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Patrick Ulrich

Patrick Ulrich 

Baseball fan, technology addict, political junkie

Occupation: Bitcoin and Mobile Communications Enthusiast

Followers: 8,159

Cream of the Crop: 11/11/2015

Added to CircleCount.com: 03/03/2012That's the date, where Patrick Ulrich has been indexed by CircleCount.com.
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Google Play9,890,769Join us for a special Google Play hangout with hip hop's biggest newcomer, +Kendrick Lamar (http://goo.gl/s66EK) on Wednesday, March 13. Lamar will be live from Austin's South by Southwest Festival to open up to fans about how a kid from Compton came up through the ranks to create one of 2012's most acclaimed albums, _good kid, m.A.A.d city_. Leave your questions for Kendrick using #kendricklamarhangout for a chance to have it answered on air. #kendricklamarhangout #kendricklamar #gkmc #poeticjustice #sxsw   *About the Hangout* +Kendrick Lamar was a kid growing up in Compton in the 1990s, trying to stay out of trouble. By 16, he'd recorded his first mixtape, under the name K. Dot. 2012's good kid, m.A.A.d city, Lamar's major label debut album, is a sprawling masterpiece of technical rapping and structured storytelling that defies and expands the conventions of his genre.Google Play presents: Kendrick Lamar2013-03-13 12:30:003146  

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Average numbers for the latest posts (max. 50 posts, posted within the last 4 weeks)

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Top posts in the last 50 posts

Most comments: 61

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2017-02-12 00:06:27 (61 comments; 8 reshares; 65 +1s; )Open 

Better Bitcoin Privacy, Scalability: Developers Making TumbleBit a Reality

TumbleBit is probably one of the most promising technological advancements built on top of Bitcoin to date. Not only does it offer one of the best — if not the best — privacy related innovations so far, it can also provide significant scaling benefits as a payment hub. The solution is also fully compatible with the current Bitcoin protocol and, most important, it is in an advanced stage of development.

“The prospect is good that before summer we will have software that regular users can safely use,” one of TumbleBit’s inventors, Ethan Heilman, told Bitcoin Magazine.

Most reshares: 19

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2017-01-02 04:01:02 (54 comments; 19 reshares; 139 +1s; )Open 

Bitcoin Price Breaks Psychological Barrier of $1,000

Bitcoin’s price has crossed over $1,000 once again.

After rising to a high of $1,242 in November of 2013, Bitcoin’s price then receded down over the following years to start 2016 at around $435. It quickly rose to $789 in mid-June but again settled back in around $600 until spiking up in November. That spike has since led to a steady rise leaving the price just shy of $1,000 until today.

Most plusones: 139

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2017-01-02 04:01:02 (54 comments; 19 reshares; 139 +1s; )Open 

Bitcoin Price Breaks Psychological Barrier of $1,000

Bitcoin’s price has crossed over $1,000 once again.

After rising to a high of $1,242 in November of 2013, Bitcoin’s price then receded down over the following years to start 2016 at around $435. It quickly rose to $789 in mid-June but again settled back in around $600 until spiking up in November. That spike has since led to a steady rise leaving the price just shy of $1,000 until today.

Latest 50 posts

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2017-02-24 00:23:33 (18 comments; 8 reshares; 60 +1s; )Open 

Bitcoin Price Sets New All-Time High

The price of bitcoin has reached a new all-time high.

Bitcoin prices hit a high of $1,172.09, according to the CoinDesk Bitcoin Price Index (BPI) – surpassing a level first set more than three years ago in November 2013, when the BPI reported an average price high of $1,165.89.

The move followed a morning of price gains, coming amid the longest period ever in which bitcoin's value has stayed above $1,000.

Bitcoin Price Sets New All-Time High

The price of bitcoin has reached a new all-time high.

Bitcoin prices hit a high of $1,172.09, according to the CoinDesk Bitcoin Price Index (BPI) – surpassing a level first set more than three years ago in November 2013, when the BPI reported an average price high of $1,165.89.

The move followed a morning of price gains, coming amid the longest period ever in which bitcoin's value has stayed above $1,000.___

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2017-02-12 00:06:27 (61 comments; 8 reshares; 65 +1s; )Open 

Better Bitcoin Privacy, Scalability: Developers Making TumbleBit a Reality

TumbleBit is probably one of the most promising technological advancements built on top of Bitcoin to date. Not only does it offer one of the best — if not the best — privacy related innovations so far, it can also provide significant scaling benefits as a payment hub. The solution is also fully compatible with the current Bitcoin protocol and, most important, it is in an advanced stage of development.

“The prospect is good that before summer we will have software that regular users can safely use,” one of TumbleBit’s inventors, Ethan Heilman, told Bitcoin Magazine.

Better Bitcoin Privacy, Scalability: Developers Making TumbleBit a Reality

TumbleBit is probably one of the most promising technological advancements built on top of Bitcoin to date. Not only does it offer one of the best — if not the best — privacy related innovations so far, it can also provide significant scaling benefits as a payment hub. The solution is also fully compatible with the current Bitcoin protocol and, most important, it is in an advanced stage of development.

“The prospect is good that before summer we will have software that regular users can safely use,” one of TumbleBit’s inventors, Ethan Heilman, told Bitcoin Magazine.___

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2017-02-11 20:13:49 (1 comments; 3 reshares; 23 +1s; )Open 

Illinois Legislator Calls for Blockchain Working Group

A draft resolution submitted to the Illinois legislature has proposed the creation of a working group dedicated to blockchain technology.

House Resolution 120, filed on Wednesday by state representative Michael Zalewski, would establish a 12-person group focused on researching the tech. Public records show that the resolution has been referred to the House Rules Committee for consideration.

At its heart, the draft calls for Illinois to investigate how state and local-level governments can utilize blockchain – work that is already being done, in a way, by a consortium of government agencies in the state. State officials have also developed a regulatory framework for businesses looking to work with digital currencies like bitcoin.

The resolution states:

"...the Illinois LegislativeBlo... more »

Illinois Legislator Calls for Blockchain Working Group

A draft resolution submitted to the Illinois legislature has proposed the creation of a working group dedicated to blockchain technology.

House Resolution 120, filed on Wednesday by state representative Michael Zalewski, would establish a 12-person group focused on researching the tech. Public records show that the resolution has been referred to the House Rules Committee for consideration.

At its heart, the draft calls for Illinois to investigate how state and local-level governments can utilize blockchain – work that is already being done, in a way, by a consortium of government agencies in the state. State officials have also developed a regulatory framework for businesses looking to work with digital currencies like bitcoin.

The resolution states:

"...the Illinois Legislative Blockchain and Distributed Ledger Task Force [will] study how and if State, county, and municipal governments can benefit from a transition to a blockchain based system for recordkeeping and service delivery…"___

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2017-02-11 20:08:38 (4 comments; 5 reshares; 29 +1s; )Open 

Leading Indian Bitcoin Exchanges Form Association, Aim at Self-Regulation

Leading Indian Bitcoin exchanges including Zebpay, Unocoin and Coinsecure have formed an industry-wide organization called the Blockchain and Virtual Currency Association of India.

Earlier this month, the Reserve Bank of India (RBI) released a document designed to warn users against Bitcoin and its apparent risk. The RBI suggested users to actively look into the risk and unpredictability of Bitcoin trading before they initiate in any activities involving Bitcoin or other digital currencies.

Saurabh Agarwal, co-founder of Bitcoin trading and wallet company Zebpay stated:

“While we have been planning to create an association for some time, we finally pushed things after the circular.”

Leading Indian Bitcoin Exchanges Form Association, Aim at Self-Regulation

Leading Indian Bitcoin exchanges including Zebpay, Unocoin and Coinsecure have formed an industry-wide organization called the Blockchain and Virtual Currency Association of India.

Earlier this month, the Reserve Bank of India (RBI) released a document designed to warn users against Bitcoin and its apparent risk. The RBI suggested users to actively look into the risk and unpredictability of Bitcoin trading before they initiate in any activities involving Bitcoin or other digital currencies.

Saurabh Agarwal, co-founder of Bitcoin trading and wallet company Zebpay stated:

“While we have been planning to create an association for some time, we finally pushed things after the circular.”___

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2017-02-11 17:44:12 (2 comments; 1 reshares; 15 +1s; )Open 

Winklevoss Bitcoin ETF Offering Expands to $100 Million

New documents filed for the bitcoin exchange traded fund (ETF) sought by investors Cameron and Tyler Winklevoss reveal that the size of the offering has grown to $100m.

The years-long effort – delayed more than once by the US Securities and Exchange Commission (SEC) – is aimed at providing a means for investors to gain exposure to bitcoin without actually having to buy the digital currency.

The SEC is expected to make a decision on the Winklevoss Bitcoin ETF later this year, with its self-imposed deadline of 11th March inching closer. Speculation around the approval is such that at least one exchange has moved to offer a prediction market, letting traders bet on the possible outcome.

