Silver as an investment

Category Archives: Virtual currency law in the United States

Long Island Woman Indicted For Funding ISIS With Bitcoin

With intriguingly coincidental timing, as cryptocurrencies reach mainstream and grab the world's attention, the US Justice Department has unsealed a grand-jury indictment that shows a Long Island woman has been indicted on charges that she tried to funnel money to ISIS using Bitcoin. The Eastern District of New York press release details the crimes… Long […]

The Next Generation Of Currency Wars: Private Vs State-backed Crypto

Authored by Tho Bishop via The Mises Institute, Recently Russia announced that it will be unleashing a CryptoRuble, just a week after Vladimir Putin strongly criticized Bitcoin and other private cryptocurrencies.  When announcing the move, Minister of Communications Nikolay Nikiforov acknowledged that it was in part inspired by the aim of getting ahead of other governments: I confidently […]

Is Bitcoin Really Anonymous? IRS Moves To Track Cryptocurrencies With New Chain Analysis Tools

Authored by Mac Slavo via SHTFplan.com, Last month Alt-Market.com founder Brandon Smith warned that Bitcoin may not be all that it’s cracked up to be in terms of its purported anonymity: For years, one of the major original selling points of bitcoin was that it was “anonymous.” It always surprised me that so many people […]

Former Fed Employee Sentenced For Running Bitcoin Mining Software On A Fed Computer

In an amusing twist on the “fiat vs digital” money debate, a former Federal Reserve employee who tried to fuse the two, was sentenced to 12 months’ probation and fined $5,000 for installing unauthorized software on a Fed server to connect with a bitcoin network, the Office of the Fed’s Inspector General said. According to […]

Why Don’t The Dollar And Bitcoin Drop To Their Tangible Value (Zero)?

Submitted by Charles Hugh-Smith via OfTwoMinds blog, If we refuse to recognize the high utility value of USD and its global ease of flow, then we will continue to misunderstand the demand for the dollar and its appreciation. I have covered the many reasons why the U.S. dollar (USD) has strengthened in dozens of posts […]

Largest US Bitcoin Exchange Is “Extremely Concerned” With IRS Crackdown Targeting Its Users

Last Thursday we reported that in a startling development seeking to breach the privacy veil of users of America’s largest bitcoin exchange, the IRS filed court papers seeking a judicial order to serve a so-called “John Doe” summons on the San Francisco-based Bitcoin platform Coinbase. The government’s request is part of a bitcoin tax-evasion probe, […]