Bitcoin being outlawed is not a new thing. The new-ish digital currency had many bumps on the road since it’s inception back in 2009. One of the first that actually outlawed it, was Iceland which used an existing legislation made in 2008 to protect the local currency (Krona) against value loss. Bitcoin is illegal to …
As you may know, I’ve been doubling with HYIP Websites for the last few months. Just as the name implies, these are risky programs and are close neighbors (for the most if not the whole part) of the Ponzi Scheme. And, as it turns out, the summer months (June-July-August) are the dry and riskiest season …
I don’t know why, but somewhere on the way from mind to reality, computer games never turn out as cool as they do appear in films. It may be budget constraints, lack of technological advancement, or simply lack of imagination, but somehow the films that depict games always make them look super-cool! The photo above is …
On the regulation front, Wallstreet Journal reports that France is planning to implement new rules for financial institutions (like banks, investment houses, money exchanges, and any other possible bitcoin distributor) that will force them to collect and verify the identities of their users before opening any accounts for them to trade/buy/sell Bitcoin. These new rules …
Bitcoin is about to take a hit. It is already declining in value due to the news. The news are simple: on June 27th, the Federal Bureau of Investigations will sell the Bitcoin that’s been seized from the wallets of Ross Ulbricht who’s suspected to be the alleged “Dread Pirate Roberts”. The huge bitcoin loot amounts to …