Costa Rica Might Be the Next Country to Establish Bitcoin as Regulated Currency
Costa Rica could be one of the next countries to adopt bitcoin as a regulated payment method. This week, Congresswoman Johana Obando introduced a bill to allow bitcoin and other cryptocurrencies to serve as a form of payment. The bill also proposes that traditional banking institutions be able to serve as crypto exchanges, including custody and wallet services for their customers. Costa Rica to Regulate Cryptocurrency Costa Rica could be on the path to integrating bitcoin as part of its economy. This week, congresswoman Johana Obando introduced a bill that seeks to approve bitcoin and....
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Liberty Reserve, a Costa Rica-based private currency exchange with its own digital currency, has shut down around the same time its founder has been arrested in connection with a money laundering investigation. Arthur Budovsky, the exchange's founder, was arrested Friday in Spain, according to the Costa Rican newspaper The Tico Times. The paper reported that the money laundering investigation was a joint operation between authorities in the US and Costa Rica. (This YouTube video, posted Saturday, features a Costa Rican prosecutor discussing the investigation.) It added that US authorities....
This amazing painting comes to our attention via /u/coolboy666 of Reddit. Check out the original thread here. I wish that I could purchase this painting myself, but it seems it already has an owner. If the buyer, seller, or artist would like to step forward and provide any further information, please comment. Have a cryptic day, mis amigos. Recently sighted in a Hotel in Costa Rica
Liberty Reserve, one of the more popular alternative payment processors for the USD and Euro, has been shut down and its owner, Arthur Budovsky, arrested in Spain as part of a joint money laundering investigation by police in the United States and Costa Rica. Budovsky had been arrested before in 2006, when he and Vladimir Kats were arrested for operating Gold Age, a digital currency exchanger which the US federal government deemed to be a money transmitting business, without a license. However, they received probation, and Budovsky continued to operate Liberty Reserve. This time, the....
Green energy powers most of Bitcoin mining and the world might as well face it. And the rest of the cryptocurrencies that use Proof-Of-Work might be right behind, because they follow the same incentives. In their quest for cheaper energy sources, they all reach the same conclusion. Humanity is wasting renewable energy all over the world. And wasted energy is the cheapest of them all. In today’s story, a hydropower plant that had to pause operations for nine months found cryptocurrency mining and got the dream client they needed. Reuters gives us the prelude to the story: “The plant was....
The legendary Mircea Popescu is allegedly dead. It’s rumored that, besides Satoshi Nakamoto, he was the only bitcoin millionaire. He started that rumor. Where are those coins and what will happen to them? The news of his death arrived via news reports from Costa Rica, his country of residence. This article says, “A 41 year […]