Winklevoss Bitcoin ETF Offering Expands to $100 Million

New documents filed for the bitcoin exchange traded fund (ETF) sought by investors Cameron and Tyler Winklevoss reveal that the size of the offering has grown to $100m.

The years-long effort – delayed more than once by the US Securities and Exchange Commission (SEC) – is aimed at providing a means for investors to gain exposure to bitcoin without actually having to buy the digital currency.

The SEC is expected to make a decision on the Winklevoss Bitcoin ETF later this year, with its self-imposed deadline of 11th March inching closer. Speculation around the approval is such that at least one exchange has moved to offer a prediction market, letting traders bet on the possible outcome.___

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2017-02-11 17:31:22 (2 comments; 4 reshares; 24 +1s; )Open 

Two of China's Biggest Exchanges Stop Bitcoin Withdrawals

Two of China's most widely used bitcoin exchanges have announced that they will suspend bitcoin and litecoin withdrawals for one month effective immediately.

Yuan recharge, withdrawals and other services will not be affected, the exchanges said.

In public posts that showcase the increasingly coordinated nature of exchange policy in the region, both OKCoin and Huobi said today that the move was a bid to bolster their anti-money laundering (AML) capabilities and prevent "illegal transactions". In the case of OKCoin, only it's OKCoin.cn portal is affected.

Both OKCoin and Huobi indicated that their platforms would now go through an “upgrade” to combat “money laundering, exchange, pyramid schemes and other illegal activities”, though no further details wereprovided.... more »

Two of China's Biggest Exchanges Stop Bitcoin Withdrawals

Two of China's most widely used bitcoin exchanges have announced that they will suspend bitcoin and litecoin withdrawals for one month effective immediately.

Yuan recharge, withdrawals and other services will not be affected, the exchanges said.

In public posts that showcase the increasingly coordinated nature of exchange policy in the region, both OKCoin and Huobi said today that the move was a bid to bolster their anti-money laundering (AML) capabilities and prevent "illegal transactions". In the case of OKCoin, only it's OKCoin.cn portal is affected.

Both OKCoin and Huobi indicated that their platforms would now go through an “upgrade” to combat “money laundering, exchange, pyramid schemes and other illegal activities”, though no further details were provided.___

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2017-02-09 10:36:17 (18 comments; 14 reshares; 44 +1s; )Open 

Georgia Becomes First Country to Register Property on Blockchain

On Tuesday, in Tbilisi, the government of Georgia signed an agreement to use the Bitcoin Blockchain to verify property transactions.

Last April, the Georgian government and Bitcoin company BitFury initiated a project to record land titles on the Blockchain.

This is the first time a national government is using the Blockchain to safeguard and authenticate state operations, therefore ushering in a belief in the technology that has wrongfully been painted black.

Georgia Becomes First Country to Register Property on Blockchain

On Tuesday, in Tbilisi, the government of Georgia signed an agreement to use the Bitcoin Blockchain to verify property transactions.

Last April, the Georgian government and Bitcoin company BitFury initiated a project to record land titles on the Blockchain.

This is the first time a national government is using the Blockchain to safeguard and authenticate state operations, therefore ushering in a belief in the technology that has wrongfully been painted black.___

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2017-02-09 10:31:54 (2 comments; 4 reshares; 15 +1s; )Open 

The U.S. Postal Service Seeks Bitcoin Experts to Counter Darknet Markets

It appears the United States Postal Service is determined not to be the courier of choice for drug dealers any longer.

Judging by a recent job listing sent to the information security community, the United States Postal Inspection Service (USPIS) — the law enforcement arm of the U.S. Postal Service (USPS) — wants to sniff out users of darknet markets that send their packages by mail. Applicants for the job, listed as “Investigative (Internet) Analyst”, are expected to know their way around bitcoin — the currency of choice on the darkweb — a as well as other tools typically used by darknets, like Tor.

Although the job listing doesn’t appear to be published online any more, according toDeep Dot Web the USPIS is specifically looking for applicants able to unmask pseudonymous usersof dark net marke... more »

The U.S. Postal Service Seeks Bitcoin Experts to Counter Darknet Markets

It appears the United States Postal Service is determined not to be the courier of choice for drug dealers any longer.

Judging by a recent job listing sent to the information security community, the United States Postal Inspection Service (USPIS) — the law enforcement arm of the U.S. Postal Service (USPS) — wants to sniff out users of darknet markets that send their packages by mail. Applicants for the job, listed as “Investigative (Internet) Analyst”, are expected to know their way around bitcoin — the currency of choice on the darkweb — a as well as other tools typically used by darknets, like Tor.

Although the job listing doesn’t appear to be published online any more, according toDeep Dot Web the USPIS is specifically looking for applicants able to unmask pseudonymous users of dark net markets:

“Candidates shall be capable of performing a prioritized assessment of the data to identify the most critical and reliable data in order to identify bitcoins, locations, accounts, services, travels, email addresses, IP addresses and other pattern of life data in an effort to determine physical attribution of an Internet identity.”___

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2017-02-09 10:26:03 (0 comments; 0 reshares; 17 +1s; )Open 

You Can Now Bet Bitcoin on Whether the Winklevoss ETF Will Go Live

A new prediction market is targeting one of the industry's biggest unanswered questions.

Announced today, leveraged bitcoin trading platform BitMEX has launched a prediction futures contract that it says will allow traders to bet on whether the SEC will approve the Winklevoss Bitcoin Trust ETF, the long-awaited US public investment vehicle that would offer exposure to the digital currency.

The Hong-Kong based exchange has made this market available at a time when the speculation surrounding the potential approval of this bitcoin ETF has generated significant visibility.

First filed in 2014 by investors Cameron and Tyler Winklevoss, the SEC has repeatedly kicked the can down the road on a decision about its launch, a move that has set up its final deadline on 11th March.

You Can Now Bet Bitcoin on Whether the Winklevoss ETF Will Go Live

A new prediction market is targeting one of the industry's biggest unanswered questions.

Announced today, leveraged bitcoin trading platform BitMEX has launched a prediction futures contract that it says will allow traders to bet on whether the SEC will approve the Winklevoss Bitcoin Trust ETF, the long-awaited US public investment vehicle that would offer exposure to the digital currency.

The Hong-Kong based exchange has made this market available at a time when the speculation surrounding the potential approval of this bitcoin ETF has generated significant visibility.

First filed in 2014 by investors Cameron and Tyler Winklevoss, the SEC has repeatedly kicked the can down the road on a decision about its launch, a move that has set up its final deadline on 11th March.___

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2017-02-09 10:23:45 (6 comments; 4 reshares; 18 +1s; )Open 

China's Central Bank Issues New Warning to Bitcoin Exchanges

The People's Bank of China issued a new statement today in which it laid out in writing the warning it issued to nine domestic startups in a meeting yesterday.

The post, issued via the central bank’s website, confirmed rumors that circulated yesterday suggesting that the new meetings were broader than ones held earlier in the month, including a number of lesser-known bitcoin and cryptocurrency exchanges.

Perhaps most notably, the PBOC indicated it has issued specific directives to the businesses, reiterating that the platforms must enforce anti-money laundering (AML) and foreign exchange regulations.

China's Central Bank Issues New Warning to Bitcoin Exchanges

The People's Bank of China issued a new statement today in which it laid out in writing the warning it issued to nine domestic startups in a meeting yesterday.

The post, issued via the central bank’s website, confirmed rumors that circulated yesterday suggesting that the new meetings were broader than ones held earlier in the month, including a number of lesser-known bitcoin and cryptocurrency exchanges.

Perhaps most notably, the PBOC indicated it has issued specific directives to the businesses, reiterating that the platforms must enforce anti-money laundering (AML) and foreign exchange regulations.___

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2017-02-07 22:40:01 (3 comments; 8 reshares; 31 +1s; )Open 

Venezuela Seems to Be Cracking Down on Bitcoin

It appears that the Venezuelan authorities have had enough of Bitcoin. Over the past two weeks, police in the Latin American country arrested eight Bitcoin miners in three different cities. While some of them were accused of cybercrime and stealing energy, others were merely selling ASIC hardware. In addition to that, the country’s main exchange — Surbitcoin — had to halt operations, as the company’s bank closed their account.

While the country’s economy is in a state of turmoil, and the national currency — the bolivar — has been in hyperinflationary free fall for some time, the socialist regime in the Latin American country subsidizes electricity to the point where it’s almost free. As covered in a popular article published onreason.com last November, this has made Bitcoin mining popular among some tech-savvyVenezuelans. Even yi... more »

Venezuela Seems to Be Cracking Down on Bitcoin

It appears that the Venezuelan authorities have had enough of Bitcoin. Over the past two weeks, police in the Latin American country arrested eight Bitcoin miners in three different cities. While some of them were accused of cybercrime and stealing energy, others were merely selling ASIC hardware. In addition to that, the country’s main exchange — Surbitcoin — had to halt operations, as the company’s bank closed their account.

