Benjamin Lawsky, the superintendent of financial services for the state of New York, today discussed some of the changes, which he said is more of a clarification, to the rules for the proposed set of regulations that make up the controversial BitLicense plan. Continue reading
The Fall of Moolah.io
Moolah was a CryptoCurrency web wallet and financial platform that aimed to simplify CryptoCurrency payments. The service was presumably launched by Alex Green in January 2014. Moolah is backed by Moopay LTD, the company behind all of the Moolah services. It was owned by the reddit user moolah_, and had 59,689 followers. Continue reading
Labor Party Australia: Can't Ignore Bitcoin
Australian Labor senator Sam Dastyari has told the Australian banking sector that they cannot ignore Bitcoin simply by sticking their heads in the sand" and that it is headed their way because it's the future. Continue reading
Living Room of Satoshi Packs It In
Living Room of Satoshi, an Australian company which enabled users to pay BPAY enabled bills using Bitcoin, has shut its doors due to concerns regarding the recent Goods and Services Tax ruling from the Australian Tax Office. The company had only recently won "best pitch" at the Future of Payments conference held in Sydney, Australia on the 19th of September. Continue reading
Unofficial IS Site Shut Down, Seeks Bitcoin Donations
Khilafah.is, an unofficial IS website, which was used to publish "an alternative narrative of the events happening in IQ & SY"1 has been shut down. Continue reading
Iraq and Syria. ↩
Coins.ph Launches Bitcoin Wallet For Emerging Markets
Coins.ph, a Bitcoin exchange located in the Philippines, today launched what they describe as a bitcoin wallet that caters to the needs of users in emerging markets. Continue reading
Newsweeklied, Lied
On March 14th, 2014, Newsweek published a story titled “The Face Behind Bitcoin” written by Leah McGrath. In the article Ms. McGrath stated “Standing before me, eyes downcast, appeared to be the father of Bitcoin.” While Newsweek claimed that they had discovered “the face behind Bitcoin.” Dorian Nakamato denied having anything to do with it. Continue reading
Butterfly Labs Seek To Have FTC Complaint Dismissed
James Humphrey1, an attorney representing BFL in the case that the FTC brought forward last month, has filed a motion to dismiss the complaint. He stated that for the state to argue for deceptive representations, the FTC would need to allege facts that established BFL made a representation that was material and likely to mislead customers.
Polsinelli PC. ↩
Regulating Bitcoin and Block Chain Derivatives By Houman B Shadab
Houman B. Shadab, who recently appeared at the CFTC meeting which focused on issues related to clearing Non-Deliverable Forwards (NDFs) and the digital currency bitcoin, has released a paper titled Regulating Bitcoin and Block Chain Derivatives. Continue reading
Surveillance Mogul: Make Bitcoin Like Paypal
Peter Thiel, notable for being the founder of global surveillance firm Palantir and a co-founder of Paypal, today described Bitcoin as "lacking a Payment system" of the sort Paypal had while also criticizing it for introducing a new currency "for speculators." Thiel also insisted commerce happening in Bitcoin was almost entirely illegal. In his conversation with US today Thiel noted he has roughly three quarters of his wealth tied up in illiquid tech stocks.