08 Aug '13, 3pm

Bitcoin

Bitcoin

This week, a ruling by a federal judge in Texas was cause for optimism among a small group of technologically minded investors. The case involved a man who had lured unwitting Bitcoin enthusiasts into what the Securities and Exchange Commission alleges was a rudimentary Ponzi scheme. The defendant (who referred to himself, inauspiciously, as a "pirate" in his online profile ) argued that the SEC couldn't sue him because the Bitcoin investments he was offering didn't amount to actual, real-life securities. The judge thought otherwise. The suit will proceed. And Bitcoin fans have concluded that Bitcoin is now a step closer to being respected as actual, real-life money. (My colleague Kirsten Salyer explains their reasoning here .) But instead of affirming Bitcoin's legitimacy as a new and revolutionary currency system, the case actually demonstrates its insoluble contradictio...

Full article: http://www.bloomberg.com/news/2013-08-08/did-the-sec-just...

Tweets

#Bitcoin is real - get over it... via @Finextra my latest post

#Bitcoin is real - get over it... via @Finextra...

finextra.com 08 Aug '13, 6pm

Regulators are primarily concerned about Money Laundering and anonymity when it comes to BitCoin. While no regulator reall...

Bitcoin, you are money.

wired.com 09 Aug '13, 8am

Casascius Bitcoins, physical coins that represent digital currency. Photo: Mike Caldwell Trendon Shavers recently turned u...

A judge says Bitcoin is money. Doesn't matter. ...

lfb.org 09 Aug '13, 3pm

“Bitcoin was designed to reduce transaction costs, and allows users to work together to validate transactions by creating ...

Federal judge: Bitcoin ‘can be used as money,’ subject to SEC

Federal judge: Bitcoin ‘can be used as money,’ ...

dailycaller.com 09 Aug '13, 1am

A federal judge ruled that Bitcoin, the fledgling online currency that has exploded in value since its initial introductio...

Bitcoin Users Are Struggling To Shrug Off A Tex...

businessinsider.com 09 Aug '13, 8pm

that Bitcoin can be considered a formal currency in a case regarding a man who allegedly ran a Bitcoin ponzi scheme. The r...

It's Not That Bitcoin Can Be Regulated As Money: It's That Now Bitcoin Will Be Regulated As Money: I'm slightl...

It's Not That Bitcoin Can Be Regulated As Money...

forbes.com 08 Aug '13, 1pm

First, the Court must determine whether the BTCST investments constitute an investment of money. It is clear that Bitcoin ...

Court officially declares Bitcoin a real currency

Court officially declares Bitcoin a real currency

rt.com 08 Aug '13, 3pm

The SEC asserts that Shavers made a number of misrepresentations to investors regarding the nature of the investments and ...

Bitcoin architect demystifies the digital currency

businessinsider.com 11 Aug '13, 4pm

I think Bitcoin will be an answer. I still tell people, only invest time and money into Bitcoin that you can afford to los...

What's Bitcoin Worth In The Real World?

readwrite.com 08 Aug '13, 7pm

We’ve all got at least a passing understanding of Bitcoin, that digital crypto-currency that can’t be regulated by any ban...

“Bitcoin is … money” — judge says SEC can target Ponzi schemer

“Bitcoin is … money” — judge says SEC can targe...

gigaom.com 07 Aug '13, 3pm

A Texas man who is being sued by security regulators for swindling investors failed to persuade a federal judge that the c...

U.S. judge says SEC can pursue Bitcoin-related ...

reuters.com 06 Aug '13, 11pm

By Sarah N. Lynch Tue Aug 6, 2013 6:55pm EDT (Reuters) - U.S. regulators got the green light from a federal judge to proce...

Bitcoin: Tax Evasion Currency

forbes.com 07 Aug '13, 6am

I’m a tax lawyer based in San Francisco (www.WoodLLP.com), but I handle tax matters everywhere. I enjoy untangling a tax m...

Texas federal judge declares Bitcoin a currency...

engadget.com 07 Aug '13, 6pm

Bitcoin's been in the news a fair bit lately due to the uncertainties surrounding the Mt. Gox exchange , where one can tra...

U.S. judge says SEC can pursue Bitcoin-related ...

news.yahoo.com 06 Aug '13, 11pm

(Reuters) - U.S. regulators got the green light from a federal judge to proceed with their lawsuit against a Texas man acc...

Bitcoin Under SEC Scrutiny: First Civil Prosecu...

jdsupra.com 31 Jul '13, 3am

On July 23, 2013, the SEC ventured into the electronic currency world by filing a civil complaint against virtual currency...