a bi-weekly publication, as there are still many topics to cover. In addition to the
Daniel Winters of Global Tax, LLC sits down to talk with Scott of Bitcoinist about basic US tax rules for Bitcoin. He is knowledgeable from everything like corporate tax to personal income tax. Daniel has been consulting many people and businesses in the Bitcoin ecosystem as well as recently giving a presentation at the Bitcoin Center in NYC. Daniel was a significant presence at the North American Bitcoin Conference in Miami where we were able to
January 2015 was an extremely frustrating month in regards to the Bitcoin price. A lot of people returned to earlier unsubstantiated mantras, such as “Bitcoin is a Ponzi.” This has been lessened as of late but, the skeptic attitude has not diminished at all. As investigative journalists, we come in contact with all sorts of people. Crypto enthusiasts, novices to Bitcoin, experts and professionals in digital currency, CEO’s from the leading companies in the crypto world and skeptics. In this
“The Silk Road underground website was the global venue for drug trafficking and money laundering, producing millions in dirty profits. DEA and others followed the money throughout this investigation, leading to this seizure. The website was used by drug dealers to put illicit drugs into our communities and literally at our doorsteps nationwide,” said DEA Special Agent in Charge, Brian R. Crowell. The US Marshals announced that it will auction off another set of 50,000
In 2013, Mt. Gox was the exchange that all Bitcoin users knew. Having the most liquidity and volume, this is where most Bitcoins were exchanged. Whether it was the transaction malleability exploits, trade withdrawal exploits or the infrastructure is not being able to handle the load, Mt. Gox went to dust, losing 850,000 Bitcoins. In USD equivalent at the time of the collapse, this equated to over $400 million customer funds that were unaccounted for.
While people mainly hear about Trezor, a hardware Bitcoin wallet, there are alternatives. For example, take a look at Ledger. Ledger is a more affordable wallet, which is around .13 BTC and plugs into a PC; it is controlled via a Chrome Browser extension. It signs transactions and can access your wallet, even under the worst possible scenario where PC is infected with malware or key loggers. Ledger’s website touts secure transactions even on a fully
With the recent news of Netagio restructuring its business model to wealth storage from a Bitcoin exchange platform, Bitcoin Exchange CAVIRTEX also known as Canadian Virtual Exchange, has taken a similar path. According to their latest news update that was posted on February 17, 2015, Carvitex has intentions to cease operations and stop being “an active Bitcoin business” as soon as possible. Effective immediately, CAVIRTEX intends to cease carrying on an active Bitcoin business and will