One reason bitcoin can be confusing for beginners is that the technology behind it redefines the concept of ownership. To own something in the traditional sense, be it a house or a sum of money, means either having personal custody of the thing or granting custody to a trusted entity such as a bank. With…
Digital rights advocacy group the Electronic Frontier Foundation (EFF) is supporting privacy, free speech and innovation through a new email campaign opposing New York’s proposed BitLicense. The EFF has crafted a pre-written letter for supporters to sign and send to the New York Department of Financial Services (NYDFS) and its leading supervisor, Superintendent Ben Lawsky….
Members of Brazil’s bitcoin community say that while past issues have contributed to the current weak market, more important hurdles remain. A lingering regulatory uncertainty, a relative lack of merchant adoption and the limited availability of Portuguese-language bitcoin resources, they said, are all reasons why Brazil’s market has yet to ignite. For better or worse,…
Australian police have raided a Brisbane coffee shop with ties to a biker gang, seizing a bitcoin ATM in the process. Police suspected the gang, which goes by the name of the Bandidos, was involved in high-level drug trafficking – allegedly trafficking meth and cocaine, as well as dealing in controlled substances used in the…
Bitcoin Group has announced it will pursue an initial public offering (IPO) in Australia. If successful, it would be the first bitcoin company to offer its shares to the public in an IPO. The Melbourne-based firm offers a cryptocurrency arbitrage service, but plans to turn mining into its main revenue source if its offering is…
A group of entrepreneurs promoting bitcoin in western Africa has reminded the world of the dire situation it faces as its daily fight to stop the spread of Ebola continues. The Sierra Leone Liberty Group (SLLG), initially formed to promote free enterprise and libertarian ideals as the path to prosperity in the country, has continued…
