Controversial New York Lawyer to Accept Bitcoins
In the 1970s and 1980s, E. F. Hutton was one of the best known brokerage houses in the United States. A Madison Avenue ad-maker came up with the tagline, "When E. F. Hutton talks, people listen." The same could be said about successful people in general. When a successful man makes a decision, it's a good idea to listen, if you want to be successful....
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Lawyer.com is a leading directory and Lawyer matching service headquartered in Basking Ridge, New Jersey and Easton, Pennsylvania. Lawyer.com members now have a new way to pay. The online lawyer-match directory now accepts Bitcoin payments, allowing for faster, cheaper transactions. The new service is now offered with a 10% savings to Lawyer.com members and potential clients. As an industry leader, Lawyer.com hopes to transform the way consumers purchase online services. Lawyer.com CEO, Gerry Gorman, says the decentralized currency offers lower processing fees for consumers and Lawyer.com:....
There have been several merchants joining the bitcoin transactions these days, includingLawyer.com which even offers discounts for cryptocurrency payments. Lawyer.com is an online lawyer directory. The company's decision to accept bitcoin payments would allow customers to enjoy faster and cheaper transactions. Lawyer.com members who use bitcoin can be able to get a 10% discount on services. Bitcoin Transactions Bandwagon. "Bitcoin transactions reduce our costs, improve transaction speed and provide full billing transparency. In return, we can offer our services at significant savings,"....
With New York's BitLicense scheme officially three months away, sophisticated traders are already devising strategies to profit from the potential arbitrage opportunities. If implemented in the regulation's final version, the physical address and identification requirements (Sections 200.12 and 200.15) for both sides of a transaction will dilute the inherent privacy of the overall bitcoin network. Due to potential IP address blocking and other techniques to identify and block New York-based traders, the exchanges operating within the jurisdiction may end up 'ring-fencing' themselves and....
ItBit has hired former New York State Department of Financial Services (NYDFS) general counsel Daniel 'Danny' Alter as its general counsel and chief compliance officer. The three-year veteran of the NYDFS was involved in the formation of the New York BitLicense, the controversial licensing regime for digital currency businesses seeking to serve consumers in the US state, before departing in February. The move is perhaps surprising given the originally skeptical outlook on the technology Alter voiced at the New York BitLicense hearings in early 2014. At the two-day event, Alter was perhaps....
The world's largest peer-to-peer bitcoin marketplace Local Bitcoins and bitcoin marketplace BitQuick have terminated their services in New York due to the strict restrictions and fees demanded by New York's BitLicense. Local Bitcoins is a unique case; as every single seller on Local Bitcoins would be required to pay $5,000 to apply for BitLicense. The Local Bitcoins team wrote on their blog:"From today onwards users from New York are no longer allowed to use LocalBitcoins because of the legislation known as the BitLicense (23 NYCRR 200) which makes it a federal offense to sell virtual....