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
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
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. Read More
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. Read More
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