Let’s say you have £10,000. There’s no rule that says you have to invest it. In fact, many people would spend it! Why not put it under the mattress, and leave it for a rainy day? One word: Inflation. Take a look at this graph: This graph shows how what you can buy with £10,000 […]

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The Defendants Liberty Reserve S.A., Arthur Bodovsky (owner), Vladimir Kats (left the business in 2009), Ahmed Yassine Abdelghani (left the business in 2009), Allen Esteban Hidalgo Jimenez, Asseddine El Aminr, Mark Marmilev, Maxim Chukharev. The Charges 1. Conspiracy to Commit Money Laundering 2. Conspiracy to Operate Unlicensed Money Transmitting Business 3. Operation of an Unlicensed […]

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Via BitcoinMagazine One year and two months after heralding “the ultimate integration of bitcoin” into their system, the ecommerce company OKPAY has announced that it is suspending its “complete Bitcoin integration.” Read more here.

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I am sometimes asked whether Monevator is a stealth site run by Vanguard to promote its activities in the UK. Chance would be a fine thing! So far not one of the pennies collected by the Monevator Empire has sallied forth from Vanguard’s coffers, so far as I’m aware. Indeed, it’s a bit of a […]

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Thursday last week Liberty Reserve went offline. On Friday Arthur Budovsky Belanchuk, the owner, was arrested in Spain after a joint money laundering investigation by US and Costa Rican authorities. The allegations are that Liberty Reserve was financed using money from child pornography websites and drug trafficking. The Tico Times, an English newspaper in Costa […]

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