Interview With GLBSE's James McCarthy / Nefario
Last week, the Global Bitcoin Stock Exchange, for a long time the leading investment platform in the Bitcoin economy, suddenly and unexpectedly shut down. There has been much speculation about what has happened, as GLBSE founder James McCarthy (Nefario) maintained relative silence on the Bitcoin forums, and fears multiplied that government law....
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Last Thursday, the Global Bitcoin Stock Exchange, the first and by far the largest securities exchange in the Bitcoin economy, unexpectedly shut down. The principal cause of the shutdown appears to be legal problems. As Nefario wrote in IRC chat[1], "my problem actually is: 1) AML, 2) tax, 3) regulations, in that order." The shutdown has already had an impact on the Bitcoin price, dropping it from about $12.9 to a low of $10.65 before a partial recovery[2], and will have a significant impact on the Bitcoin economy over the next few weeks as the businesses listed on the exchange adjust to....
Bitcoin-based investment platforms have had a long and colorful history in the past two years. The idea first started with the Global Bitcoin Stock Exchange, launched in April 2011. The exchange picked up quickly, with mining companies and the in-person Bitcoin exchange Ubitex as the first IPOs, but within months the exchange ran into its downfall: quality control. In December, the GLBSE-based Lambert Investment Funds, a fund which invested in other GLBSE assets, was forced to shut down because many of their investments turned out to be scams, and in August 2012 the GLBSE suffered a....
James O'Beirne joined the "Bitcoin Magazine Podcast" to discuss Bitcoin Core development, bitcoin vs. gold and more. The post Interview: James O’Beirne On Bitnomial And Bitcoin Dependencies appeared first on Bitcoin Magazine.
Congressman Kevin McCarthy has urged Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell not to ignore bitcoin like they have been trying to do. He believes it is the future, emphasizing, “I do not want America to fall behind” other countries. Government and the Fed Should Not Ignore Bitcoin GOP leader Kevin McCarthy talked about bitcoin in an interview with CNBC last week. Congressman McCarthy serves California’s 23rd district and is currently the Republican leader in the U.S. House of Representatives. He was asked specifically if he thinks that....
In a recent interview, U.S. House Minority Leader Kevin McCarthy said lawmakers should not ignore bitcoin, but understand its future role.