While the country’s economy is in a state of turmoil, and the national currency — the bolivar — has been in hyperinflationary free fall for some time, the socialist regime in the Latin American country subsidizes electricity to the point where it’s almost free. As covered in a popular article published onreason.com last November, this has made Bitcoin mining popular among some tech-savvy Venezuelans. Even yields from older, secondhand hardware can provide a lifeline to order food products and medicines from outside of the country.

There is no official law against Bitcoin mining in Venezuela, and using the digital currency is legal too: travel agency Destiniaeven decided to ditch the bolivar andexclusively accept bitcoin. Regardless, as the country has been plagued by scarce electricity and regular blackouts, it appears that (ab)using the cheap energy for the purpose of Bitcoin mining does not go down well with local authorities.___

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2017-02-07 22:07:37 (3 comments; 5 reshares; 22 +1s; )Open 

Arizona Bill Would Make Blockchain Smart Contracts 'Legal'

An Arizona legislator wants to amend state law to account for blockchain signatures and smart contracts, public records show.

HB 2417, introduced on 6th February, would make a signature enshrined on a blockchain a legal signature under Arizona law. Conversely, any "record or contract" secured by a blockchain would be "considered to be in an electronic format and to be an electronic record". The bill was put forward by state representative Jeff Weninger.

Notably, the bill’s language also explicitly accounts for the use of smart contracts, or self-executing agreements built on top of a blockchain.

Arizona Bill Would Make Blockchain Smart Contracts 'Legal'

An Arizona legislator wants to amend state law to account for blockchain signatures and smart contracts, public records show.

HB 2417, introduced on 6th February, would make a signature enshrined on a blockchain a legal signature under Arizona law. Conversely, any "record or contract" secured by a blockchain would be "considered to be in an electronic format and to be an electronic record". The bill was put forward by state representative Jeff Weninger.

Notably, the bill’s language also explicitly accounts for the use of smart contracts, or self-executing agreements built on top of a blockchain.___

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2017-02-07 14:21:08 (0 comments; 3 reshares; 35 +1s; )Open 

Bitcoin's Price is Back Within $100 of its 2017 High

The price of bitcoin keeps creeping higher.

Bolstered by buoyed sentiment (and the increasing unlikelihood that China’s central bank will again step in and correct the market), bitcoin breached $1,050 at 13:00 UTC amid a near-3% increase for the day so far.

The total marked the highest point observed on the CoinDesk Bitcoin Price Index (BPI) since 6th January, just a day after the price dropped nearly $200 within hours of hovering near all-time highs set in late 2013 (a move that was widely attributed to the widespread use of market leverage).

Bitcoin's Price is Back Within $100 of its 2017 High

The price of bitcoin keeps creeping higher.

Bolstered by buoyed sentiment (and the increasing unlikelihood that China’s central bank will again step in and correct the market), bitcoin breached $1,050 at 13:00 UTC amid a near-3% increase for the day so far.

The total marked the highest point observed on the CoinDesk Bitcoin Price Index (BPI) since 6th January, just a day after the price dropped nearly $200 within hours of hovering near all-time highs set in late 2013 (a move that was widely attributed to the widespread use of market leverage).___

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2017-02-07 01:16:22 (6 comments; 2 reshares; 29 +1s; )Open 

North Dakota Legislators Advance Plan for Bitcoin Regulation

Legislators in North Dakota are quietly, but quickly, advancing a measure to study how the state should approach regulating digital currencies like bitcoin.

Public records show that at the end of last year, the North Dakota Senate’s Industry, Business and Labor Committee Committee put forward Bill 2100, which included language for a report on the feasibility of regulating bitcoin. The bill was introduced at the request of the state’s Department of Financial Institutions, the chief finance regulator for the state.

The measure was passed unanimously in the Senate on 12th January with 46 votes. The legislature’s lower chamber has since taken up the bill, though no hearings have been scheduled as of yet. However, the rapid pace in the Senate suggests that the study is likely to be approved oncerepresent... more »

North Dakota Legislators Advance Plan for Bitcoin Regulation

Legislators in North Dakota are quietly, but quickly, advancing a measure to study how the state should approach regulating digital currencies like bitcoin.

Public records show that at the end of last year, the North Dakota Senate’s Industry, Business and Labor Committee Committee put forward Bill 2100, which included language for a report on the feasibility of regulating bitcoin. The bill was introduced at the request of the state’s Department of Financial Institutions, the chief finance regulator for the state.

The measure was passed unanimously in the Senate on 12th January with 46 votes. The legislature’s lower chamber has since taken up the bill, though no hearings have been scheduled as of yet. However, the rapid pace in the Senate suggests that the study is likely to be approved once representatives put the measure to a vote.

If passed and signed by Gov. Doug Burgum, the study would put North Dakota on the path to introducing specific regulations for digital currencies.___

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2017-02-07 01:08:51 (4 comments; 3 reshares; 29 +1s; )Open 

A Town in Illinois Just Announced It's Holding a Bitcoin Sale

A small town located outside of Chicago is about to sell some bitcoins.

The village of Vernon Hills, Illinois, is currently in possession of roughly $10,000 worth of the digital currency, according to The Chicago Tribune. That amount, seized last year during a criminal drug investigation by local police and federal agencies, is set to be sold off in the days ahead. Local officials approved a plan to use Coinbase to sell the confiscated coins during a town meeting on 24th January.

While not as flashy as one of the US Marshals’ bitcoin auctions or the $19m worth sold in Australia last year, the Vernon Hills story illustrates the questions local jurisdictions face when coming into possession of bitcoin following a criminal investigation. The village has a population of about 25,000 people,according... more »

A Town in Illinois Just Announced It's Holding a Bitcoin Sale

A small town located outside of Chicago is about to sell some bitcoins.

The village of Vernon Hills, Illinois, is currently in possession of roughly $10,000 worth of the digital currency, according to The Chicago Tribune. That amount, seized last year during a criminal drug investigation by local police and federal agencies, is set to be sold off in the days ahead. Local officials approved a plan to use Coinbase to sell the confiscated coins during a town meeting on 24th January.

While not as flashy as one of the US Marshals’ bitcoin auctions or the $19m worth sold in Australia last year, the Vernon Hills story illustrates the questions local jurisdictions face when coming into possession of bitcoin following a criminal investigation. The village has a population of about 25,000 people, according to US Census data.___

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2017-02-06 21:47:01 (2 comments; 3 reshares; 28 +1s; )Open 

Bitcoin Hardware Wallet Trezor Adds Support For Ethereum Users

Trezor, a prominent bitcoin hardware manufacturer, officially introduced support for Ethereum users by integrating MyEtherWallet into TREZOR hardware infrastructure.

MyEtherWallet is an open-source and client-side Ether wallet which allows Ethereum users to store the digital currency within a secure and non-custodial platform. Similar to bitcoin wallets like Blockchain and Electrum, MyEtherWallet doesn’t have any control and authority over user accounts, private keys and passwords, providing maximum privacy and security to its users.

The non-custodial nature of MyEtherWallet eliminates the possibility of hackers or cybercriminals breaching the platform to steal user funds or private keys.

Bitcoin Hardware Wallet Trezor Adds Support For Ethereum Users

Trezor, a prominent bitcoin hardware manufacturer, officially introduced support for Ethereum users by integrating MyEtherWallet into TREZOR hardware infrastructure.

MyEtherWallet is an open-source and client-side Ether wallet which allows Ethereum users to store the digital currency within a secure and non-custodial platform. Similar to bitcoin wallets like Blockchain and Electrum, MyEtherWallet doesn’t have any control and authority over user accounts, private keys and passwords, providing maximum privacy and security to its users.

The non-custodial nature of MyEtherWallet eliminates the possibility of hackers or cybercriminals breaching the platform to steal user funds or private keys.___

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2017-02-06 21:43:17 (0 comments; 1 reshares; 23 +1s; )Open 

Dash Releases Software Upgrade in Sweeping Redesign

Labeling it “its largest software upgrade ever”, Dash has released version 12.1, codenamed Sentinel, today. The anticipated update sets to path a wider redesign of Dash in its advent toward unveiling ‘Evolution’ a decentralized payments system and marketplace that Dash says will compete with the likes of PayPal and Venmo.

The latest network upgrade, Dash adds, will feature improvements to backend protocols, voting functions and privacy features and governance.

Ryan Taylor, director of finance at Dash stated:

We vastly improved the speed of our end user privacy features, improved access to information on the network’s budget and voting system, and created a much more stable and robust governance system that enables changes to network without requiring additional software upgrades.

Dash Releases Software Upgrade in Sweeping Redesign

Labeling it “its largest software upgrade ever”, Dash has released version 12.1, codenamed Sentinel, today. The anticipated update sets to path a wider redesign of Dash in its advent toward unveiling ‘Evolution’ a decentralized payments system and marketplace that Dash says will compete with the likes of PayPal and Venmo.

