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BitAccess To Demonstrate Their Bitcoin ATM Before Canadian Senate Eric Calouro

While Robocoin was this week busy demonstrating their bitoin ATM on Capitol Hill, a similar occurrence is taking place up North in Canada. BitAccess, Canadian bitcoin ATM manufacturer, is demonstrating their kiosk before the CanadianSenate Standing Committee on Banking today. READ THE FULL STORY

Major French retail chain Monoprix is making plans to start accepting bitcoin payments on its merchant website this year, according to the companys director of e-commerce,Patrick Oualid. Oualid made his comments in aninterviewpublished yesterday (8th April) on French news siteJDN. READ THE FULL STORY

byKadhim Shubber| Published on April 7, 2014 at 10:39 BST UPDATE (7th April 13:40 GMT):GSM Solutions Managing Director Alan Donohoe has responded to our email, explaining that the employees who are receiving part of their pay in bitcoin work in the head office: We believed it best to start with our head office where we have fiveemployees who work with bitcoin on a daily basis, so they understood theimportance of this step in the evolution of bitcoin in Ireland. READ THE FULL STORY

ByAaron SankinonApril 06, 2014 These days, there are plenty of ways to acquire virtual currency. You can buy it on anexchange. You can withdraw it from aBitcoin ATM. You canmineit yourself. You canstealit in a massive, complex, multimillion-dollar heist. Now theres a new addition to that list: You can buy it oneBay.Without going out of its way to court much publicity, the online auction Goliath has quietlyadded a new categoryto its United States site where users can buy and sell virtual currencies likeBitcoinandDogecoin. READ THE FULL STORY

ByRichard Dunlop-WaltersonApril 03, 2014 TheBitcoincommunity has been beset by horror stories almost since day one.Mt. Gox, a Japanese Bitcoin exchange that filed for bankruptcy protection earlier this year, may go down as the most infamous. But its also triggering a long-needed attitude adjustment. One of Bitcoins core principles is that it negates the need to trust major financial institutions. But Bitcoin exchanges, where customers trade currency for Bitcoin, have always rendered that advantage moot. From the moment fiat currency is deposited on an exchange until its exchanged for Bitcoin and relocated to a privately-controlled wallet, the customers trust is placed entirely with the exchange. READ THE FULL STORY

But it can kill Mt. Goxs bankruptcy protection ByTim SampsononApril 02, 2014 A U.S. judge has ordered the embattled CEO ofMt. Goxto appear on American soil to answer questions related to the firms ongoing bankruptcy case. Despite the judges wishes, however, her order likely wont bring the French Bitcoin magnate to the United States. Mt. Goxs Mark Karpeles faces intense scrutiny overthe collapseof his company, once the worlds leadingBitcoinexchange, which lost more than $300 million worth of its customers digital currency before suddenly closing its doors in February. READ THE FULL STORY

Apr 1st 2014, 12:55 by G.F. | SEATTLE ONE does not often find $100m in ones tatty old wallet. But thats just what Mt Gox, the shuttered Bitcoin exchange, says happened a few days ago. While Mt Gox has filed for bankruptcy in Japan and America, and initially said that it had lost 850,000 Bitcoins (valued then at nearly $600m), it uncovered 200,000 (about $100m at todays rates) in a disused wallet that it thought was empty. It seems as though Bitcoins are being plundered continuously. Flexcoin, a smaller service, had a significant theft following Mt Goxs initial announcement, and opted to shut downalthough most of its coins were secured. Poloniex suffered a similar fate to a larger percentage of its customer holdings but remains in operation. China-based Vircurex last week exhausted its reserves following thefts in 2013 and froze withdrawals from older accounts as it attempts to produce new revenue to repay lost coins. READ THE FULL STORY

By Adi Robertson on April 1, 2014 02:40 pm Ross Ulbricht, who stands accused of running the Silk Road black market under the name Dread Pirate Roberts, says that new federal bitcoin laws make the charges against him invalid. In a filing over the weekend, Ulbrichts lawyers defended him against charges of hacking, narcotics trafficking, operating a criminal conspiracy, and money laundering. The first three charges, his lawyers argue, are unconstitutionally broad and cant be applied to the normal operation of a website, even one whose business is illegal goods. And the last charge, they say, makes no sense if there isnt actual money involved a possibility implied by a recent IRS decision. Ulbrichts defense against the first three charges largely amounts to an abdication of responsibility over what users did on the site: any actual drug trafficking would have been done by users of Silk Road, not the sites operator. Using the comparison of a landlord whose tenants operate a crack den, or a search engine that allows users to find illegal content, they argue that only civil penalties should apply, not the criminal ones federal prosecutors are seeking. At worst, Mr. Ulbricht allegedly acted as a conduit or facilitator for those engaging in illegal activity, not as a drug kingpin. And a hacking conspiracy charge, they say, is based only on the sale of malicious software through the site, not anything Ulbricht himself did. READ THE FULL STORY HERE

Ross Ulbricht, the alleged mastermind behind Deep Web black marketSilk Road, is broke. In an interview recently posted to YouTube, Lyn Ulbricht, Rosss mother, describes the tough time shes had raising money for her sons legal defense fund. Its been very slow, Lyn Ulbricht says. We are way behind. READ THE FULL STORY

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