it's all about the bitcoin baby
Ever since the FEC decided that it was legit for congressional campaigns to take donations in Bitcoin, a few future-forward politicians have made digital currency donations part of their platform. Now that trend is making its East Coast debut in New York City’s 7th district.
Congressional candidate Jeff Kurzon will start accepting donations to his campaign in Bitcoin this week as part of his effort to unseat Congresswoman Nydia Velázquez. Jeff Kurzon is the first New York politician to accept digital currencies for a campaign, following in the footsteps of Colorado’s Jared Polis and Texas’s Steve Stockman.
Money talks, and this massive cryptocurrency funding round says that bitcoin’s reputation has bounced back quite nicely from the setbacks it suffered earlier this year.
Bitcoin processing company BitPay just secured a boatload of cash — $30 million to be exact — from investors including Virgin Group founder Sir Richard Branson.
it's all about the bitcoin baby
Rep. Jared Polis, “The Gamer Congressman,” said yesterday that he’s started accepting Bitcoin for his next reelection campaign.
“Bitcoin, and other digital currencies, are just beginning to show the world what a tremendous tool they can be,” Mr. Polis said in a release, “whether it is reducing transaction costs in developing nations, giving people more options for engaging in commerce, or sending Representatives dedicated to advancing personal freedom to Congress.”
“This is kind of a premiere for Charlie,” New York Times reporter Nathaniel Popper joked last night. “This is the first time I’ve seen you out of the house.”
Mr. Popper and former BitInstant CEO Charlie Shrem were sitting on the stage at the School of Visual Arts theatre. Mr. Shrem was arrested in January on charges of money laundering associated with his bitcoin exchange company, BitInstant. He’s currently under house arrest, but was allowed to attend last night’s panel on the documentary The Rise and Rise of Bitcoin, in which he’s a prominent character.
Filmmakers Nicholas Mross and Daniel Mross joined Mr. Shrem and Mr. Popper onstage, following a screening the documentary.
The documentary follows bitcoin magnates like Mr. Shrem, Jered Kenna of Tradehill, Gonzague Gay-Bouchery of Mt. Gox and Mike Caldwell of Casascius Coins.
It's All About the Bitcoins
Among all the people widely rumored to have created Bitcoin, Nick Szabo is the most likely possibility, says a study conducted at the Centre for Forensic Linguistics at the UK’s Aston University. Mr. Szabo is a blogger and former law school professor at George Washington University.
The “Inside Bitcoins” conference is happening in NYC this week, and a collection of investors, businessmen, programmers and hobbyists have gathered to buzz about bitcoin’s future. But the Mt. Gox fiasco and the Chinese government crackdown still weigh heavily on the community’s mind, leading many of the conversations back to one Read More
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