Bitcoin Foundation sets the record straight at Capitol Hill
Members of the Bitcoin Foundation educated US policy makers about digital currency in a meeting in Washington DC's Capitol Hill yesterday. Peter Vessenes, Patrick Murck and Marco Santori represented the Bitcoin Foundation and spent the day talking protocol, block chain and mining with representatives from the offices of several congressmen and senators. Santori, who is chair of the foundation's Regulatory Affairs Committee, said the attendees raised a number of concerns including privacy and anti-money laundering issues, but most just wanted to know how the protocol works. "The protocol....
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The first Bitcoin ATM was unveiled in Rayburn House Office Building, Washington. “Bitcoin is digital decentralized currency and Robocoin is the easiest way for people to buy and sell Bitcoin with cash,” said Robocoin CEO Jordan Kelley. "We're honored to be the first bitcoin company to demo and educate officials about bitcoin on Capitol Hill." “I have a healthy dose of skepticism but it’s positive skepticism. Things are always changing and we live in a global economy now,” said Hank Johnson, Democrat Congressman in the interview to Reuters. Robocoin was the first company to represent the....
Bitcoin has closed above $10,000 since July 27.
The Bitcoin Foundation just might be looking to up their game when it comes to their doings in the nation's capital. A report from the Wall Street Journal indicates that the Foundation has hired a lobbying firm to serve as their political muscle power on Capitol Hill. The firm, Thorsen French Advocacy, is led by two former bipartisan congressional staffers, according to WSJ. Their responsibilities are clear enough: give bitcoin a good name. Global Policy Counsel at the Foundation, Jim Harper, says the firm will build "a reservoir of goodwill that we can deploy when we need to avert a....
A Slovakian bitcoin ATM operator wants to set the record straight on the topic of Europe's first bitcoin ATM. That title is currently claimed by a machine installed in the Helsinki Central railway station in Finland. There has also been considerable media hype around a Swedish machine that was touted as the continent's pioneering ATM dealing in the digital currency. But Marian Jancuska, who operates the ATM in Bratislava, Slovakia's capital city, says neither Scandinavian country can claim the honour, because his machine was installed before either one. He said: "I am glad bitcoin ATMs are....
Though many in the bitcoin community were eager to distance the industry from the spectre of Mt. Gox heading into March, the failure of what was once a leading player in the market has lead high levels of uncertainty to remain. As evidence, despite Sunday's news that the UK would formally exempt its bitcoin traders from a 20% tax, what attracted the most attention from reports was not the progressive move by the local government. Rather, the focal point for many was a statement related to the Bitcoin Foundation's opening of a new UK office. The controversy centered around comments from....