Regulators Taking a Hiatus to Learn a Bit More About Bitcoin
On Monday and Tuesday of this week, representatives from the Bitcoin Foundation met successfully met with regulators and Capitol Hill Staff. Without a clear foreshadowing of how successful the series of meetings would be, the outcome was a "smashing success" according to Chair of the Foundation's Regulator Affairs Committee, Marco Santori who provided....
Related News
State regulators see the challenge of regulating bitcoin and digital currency as no easy task. Case in point: State regulators right here in Massachusetts are mulling bitcoin regulation in effort to make it clear just the play rules are when it comes to the use of these new, emerging currencies. "We will be trying to come up with a model law or regulations states can use," said David Cotney, commissioner at the Massachusetts Division of Banks to the Boston Herald. "This has gotten a lot of attention, and we want to make sure when we act, we get it right." Cotney is also the chairman of the....
Global US dollar withdrawals have fully resumed at Mt. Gox following a two-week testing period of its new transaction processing system. The exchange said it still managed to process over $1 million worth of withdrawals over the past fortnight, despite having announced a temporary hiatus. "As this required a great deal of manpower and was not a perfect solution, we are quite happy with the progress made despite the conditions," reads the statement from Mt. Gox. The company also used the statement to announce it has formed relationships with a number of new banking partners across the....
Dearest readers, I apologize for my brief hiatus... I was. Today I bring you a video that you might not have seen before; however, it's likely more possible your parents or your grandparents might have... The following video must be viewed only after taking a pinch of salt, a lime wedge, and some good ol' Tequila straight to the face. Advice given by Money Morning must be taken with several grains of salt. They market themselves as carrying “Only the news you can profit from” and are currently featuring Bitcoin content at the top of their homepage. While the presented setup sounds like an....
Yesterday, Mt. Gox released the following notice from Tokyo, Japan: Statement Regarding Temporary Hiatus on U. S. Dollar Withdrawals. TOKYO - JAPAN - June 20th, 2013. Over the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume has made it difficult for our bank to process the transactions smoothly and within a timely manner, which has created unnecessary delays for our global customers. This is especially so for those in the United States who are requesting wire transfer....
Leading crypto exchange Phemex has announced a new initiative called Learn and Earn. This educational program has the objective of rewarding users to learn about crypto and its underlying technology. Divided into several courses with different lessons in video formats, users will learn fundamental concepts related to this industry and this new asset class. Users […]