While Washington regulators are scrambling to figure out how the hell to deal with cryptocurrencies, Rep. Jared Polis of Colorado is inviting his fellow congressmen for a hands-on demonstration of Robocoin, a bitcoin ATM.
“You are cordially invited to a demonstration of Robocoin,” says an invitation forwarded out by Mr. Polis’s office. Read More
When asked about bitcoin on CNBC’s Squawk Box on Friday, billionaire investing tycoon Warren Buffett had his answer ready to go.
“Stay away from it,” Mr. Buffett said, “it’s a mirage, basically.”
Mr. Buffett’s conclusion about bitcoin seems to be that bitcoin is just a system for “transmitting money.” He gave Read More
The man identified as the creator of Bitcoin in Leah McGrath Goodman‘s Newsweek article has issued a statement denying the entire report.
In the statement, obtained by Felix Salmon of Reuters, Dorian Satoshi Nakamoto declares, “I did not create, invent or otherwise work on Bitcoin. I unconditionally deny the Newsweek report.”
TechCrunch has gotten hold of an internal report by Goldman Sachs wherein the investment firm takes a deep look at crypto-currencies, and many are quick to call it a devastating blow to Bitcoin’s future.
The report says that bitcoin is not a real currency, and shouldn’t be trusted as a safe Read More
It seems everyone has an opinion on Newsweek‘s über-controversial story about reported Bitcoin inventor Satoshi Nakamoto.
And now, all of those dissenting opinions can accumulate in one place (we mean besides Twitter). Popular lyrical annotation site Rap Genius has posted the story, and users — including the venture capitalist Marc Andreessen — have been adding info for the last few days.
Law and Order
Bitcoin’s value plummeted 20 percent last night after a major glitch hit trading exchange Mt. Gox. [CNBC]
Google laid the ultimate body slam against Russia’s anti-gay laws as it’s about to kickoff the Winter Olympics. The search giant changed its homepage into a colorful logo with a slam at the IOC for not addressing the problems. [Verge]
The FTC approved Google’s $3.2 billion deal to buy fancy thermostat maker Nest. [Recode]
Here’s an honest version of how those Facebook “Look Back” videos should really look like. [BI]
After being snubbed by Spotify, Tesla inked a deal with Rdio to include the service in its vehicles. [GigaOM]
The alleged creator and owner of now-defunct online drug emporium the Silk Road, Russ Ulbricht, has been indicted by a Manhattan federal court.
Known by his cool guy nickname Dread Pirate Roberts, Mr. Ulbricht was arrested in his hometown of San Francisco on Oct. 1 last year pursuant to a criminal complaint filed in Manhattan federal court.
The Bitcoin magnate who was arrested at JFK earlier this week on charges of money laundering has resigned from his vice chairmanship of the Bitcoin Foundation.
Charlie Shrem, 24, was arrested on charges that he supplied Bitcoins to people purchasing drugs online using the Silk Road. Many speculate that he used his now defunct Read More
Dash goes deeper No, we don’t mean the Kardashian store. We mean the other Dash—the one that lets restaurant and bar patrons pay for their food and drinks through their phones, at designated establishments. The company has just released DASHboard, which they describe as “an iOS app for bartenders and waiters that works in conjunction with Dash—like the back-end app that Uber drivers use.” Using DASHboard, restaurants and bars can learn all sorts of strategically helpful information about their customers, like visit frequency and date of birth, so they can bring you free molten chocolate lava cakes and stuff.
Two casinos in Las Vegas are beginning to accept Bitcoin in basically everywhere that isn’t the actual casino. The D Casino and the Golden Gate, both located in downtown, announced today that it will accept the digital currency at its front desk, gift shops and buffets — just not on the casino floors.