CryptoCurrency.org

By Tim Sampson on January 03, 2014 Its a new year, which means a its time for a new revelation from National Security Agency leaker Edward Snowden. This time, documents revealed by Snowden show that the NSA is devoting significant resources toward the creation of a quantum computera theoretical device that, if achieved, could give the NSA the ability to bypass virtually every type of encryption currently in existence. READ THE FULL STORY

Its been a breakout year for Bitcoin, from wild crashes and spikes to the Silk Road saga and forward-thinking brothels, not to mention continued speculation about the identity of the cryptocurrencys mysterious inventor, known only as Satoshi Nakamoto. And while many people became familiar with the Bitcoin network over the past few months, its actually been in use since Jan. 3, 2009, when the first client debuted. READ THE FULL STORY

Visit the Defense Fund , this guy is a Hero! The 29-year-old Texan is currently sitting in a Brooklyn jail, accused of being behind the Deep Web black market known as Silk Road. According to his family, hes begun to teach yoga every evening to fellow inmates. He had a book by Iyengar outlining a 300 week course and started doing it in a glassed off room they have, in an area with some rugs, according to Ulbrichts official Facebook page. He was joined by five other inmates, and the group is slowly growing. READ THE FULL STORY

by Nermin Hajdarbegovic The Bank of Lebanon, the countrys central bank, has issued a bitcoin warning, the first such warning in the region. The warning was issued on 19th December 2013 and outlines a number of risks associated with digital currencies, many of which we are all too familiar with. The Bank warns of several risks: Read the FULL story

The Bitcoin saga took an unpleasant turn this December when Chinas central bank banned financial institutions from dealing in the virtual currency. Bitcoin was enjoying a surge of popularity in the country; by the end of November, Chinese exchanges were responsible for almost two-thirds of worldwide traffic. The central banks decision sent the currency tumbling. Last week, Indian regulators joined the fray. Preferring ominous warnings to outright prohibition, the Reserve Bank of India issued a public advisory on the dangers of Bitcoin. The meaning was clear enough. Indias largest exchange was promptly shut down, and its operator raided by local authorities. READ THE FULL STORY

London, UK (PRWEB) December 31, 2013 A lot has been promised by the emergence of the virtual currency Bitcoins. Founded and launched in 2008, Bitcoins is currently being circulated and used at a high level a number which is also likely to expand in the near future thanks to the hype and availability of this digital currency. This has further led to the origination of Bitcoin trading, which one could say is an innovative version of forex trade in which the currency at one end is Bitcoin which is traded or shorted in exchange of government regulated currencies like Dollar, Euro, etc. Bitcoins traders have thus found themselves in a need to be always updated by the latest happenings in the finance sector. This is the time when the worlds leading forex news online portal ForexMinute have also expanded its services by including a new Bitcoin News section which, like its many other news section, upgrades users with the latest activities and trends related to this new digital currency. Read the Full story

BitcoiN gets 67 new e-curriences; value grows to $13 bn USD As regulatory glare intensifies on bitcoins due to possible money laundering, cyber security and other risks, over five dozen other virtual currencies have come under the scanner and include a desi version by name of laxmicoin The total value of these 67 digital currencies in circulation over internet has reached nearly $ 13 billion (over Rs. 80,000 crore), out of which bitcoin alone accounts for over $ nine billion, according to market estimates. READ THE FULL STORY

by: Danny Lee danny.lee@scmp.com Tired of bank and PayPal charges, music teacher Zou Lunlun has embraced bitcoin to accept payment from students worldwide The cost of international banking for one small Hong Kong business has become so high that it has turned to the crypto-currency bitcoin for help in a snub to the financial system. Zou Lunlun, founder of the International Academy for Musical Arts (IAMA) in North Point, is the first business to accept and receive bitcoins as an alternative payment method for her online music lessons. She introduced the service in September. READ THE FULL STORY

Bitcoin miner Milly Bitcoin has done a little citizen letter-writing, and the results should make virtual currency miners breathe a sigh of relief. Milly Bitcoins mining company Atlantic City Bitcoin last June wrote to the U.S. Department of the Treasurys Financial Crimes Enforcement Network (FinCEN) requesting an official administrative ruling on whether ACB must register as a money transfer service. FinCEN has now replied, and the answer is no. ACB requested the ruling because there has been much confusion as to whether mining and spending the proceeds constituted a money transfer service. This may seem a ridiculous question to virtual currency aficionados, but the confusion arose because some businesses dealing in virtual currencies do indeed operate as money transfer services. Mining and spending virtual currency, however, is not a transfer service. Such was the ruling by FinCEN. READ THE FULL STORY

Goldman Sachs board member M. Michele Burns is joining the board of new bitcoin payment processor Circle Internet Financial, becoming the latest representative from the worlds of big finance and investing to show an interest in digital currency. The move represents a possible greater acceptance of bitcoin in the US in the financial mainstream, at a time when other large countries are attempting to block or caution against its use. READ THE FULL STORY

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