Month: May 2013

History: BitcoinATM Demonstration

In a riveting talk, CEO/President Evan Rose walked the audience through two transactions: Cash-in and cash-out. In what would represent the first hardware that undeniably brings Bitcoin to mainstreet, the CEO discussed ways in which the spreading of Bitcoin could be achieved through the BitcoinATM. Watch history in the making below:

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Government Will Be As Successful At Regulating Bitcoin As Its Been With File Sharing

“If you guys want to be a shill for the financial industry and support a shadow currency that people use to purchase drugs and money with—have a party, man. My job is a regulator; I’m going to look after it.” said CFTC commission Bart Chilton to a group of CNBC television hosts, evidencing his dim worldview. Read More

Commercials Banks Seeking To Compete With Bitcoin?

With Bitcoin having thrown the fits-and-spasms of history on its head, commercial banks are now taking a route other than straightforward co-option in favor of creating their own virtual money.

With individuals all over the world seeing the utility in the low cost of international Bitcoin transfers, some commercial banks want to compete with Bitcoin, according to Kirk Hope, the chief executive officer of the New Zealand Banker’s Association in an e-mailed transcript of an interview with TVNZ television. Read More

PayPal, Western Union & Others Look To Clinch Bitcoin Market

The Money Transmitters – that is, those with the licenses to transfer value – have garnered quite a bit of attention with their public interest in offering Bitcoin services.

Their sudden interest, of course, comes from the power of a law on their side. Bills across the entirety of North America, for instance, dictate that many new Bitcoin-startups are unable to enter into the market cleanly.

Instead, in that space, some of the world’s biggest corporations not only have interest, but have the licenses needed to be a money transmitter. Read More