Bitcoin's Legality Around The World. Bitcoin's Legality Around The World. JPMorgan Report Slams Bitcoin As "Vastly Inferior" to Fiat Currencies. Released on 11th February, a new report by US-based multinational financial services company JPMorgan issued a sharp critique of bitcoin and other digital currencies.
New Documents Show Goldman Sachs is Discussing Bitcoin. New York-based global investment banking giant Goldman Sachs has completed an initial assessment of digital currencies that concluded they are currently too volatile for serious investors.
The news comes from noted online news source TechCrunch, which says it obtained a copy of an internal discussion document from a contact at Goldman Sachs. The excerpts posted by the media outlet provide evidence that Goldman Sachs is currently looking into the currency, though it is uncertain about its benefits. The bank even went so far as to suggest that it remains confused by the uproar surrounding virtual currencies. US Mulls Regulating Bitcoin Under Rules for Commodities. The US Commodity Futures Trading Commission (CFTC) has announced that it is investigating whether it has the authority to regulate bitcoin and other digital currencies, Reuters reports.
“We are looking into that,” Mark Wetjen, the CFTC’s acting chairman, said at an industry conference. “It’s been initiated, there’s been an internal discussion at the staff level.” Reloadable Debit Cards - TopTenREVIEWS. Reloadable Debit Cards - TopTenREVIEWS.
Credit Monitoring Member Benefits – TransUnion.com. Www.wired.com/images_blogs/threatlevel/2012/05/Bitcoin-FBI.pdf. Bit Coin. Receive payments from Paypal, Amazon, Fiverr, Odesk, Clickbank and many others to your local ATMs. Money for the Masses - Page 2. Earlier this month, a Silicon Valley mobile startup called Loopt was acquired for $43 million.
Even though Loopt had only a relatively modest user base, it was well known among the tech cognoscenti. But the same wasn’t true of the acquiring company. Who exactly, wondered many writers, was this outfit called “Green Dot”? In fact, Green Dot is something of an industry giant, an 11-year-old payments company with 4.5 million active customers who used it to complete $16 billion in transactions last year. If it was unknown to many otherwise well-informed tech observers, it’s because the company is targeting a market that, despite its size, is often invisible to the affluent elite whom tech companies usually cater to.
Green Dot is the biggest example of a new breed of financial-services company that aims extremely sophisticated technology at what might seem like a singularly unpromising demographic: the estimated 60 million American considered “underbanked.” Money for the Masses. Me, My Money, and My Devices. Money is a common language we all agree to use to convey the value of things.
Since the Chinese starting using cowrie shells as an early form of currency more than 3,000 years ago, societies everywhere have been looking for forms of money that are portable, divisible, durable, and reasonably stable in supply. Over time, money has become less physical and more symbolic: tangible commodities such as gold have given way to tokenized paper and now to ephemeral digits in a computer. The proliferation of digital communication technologies means we can now marshal our money with remarkable speed and ease—checking balances from a mobile phone, making a payment pretty much anywhere merely by showing a thin slab of plastic, buying and selling stock over the Internet. Yet beyond the transactional speed and convenience, our concept of money and the ways we handle it have not been radically transformed.
Mobile payments, meanwhile, still seem to many an unnecessary complication. Litecoin - Open source P2P digital currency. Worry-free Alternative to Traditional Banking. Economist Warns a Bitcoin Backlash May Be Coming from Governments and Banks.
Governments and established financial institutions are likely to launch a campaign to quash the decentralized digital currency Bitcoin, according to a leading economist and academic.
Simon Johnson, a professor of entrepreneurship at MIT’s Sloan School of Management, expects Bitcoin to face political pressure and aggressive lobbying from big banks because of its disruptive nature. “There is going to be a big political backlash,” Johnson said on stage at MIT Technology Review’s EmTech conference in Cambridge, Massachusetts, last Thursday. “And the question is whether the people behind those currencies are ready for that and have their own political strategy.”
Payoneer to Support Payments for Fiverr s Online Freelance Market. Green Dot - MoneyPak. Bitcoin ATM Converts Any World Currency Into Online Currency. The Hampshire-based company Lamassu has recently unveiled a new ATM prototype at the Bitcoin 2013 Conference in San Jose, California.
The device can be programmed to convert any world currency into Bitcoins, the online currency used by websites. To make a transaction the Bitcoin ATM prompts the user to scan a QR code from a phone, so that the machine knows where to send the Bitcoin. Then the user inserts money into the machine and the cash gets converted to Bitcoins and credited to the user’s account. The company’s founders Zach Harvey and Josh Harvey plan to sell the machine to vendors and distributors instead of basing their income on the ATM transaction fees. You can watch a demo of the Bitcoin ATM at the Nashua Liberty Forum.Via:psfk.com.