CoinReport has posted the details of a recent FinCEN release. FinCEN Declares Bitcoin Escrow and Cloud Mining Not Money Transmitters Posted April 30, 2014, by Ali Najjar The US Department of the Treasury’s Financial Crimes Enforcement Network has issued a release, ruling that bitcoin cloud mining services and Escrow services are not considered money transmitters. Money … Continue reading »
Author Archives: Devon Blount
Making Bitcoin Anonymous by Default
Tim Hornyak of IDG News has an update from the world of Bitcoin and efforts to avoid regulation. ‘Dark Wallet’ wants to make Bitcoin even harder to trace Posted May 1, 2014 A group of coders has launched a Bitcoin wallet that will make it more difficult to trace transactions using the digital currency. Dark … Continue reading »
Mt. Gox finds cash in the laundry
It seems that Mt. Gox, the bitcoin exchange site that recently declared bankruptcy, might be able to recoup some of those costs. After research its bitcoin wallet from 2011 and more recent, Mt. Gox has found 200,000 bitcoins in an old-format wallet. Worth about $114 million, this is only about 24% of the bitcoins that … Continue reading »
NPR breaks down Mexican Drug Cartel Functions.
How do Mexican drug cartels typically clean up dirty money? NPR discusses casas de cambio and more of recent funding shifts for the cartels in an article on March 20. Continue reading »
Global Anti-Corruption Wins the 2014 TED Prize
With a free fifteen minutes and an interest in corruption, check out this TEDTalk by Chairman Gooch, co-founder of Global Witness, which campaigns “to stop elites getting away with looting entire states, from armed factions militarising the natural resource business, and for an end to the exploitation of our environment that is destroying lives, habitats … Continue reading »