09 Aug '13, 4pm

Court officially declares Bitcoin a real currency

Court officially declares Bitcoin a real currency

A federal judge has for the first time ruled that Bitcoin is a legitimate currency, opening up the possibility for the digital crypto-cash to soon be regulated by governmental overseers. United States Magistrate Judge Amos Mazzant for the Eastern District of Texas ruled Tuesday that the US Securities and Exchange Commission can proceed with a lawsuit against the operator of a Bitcoin-based hedge fund because, despite existing only on the digital realm, “Bitcoin is a currency or form of money .” Trendon Shavers of Bitcoin Savings & Trust (BTCST) was accused last year of scamming customers out of roughly $4.5 million worth of the cryptocurrency through his online hedge-fund. Shavers promised investors a weekly return of 7 percent, according to the federal complaint, but shut-down his site after collecting upwards of 700,000 bitcoins. When the SEC charged Shavers last month w...

Full article: http://www.blacklistednews.com/Court_officially_declares_...

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worldtruth.tv 09 Aug '13, 8pm

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

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 ...

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

lfb.org 09 Aug '13, 3pm

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Court Rules Bitcoin Is Real Money

banktech.com 08 Aug '13, 3pm

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BitCoin Is Now Officially A (Schrodinger) Currency.

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readwrite.com 08 Aug '13, 7pm

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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 Declared Money By Federal Court (Video)

Bitcoin Declared Money By Federal Court (Video)

beforeitsnews.com 10 Aug '13, 1pm

This is a victory for those who want to get out of the “normal’ monetary system. A judge ruled in federal court that Bitco...

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economicpolicyjournal.com 09 Aug '13, 8pm

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#Bitcoin Ponzi Scheme Forces US Court Ruling Declaring it a ‘Real Currency’

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21stcenturywire.com 10 Aug '13, 9am

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

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

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finextra.com 08 Aug '13, 6pm

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

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jdsupra.com 09 Aug '13, 5pm

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Federal Court Rules That the Bitcoin Is Money

Federal Court Rules That the Bitcoin Is Money

infowars.com 10 Aug '13, 1pm

When the Securities and Exchange Commission (SEC) charged Trendon Shavers, the founder of Bitcoin Savings and Trust (BTCST...