Russia has a complicated history with Bitcoin. The debate to ban the cryptocurrency has swayed back and forth for the past several years, even threatening extremely harsh prison sentences, but things have recently taken a more supportive turn.
Bitcoin’s focus is monetary; that of the the “free staters” is geographical. Their experiences – especially their mistakes – provide a unique lesson in what happens when a libertarian endeavor becomes prominent and established… as the crypto movement is beginning to.
When computer engineer Theo Chino recently went to visit one of his favorite Bitcoin sellers in sweltering Florence, Arizona, he was forbidden to wear shorts. Trading crypto was out of the question, and, he says, so was the possession of a writing instrument. That’s because Chino’s visit occurred at the Central Arizona Detention Center, temporary home to “Morpheus Titania,” one of America’s best-known “crypto-detainees.
Marcus Hutchins to be released on bail. Abusive treatment by the federal arm delivers a clear message: you’re not on an even playing field while on US soil.
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With significant discrepancy between The DAO and virtual good-esque ICOs, we can expect the latter to be safe from the vice grip of US regulators for the foreseeable future. Entrepreneurs can still look towards ICOs as potential opportunities post the investigative report – but keep an eye out for further developments.
When the US government does get behind a blockchain initiative, the impact it will have will be tremendous. Thus, from this conference a glimpse of both immense destruction and creation on the horizon could be seen.
In 2016, North Korea made cybersecurity news again with an $81-million heist from the Bangladesh central bank. On May 17th, North Korea’s bitcoin mining operation saw a huge spike in activity. This piece discusses North Korean ventures into crypto, and its links to ransomware outbreaks and cyberheists.
It’s been a long and windy road since Bitcoin was first challenged by Kazakhstan, but the Central Asian nation finally seems to have had a change of heart
$110 million US indictment against BTC-e links back to MtGox scandal – “unplanned maintenance” looking to stretch out
In all the noise about the BTC-e shutdown and the arrest of Vinnik, the Financial Crimes Enforcement Network (FinCEN) are further showcasing the heavy-handed stance the US will take on all matters crypto. While this case may see long-awaited justice served, reading in-between the lines show implementations of an aggressive expansion of regulatory “safe guards” for crypto adopters in the US.