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Category "bitcoin"

Bitcoin has been on a nice run over the last few months, currently trading above $500 USD/BTC.

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A large driver of the run up has been growing demand for Bitcoin in China. BTC China has always been …

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Using Bitcoin for sending money between countries seems like a no brainer; because the costs are so low, there is the potential for huge savings for immigrants sending money home.  But, as I wrote about in GigaOm this past weekend, …

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In our last post we noted that at least half of all Bitcoin transactions in June 2013 were for online gambling on the gambling site Satoshi Dice.  We were interested to see what has happened since Satoshi Dice was acquired …

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Recently we noted that illegal drug purchases are around half a percent of Bitcoin transactions, which is far from the existential threat that it has been made out to be. Instead, the most common usecase for Bitcoin is online …

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With the backdrop of both Congress and the NY Department of Financial Services launching investigations into Bitcoin, regulation is top of mind for everyone in the Bitcoin ecosystem.

So far the only definitive statement about how Bitcoin will be regulated …

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Although many have shown a lot of angst about Bitcoin use on Silk Road, buying drugs is far from a major use of Bitcoin.

As the recent Forbes Article about Dread Pirate Roberts, the man behind Silk Road, …

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Earlier this week the Federal Government shut down Liberty Reserve, a digital currency exchange, alleging that it ran “what amounted to an online, underworld bank that handled $6 billion for drug dealers, child pornographers, identity thieves and other criminals …

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Well it looks like the Department of Homeland Security is investigating Mt. Gox and the primary complaint is operating an unlicensed money transmittal business. Things do not look good for Mt. Gox. Its US accounts are being seized. This …

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It’s no secret that that I see the opportunity for Bitcoin to disrupt multi-billion-dollar markets and dramatically cut transaction costs for people around the world.  We are in the early stages of innovation in this ecosystem, and Lightspeed wants …

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FinCEN, the department of the Treasury responsible for fighting financial crimes has already issued guidance on how it views Bitcoin. Now it looks like the Commodities Future Trading Commission may also seek to regulate Bitcoin. More regulation is …

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