The latest network upgrade, Dash adds, will feature improvements to backend protocols, voting functions and privacy features and governance.

Ryan Taylor, director of finance at Dash stated:

We vastly improved the speed of our end user privacy features, improved access to information on the network’s budget and voting system, and created a much more stable and robust governance system that enables changes to network without requiring additional software upgrades.___

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2017-02-02 05:48:40 (55 comments; 7 reshares; 49 +1s; )Open 

UAE Central Bank: We Are Not Banning Bitcoin

The Central Bank of the United Arab Emirates (UAE) has clarified past statements about a prohibition on “virtual currencies”, confirming that new rules released last month don’t apply to bitcoin.

As reported by CoinDesk at the time, the UAE central bank released a digital payments framework on 1st January. That policy document included the stipulation that "all virtual currencies (and any transactions thereof) are prohibited", prompting questions about both the definition of "virtual currency" the central bank was relying on as well as the exact scope and nature of the ostensible prohibition.

New comments suggest that, at least for now, the central bank isn’t taking any action on bitcoin or other digital currencies.

UAE Central Bank: We Are Not Banning Bitcoin

The Central Bank of the United Arab Emirates (UAE) has clarified past statements about a prohibition on “virtual currencies”, confirming that new rules released last month don’t apply to bitcoin.

As reported by CoinDesk at the time, the UAE central bank released a digital payments framework on 1st January. That policy document included the stipulation that "all virtual currencies (and any transactions thereof) are prohibited", prompting questions about both the definition of "virtual currency" the central bank was relying on as well as the exact scope and nature of the ostensible prohibition.

New comments suggest that, at least for now, the central bank isn’t taking any action on bitcoin or other digital currencies.___

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2017-02-01 14:12:40 (5 comments; 0 reshares; 17 +1s; )Open 

A New Version of OpenBazaar is Just Months Away

A new version of the distributed e-commerce platform OpenBazaar could be released in a matter of months, according to members of its senior development team.

Speaking at CoinDesk's Construct 2017 conference in San Francisco yesterday, CEO Brian Hoffman and senior developer Chris Pacia revealed new details about both the project's user traction and the features that will be built into upcoming version, dubbed OpenBazaar 2.0.

In remarks, the developers said they plan to integrate the InterPlanetary File System (IPFS) to boost store uptime, improve dispute resolution and inventory management, and bolster third-party search, while offering online store support, offline purchases and Tor integration.

Ultimately, Hoffman offered an optimistic outline of the usability of the platform, which opened touser... more »

A New Version of OpenBazaar is Just Months Away

A new version of the distributed e-commerce platform OpenBazaar could be released in a matter of months, according to members of its senior development team.

Speaking at CoinDesk's Construct 2017 conference in San Francisco yesterday, CEO Brian Hoffman and senior developer Chris Pacia revealed new details about both the project's user traction and the features that will be built into upcoming version, dubbed OpenBazaar 2.0.

In remarks, the developers said they plan to integrate the InterPlanetary File System (IPFS) to boost store uptime, improve dispute resolution and inventory management, and bolster third-party search, while offering online store support, offline purchases and Tor integration.

Ultimately, Hoffman offered an optimistic outline of the usability of the platform, which opened to users in April 2016.___

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2017-02-01 04:21:58 (4 comments; 4 reshares; 30 +1s; )Open 

Bitcoin Price Breaks Sleepy Spell to Jump Above $950

Bitcoin prices are up more than 3% since the start of the day’s trading, climbing above $950 for the first time in weeks.

The average price hit a high of $959.37 from an open of $920.24, according to the CoinDesk Bitcoin Price Index (BPI). BPI data shows that the price of bitcoin hasn’t exceed $950 since 6th January.

The rise above $950 came after several days of relatively stable trading, in which the price of bitcoin ranged between roughly $910 and $922, according to trading data.

At press time, the average price of bitcoin is $956.32.

Bitcoin Price Breaks Sleepy Spell to Jump Above $950

Bitcoin prices are up more than 3% since the start of the day’s trading, climbing above $950 for the first time in weeks.

The average price hit a high of $959.37 from an open of $920.24, according to the CoinDesk Bitcoin Price Index (BPI). BPI data shows that the price of bitcoin hasn’t exceed $950 since 6th January.

The rise above $950 came after several days of relatively stable trading, in which the price of bitcoin ranged between roughly $910 and $922, according to trading data.

At press time, the average price of bitcoin is $956.32.___

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2017-02-01 04:18:31 (5 comments; 1 reshares; 16 +1s; )Open 

The FBI is Worried Criminals Might Use the Private Cryptocurrency Monero

The privacy-focused digital currency monero has captured the attention of the Federal Bureau of Investigation (FBI), which has expressed concerns over its use among criminals.

Joseph Battaglia, a special agent working at the FBI’s Cyber Division in New York City, said during an event last week that widespread use of the increasingly popular cryptocurrency might impact the way the agency conducts investigations.

Addressing a group of about 150 law students at New York's Fordham University, he said:

"There are obviously going to be issues if some of the more difficult to work with cryptocurrencies become popular. Monero is one that comes to mind, where its not very obvious what the transaction path is or what the actual value of the transaction is except to the enduser... more »

The FBI is Worried Criminals Might Use the Private Cryptocurrency Monero

The privacy-focused digital currency monero has captured the attention of the Federal Bureau of Investigation (FBI), which has expressed concerns over its use among criminals.

Joseph Battaglia, a special agent working at the FBI’s Cyber Division in New York City, said during an event last week that widespread use of the increasingly popular cryptocurrency might impact the way the agency conducts investigations.

Addressing a group of about 150 law students at New York's Fordham University, he said:

"There are obviously going to be issues if some of the more difficult to work with cryptocurrencies become popular. Monero is one that comes to mind, where its not very obvious what the transaction path is or what the actual value of the transaction is except to the end users."___

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2017-02-01 04:15:52 (10 comments; 11 reshares; 54 +1s; )Open 

Suddenly, Mercedes-Benz Buys Bitcoin Company

It might come as a surprise but Mercedes-Benz will soon have a payment service by the brand name of Mercedes Pay, and thus it is acquiring PayCash Europe SA.

PayCash Europe operates a number of services like Mobile Payment Solutions, E-Money Solution, Cryptocurrency related services and Voucher and Loyalty related services. The acquisition of PayCash Europe will be made by Daimler AG the parent of Mercedes-Benz through Daimler Financial Services.

The primary aim of Mercedes purchasing a cryptocurrency company does not seem to be their interest in Bitcoin even though they have not implicitly denied it.

Bodo Uebber, Daimler Financial Services Board of Management member, reveals in a press release by the company:

"Mercedes Pay is a fundamental component of our mobility and digitizationstrat... more »

Suddenly, Mercedes-Benz Buys Bitcoin Company

It might come as a surprise but Mercedes-Benz will soon have a payment service by the brand name of Mercedes Pay, and thus it is acquiring PayCash Europe SA.

PayCash Europe operates a number of services like Mobile Payment Solutions, E-Money Solution, Cryptocurrency related services and Voucher and Loyalty related services. The acquisition of PayCash Europe will be made by Daimler AG the parent of Mercedes-Benz through Daimler Financial Services.

The primary aim of Mercedes purchasing a cryptocurrency company does not seem to be their interest in Bitcoin even though they have not implicitly denied it.

Bodo Uebber, Daimler Financial Services Board of Management member, reveals in a press release by the company:

"Mercedes Pay is a fundamental component of our mobility and digitization strategy. Daimler's new payment system underscores our ambition, as a leading provider of digital mobility services, to make the products and services we offer even more appealing."___

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2017-02-01 03:45:09 (22 comments; 6 reshares; 29 +1s; )Open 

Bitcoin wallets get a key approval in Switzerland http://engt.co/2k6KW3o

Bitcoin wallets get a key approval in Switzerland http://engt.co/2k6KW3o___

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2017-01-26 18:28:44 (39 comments; 11 reshares; 71 +1s; )Open 

Man Accidentally Makes $1.3 Million Buying a House With Bitcoin

One of the main issues with bitcoin from a mainstream adoption perspective is price volatility, but a man in California recently benefited from short-term bitcoin price volatility in a major way.

In a recent interview with Bloomberg Markets, Bitpay CCO Sonny Singh told the story of how the bitcoin payment processor helped a man purchase a house with bitcoin and how this individual unintentionally made $1 million on the exchange from bitcoin to U.S. dollars.

Man Accidentally Makes $1.3 Million Buying a House With Bitcoin

One of the main issues with bitcoin from a mainstream adoption perspective is price volatility, but a man in California recently benefited from short-term bitcoin price volatility in a major way.

