In the third part of a series on Bitcoins, Ty Sagalow discusses how the peer-to-peer payment system has become more legitimate, if not more secure. Recently, the U.S. Marshals Office auctioned 30,000 Bitcoins that were forfeited by Silkroad, one of the original Bitcoin companies allegedly involved in illegal activities. Mr. Sagalow says “the decision by the United States […]
Archives for February 2015
Palarin Brings Coinbase-Inspired Bitcoin Services to the Philippines
A startup called Palarin officially launched its service this week, bringing easy bitcoin access to the Philippines market. The company offers a wallet it says is extremely easy to use, taking Coinbase’s wallet model to the Southeast Asian country. Continue reading at CoinDesk Powered by WPeMatico
How the Blockchain Could Stop Firms Cooking the Books
Enron, WorldCom, Lehman Brothers and Saytam are all dark moments in corporate history. One way or another, they all cooked the books to hide their true financial position, at the expense of investors, customers, and sometimes, the tax payer. Could the blockchain be used to stop corporate fraud? It’s unlikely that large organizations would begin trading […]
Bitcoin Panel Seeks New Take on Regulation at New Jersey Hearing
A group of nine business owners and legal experts pitched a panel of New Jersey legislators this week on why they should make the Garden State a hub for bitcoin development. To get there, the panel urged, would require creating an environment in which digital currency developers, startups and ideas could flourish without the risk […]
Industry: BitLicense Revision Leaves Room for Continued Debate
New York’s bid to become the first state with a dedicated regulatory regime for the digital currency industry took a step forward this week when the New York State Department of Financial Services (NYDFS) published an updated draft of its BitLicense proposal. While only released on 4th February, the digital currency industry is already beginning […]
