Satoshi Nakamoto doesn't exist. Or, at least, if he does, he's one of the rare modern individuals who is practically impossible to locate. Nakamoto is the creator of Bitcoin. Over the years since the virtual currency's inception, there have been several quixotic expeditions to find him...
- A Thailand-based Bitcoin startup has had to suspend all operations after discovering that their country has effectively banned Bitcoins completely. Bitcoin Co. Ltd. was informed by the Bank of Thailand that the Foreign Exchange Administration and Policy Department declared Bitcoin…
- The Securities and Exchange Commission has charged Trendon T. Shavers with running an illegal Ponzi scheme using Bitcoins. Using the online handle “pirateat40,”authorities claim the Texas man received some 700,000 Bitcoins from various investors through an unregistered fund he created…
Weekend tech reading: LivingSocial hacked, cheap Android-Intel laptops, can Google predict the stock market?
By using Google Trends, which tracks the frequency particular search terms are entered into Google over time, scientists have found seasonal patterns, for example, in searches for information about mental illnesses and detected a link between searching behavior and a country’s GDP.
- The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has enforced regulations on firms that issue or exchange virtual currencies like Bitcoin. The guidelines are similar to those in place for traditional money order facilities like Western Union, requiring new…
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