In a recent interview with Bloomberg Markets, Bitpay CCO Sonny Singh told the story of how the bitcoin payment processor helped a man purchase a house with bitcoin and how this individual unintentionally made $1 million on the exchange from bitcoin to U.S. dollars.___

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2017-01-25 20:04:53 (19 comments; 5 reshares; 24 +1s; )Open 

Russia Bans Mobile Payment to Bitcoin-Accepting Presidential Candidate

The Central Bank of Russia has officially requested Yandex, the largest Internet company in Russia, to disallow Alexei Navalny, a Russian lawyer and financial activist who is running a presidential campaign in 2018, from raising funds using the Yandex payment application.

Yandex N.V. operates the largest search engine and provides the most widely used financial service in Russia. It controls over 60 percent of the Internet market share and serves over 55 mln active users. Its financial application is used by the general Russian consumer base to process basic payments, from salaries to purchases at local stores and e-commerce platforms.

Russia Bans Mobile Payment to Bitcoin-Accepting Presidential Candidate

The Central Bank of Russia has officially requested Yandex, the largest Internet company in Russia, to disallow Alexei Navalny, a Russian lawyer and financial activist who is running a presidential campaign in 2018, from raising funds using the Yandex payment application.

Yandex N.V. operates the largest search engine and provides the most widely used financial service in Russia. It controls over 60 percent of the Internet market share and serves over 55 mln active users. Its financial application is used by the general Russian consumer base to process basic payments, from salaries to purchases at local stores and e-commerce platforms.___

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2017-01-23 14:43:47 (2 comments; 4 reshares; 19 +1s; )Open 

Bitcoin Options Firm LedgerX Crosses Key Launch Hurdle

The wait is almost over for LedgerX, a New York-based bitcoin swaps startup with a board boasting a who's who of financial sector bigwigs.

After two years of building, the firm that had already raised $1.5m from Google Ventures, Lightspeed Venture Partners and others, says it is now ready to push for its final approval from the US regulator, the Commodity Futures Trading Commission (CFTC).

If granted, LedgerX would be able to launch the first federally regulated bitcoin options exchange and the first clearing house to list and clear fully collateralized, physically settled bitcoin options for the institutional market.

In fact, LedgerX quietly overcame what its team believes is its last hurdle toward that goal in December.

Bitcoin Options Firm LedgerX Crosses Key Launch Hurdle

The wait is almost over for LedgerX, a New York-based bitcoin swaps startup with a board boasting a who's who of financial sector bigwigs.

After two years of building, the firm that had already raised $1.5m from Google Ventures, Lightspeed Venture Partners and others, says it is now ready to push for its final approval from the US regulator, the Commodity Futures Trading Commission (CFTC).

If granted, LedgerX would be able to launch the first federally regulated bitcoin options exchange and the first clearing house to list and clear fully collateralized, physically settled bitcoin options for the institutional market.

In fact, LedgerX quietly overcame what its team believes is its last hurdle toward that goal in December.___

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2017-01-22 23:52:50 (14 comments; 7 reshares; 35 +1s; )Open 

Zero-Fee Bitcoin Trading Officially Ends in China; Begins in the UK

Bitcoin’s surge in price at the beginning of 2017 caught the attention of the Chinese government, which has been fighting tooth and nails against capital flight in the country, restricting foreign investments and gold importations. Given that an overwhelming majority of the Bitcoin trading volume comes from China, the government has now turned its eye towards the cryptocurrency industry.

The warnings and subsequent inspections that were carried out on Bitcoin exchanges in the country have had a tremendous impact on Bitcoin price, which dropped by about 30% in the days that followed.

But now as Bitcoin exchanges in China are working with the PBoC, traders and investors are regaining confidence both in Bitcoin and in the Big Three exchanges: Okcoin, Huobi, and BTCC. This is perhaps why the BTCprice... more »

Zero-Fee Bitcoin Trading Officially Ends in China; Begins in the UK

Bitcoin’s surge in price at the beginning of 2017 caught the attention of the Chinese government, which has been fighting tooth and nails against capital flight in the country, restricting foreign investments and gold importations. Given that an overwhelming majority of the Bitcoin trading volume comes from China, the government has now turned its eye towards the cryptocurrency industry.

The warnings and subsequent inspections that were carried out on Bitcoin exchanges in the country have had a tremendous impact on Bitcoin price, which dropped by about 30% in the days that followed.

But now as Bitcoin exchanges in China are working with the PBoC, traders and investors are regaining confidence both in Bitcoin and in the Big Three exchanges: Okcoin, Huobi, and BTCC. This is perhaps why the BTC price experienced only a minor drop today and is managing to stay above the $900 range.

News information service specializing in these Chinese Bitcoin market @cnLedger tweeted:

Today, OKCoin, Huobi & BTCC all announced charging trading fees (0.2%), starting 24 Jan___

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2017-01-22 22:14:47 (2 comments; 0 reshares; 14 +1s; )Open 

21 INC’S Mobile App Let's Users Earn Bitcoin by Completing Small Tasks

A lot of people are still wondering how they can go about earning their first Bitcoin. 21 Inc, the company behind the Bitcoin Computer, has come up with a new mobile application that lets users earn small amounts of Bitcoin. All users have to do is complete a set of small tasks, allowing them to earn Bitcoin at any given time without issues.

Earning Bitcoin can be done in a wide variety of ways, although some methods are less profitable than they used to be. The new 21 Inc mobile appaims to provide users with small amounts of Bitcoin by completing mini-tasks on their mobile device. So far, it appears this app is available to everyone in the world, which is nice to see.

Do not expect to make a boatload of money by completing these tasks, even though most of them will be somewhat rewarding.On... more »

21 INC’S Mobile App Let's Users Earn Bitcoin by Completing Small Tasks

A lot of people are still wondering how they can go about earning their first Bitcoin. 21 Inc, the company behind the Bitcoin Computer, has come up with a new mobile application that lets users earn small amounts of Bitcoin. All users have to do is complete a set of small tasks, allowing them to earn Bitcoin at any given time without issues.

Earning Bitcoin can be done in a wide variety of ways, although some methods are less profitable than they used to be. The new 21 Inc mobile appaims to provide users with small amounts of Bitcoin by completing mini-tasks on their mobile device. So far, it appears this app is available to everyone in the world, which is nice to see.

Do not expect to make a boatload of money by completing these tasks, even though most of them will be somewhat rewarding. One Reddit user pointed out how going through the tutorial allowed him to earn US$1.6, although cashing out money will require a slightly higher balance. So far, it remains a bit unclear what this limit may be, though.

You can sign up to do tasks at https://21.co/tasks/ or to message me simply head to https://21.co/patrickulrich/___

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2017-01-22 16:17:42 (7 comments; 6 reshares; 26 +1s; )Open 

Biggest Russian Bank to Replace 3,000 Employees With Robot Lawyer

Smart, time-saving computers are quickly elevating many professions. Instead of employing dozens of assistants to sort through endless paperwork, many companies are turning towards AI machines to perform routine tasks. Lawyer robots are creating a future in which the legal system becomes less costly and more efficient. However, there is a spoon of tar in this honey jar.

Russia's biggest bank, Sberbank, has recently announced a launch of a robot lawyer which will be assigned a task to process letters of complaints. This innovation will result in the axing of approximately 3000 specialists currently working in the bank structure.

According to Vadim Kulik, deputy chairman of the Executive Board at Sberbank, robot lawyer was launched in Q4 of 2016, with full robotization to be completed in thefirst... more »

Biggest Russian Bank to Replace 3,000 Employees With Robot Lawyer

Smart, time-saving computers are quickly elevating many professions. Instead of employing dozens of assistants to sort through endless paperwork, many companies are turning towards AI machines to perform routine tasks. Lawyer robots are creating a future in which the legal system becomes less costly and more efficient. However, there is a spoon of tar in this honey jar.

Russia's biggest bank, Sberbank, has recently announced a launch of a robot lawyer which will be assigned a task to process letters of complaints. This innovation will result in the axing of approximately 3000 specialists currently working in the bank structure.

According to Vadim Kulik, deputy chairman of the Executive Board at Sberbank, robot lawyer was launched in Q4 of 2016, with full robotization to be completed in the first months of 2017.___

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2017-01-21 17:55:11 (18 comments; 4 reshares; 36 +1s; )Open 

Is Bitcoin App Abra Finally Ready for Its Big Debut?

At this week's North American Bitcoin Conference, P2P digital cash startup Abra announced that, starting next month, it will begin its long-awaited global rollout.

It's a move that Abra has had in the works since May, when CEO Bill Barhydt said he was eager for the startup, founded in 2014, to make the transition "as quickly as possible".

Notably, the latest news provided new details on what this long-held plan might look like in action.

In a blog post published this week, Abra revealed that, at launch, its wallets will support the buying, selling and storing of bitcoin, as well as over 50 traditional currencies, which it said can also be sent peer-to-peer using the service.

According to Barhydt, the system is now ready for primetime.

Is Bitcoin App Abra Finally Ready for Its Big Debut?

