Mike Hearn, one of the core developers for the last 5 years, has decided not to be a Bitcoin developer anymore and lit the roof on fire on the way out. I’m enjoying the fact that everyone is talking about Bitcoin with such ferocity again, but I’m not enjoying that the topic is based around it’s demise. People have predicted Bitcoin’s end before.
In business, there are winners, and there are losers. And even though we’re only just a few weeks into 2016, we already know who this year’s biggest business losers are – the mugs who bought stock in Dick Smith Electronics from private equity firm Anchorage Capital.
Adviser to Anchorage’s Investment Committee is none other than Allan Moss, former CEO of Macquarie Bank and the husband of former Independent Commission Against Corruption Commissioner, Irene Moss.
Last year, the Australian banking industry declared war on bitcoin and its related industry as they shut down BitCo's across the board devastating many companies to the point of bankruptcy and unemployment. Some even fled the country to relocate to a more friendly environment applicable to their business model.
Characterizing Wall Street as an industry run on "greed, fraud, dishonesty and arrogance," Democratic presidential candidate Bernie Sanders pledged to break up the country's biggest financial firms within a year and limit banking fees placed on consumers, should he become president, in a fiery speech on Tuesday.
He coupled that promise, delivered in front of a raucous crowd just a few subway stops from Wall Street, with a series of attacks on rival Hillary Clinton, arguing her personal and political ties make her unable to truly take on the financial industry.
As a currency driven not by a central government but by a vast network of independent computers spread across the globe, bitcoin has been slowed by regulatory problems—particularly in the US. But these are easing, with regulators in New York leading the way. Ultimately, bitcoin can still provide a much cheaper and simpler way of moving money from place to place, particularly when you’re a consumer or business moving it across international borders or a retailer accepting payments from online buyers.
READ MORE: http://www.wired.com/2016/01/thought-bitcoin-was-dead-2016-is-the-year-i...
Want to know how to turn $10m in to $520m in less than two years? Just ask Anchorage Capital. The private equity group has pulled off one of the great heists of all time, using all the tricks in the book, to turn Dick Smith from a $10m piece of mutton into a $520m lamb.
Having spent the morning poking through the accounts, we’re going to show you how it all happened.
Japan will aim to provide greater protection for investors interested in Bitcoin as it prepares for a legal framework to regulate digital currencies. A draft bill from within Japan’s Financial System Council will be submitted, and the group plans to hold further discussions as well as to provide a full report. The draft bill contains several proposals; registration with the Financial Services Agency (FSA) for all crypto-currency exchanges, as well as auditing, minimum capital requirements and identity verification of customers. The FSA’s role would then be to inspect exchanges, shut down non-compliant operations and correct faults by issuing orders.
READ MORE: https://btcmanager.com/news/finance/japan-set-to-unveil-digital-currency...