Bitcoin May Have Its Time In The Sun As Greek Banks Go Kaput

Can cryptocurrencies like bitcoin offer relief to customers banking in countries on the brink of financial ruin, like Greece?

MintPress News Desk
By MintPress News Desk
Japan Bitcoin

ATHENS --- While Greeks are panicking over bank and stock market closures in what seems to be the impending financial collapse of their Mediterranean nation, more eyes are looking toward the world’s most popular cryptocurrency for solutions. Robert Peston, economics editor for BBC News, called it “Greece’s bank holiday from hell” on Sunday,

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Why Ross Ulbricht Is A Political Prisoner, An Exclusive Interview With His Mother

“This was a political statement. It was an endorsement of their drug war. And the drug war is a failure,” Lyn Ulbricht, mother of Ross Ulbricht, tells MintPress News.

Derrick Broze
By Derrick Broze
Supporters of Ross William Ulbricht hold signs during the jury selection for his trial

NEW YORK --- Lyn Ulbricht has become figure known to tens of thousands of people around the world. She’s well-known member of the American Libertarian movement, and a fixture in the bitcoin and “Crypto-Anarchist” worlds. She’s also the mother of Ross Ulbricht, the convicted founder of the Silk Road online black-marketplace, and the administrator

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Obama’s New Executive Order Banning Donations To Edward Snowden Challenged With 33 Cent Donation

Kristopher Ives only sent Snowden 33 cents worth of bitcoin, assuming that it would in fact be intercepted by the government. But for him, it was a statement, more than a donation that he expected to land in the electronic purse of Snowden.

Jackson Marciana | Counter Current News
By Jackson Marciana | Counter Current News

Demonstrators holds up banners with the photo of Edward Snowden during a protest outside of the U.S. Capitol in Washington, on Saturday, Oct. 26, 2013. An Oregon man decided to openly troll President Obama, in an act of protest against the treatment of political exile Edward Snowden. Kristopher Ives is a software programmer who taunted

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The Bitcoin Hype Has Been Spent, So What’s Next?

It’s been a rough year for the bitcoin. Going forward, it may turn out that the cryptocurrency’s greatest value lies in what it reveals about the flaws in the cryptocurrency model. Addressing these flaws could ultimately revolutionize the ways we think about and handle data.

Frederick Reese
By Frederick Reese
Bitcoin

The U.S. Marshals Service announced last Monday that it will be auctioning off 50,000 of the bitcoins it seized from the accounts of Ross William Ulbricht. Ulbricht, who operated under the pseudonym the Dread Pirate Roberts, allegedly operated the first iteration of Silk Road, the online marketplace accessible only through Tor that sold drugs,

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The Bitcoin Hype Has Been Spent, So What’s Next?

It may be the case that the cryptocurrency is most valuable as a development platform for other products — products that could ultimately revolutionize the ways we think about and handle data.

Frederick Reese
By Frederick Reese

The U.S. Marshals Service announced last Monday that it will be auctioning off 50,000 of the bitcoins it seized from the accounts of Ross William Ulbricht. Ulbricht, who operated under the pseudonym the Dread Pirate Roberts, allegedly operated the first iteration of Silk Road, the online marketplace accessible only through Tor that sold drugs,

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New York State Wants To Heavily Regulate Bitcoin Trading

The proposal would establish a mandatory “BitLicense” for any company involved with the buying, selling, mining or trading of cryptocurrencies.

Frederick Reese
By Frederick Reese
bitcoin

In a move that has upset many in the bitcoin community, New York has become the first state to issue guidelines for the regulation of the trade and storage of bitcoins and other virtual currencies. With New York City being the hub of the nation’s financial network, state regulators introduced the new rules in an attempt to introduce safeguards to

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