Bitcoin Mint Casascius Shut Down By US Regulators
News has emerged that Utah-based Bitcoin Mint Casascius has stopped minting cryptocurrency, following pressure from the US government. The company, which sold bitcoins embedded within metal coins, has reportedly been picked up by the US Financial Crimes Enforcement Network (FinCEN) for being an unregistered "money transmitter". Since coming on to the scene in 2011, around 90,000 Casascius coins have been minted. Each coin contains the private key for a bitcoin address, making them a "secure and collectible" offline container for the digital currency. Casascius founder Mike Caldwell, a....
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Bitcoin mint Casascius is back, resuming the sale of its products on a limited basis. The brainchild of entrepreneur Mike Caldwell, Utah-based Casascius coins was forced to shut down operations back in December. The company was effectively put out of business by the Financial Crimes Enforcement Network (FinCEN), after the agency classified Caldwell's activities as "money transmitting". At the time, Caldwell said he did not want to "argue" with FinCEN - though the decision was rather baffling, since he was merely minting physical coins. As of yesterday, Casascius is back in business - with....
With the Christmas holidays upon us, we are all opening up our presents and spending time with loved ones. Some of us will even receive cash as a gift, which we can use to treat ourselves to something nice. So why not purchase the only Casascius coin to be produced this year, and commemorate the St. Petersburg Bitcoin Bowl at the same time? For those of you who are unfamiliar with the name Casascius, allow me to give you a brief introduction. Casascius is a well-established brand of physical Bitcoins, created by Mike Caldwell. The first Casascius physical Bitcoin was created in 2011 and....
The CEO of Ark Investment Management (Ark Invest), Cathie Wood, says regulators cannot shut down bitcoin. She added that they will become more friendly towards cryptocurrencies over time. Wood is not the only one who thinks that governments cannot shut down bitcoin. Regulators Cannot Shut Down Bitcoin, Says Ark’s CEO Ark Invest CEO Cathie Wood shared her view on bitcoin, its regulation, and environmental impact at the Consensus 2021 conference Thursday. The CEO said that bitcoin is “already on its way and it’ll be impossible to shut it down.” She added that....
Since September 18, 2021, close to 250 Casascius physical bitcoins were redeemed over the last 198 days. On that day six months ago, there were 19,920 Casascius physical bitcoins left active and today, there are approximately 19,676 left to peel.
19,676 Casascius Physical Bitcoins Left to Peel
During the last six months, approximately 244 Casascius physical bitcoins were redeemed for their digital value. The Casascius physical bitcoin collection created by Mike Caldwell is one of the most popular physical BTC collections. The rare coins are often sold for more than the digital....
While bitcoin continues to become more scarce every day, the most popular set of physical bitcoins, crafted by Mike Caldwell from 2011 to 2013, have become far scarcer than their digital counterparts. As of September 18, 2021, there are now less than 20,000 active bitcoins from the Casascius physical bitcoin collection. Casascius Physical Bitcoin Collection Grows Scarcer Bitcoin has become a well-known technology and in the early years a number of people and companies deployed concepts called “physical bitcoins.” Essentially, a group or individual would fabricate a coin with....