Month: December 2014

Ben Lawsky Announces Revised BitLicense

A few days ago, New York State’s superintendent of financial services, Ben Lawsky, announced DFS’s revised outline of the Bitlicense framework for regulating digital currencies. The updated Bitlicense will be posted on FDS’s official website for a new 30 day round of public comments soon. Lawsky outlined a few changes made to the previous license version …

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Time Inc Begins Accepting Bitcoin

This Tuesday, Time Inc became the first magazine publisher to accept Bitcoin as a payment method for subscriptions to four of its most popular magazine titles; Health, This is Old House and Travel, Leisure and Fortune. Time Inc. has stepped into the world of cryptocurrencies, a few days after Microsoft’s announcement of acceptance. The magazine …

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Butterfly Labs Back In Court

For those who’re either new to mining, or have been living under a rock for the past 2 years, Kansas based Butterfly Labs are renown for their unethical business practices; From delivering unsatisfactory hardware that didn’t ship in a timely matter om hardware too obsolete for miners to make back their moneyr. This all came to a …

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Microsoft Now Accepts Bitcoin

Microsoft has sent waves through the bitcoin world by accepting the currency on its Xbox sites and other content portals. Eagle-eyed users on Reddit noticed this sudden change in the last 24 hours. The bitcoin payment option has not yet been formally announced. For digital products, bitcoin is now a valid payment method on many …

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Bitcoin Foundation Hires Sergio Lerner

Following the Bitcoin Foundation’s recent announcement that they’d be returning to their roots, focusing solely on Bitcoin Core development which included the hiring of new developers, they have announced the hiring of Sergio Lerner as their new core security auditor [blockquote]As Core Security Auditor, Sergio will be dedicated to the ongoing security review of changes to …

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Silk Road Auction Winners Announced

Edited: 21:15 GMT to reflect the news that Tim Draper has won 2000 BTC has now been confirmed The U.S. Marshals Service has completed the second auction of bitcoin seized from Ross Ulbricht, the alleged owner of the original Silk Road. Announcements from winners are still thin on the ground, however following an unconfirmed announcement from …

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NYDFS Release Bit License Comments

This week the New York State Department Of Financial Services (NYDFS) published the comments they received regarding the BitLicense proposal on the department’s website. The revelation was made by Ben Lawsky, the superintendent, via his Twitter’s account. 3,746 comments have been received from both individuals and corporations. All 3,746 public comments DFS received on Bitlicense …

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