We reported this week that the Federal Election Commission (FEC) would be reviewing a request made by a political organization that would allow donors to contribute to political campaigns with bitcoin of up to $100. It is now being reported that the FEC has delayed a formal vote on … [Read more...]
Danish political party considering internal blockchain voting
The technology of bitcoin has been lauded by both its staunch supporters and avid opponents. One common statement is that the cryptocurrency technology can move far beyond a currency, such as electronic payments systems and now perhaps voting. A Danish website, Version2, is … [Read more...]
FEC (Federal Election Commission) mulling bitcoin donations for political campaigns
Several political incumbents and hopefuls in the United States have already established bitcoin platforms for financial contributions, despite concerns that it might not be fully permitted by the Federal Election Commission (FEC). This could help transform the way campaigns finance … [Read more...]
U.S. investment banker James Rickards says tie bitcoin to gold and avoid volatility
James Rickards, a portfolio manager at West Shore Funds and the author of "The Death of Money," has mixed feelings over bitcoin, at least that is what he appears to feel in his latest op-ed piece published Monday in the Darien Times entitled "Bitcoin meets the taxman." In his … [Read more...]
Sir Richard Branson: Bitcoin is ‘the pioneer of a global currency’
These days, it seems that the peer-to-peer decentralized virtual currency bitcoin needs a shot in the arm because the negative publicity it has garnered over the past month or two. Enter: Sir Richard Branson. Branson, a billionaire entrepreneur who made headlines late last year … [Read more...]
Creditors support Mt. Gox buyout: bitcoin investor
Earlier this month, we reported that a group of investors were interested in acquiring the bankrupt Mt. Gox bitcoin exchange platform for one bitcoin ($501). The initiative would have the website overhauled and revived and proceeds of transactions would be allocated to both users and … [Read more...]
Poll: 71% of UK consumers don’t want to use bitcoin for shopping
Studies have previously shown that a minority of people understand what bitcoin is and would use it to purchase goods and services. A new poll has further confirmed that a majority of individuals still don’t want to use it nor do they trust it. A new YouGov poll commissioned by … [Read more...]
Report: Record amounts of gold and silver trading for bitcoin
Bitcoin has fallen a long way from its record high of nearly $1,200 late last year. Throughout the first quarter of this year, the digital currency has traded anywhere from $350 to $800 and many bitcoiners, even gold bugs, think it’s headed straight to the moon to as high as $100,000 … [Read more...]
Ron Paul: Bitcoin is not real money
Anyone who has studied Ron Paul’s politics would know that he is a staunch proponent of competing currencies and that he opposes fiat money. His real alternative to government-backed currency, though, is gold and silver. Therefore, it may not surprise some that the author of “End the … [Read more...]
Ex-NFL superstar Chad Ochocinco Johnson getting into bitcoin
Celebrities are starting to hop on the bitcoin train. Ashton Kutcher, Roseanne Barr, Drew Carey, Snoop Lion and a former Spice Girl are just some of the well-known faces to become bitcoin investors. Lately, however, sports stars have started to become interested in bitcoin too. The … [Read more...]
Former law professor Nick Szabo could be the creator of bitcoin according to new study
Last month, Newsweek claimed that it discovered who the real creator of bitcoin is: Dorian Satoshi Nakamoto, a 64-year-old Japanese-American living in Temple City, California, who had been part of a media chase across Los Angeles. It took only a couple of weeks for other news outlets … [Read more...]
Federal Reserve Bank President Narayana Kocherlakota is interested in bitcoin technology
Officials at the Federal Reserve haven’t necessarily been jumping for joy when the topic of bitcoin is brought up. Instead, most experts at the United States central bank usually dismiss the digital currency as nothing more than a flash in the pan and something for criminals. Not for … [Read more...]
Do Amazon and other corporate giants need bitcoin
When will Amazon, Walmart and Target start embracing the peer-to-peer decentralized digital currency bitcoin? Perhaps never or maybe if bitcoin becomes a lot more mainstream. We reported Tuesday of how Amazon has reportedly declined to offer its millions of customers an option to … [Read more...]
Amazon says there is no customer demand for bitcoin payment integration
In today’s e-commerce world, more and more Internet retailers are installing bitcoin capabilities to tap into that growing virtual currency market as well as to gain more publicity by doing so. Not so for one major company. Amazon, the online retail juggernaut, has reportedly said … [Read more...]
Is bitcoin just for ‘the guns and gold crowd’
Libertarians and Tea Partiers, bitcoiners and gold bugs, have been the subject of ridicule in the political establishment and mainstream media and have been harshly accused of being paranoid and conspiratorial. The anti-government crowd has long foretold of a crash in the United … [Read more...]
Wikimedia’s Jimmy Wales reveals he is ‘cautious’ about bitcoin
Last month, the bitcoin community received excellent news after weeks of bankruptcies, security vulnerabilities and price declines when Wikipedia co-founder Jimmy Wales accidentally launched a bitcoin donation campaign. He tweeted that he bought 0.1 bitcoin worth but then his online … [Read more...]
Texas Libertarian Party is accepting bitcoin donations
The state of Texas is in the middle of a fierce gubernatorial election. Republican State Attorney General Greg Abbott will face off against Democratic State Senator Wendy Davis on Nov. 4. It’ll likely be a contentious battle, especially considering that Davis has made national … [Read more...]
Investment group wants to purchase the dead bitcoin exchange Mt. Gox for one bitcoin
After the collapse of one of the biggest bitcoin exchange platforms in the world, Mt. Gox, the question has been asked: can it be salvaged? Well, a group of investors is looking to acquire the bitcoin exchange for one bitcoin, which is worth roughly $400. The Wall Street Journal … [Read more...]
Is the U.S. Justice Department on the verge of dropping the hammer on bitcoin
Numerous Washington officials have repeatedly warned that bitcoin could be utilized for illicit transactions, criminal activities and terrorism financing. Some of these individuals can be found at the Internal Revenue Service, the Treasury Department and now the United States … [Read more...]
National Australian Bank closing bitcoin accounts in May
It appears that Australian business account holders will have to take their business elsewhere. Local clients have published letters received by the National Australian Bank (NAB) in which it warns that it’ll be shutting down accounts associated with bitcoin. CoinDesk was the … [Read more...]
