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The CFTC asserts jurisdiction over digital currency platform as Swap Execution …
bitcoinexchangenews.com

Customers could place orders by registering as a user and depositing Bitcoin into an account in their name. The option contracts were settled using Bitcoin at a spot rate determined by a third-party Bitcoin currency exchange. Users could post bids or …

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Silk Road Agent Pilfered Over US $800000 Bitcoin Currency
bitcoinexchangenews.com

A former U.S. secret service agent stole more than $800,000 of bitcoin money by laundering money online on illegal goods and drug marketplace, Silk Road. Shaun Bridges, 33, appeared in a San Francisco federal court and pleaded guilty to money …

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LifeLock, Lemon founder locked in dueling lawsuits over bitcoin startup
bitcoinexchangenews.com

“What it did not know, and what neither Casares nor (Lemon's Secretary and General Counsel Cynthia) McAdam ever disclosed, was that Lemon had developed a bitcoin wallet app before the acquisition and that technology belonged to Lemon.” Here's a …

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Ex-boss of MtGox bitcoin exchange arrested in Japan over lost $390m
bitcoinexchangenews.com

Ex-boss of MtGox bitcoin exchange arrested in Japan over lost $390m. French-born Mark Karpeles held in connection with the disappearance of hundreds of millions of dollars worth of the virtual currency. Mark Karpeles, former chief executive of MtGox, …

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Eobot Bitcoin Mining Company Pulls out of New York State over BitLicense
bitcoinexchangenews.com

BitcoinMiningSM Eobot, a cryptocurrency cloud mining company, will not serve customers in New York State as of July 1, 2015, on account of the recently finalized New York State BitLicense requirements. “If you are residing in and/or accessing Eobot …

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Bitcoin Mining Pool BTC Guild to Close Over BitLicense Concerns
bitcoinexchangenews.com

BTC Guild is set to close at the end of June, months after previously announcing that it would shut down its long-running bitcoin mining pool. In its announcement, posted to Bitcoin Talk, owner Eleuthria cited the finalization of the BitLicense as a …

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LifeLock Sues Xapo Executives Over Bitcoin Wallet Intellectual Property
bitcoinexchangenews.com

Bitcoin bank and payment processor Xapo faces uncertain waters as much of the company's executive team is being sued for contract violations. The misgivings center on the last months that Xapo co-founder and CEO Wences Casares, along with other Xapo …

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Think Tank Reignites Debate Over Bitcoin Mining's Environmental Effects
bitcoinexchangenews.com

Debate about the environmental effects of bitcoin mining has resurfaced following claims by an Australia-based sustainability think tank that bitcoin could eventually consume 60% of annual global electricity production. According to the Long Future …

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