Bitcoin Software Developers Do Not Need ‘BitLicense’
The New York “BitLicense” proposal is most certainly controversial at the very least. There are of course many people who feel that Bitcoin should not be regulated at all and others who feel that current financial regulations can just as easily be applied to virtual currencies. But while this proposal covers merchant reporting requirements, one question still remains to be answered: Will Bitcoin software developers be required to obtain a “BitLicense”? This question appears to have been answered based on a report released by Reuters yesterday. According to this report Benjamin Lawsky,....
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The BitLicense is continually evolving; today, the NYDFS has clarified that Bitcoin software developers do not need to apply for a BitLicense. Additionally, the official comment period on the proposed BitLicense regulations by the NYDFS has again been extended to accommodate the anticipated revised proposal. The NYDFS has promised to have a revised proposal for the public by the end of October. Lawsky spoke today at the Benjamin N. Cardoza School of Law in New York City with a panel of digital currency experts. By admitting the areas that the NYDFS does not wish to over-extend into,....
Photo via jdac. Note: The quotes in this article are from the public Bitcoin IRC channel. The Bitcoin Core Developers have been working around the clock to implement fixes for a new version of the Bitcoin software that will address those aspects of the protocol that had made the recent Distributed Denial of Service (DDoS) attack possible. It must be stressed at the outset that the vulnerabilities being targeted by Tuesday's DDoS were not inherent to the Bitcoin protocol software itself but, instead, are vulnerabilities resulting from flawed wallet implementations developed by the affected....
Open-source software projects are starting to use bitcoins as a way to pay programmers for their work. Open-source software is developed under a license that enables anyone to view and modify its source code. Many commercial projects use open-source code, and popular software such as Linux is based on it. Although most open-source developers volunteer, there has also been a growing tradition of bounty sites, which will pay open-source developers for their help in developing software. These sites have used traditional currencies. Now, Bitcoin Bounties has a system that will enable....
A team of software developers is releasing a new bitcoin client, designed as an alternative to the original software that implemented the Bitcoin protocol. The new software, called btcd, solves several issues that they say made it difficult to port the software to new operating systems, and will be showcased at the Bitcoin 2013 conference later this week. Bitcoind was the original Bitcoin client implementing the bitcoin protocol, and was partly developed by Satoshi, the mysterious inventor of the Bitcoin algorithm. It was developed as a 'daemon' - a program designed to be started and....
A new post on the open-source Bitcoin.org website indicates its contributors have reason to believe the online resource may be targeted by malicious actors following an upcoming software release by Bitcoin Core developers. Bitcoin.org contributor Cobra-Bitcoin published a post today in which he indicated that certain resources the website intends to post following the Bitcoin Core development update could be the target of unspecified "state-sponsored attackers". At issue, the post asserts, is that Bitcoin.org generally posts binaries, or executable software versions of Bitcoin....