RT America
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Senate considers Bitcoin regulations
The Senate Homeland Security and Committees held a joint hearing on virtual currency Bitcoin on Tuesday. Bitcoins are basically digital cash for the Internet, operating through person-to-person exchange, without a bank or central monetary authority to regulate or issue the currency. Bitcoins caught the eye of federal legislators after the FBI raided online black market Silk Road, which used Bitcoins as its currency of choice. The hearing looks at whether digital currencies should be regulated...
Related topics : digital virtual currency and bitcoins / bitcoin digital currency exchange / fbi bitcoin virtual currency / bitcoins online currency
Libertarian community to buy Chilean real estate with Bitcoins
A farming community in central Chile, called Galt's Gulch Chile, is billing itself as world's first Libertarian real estate project, and it will accept Bitcoins, the online, virtual currency. Jeff Berwick, the group's spokesman and founder of Bitcoin ATMs, blasted the use of the US dollar and "other fiat currencies," and said, "I think land in emerging markets will only increase in value over the coming years." The project is made up of 11,000 acres of land that is prime for farming, with ample...
Related topics : bitcoin virtual currency project
Bitcoin VIP charged with Silk Road money laundering
Bitcoin is the cryptocurrency that has been the darling of the online payment world since its development in 2009. But now federal prosecutors have charged two Bitcoin entrepreneurs with money laundering. They say that BitInstant CEO and Bitcoin Foundation board member Charlie Shrem and middleman Robert Faiella laundered drug-trafficking money through the black-market website Silk Road. Shrem and Faiella sold more than $1 million worth of Bitcoins to Silk Road users, prosecutors said, with...
Related topics : bitcoin money laundering / 1 bitcoin worth 1 million
Bitcoin hits highest price ever
The controversial cryptocurrency bitcoin was trading at a high of $1026.51, its best performance since 2013. “Boom Bust” correspondent Bianca Facchinei explains what may be causing the remarkable rise.
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