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Bitcoin entrepreneur indicted for allegedly laundering money to ‘Silk Road’ online market

By Joseph Ax NEW YORK (Reuters) – Prominent bitcoin entrepreneur Charlie Shrem has been indicted by a federal grand jury in New York on charges of funneling cash to the illicit online marketplace Silk Road. Shrem, known as one of the digital currency’s most visible promoters, is accused of conspiring…

Bitcoin: The digital currency that became a target for speculators

Whether you see Bitcoin as the future of finance or a reckless gamble, the digital currency has become headline news over the past year, even as its origins remain shrouded in mystery. Bitcoin began as a means of payment but quickly became a target for speculators. Faced with wildly fluctuating…

Japananese authorities examining bitcoin exchange after reported massive theft

Japanese authorities were Wednesday probing the troubled MtGox bitcoin exchange after claims of a multi-million dollar theft from its digital vaults, as US prosecutors reportedly served a subpoena on the company. The moves came the day after the website of Tokyo-based MtGox went dark, possibly heralding huge losses for investors,…

Real estate developer willing to trade his $7.85 million Las Vegas mansion for Bitcoin

A property developer and former casino owner is selling his Las Vegas mansion for $7.85 million, and he’s willing to accept payment in Bitcoin. Jack Sommer, a commercial developer who once owned the Aladdin, said he got the idea to accept the digital currency from his two sons, who have…

Bitcoin Foundation pushes back on new federal ‘guidance’

Federal regulators are starting to make noise about Bitcoin, the digital currency that’s gained in recognition and value over the past few years. Unregulated by a central bank and distributed via a peer-to-peer network, Bitcoins currently trade for around $89 apiece, not bad for something that only…   [Stack of…

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