Timothy Geithner Is The Man Bitcoin Needs

Timothy Geithner Is The Man Bitcoin Needs

Timothy Geithner, the Former Treasury Secretary, was asked by Fusion’s Jorge Ramos about bitcoin, and if he would invest in the nascent digital currency: “No, I wouldn’t,” he said, when Ramos asked him to acquire bitcoins. Ramos asked Geithner if bitcoin had value. “It depends what your objective is,” he added. “As a way to save money, as an investment vehicle? No. It’s a very volatile thing. As a way to make payments? It’s got some risks because its value fluctuates hugely over time. So, it’s got a lot of challenges.” Geithner, always rigorous, admits: “I’m the wrong person to ask,”....


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Former Treasury Secretary Timothy Geithner Says He Wouldn't Invest in Bitcoin

In an interview with Fusion, a television network, former United States Treasury Secretary Timothy Geithner said to program host Jorge Ramos he wouldn't acquire bitcoin, in what is perhaps the surprise of the century. "No, I wouldn't," he said, when asked by Ramos whether he would put his money into it. The answer came immediately after Ramos put Geithner on the spot by asking him to describe what bitcoins were. "I'm the wrong person to ask - I don't think I really understand it," he said with a seemingly nervous laughter. When the host tried to get his reasoning as to why he wouldn't be....

Ripple Labs Names Former Obama Advisor to Board of Directors

Ripple Labs has named a former economic advisor to both former President Bill Clinton and current President Barack Obama to its board of directors. Gene Sperling served as director of the National Economic Council during the Clinton years. He was later made head of the economic advisory group under Obama after serving as an advisor to then-Treasury Secretary Timothy Geithner. He resigned from the directorship of the NEC in March of last year. In a statement, Sperling said that he looks forward to helping promote the Ripple network on a broader scale, noting: "I am excited to join Ripple....

BREAKING: Bitcoin.org Under DDoS Attack

Bitcoin.org is currently under a DDoS attack making the site inaccessible. The attack is currently being discussed on IRC. Transcript of the discussion: [20:10] <@jgarzik> saivann, https://bitcoin.org not working here. [20:12] < michagogo> Hm, same here. [20:12] * michagogo checks http://isup.me/bitcoin.org. [20:13] < michagogo> Not pinging, either. [20:15] < saivann> Sigh, probably one of these strong DDoS attacks; again, let me check. [20:19] < saivann> Yes, 10gbps DDoS attack, Black Lotus does not protect; us against those, they nullroute the IP until the attack is under 10gbps; and....

Bitcoin Company Coinbase Rumored To Be Raising Up to $60 Million Led By Timothy Draper's DFJ

Timothy Draper, co-founder of VC firm DFJ, is putting more money into the Bitcoin ecosystem, reportedly. Coming across the wire today by way of Re/code is news that Coinbase Series C funding is being raised right now. According to sources close to the deal, Coinbase is expected to take in between $40 million and $60 million USD in fresh new capital. The new round is expected to be led by DFJ. Coinbase has previously raised $31 million USD in funding over the last few years. Since Coinbase's inception in 2012, the company has received recognition both from within and from outside the....

Why Timothy Coles is Selling His $2 Million Gold Mine for Bitcoin

Timothy Coles is the man behind the profitable gold mine in the Yukon city of Dawson currently for sale for just over 3,200 BTC on luxury marketplace BitPremier. With more than 30 years of experience in the gold mining industry, Coles brings a unique perspective to digital currency and the concepts that underly the technology. He sees bitcoin as a one-of-a-kind type of asset. Coles told CoinDesk that he first learned about bitcoin while wintering in the Philippines. Casual research grew into more active investigation, leading to discussions about how bitcoin might fit into plans to sell....