Monday, 11 November 2013

Barge frenzy in SF Bay as Bitcoin ATM lands up North

11/01/13 It's a barge!

The mystery barge in the San Francisco Bay kept everyone guessing. Meanwhile, the first Bitcoin ATM landed in Vancouver.

Barge frenzy in SF Bay as Bitcoin ATM lands up North by NYFP

On other news:

"Ariel Zambelich/WIRED

Bitcoin, the world's most popular digital currency, has a big problem. Just ask David Spitzer.

On 20 August, Spitzer sold a Bitcoin on Mt. Gox, the world's best-known Bitcoin exchange, and immediately tried to move the money to his US bank account. Three weeks later, he's still waiting for the cash to appear. "It's taking an extraordinary amount of time," he says.

Earlier this year, after the feds seized its US bank accounts -- and $5 million (£3 million) in cash -- Mt. Gox temporarily suspended transfers to the US. At the time, the company said, it was halting transfers in order to pull off a technology upgrade, but as far as US customers like Spitzer are concerned, it hasn't been much of an upgrade. It's seriously hampering their ability to use the Bitcoin system.

Like other Bitcoin exchanges, Mt. Gox is having a hard time with US banks because there are big questions about whether it meets federal and state money transmission business regulations (the company did not respond to messages seeking comment)." Continues.

Of course, no such problems in Germany.  Never mind, there's always Xbox games whilst you wait for the second American revolution to bring back an honest government that's there to facilitate trade, not keep the mafia in control of the US economy."

Tune of the Week: God is an Astronaut "Age of the Fifth Sun" Official Videoclip HD

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