Drone Whistleblowers Kicked Out of Fiat System – Consider Bitcoin?

According to National Security and Human Rights lawyer Jesselyn Radack, a group of her clients is being ostracized from the fiat financial system as a result of blowing the whistle on certain aspects of the US government’s drone program. Taking to Twitter to complain, she asked if anyone had any suggestions. Soon, Bitcoiner Rey Poullard had suggested the new Coinbase debit card – apparently not seeing the irony, since one cannot have a Coinbase account without a bank account. Nevertheless, for the purposes of moving money around, Bitcoin could still …

Bitcoin Trading At Previous Price Ceiling

Bitcoin trading has brought price back up to the previous resistance ceiling near $330 and 2100 CNY. The chart is inconclusive and until we see the market take direction the sideways consolidation may continue. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 12h15 UTC BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: Continuing sideways consolidation – apparently around …

India’s Prime Minister Urges Global War On Terrorist Funding At Asset Recovery Conference

The Paris attacks last week were a reminder that terrorists possess remarkable adaptability in generating the finances to fund their activities, India’s Prime Minister Narendra Modi said in New Delhi on Wednesday at the 6th Global Focal Point Conference on Asset Recovery, according to The Hindu. Delegates from more than 30 nations attended the three-day conference at Vigyan Bhawan, New Delhi. The meeting was organized by INTERPOL, India’s Central Bureau of Investigation (CBI) and the World Bank – United Nations Office on Drugs and Crime (UNODC) StAR (Stolen Asset Recovery) …

Coinbase Launches First Bitcoin Debit Card In The U.S.

Coinbase has introduced what it claims is the first U.S.-issued bitcoin debit card, the Shift Card. This is a VISA debit card that allows Coinbase users in 24 U.S. states to spend bitcoin online and offline at more than 38 million merchants worldwide, the company announced on its website. Coinbase noted that merchant adoption of bitcoin has increased in recent years, but it’s still difficult for many people to make regular purchases with bitcoin. Purchasing gasoline or groceries at local outlets has not been possible in most …

Bitcoin Price Indecision Weighs Down Chart

Bitcoin price was eagerly sold to a low just above $300 before advancing away from it in equally enthusiastic trade. Apparently stuck in a rut above the $300 security blanket level, the market may not move significantly until the Fed fires the lift-off starter-gun in December. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h09 UTC Bitstamp 1-Hour Chart From the analysis …

Hawaii Wary of Bitcoin Legalization

Although a number of proposals have been put forth by bitcoin exchanges, Hawaii’s Division of Financial Institutions is debating if Bitcoin ought to be legal. Hawaii is currently debating proposals put forth by a number of applicants looking to become ‘money transmitters’ or bitcoin exchanges, according to Iris Ikeda, the commissioner of financial institutions in Hawaii. The Pacific Business News reports that the state’s Division of Financial Institutions ‘has strong reservations’ about bitcoin, a cryptocurrency that is currently illegal for tender in the island state. Speaking to the PBN’s Kathleen …

5 More Banks Join R3’s Global Blockchain Consortium

The global consortium of major banks and financial institutions looking to tap into block chain technology and headed by New York-based technology firm R3 has five more banks joining the ranks, bringing to a total that now figures 30 global banks. Blockchain startup R3’s initiative to use blockchain technology in financial markets now has five more participants in a group that contains the world’s biggest banks. BSNP Paribas, the Canadian Imperial Bank of Commerce, ING, MacQuaire and Wells Fargo are the newest members in the consortium that now stands at …

Ben Bernanke Is Worried Terrorists Could Use Bitcoin

Former Federal Reserve chairman, Ben Bernanke, believes the technology behind Bitcoin is interesting, but threats from terrorists make it a problematic payment solution. Anonymity is a “bug,” he claims. In an interview with Quartz, published November 19, Ben Bernanke opened up about Bitcoin. “It’s interesting from a technological point of view. We’re in a world where the payments system is evolving quickly and new approaches to managing payments are proliferating, and some of the ideas around bitcoin will no doubt be useful in doing that,” the former Federal Reserve chairman …

Chamber Of Digital Commerce Urges G7 Not To Overreact To Paris Attacks By Stifling Bitcoin

The Chamber of Digital Commerce (CDC), based in Washington, D.C., has urged the Group of Seven (G7) nations not to enact virtual currency regulations that will stifle innovation in seeking to prevent future terror attacks like the one in Paris last week. The CDC is concerned that the G7 countries want to restrict virtual currencies because they suspect Islamic State terrorists used and continue to use bitcoin. Stifling digital currency innovation would be counterproductive for law enforcement, according to the CDC. It claims the block chain offers law enforcement …

Ghash / CEX Scaling Back Mining Pool

This time last year, CEX.io and its Ghash.io were a force to be reckoned with. The company had achieved nearly 51% of Bitcoin mining, albeit not directly but through the use of a pool. While allegations never were too loudly amplified that the company would use the power to conduct 51% attacks against the Bitcoin network, many were concerned about the decentralization of mining. The company was also the target of DDoS attacks as a result of its unapologetic approach to centralizing hashing power. Over the course of …