15 May '13, 6pm

Homeland Security Shuts Down Bitcoin Use By Startup Company from @firedoglake

Thou shalt have no other gods before me. The State may have started the ball rolling on bringing an end to Bitcoins in America with Iowa based startup Dwolla. The virtual crypto-currency has been a thorn in the government’s side ever since the currency crossed the billion dollar mark . People have been operating businesses outside of regulation which is apparently only allowed by Wall Street. The U.S. Department of Homeland Security confirmed it has initiated legal action that prompted the Dwolla payment service to stop processing bitcoin transactions. Nicole Navas, a representative for U.S. Immigration and Customs Enforcement, confirmed the legal action to CNET this afternoon. Dwolla, a Des Moines, Iowa-based startup, which raised $16.5 million in funding two weeks ago, notified users about the move earlier Tuesday. It blamed the decision on “recent court orders” limiting...

Full article: http://news.firedoglake.com/2013/05/15/homeland-security-...

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news.cnet.com 14 May '13, 11pm

John Morton, director of U.S. Immigration and Customs Enforcement, Homeland Security's principal criminal investigative di...

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