Industry Report: A Week of Big Bitcoin Money, Backpage Arrests
TechCrunch creates a new blockchain series, Backpage.com’s CEO is arrested, and Antshares raises a lot of money. Want to catch up on your latest digital currency and tech news? Check out the stories below. TECHCRUNCH. The news publication will release a six-episode series called “Trust Disrupted.” The topic: cryptocurrencies and the blockchain. TechCrunch seems to believe that Bitcoin and related digital currencies are among the hottest inventions of the last ten years, and the series is aiming to educate the general public about their uses. The series will feature New York Times reporter....
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Liara Roux. Liara Roux is an "exclusive San Francisco escort," of the upscale variety, and she has been impacted by the recent decision of Visa, MasterCard, and American Express to cut off Backpage.com, a place that people in her industry often solicit customers. Bitcoin is censorship resistant. Even if the government ordered someone to shut down Bitcoin for a site like Backpage, they'd be unable to do it. So long as the people at Backpage could create a wallet, they could receive money. This is by design, considered a feature, not a bug. Whereas with many of the legacy systems, it's....
Coin Cafe is meant to be an easy way to buy and hold bitcoins, but they apparently do not like people attempting to use bitcoins at the free classifieds provider Backpage.com. After the problems that the website had in the last several weeks, with all of its other merchant processing accounts closed, Bitcoin has garnered some coverage. However, it appears that users of Coin Cafe are not welcome to use their hosted wallet to purchase services from Backpage.com. The site seems almost hostile to those who would use its services to hire ads from Backpage.com. It seems this is a company policy,....
Paxful was chosen by Backpage.com to provide users with bitcoins when the company was shut down by Visa and Mastercard. Now that Paxful is up and running, they've had their hands full teaching many people the basics of Bitcoin in the process of selling it to them, so they can place their ads on Backpage.com. Now the company has made a video to ease the process for Backpage.com users. Also read: Chicago Sheriff Barred From Tampering With Backpage Funding. In plain language, the process of buying bitcoins and spending them at Backpage.com is explained. The video aims to take some of the....
Following the news that Backpage had launched a lawsuit against Chicago-area Sheriff Thomas Dart, the company has made more headway, winning a "restraining order" against the outspoken sheriff. He will no longer be able to make "de-funding" efforts against Backpage.com. Lawyers for Backpage.com are pushing to have the Sheriff rescind his letters to MasterCard and Visa, which would amount to an apology. There is no way for Backpage.com to force the credit card processing companies to start working with them again, but if the companies knew that the Sheriff's threats of legal action were....
The personal ad site Backpage has just had its payment processing terminated by both Visa and Mastercard, following termination by American Express last year. This week, a few phone calls from Chicago-area bureaucrats were enough to get Backpage officially sanctioned by nearly the entire banking establishment. Rainey Reitman, activism director at the Electronic Frontier Foundation, wrote: "We shouldn't have informal pressure from public officials forcing financial service companies into deciding which types of speech should and shouldn't be allowed. MasterCard and Visa are not supposed to....