The Kansas City Business Journal reports that the Federal Judge overseeing the case, Brian Wimes, has refused Butterfly Labs motion to dismiss the ongoing suit by the Federal Trade Commission. Earlier this month the Judge had allowed Butterfly Labs to fully reopen under court supervision, and in November the court ordered the company to transfer its Bitcoin to a court appointed receiver. after earlier being allowed a limited reopening under receivership. The current Federal Trade Commission lawsuit against Butterfly Labs has been ongoing since September 2014. John Humphrey, the Attorney for Butterfly Labs originally filed the motion to dismiss on their behalf back in October.
Category Archives: News
Discus Fish Donates Namecoins to Namecoin Developers
A posting on the official Namecoin forum reveals that Bitcoin mining pool Discus Fish has donated 20,000 Namecoins to developers to bring the Namecoin client in line with the current Bitcoin client developed by Vessenes' foundation. At present there is a Github repository where code committed to this effort so far is currently available.
Namecoin was the first credible fork of the Bitcoin codebase and remains one of the few altcoins of enduring interest. The Namecoin project was born out of a desire to expand the principles that laid the foundation for Bitcoin's success in reinventing money to doing the same for Domain and other name services. Namecoin was even early enough to get suggestions and code commits from Satoshi Nakamato himself. Continue reading
Sony Now to Release Movie
The movie The Interview whose release was canceled under duress, is now being released. Once again some measure of coercion is likely involved.
GCHQ Says Its Surveillance Ability is Crippled Post-Snowden
According to the Telegraph the British Intelligence gathering agency Global Communications Headquarters, or GCHQ, is warning people that it apparently can no longer effectively track people they refer to as "some of the world's most dangerous crime lords." Problems they claim to face in the post-Snowden age include people taking better operational security measures to avoid surveillance as well as a fear on their part to engage in many of the kinds of surveillance that have been revealed because they might be discovered. They also report that cooperation from communications companies has become problematic in smuggling and fraud cases as the companies insist requests concern matters that involve “direct threat to life” now. Continue reading
Satoshi Nakamoto Institute Launch Podcast
Daniel Krawisz and Michael Goldstein of the Satoshi Nakamoto Institute today broadcast the first episode of their new podcast titled "The Crypto-Mises Podcast". Episode one covers app coins and why they are a bad investment and includes a response to Vitalek Buterin's article "On Bitcoin Maximalism, and Currency and Platform Network Effects."
The new podcast comes off the back of the duo's informative round table discussion series.
Belarus Experiences Bonanza/Currency Panic
In dueling narratives in today's news headlines in Belarus the country is simultaneously experiencing both a trade bonanza and a currency panic to which strong capital controls have been imposed in response. As this happens a Russian Member of Parliament hinted in a tweet that if President of Belarus Aleksandr Lukashenko warms relations with the west in an effort to improve economic prospects he might face a fate similar to Libya's Ghaddafi who fell in a coup supported by the United States after entering into a détente. Continue reading
Preet Bharara: Keep Politics Out of Ulbricht Defense
The Daily Dot reports that prosecutors in the Ross Ulbricht case working under Preet Bharara is seeking to bar Ulbricht and his defense team from bringing up the subject of Ulbricht's political beliefs at trial, and wants to prevent Ulbricht from saying anything political at all on the stand. Preet Baharara is himself specifically concerned that the defense wants to bring up: Continue reading
Former MoneyGram Executive Sued by US Government
The United States is suing former MoneyGram chief compliance officer Thomas Haider as prosecutors wish to hold him personally responsible for the fact that telemarketing scammers managed to at some point receive payments through MoneyGram's services. The suit was announced by Preet Bharara, the US Attorney for the Southern District of Manhattan and FinCEN director Jennifer Shasky Calvery. Continue reading
btcXchange.ro Dispute Heats Up
Earlier this week Romanian Bitcoin exchange btcXchange.ro issued an advisory that customers withdraw both Bitcoin and Leu denominated funds from their platform by today, December 19th. Today they issued a further advisory that issues on their platform are related to an ongoing dispute between that platform's management and their developer. Continue reading
Lawsky Walks Back From Original Bitlicense
There are reports that Ben Lawsky of the New York Department of Financial Services is walking back from this original Bitlicense proposal which would have effectively excised New York State from the world of Bitcoin, while still advancing a weaker version of the proposal which would have a similar effect. The rumors that he is offering a weaker version are based upon the contents of a speech he delivered today, though the actual text of his regulatory proposal is still unavailable.