bitcoins

  • 24 Nov 2014 at 12:29 PM

Who Wants To Earn An Extra $36K Per Year?

Takers?Just lose your job because all of a sudden manipulating the currency markets is not OK? Or because maybe Brian Moynihan runs your company? Maybe you still have a job, but you were informed that “black edge” will no longer be rewarded and you somehow don’t know who else has been insider-trading your way to the top? Well, if you’ve got some free space in your vestibule, Lamassu has a compelling business opportunity. Read more »

  • 21 Nov 2014 at 4:30 PM

Deal Judge: We’re Going To Need A New Master of Coin

Elie's idea of an Icelandic prison.

Elie’s idea of an Icelandic prison.

Ed. note: This is a new weekly column by Elie Mystal, Managing Editor of Above the Law Redline, wrapping up the week that was in law and finance. Elie is not a practicing attorney, and anything he says that you listen to can and will be used against you.

Issue #1: How can you get a permit to do a damned illegal thing?

Bitcoins are a “real” commodity, so says the Commodity Futures Trading Commission. Commissioner Mark Wetjen “I do believe we have the authority because if you think of any reasonable reading of our statute, bitcoin classifies as a commodity, “I do believe we have the authority because if you think of any reasonable reading of our statute, bitcoin classifies as a commodity.”

Well maybe if Wetjen wishes really, really hard, Tinkerbell will spring to life and sprinkle enough regulatory pixie dust to give the CFTC the authority it believes it should have. Read more »

  • 19 Nov 2014 at 11:00 AM

The Bitcoin Definitional Debate Is Over

Commodified.The digital currency is a commodity, according to a guy whose job, coincidentally, is the regulation of commodities. Read more »

Nothing to see here.There are things at which the Securities and Exchange Commission should probably have a look. Like, say, the unregistered issuance of securities by companies dealing in fake currencies. You know, just a gander, if for no other reason than to demonstrate that they’re expected to follow all of those boring, stupid rules they hate so much. And so they have! Or perhaps not. Read more »

The Biterati will gather this week in—where else?—Las Vegas to celebrate, well, something, and to pick the startups that will staunch the bleeding and destroy the fiat currency that they undoubtedly paid for everything with. Read more »

People worldwide have opened 41 million bitcoin accounts, according to the Bank of England. While the total value of bitcoin commerce isn’t known, Gil Luria, an analyst at Wedbush Securities Inc., estimates global spending on goods and services has doubled in the past year. Parents are dispensing allowances in bitcoins so their kids learn to be digital citizens. Marijuana smokers are buying buds from bitcoin-enabled vending machines. Consumers in emerging markets such as Brazil and Russia are starting to use bitcoin to hedge against currency volatility. [Bloomberg]

Coinbase will now provide instawallets in Europe, giving continental anarchists, Grecophobes and tin-foil-hat-wearers a potentially secure place to “hold” their fake money. Read more »