At this week's North American Bitcoin Conference, P2P digital cash startup Abra announced that, starting next month, it will begin its long-awaited global rollout.

It's a move that Abra has had in the works since May, when CEO Bill Barhydt said he was eager for the startup, founded in 2014, to make the transition "as quickly as possible".

Notably, the latest news provided new details on what this long-held plan might look like in action.

In a blog post published this week, Abra revealed that, at launch, its wallets will support the buying, selling and storing of bitcoin, as well as over 50 traditional currencies, which it said can also be sent peer-to-peer using the service.

According to Barhydt, the system is now ready for primetime.___

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2017-01-21 17:48:49 (6 comments; 1 reshares; 34 +1s; )Open 

Telegram with GetGems

Have you used GetGems yet? It's a fork of the popular Telegram client but it seperates itself by providing a token for you using the app. You can then use the token to purchase Gift Cards from Starbucks, Amazon, Apple and many more from within the app.

If you already have people that you know on Telegram then I would highly recommend checking it out. If you don't then it may still be worth a download but since it's a messaging app you'll probably want to have others you can chat with. So maybe make someone else try it too!

http://r.getgems.org/m/Ax9ruqkeQv

Telegram with GetGems

Have you used GetGems yet? It's a fork of the popular Telegram client but it seperates itself by providing a token for you using the app. You can then use the token to purchase Gift Cards from Starbucks, Amazon, Apple and many more from within the app.

If you already have people that you know on Telegram then I would highly recommend checking it out. If you don't then it may still be worth a download but since it's a messaging app you'll probably want to have others you can chat with. So maybe make someone else try it too!

http://r.getgems.org/m/Ax9ruqkeQv___

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2017-01-11 13:41:12 (6 comments; 13 reshares; 36 +1s; )Open 

Julian Assange Uses Bitcoin’s Blockchain for Proof of Life

Julian Assange added a bit more to his history-making today by being the first known person to use bitcoin’s public blockchain as proof of life. Responding to calls for evidence that the Wikileaks founder is safe and sound in a Reddit Ask Me Anything sessions with answers provided in a live twitch.tv feed, Assange stated:

“I have to say it is a little bit silly, not in relation to us being under pressure, we have been under pressure, but we’re very good at resisting pressure, but, in relation to whether I’m alive, or kidnapped, actually, it is a bit silly. If you look at people like John Pilger, for example, long-term friend of mine, runs my defence fund, is a famously brave investigative reporter, my lawyers, close friends, people like Murray Love, the Ecuadorian government, if you think about the number ofpeople who... more »

Julian Assange Uses Bitcoin’s Blockchain for Proof of Life

Julian Assange added a bit more to his history-making today by being the first known person to use bitcoin’s public blockchain as proof of life. Responding to calls for evidence that the Wikileaks founder is safe and sound in a Reddit Ask Me Anything sessions with answers provided in a live twitch.tv feed, Assange stated:

“I have to say it is a little bit silly, not in relation to us being under pressure, we have been under pressure, but we’re very good at resisting pressure, but, in relation to whether I’m alive, or kidnapped, actually, it is a bit silly. If you look at people like John Pilger, for example, long-term friend of mine, runs my defence fund, is a famously brave investigative reporter, my lawyers, close friends, people like Murray Love, the Ecuadorian government, if you think about the number of people who actually have to conspire and the amount of work that would have to be done to produce these false images, it’s too many. That’s a social proof.”

Assange then went on to provide a slightly more concrete proof by reading out block number #447506, mined by Bitmain, and its hash, produced today, on the 10th of January 2017, at 15:50:25 London time. He misread it at first, thus had to re-do it, joking this will send people crazy before adding that the mistake itself is evidence that the proof of life is genuine as it’s natural for people to make mistakes.___

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2017-01-11 13:34:56 (2 comments; 6 reshares; 19 +1s; )Open 

China's Central Bank to Conduct Ongoing Bitcoin Exchange Visits

The People's Bank of China (PBoC) is moving to more closely monitor (or otherwise engage) with domestic bitcoin exchange businesses.

Just days after it was revealed the PBoC's Beijing and Shanghai offices had visited the country's three largest exchanges by volume, the central bank said today that it is pledging to better engage with BTCC, Huobi and OKCoin through continued on-site inspections or meetings.

Discussed at new meetings, according to releases by its Beijing and Shanghai offices, were topics including compliance (anti-money laundering and foreign exchange management).

"The checks focused on whether the firm was operating out of its business scope, whether it was launching unauthorized financing, payment, forex business or other related businesses,whether ... more »

China's Central Bank to Conduct Ongoing Bitcoin Exchange Visits

The People's Bank of China (PBoC) is moving to more closely monitor (or otherwise engage) with domestic bitcoin exchange businesses.

Just days after it was revealed the PBoC's Beijing and Shanghai offices had visited the country's three largest exchanges by volume, the central bank said today that it is pledging to better engage with BTCC, Huobi and OKCoin through continued on-site inspections or meetings.

Discussed at new meetings, according to releases by its Beijing and Shanghai offices, were topics including compliance (anti-money laundering and foreign exchange management).

"The checks focused on whether the firm was operating out of its business scope, whether it was launching unauthorized financing, payment, forex business or other related businesses, whether it was involved in market manipulation, anti-money laundering or (carried) fund security risks," a translation provided by Reuters states.___

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2017-01-11 12:10:14 (17 comments; 14 reshares; 46 +1s; )Open 

China’s Central Bank Is Raiding Bitcoin Operators, Bitcoin Price is Tumbling

In a statement released by the People’s Bank of China, the central bank of China has announced that they are going to be carrying out inspections on Bitcoin enterprises in the country. The statement was posted in Mandarin on Jan. 17, 2017 on the PBOC website.

China’s Central Bank Is Raiding Bitcoin Operators, Bitcoin Price is Tumbling

In a statement released by the People’s Bank of China, the central bank of China has announced that they are going to be carrying out inspections on Bitcoin enterprises in the country. The statement was posted in Mandarin on Jan. 17, 2017 on the PBOC website.___

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2017-01-06 16:03:40 (2 comments; 7 reshares; 32 +1s; )Open 

Déjà vu? Bitcoin Price Slips Below $900 Amid China News

The price of bitcoin has declined more than 11% already today, a development that comes amid a week of high market volatility.

The movements are the latest in a week of trading that has seen the price of the digital currency nearing all-time highs before falling nearly $200 in a matter of hours and later recovering.

At press time, the price of bitcoin is averaging $899.00 across global exchanges, according to data from the CoinDesk Bitcoin Price Index (BPI).

The news also notably follows a decision by the People's Bank of China (PBoC), China's central bank, to publicly disclose that it had issued warnings to major exchanges in the country or otherwise discussed their practices within a legal context.

Déjà vu? Bitcoin Price Slips Below $900 Amid China News

The price of bitcoin has declined more than 11% already today, a development that comes amid a week of high market volatility.

The movements are the latest in a week of trading that has seen the price of the digital currency nearing all-time highs before falling nearly $200 in a matter of hours and later recovering.

At press time, the price of bitcoin is averaging $899.00 across global exchanges, according to data from the CoinDesk Bitcoin Price Index (BPI).

The news also notably follows a decision by the People's Bank of China (PBoC), China's central bank, to publicly disclose that it had issued warnings to major exchanges in the country or otherwise discussed their practices within a legal context.___

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2017-01-06 15:53:40 (25 comments; 7 reshares; 33 +1s; )Open 

China's Central Bank Issues Warnings to Major Bitcoin Exchanges

Officials from the People's Bank of China (PBOC) met with representatives of major bitcoin exchanges this week to urge their compliance with "relevant laws and regulations", according to statements from the central bank.

In total, two press releases were issued today, one by the PBOC's office in Beijing, the other by its Shanghai regional office, in which they revealed the meetings, as well as some information about what was discussed behind closed doors.

Representatives from BTCC, OKCoin and Huobi were all in attendance, according to documents. OKCoin was cited under its Chinese-facing brand name.

China's Central Bank Issues Warnings to Major Bitcoin Exchanges

Officials from the People's Bank of China (PBOC) met with representatives of major bitcoin exchanges this week to urge their compliance with "relevant laws and regulations", according to statements from the central bank.

In total, two press releases were issued today, one by the PBOC's office in Beijing, the other by its Shanghai regional office, in which they revealed the meetings, as well as some information about what was discussed behind closed doors.

Representatives from BTCC, OKCoin and Huobi were all in attendance, according to documents. OKCoin was cited under its Chinese-facing brand name.___

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2017-01-02 04:01:02 (54 comments; 19 reshares; 139 +1s; )Open 

Bitcoin Price Breaks Psychological Barrier of $1,000

Bitcoin’s price has crossed over $1,000 once again.

After rising to a high of $1,242 in November of 2013, Bitcoin’s price then receded down over the following years to start 2016 at around $435. It quickly rose to $789 in mid-June but again settled back in around $600 until spiking up in November. That spike has since led to a steady rise leaving the price just shy of $1,000 until today.

