US Bail Funds Are Seeing an Uptick in Cryptocurrency Donations

Source: YouTube user Ross Ulbricht. An update to a story recently posted on the topic of alleged Silk Road founder Ross Ulbricht. After a bail hearing on the 21st of November, the court decided to not grant Ulbricht bail. Ulbricht's lawyer, Joshua Dratel set before the court the proposition to grant $1 million bail to Ulbricht (an amount pledged by Ulbricht's family and friends). The court decided this wasn't the way to go, particularly after hearing the Manhattan federal prosecutor's case that Ulbricht would try to flee the United States before it was time for his trial. Ulbricht's family....

In what must have been the story of the 1st half of 2015, Mt. Gox faced closure and bankruptcy under the direction of Mark Karpeles following a long stint of halted cash withdrawals and the resulting lockdown of Bitcoin withdrawals. As such, it isn’t hard to imagine that he had been taken into police custody in the following months due to suspected embezzlement. According to News24 Karpeles is expected to have paid just under 90K USD or 10M Yen to the Tokyo District Court thus securing bail and has left police custody on the condition that he will not flee the country of Japan. Speculation....

Mark Karpeles, CEO of now-defunct bitcoin exchange Mt Gox has been released on bail from a detention house in Tokyo, according to a local report. A news report by local Japanese media outlet news24 has revealed that Mt Gox CEO Mark Karpeles paid ¥10 million (approximately $95k) to be released on bail from a Tokyo detention house. Karpeles has been granted bail with the condition that he prohibited from leaving Japan. This developing story will be updated.

A Sacrifice to the Cult of Fiat. The bail-in of Cyprus, when Cypriots were essentially mugged by their own government, remains a grim reminder of the fiat system's extreme dysfunction. Where families and businesses can be ruined overnight to support a corrupt banking sector, something is clearly amiss. And the problem is far from isolated to Cyprus, with bail-ins now the "template" for resolving bank failures across Europe and much of the developed world. Indeed, the EU just agreed to the creation of a central agency to administer future bail-ins. The Next Banking Shock for Cyprus... And....

One of the appealing factors in using bitcoin for transactions is the lower fees associated with it, compared to other forms of payment like credit cards or online transfers. This is why ChangeTip has been using the cryptocurrency for donations and has recently teamed up with charitable institution Direct Relief in running a fundraising campaign for prenatal care. ChangeTip was founded by Nick Sullivan with the goal of a creating truly global economy by reducing economic disparity through the efficient and open transfer of funds. This can be done through bitcoin, which minimizes....