Bitcoin exchange TradeHill halts trading after its banking partner experiences “regulatory issues”. After series of Bitcoin businesses being dropped  by their banking partners earlier this year, the Internet Archive Federal Credit Union (IAFCU)  came to the rescue. The New Jersey based credit union, run by the Internet Archive, has been very friendly to the Bitcoin […]

Read More →

This week members of the Bitcoin Foundation had a series of meetings with regulators and law makers in DC. On Monday 5 Foundation members, Marco Santori, Patrick Murck, Peter Vessenes, Brian Klein and Jim Harper, met with representatives from a number of US agencies including FinCEN, IRS, FDIC, Federal Reserve, OCC, FBI, DEA, Secret Service, […]

Read More →

Frank Schaeffler, a member of German parliament’s Finance Committee has issued a statement recognizing Bitcoin as “Rechnungseinheiten,” which translates to “units of account”.  Many news sources are reporting that this makes Bitcoin ‘private money’  or ‘legal tender’   in Germany. But what exactly does the designation of “Rechnungseinheiten” mean for German Bitcoin users and businesses? Via Pymnts.com … […]

Read More →

Second Quarter 2013 in summary Gold jewellery demand rises 37% in Q2 2013, led by Indian and Chinese consumers Lower gold prices generated a surge in global jewellery demand to 575.5t, the highest volume for five years. In value terms demand was 20% higher than Q2 2012. Sizeable ETF outflows countered by record bar and […]

Read More →

First NY, then the House and now the Senate, US regulators are turning their attention to virtual currencies. On Monday the US Senate Committee on Homeland Security & Governmental Affairs sent a letter to Homeland Security for information on any policies, procedures or guidance they have that pertains to “virtual currencies”. The letter states the […]

Read More →