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    Federal Agencies Move Towards Aggressive Enforcement of Digital Currency Companies

Federal Agencies Move Towards Aggressive Enforcement of Digital Currency Companies

Washington, D.C. – This week the Financial Crimes Enforcement Network (FinCEN) issued two rulings providing clarification on certain digital currency business models which are now required to register with FinCEN as money service businesses, and are also subject to […]

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    Alphabet Agencies Send Threatening Discovery Letters to Bitcoin Businesses

Alphabet Agencies Send Threatening Discovery Letters to Bitcoin Businesses

Bitcoin can expect another shock to the system as a variety of US regulatory agencies appear to be gearing up for a big action against Bitcoin related companies.

CoinFire reports that letters from various agencies including the SEC, FinCEN, and […]

The Reality of Inflation – Time for Plan B

It you look at the official inflation rate for the US right now, it’s 1.7%. For the cash-strapped American worker, this would seem to be one less thing they have to worry about. That is, unless you realize that […]

Bitcoin: An Instrument of Change

In his book BitCon, Jeffery Robinson makes the point that Bitcoin the currency is a solution in search of a problem and that, from his point of view, there is no problem that Bitcoin can solve.

This is a little […]

Over Half American Workers make 28,000 a Year or Less

The Social Security Administration has just released wage statistics for 2013, and the numbers are startling.  Last year, 50 percent of all American workers made less than $28,031, and 39 percent of all American workers made less than $20,000.  […]

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    Proof of Reserves: Born of Tragedy, Will Slowly Become the Global Standard of Auditing

Proof of Reserves: Born of Tragedy, Will Slowly Become the Global Standard of Auditing

How bizarre that common criticisms of Bitcoin revolve around the issue of trust, or lack thereof. Perhaps more than any other point, Bitcoin beats most modern standards on the issue of “trust” hands down. As the world wakes up […]

Hurdles to Crytocurrency Adoption

 Written by Richard Lyons via the Digital Currency Council.

As the awareness and popularity of digital currency advances there are a number of barriers emerging, which in the short term may limit how and where Bitcoin may be used. While the understanding of […]

Fed Official Warns Big Banks: Shape Up or Be Broken Up

BY ALAN PYKE

Bankers must fix a business culture that encourages bad behavior, Federal Reserve Bank of New York (FRBNY) head William Dudley told Wall Street executives in a speech on Monday. Without sweeping changes such as making managers pay regulatory fines out […]

How High Does Criminality Go at JPMorgan

By Pam Martens and Russ Martens: October 22, 2014 – First Appeared on Wall Street On Parade

Yesterday the Inspector General of the Federal Reserve System released a highly abbreviated report on the New York Fed’s supervision of JPMorgan’s Chief Investment […]

90% Tax Rate for the 1%

A 90 percent tax rate on the top 1 percent of American earners wouldn’t just significantly reduce income and wealth inequality and boost government tax revenues. It would also be the optimal level for Americans’ welfare, according to a new […]

EFF, Internet Archive, and Reddit Oppose the BitLicense

Privacy, Economic and Free Speech Flaws in Proposed Bitcoin Regulatory Scheme

San Francisco – The Electronic Frontier Foundation (EFF), along with reddit and the Internet Archive, today filed formal comments with the New York State Department of Financial Services opposing the state’s […]

Laura Poitras: Edward Snowden and the Golden Age of Spying

Laura Poitras at PopTech 2010 conference in Camden, Maine. (Photo: PopTech /flickr CC 2.0)

Here’s a Ripley’s Believe It or Not! stat from our new age of national security. How many Americans have security clearances? The answer: 5.1 million, a figure that reflects the explosive growth […]

Plutus Miners: ASIC Scrypt Mining for Everyone

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In January of 2009 the first Bitcoin block was mined by Satoshi Nakamoto, kicking off the mining race that is still going on. People started off mining with their regular computers, then upgraded to mining with […]

How the Poor are Punished for Being Poor

Originally posted on TalkPoverty.org.

This past weekend, I was part of a panel discussion on MSNBC’s Melissa Harris Perry with New York Times reporter Michael Corkery, whose reporting on the rise in subprime auto loans is as horrifying as it is important.

In what seems a reprisal of the […]

A Talk with Adam Krellenstein of Counterparty

Five years into its development, despite the huge strides Bitcoin has made, it is in many ways still more promise than reality. Barely realized are the promises of mass micro-transactions, cheap and easily convertible remittances, self-executing contracts, and decentralized […]