Bitcoin Price Breaks Psychological Barrier of $1,000

Bitcoin’s price has crossed over $1,000 once again.

After rising to a high of $1,242 in November of 2013, Bitcoin’s price then receded down over the following years to start 2016 at around $435. It quickly rose to $789 in mid-June but again settled back in around $600 until spiking up in November. That spike has since led to a steady rise leaving the price just shy of $1,000 until today.___

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2016-12-16 03:48:22 (0 comments; 1 reshares; 2 +1s; )Open 

University of Kentucky men’s basketball will continue to play at Rupp Arena for 15 more years.

A new contract between Kentucky’s flagship university and Lexington Center Corp. — which oversees Rupp Arena — was announced Thursday morning at the Lexington Center board meeting. The agreement, outlined in a letter of intent signed by Lexington Center and UK officials, will ensure that the Kentucky Wildcats play at Rupp through 2033.

University of Kentucky men’s basketball will continue to play at Rupp Arena for 15 more years.

A new contract between Kentucky’s flagship university and Lexington Center Corp. — which oversees Rupp Arena — was announced Thursday morning at the Lexington Center board meeting. The agreement, outlined in a letter of intent signed by Lexington Center and UK officials, will ensure that the Kentucky Wildcats play at Rupp through 2033.___

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2016-12-08 19:16:43 (23 comments; 2 reshares; 58 +1s; )Open 

Circle Cuts Bitcoin Buying and Selling in Product Pivot

Circle Internet Financial, once one of the best-funded early bitcoin startups, has announced it will no longer allow customers to buy and sell the digital currency.

Confirmed today via an announcement in The Wall Street Journal and first revealed last night in a customer update, Circle said it will now focus on using a soon-to-be-launched proprietary blockchain-based protocol called Spark.

Customers can continue to store bitcoin using the Circle app, however, those who want to buy and sell digital currency will be directed to digital asset exchange service Coinbase, once one of Circle's biggest competitors in the brokerage space.

Circle Cuts Bitcoin Buying and Selling in Product Pivot

Circle Internet Financial, once one of the best-funded early bitcoin startups, has announced it will no longer allow customers to buy and sell the digital currency.

Confirmed today via an announcement in The Wall Street Journal and first revealed last night in a customer update, Circle said it will now focus on using a soon-to-be-launched proprietary blockchain-based protocol called Spark.

Customers can continue to store bitcoin using the Circle app, however, those who want to buy and sell digital currency will be directed to digital asset exchange service Coinbase, once one of Circle's biggest competitors in the brokerage space.___

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2016-12-07 07:44:19 (11 comments; 5 reshares; 55 +1s; )Open 

Bitcoin service allows businesses to confidently accept instant transactions

Retailers looking to accept bitcoin face many challenges. While Point of Sale and Payment Service providers have become industry titans through simplifying the process, there are still risks that need to be considered.

An integral part of the retail payment process is the need for speed. While bitcoin transactions are considered almost instant, new transactions can’t be considered secure due to a lack of network confirmations.

The first confirmation occurs when a transaction is included in the blockchain, which takes no longer than ten minutes under ideal conditions. Every time a new block is added to the blockchain, every transaction gets another confirmation. The industry standard for accepting a payment as secure is six confirmations, which would typically take an hour.

Bitcoin service allows businesses to confidently accept instant transactions

Retailers looking to accept bitcoin face many challenges. While Point of Sale and Payment Service providers have become industry titans through simplifying the process, there are still risks that need to be considered.

An integral part of the retail payment process is the need for speed. While bitcoin transactions are considered almost instant, new transactions can’t be considered secure due to a lack of network confirmations.

The first confirmation occurs when a transaction is included in the blockchain, which takes no longer than ten minutes under ideal conditions. Every time a new block is added to the blockchain, every transaction gets another confirmation. The industry standard for accepting a payment as secure is six confirmations, which would typically take an hour.___

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2016-12-07 02:26:52 (53 comments; 12 reshares; 90 +1s; )Open 

ESMT Berlin is the First German University to Accept Bitcoin

In a German first, ESMT Berlin, a state-accredited private business university will accept bitcoin as a currency “for all payments” including tuition.

Announced today, the business school revealed that it is now the first German institute of higher education to accept bitcoin as payment for tuition and all other payments toward the university.

Hailing bitcoin as a digital currency that facilitates worldwide money transfers within minutes and without the need for a bank, the Berlin-based international business school underlined bitcoin as “the most well-developed blockchain application.”

ESMT Berlin is the First German University to Accept Bitcoin

In a German first, ESMT Berlin, a state-accredited private business university will accept bitcoin as a currency “for all payments” including tuition.

Announced today, the business school revealed that it is now the first German institute of higher education to accept bitcoin as payment for tuition and all other payments toward the university.

Hailing bitcoin as a digital currency that facilitates worldwide money transfers within minutes and without the need for a bank, the Berlin-based international business school underlined bitcoin as “the most well-developed blockchain application.”___

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2016-12-06 13:19:56 (1 comments; 5 reshares; 50 +1s; )Open 

US Federal Reserve Releases First Distributed Ledger Research Paper

The Federal Reserve has published new research on distributed ledger tech.

The paper, which explores applications of the technology in payments and transaction settlement, was drafted by teams from the Federal Reserve Board as well as the Federal Reserve Banks of New York and Chicago.

Though research has been published in the past by members of the Federal Resrve system, most notably the Federal Reserve Banks from Boston and Chicago, the paper's release represents the first major release from the Federal Reserve Board.

Overall, the research casts a wide net, including both a top-down view of the concepts behind blockchain, as well as both the challenges and opportunities for financial firms or payment system operates looking at potential integrations.

US Federal Reserve Releases First Distributed Ledger Research Paper

The Federal Reserve has published new research on distributed ledger tech.

The paper, which explores applications of the technology in payments and transaction settlement, was drafted by teams from the Federal Reserve Board as well as the Federal Reserve Banks of New York and Chicago.

Though research has been published in the past by members of the Federal Resrve system, most notably the Federal Reserve Banks from Boston and Chicago, the paper's release represents the first major release from the Federal Reserve Board.

Overall, the research casts a wide net, including both a top-down view of the concepts behind blockchain, as well as both the challenges and opportunities for financial firms or payment system operates looking at potential integrations.___

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2016-12-06 13:13:20 (9 comments; 10 reshares; 62 +1s; )Open 

Bitcoin Community Gets Prepared for Italy's Eurozone Exit

Bitcoin experts have long understood that political uncertainty is great for the growth of the cryptocurrency, at least in the near future.

This is why the Italian referendum and the victory of “no,” has created speculation that the resignation of Italian Prime Minister Matteo Renzi would increase the price of Bitcoin to $800.

Bitcoin may grow in the near future, as several investors believe that the vote of “no” is a signal of instability within the Italian financial sector, which could lead to a decision for Italy to leave the Eurozone (Italexit).

Bitcoin Community Gets Prepared for Italy's Eurozone Exit

Bitcoin experts have long understood that political uncertainty is great for the growth of the cryptocurrency, at least in the near future.

This is why the Italian referendum and the victory of “no,” has created speculation that the resignation of Italian Prime Minister Matteo Renzi would increase the price of Bitcoin to $800.

Bitcoin may grow in the near future, as several investors believe that the vote of “no” is a signal of instability within the Italian financial sector, which could lead to a decision for Italy to leave the Eurozone (Italexit).___

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2016-12-06 13:10:28 (4 comments; 1 reshares; 45 +1s; )Open 

Blockchain Gets a Push in India with New Microsoft and KPMG Partnership

Blockchain applications could see further development in India after a new partnership between technology behemoth Microsoft and advisory firm KPMG, commonly known one of the “Big Four” auditing firms in the world.

Announced today, the strategic partnership will fundamentally see the two companies collaborate on the digitization of large and mid-market Indian enterprises, powered by the Internet of Things (IoT).

The outcome of the partnership could see Microsoft and KMPG clients in India deploy cloud-based automation, IoT-enabled operational insights and analytics, increased mobility among a company’s workforce and more.

Further, KMPG clients in India could soon benefit from blockchain technology specifically, with Microsoft’s expertise through its BaaS (blockchain-as-a-service)offerin... more »

Blockchain Gets a Push in India with New Microsoft and KPMG Partnership

Blockchain applications could see further development in India after a new partnership between technology behemoth Microsoft and advisory firm KPMG, commonly known one of the “Big Four” auditing firms in the world.

Announced today, the strategic partnership will fundamentally see the two companies collaborate on the digitization of large and mid-market Indian enterprises, powered by the Internet of Things (IoT).

The outcome of the partnership could see Microsoft and KMPG clients in India deploy cloud-based automation, IoT-enabled operational insights and analytics, increased mobility among a company’s workforce and more.

