31 Jul '13, 10pm

Bitcoin

A type of digital cash, bitcoins were invented in 2009 and can be sent directly to anyone, anywhere in the world. You don’t have to go through a financial institution, which means no fees and no one tracking your spending habits. With a current market capitalization of $1 billion , bitcoins are beginning to be more widely accepted. You can use them to pay for a pizza or make speculative bets that could end up financing your child’s college education. But bitcoins, and other digital currencies, have also come under scrutiny. Liberty Reserve, an online payment system, was shuttered in the spring by New York authorities, who said the company used its digital currency, known as LRs, to launder up to $6 billion. And law enforcement officials have voiced concerns that bitcoins could also abet illegal transactions. Bart Chilton , a commissioner on the Commodity Futures Trading Co...

Full article: http://www.nytimes.com/2013/08/01/technology/personaltech...

Tweets

Coinbase cited by the @NYTimes as the easy way ...

nytimes.com 01 Aug '13, 2pm

A type of digital cash, bitcoins were invented in 2009 and can be sent directly to anyone, anywhere in the world. You don’...

@NYtimes report on #Bitcoin's expansion into re...

nytimes.com 31 Jul '13, 10pm

A type of digital cash, bitcoins were invented in 2009 and can be sent directly to anyone, anywhere in the world. You don’...

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coindesk.com 19 Jul '13, 7pm

The Bitcoin Foundation has asked the Financial Crimes Enforcement Network (FinCEN) to make sure its rule against Liberty R...