A copy of PayPal Australia's submission to the Australian Senate inquiry into digital currencies held in late 2014 is now available. Contained within the submission, PayPal Australia argue that while an individual's use of Bitcoin should not be regulated, businesses which offer a service based on it should be. Continue reading
Author Archives: cazalla
ChangeTip Spam Moves Beyond Twitter, Youtube & Reddit
ChangeTip today announced the release of an additional product feature that they're calling the One Time Tip Link. OTTL enables ChangeTip users to take their tipping beyond Twitter, YouTube and Reddit by allowing them to send tips to people via email and SMS.. at least that is how ChangeTip has decided to market the addition of OTTL to their controversial platform. Continue reading
DeviantTwo AKA Robert Christopher's December Arrest Flies Under The Radar
Despite the following news having managed to fly under the radar as is typical of some paedophiles, DeviantTwo aka Robert Christopher, who up until December 22nd of 2014 was better known for his participation in the failed exchange CryptoRush, was arrested last December and charged with child pornography offences.
Working with the FBI, Columbia County Sheriff's Office arrested Robert K. Christopher and charged him with:
- 23 counts of Transmission of Pornography by Electronic Device or Equipment.
- 23 counts of Possession of Child Pornography.
Vault Of Satoshi Is Closing – Why?
Canadian owned and operated Bitcoin exchange Vault of Satoshi has announced their intentions to close the exchange as of February 5th 2015. As the timing of the announcement coincides with the current suspension of the Bitstamp exchange, VoS has stated that the decision to close the exchange has nothing to do with insolvency or stolen funds but merely a change of direction for the founders who wish to switch their focus to a non-Bitcoin project named TurboFlix. The announcement reads: Continue reading
Bitstamp Exchange Suspends Service
The sudden crisis at Bitstamp appears to have escalated from one of warning users not to deposit bitcoins and into a scenario whereby history may be repeating itself. The Bitstamp website has now been shuttered in order for security staff to assess the "security and soundness" of the exchange. The website now reads: Continue reading
Bitstamp Requests Users Stop Making Deposits
UPDATE – I can confirm that upon logging into Bitstamp, a warning is displayed:
DO NOT DEPOSIT TO PREVIOUSLY PROVIDED BITCOIN DEPOSIT ADDRESSES. Deposits sent to previous address will not be honored. New deposit addresses are forthcoming.
Bitstamp has is alleged to have requested that users of the exchange stop sending bitcoin deposits to their Bitstamp accounts after some users began reporting inconsistencies with their balance after transferring bitcoin to the exchange over the past hour. The email that is alleged to have come from Bitstamp reads: Continue reading
Theymos Claims Josh Garza Is Sending Him Legal Threats To Have Content Removed
Theymos, owner of bitcointalk.org and a moderator of /r/bitcoin, is claiming that he has been on the receiving end of legal threats from Josh Garza and his legal team. Garza is claimed to be demanding the removal of things from /r/bitcoin and the bitcointalk.org forums although it is not known which content Garza specifically takes offense to given much of what is being posted – such as claims of a $20 floor for Paycoin set by Garza and his $100 million backing in private funds – are known to have been said by Garza despite his attempts to re-write history by modifying previous posts. Continue reading
South African Tax Review Expresses Concerns Regarding Bitcoin
In February of 2013, former Minister of Finance Pravin Gordhan announced that the South African government would begin a review to assess the current tax policy framework and its role in supporting growth, employment, development and fiscal sustainability. The members who would make up that committee, which came to be known as The Davis Tax Committee, were announced in July of that year and their First Interim Report on BEPS1 was released for public comment late last month. Contained within the report are some concerns that Bitcoin might impact on tax compliance in the future. Continue reading
Base Erosion and Profit Shifting. ↩
Japanese Newspaper Reports 99% Of Bitcoins At Mt.Gox Lost Due To Fraud
Yomiuri Shimbun, one of five national Japanese newspapers, is reporting via its English 'The Japan News' website that of the 650,000 bitcoins that went missing in the aftermath of the Mt. Gox collapse, 99% of the coins have been lost due to the fraudulent activities by an unknown individual or party. An additional 7,000 bitcoins are reported to have been stolen due to cyber-attacks. Continue reading