Further, KMPG clients in India could soon benefit from blockchain technology specifically, with Microsoft’s expertise through its BaaS (blockchain-as-a-service) offering via its cloud platform Azure.___

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2016-12-06 04:14:28 (3 comments; 7 reshares; 37 +1s; )Open 

Veritas Announces Decentralized, Censor-Free Platform for Journalists

Last year, a conference held by Russia Today brought together the world’s most prominent journalists to exchange ideas on shape-shifting powers. There, Arnab Goswami from India raised an important issue – about hegemony of western media. He stated that the US and the UK together contributes to the 70% of the source of global news; that the global narrative in terms of news is hugely controlled.

This is definitely not the first — and the last — discussion that raises the issue of the dominance over information. The governments all across the world — including the ones that claim to represent powerful democracies — want to control the ways through which information is produced and distributed.

At the same time, we can also say that media censorship is flourishing only in response tointernet-based ... more »

Veritas Announces Decentralized, Censor-Free Platform for Journalists

Last year, a conference held by Russia Today brought together the world’s most prominent journalists to exchange ideas on shape-shifting powers. There, Arnab Goswami from India raised an important issue – about hegemony of western media. He stated that the US and the UK together contributes to the 70% of the source of global news; that the global narrative in terms of news is hugely controlled.

This is definitely not the first — and the last — discussion that raises the issue of the dominance over information. The governments all across the world — including the ones that claim to represent powerful democracies — want to control the ways through which information is produced and distributed.

At the same time, we can also say that media censorship is flourishing only in response to internet-based technological disruptions. Strong laws against disruptive media houses are introduced only when something “classified” is published on open forums; while organisations that are willing to be whipped or regulated flourish without breaking a sweat.

Control is real — and scary!___

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2016-12-06 03:46:24 (44 comments; 13 reshares; 82 +1s; )Open 

Moving Toward Regulation, Vietnam Could Legalize Bitcoin

The Vietnamese government is working toward building and introducing a comprehensive legal framework surrounding virtual currencies like bitcoin, a report has revealed.

As a country that has seen its fair share of mainstream pyramid schemes misusing bitcoin – leading to regulators and authorities warn against the use of the digital currency – Vietnam is working toward enforcing legal frameworks for virtual currencies and properties, choosing to regulate the innovation rather than ban it.

According to a report in regional publication VnEconomy, the Vietnamese government has begun a project working toward a complete review of digital currencies, ultimately leading to “a comprehensive legal framework for virtual property, electronic money and virtual currency in Vietnam,” the report reads.

Moving Toward Regulation, Vietnam Could Legalize Bitcoin

The Vietnamese government is working toward building and introducing a comprehensive legal framework surrounding virtual currencies like bitcoin, a report has revealed.

As a country that has seen its fair share of mainstream pyramid schemes misusing bitcoin – leading to regulators and authorities warn against the use of the digital currency – Vietnam is working toward enforcing legal frameworks for virtual currencies and properties, choosing to regulate the innovation rather than ban it.

According to a report in regional publication VnEconomy, the Vietnamese government has begun a project working toward a complete review of digital currencies, ultimately leading to “a comprehensive legal framework for virtual property, electronic money and virtual currency in Vietnam,” the report reads.___

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2016-12-05 03:20:35 (1 comments; 7 reshares; 33 +1s; )Open 

Illinois Seeks 'Light Touch' Blockchain Regulation With New Roadmap

On 1st December, the state of Illinois took its first step in its ambitious multi-agency plan to guide the integration of blockchain technology into government operations.

The Illinois Department of Financial and Professional Regulation (IDFPR) announced that it has released for public comment its proposed Digital Currency Regulatory Guidance on decentralized "virtual currencies", which is intended to address inadequacies found in the IDFPR’s interpretation of the state’s Transmitters of Money Act.

The release happened at the same time the state’s Department of Innovation & Technology (DoIT) released its Blockchain and Distributed Ledger Request for Information.

Illinois Seeks 'Light Touch' Blockchain Regulation With New Roadmap

On 1st December, the state of Illinois took its first step in its ambitious multi-agency plan to guide the integration of blockchain technology into government operations.

The Illinois Department of Financial and Professional Regulation (IDFPR) announced that it has released for public comment its proposed Digital Currency Regulatory Guidance on decentralized "virtual currencies", which is intended to address inadequacies found in the IDFPR’s interpretation of the state’s Transmitters of Money Act.

The release happened at the same time the state’s Department of Innovation & Technology (DoIT) released its Blockchain and Distributed Ledger Request for Information.___

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2016-12-05 03:15:03 (39 comments; 10 reshares; 58 +1s; )Open 

U.S. TREASURY BUREAU CONSIDERS ALLOWING FINTECH COMPANIES AS SPECIAL PURPOSE NATIONAL BANKS

The Office of the Comptroller of the Currency(OCC) will consider applications from fintech companies to become special purpose national banks, Comptroller Thomas Curry announced Friday.

Over the past year, no topic in banking and finance has drawn more interest than fintech, and for good reason, Curry noted in prepared remarks while speaking at the Georgetown University Law Center. The number of fintech companies in the United States and United Kingdom has grown to more than 4,000, he noted, and in the last five years investment in the sector has expanded from $1.8 billion to $24 billion worldwide.

U.S. TREASURY BUREAU CONSIDERS ALLOWING FINTECH COMPANIES AS SPECIAL PURPOSE NATIONAL BANKS

The Office of the Comptroller of the Currency(OCC) will consider applications from fintech companies to become special purpose national banks, Comptroller Thomas Curry announced Friday.

Over the past year, no topic in banking and finance has drawn more interest than fintech, and for good reason, Curry noted in prepared remarks while speaking at the Georgetown University Law Center. The number of fintech companies in the United States and United Kingdom has grown to more than 4,000, he noted, and in the last five years investment in the sector has expanded from $1.8 billion to $24 billion worldwide.___

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2016-12-04 13:29:22 (6 comments; 3 reshares; 51 +1s; )Open 

Someone Used Silk Road’s Admin Account after Ross Ulbricht’s Arrest

Ross Ulbricht was allegedly the man behind the notorious dark web Marketplace Silk Road. CCN reported when his trial begun back in 2015, and when it led to a sentence of life in prison as he was convicted of owning the “Dread Pirate Roberts” (DRP) account in the marketplace.

According to Motherboard, Ross’ attorneys claim to have discovered new evidence that someone used the Dread Pirate Roberts account six weeks after he was arrested. At the time, Ross was in federal custody, so he couldn’t have been him.

As such, the logical conclusion is that someone else had access to the Dread Pirate Roberts account. Either because they had access to the investigation, because someone with a law enforcement background did it, or because there was another DPR.

Someone Used Silk Road’s Admin Account after Ross Ulbricht’s Arrest

Ross Ulbricht was allegedly the man behind the notorious dark web Marketplace Silk Road. CCN reported when his trial begun back in 2015, and when it led to a sentence of life in prison as he was convicted of owning the “Dread Pirate Roberts” (DRP) account in the marketplace.

According to Motherboard, Ross’ attorneys claim to have discovered new evidence that someone used the Dread Pirate Roberts account six weeks after he was arrested. At the time, Ross was in federal custody, so he couldn’t have been him.

As such, the logical conclusion is that someone else had access to the Dread Pirate Roberts account. Either because they had access to the investigation, because someone with a law enforcement background did it, or because there was another DPR.___

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2016-12-04 12:47:53 (0 comments; 0 reshares; 2 +1s; )Open 

2016 claims another victim: Your privacy

In a blow to privacy on par with the Patriot Act, changes to the rules around warrants grant the US government unprecedented hacking powers in any jurisdiction, and on as many devices as it wants.

The changes to a measure known as Rule 41 were made earlier this year but went into effect Thursday after lots of opposition. Basically, they let any judge issue a warrant to remotely access an unlimited number of computers and devices located in any jurisdiction. There was plenty of objection from senators and congresspeople, groups like the Center for Democracy and Technology and companies such as Google, who said it's unconstitutional and invades citizens' rights to privacy.

All that came to a head this week when months of opposition and requests for inquiry and review came to nothing. In Congress, a bipartisan billcall... more »

2016 claims another victim: Your privacy

In a blow to privacy on par with the Patriot Act, changes to the rules around warrants grant the US government unprecedented hacking powers in any jurisdiction, and on as many devices as it wants.

The changes to a measure known as Rule 41 were made earlier this year but went into effect Thursday after lots of opposition. Basically, they let any judge issue a warrant to remotely access an unlimited number of computers and devices located in any jurisdiction. There was plenty of objection from senators and congresspeople, groups like the Center for Democracy and Technology and companies such as Google, who said it's unconstitutional and invades citizens' rights to privacy.

All that came to a head this week when months of opposition and requests for inquiry and review came to nothing. In Congress, a bipartisan bill called the Review The Rule Act was introduced but that failed in Washington on Wednesday afternoon.___

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