The Rise and Rise of Bitcoin: Q&A with Filmmakers Nicholas and Dan Mross – Video

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The Rise and Rise of Bitcoin: Q A with Filmmakers Nicholas and Dan Mross
"In the past, we #39;ve had the need for authority to make sure people stayed in the lines," says Dan Mross, a subject in the new documentary The Rise and Rise of Bitcoin. "Bitcoin kind of encodes...

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The Rise and Rise of Bitcoin: Q&A with Filmmakers Nicholas and Dan Mross - Video

@Midasmarni Interviews Andrew Ittleman on Bitcoin remittances – Video

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@Midasmarni Interviews Andrew Ittleman on Bitcoin remittances
MidasMarni Marni Melrose interviews Andrew Ittleman on Bitcoin remittances and the International Money Transfer Conference If you liked this show and want to see more tip us at 19mhfwvwZf5XyBzsCq...

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@Midasmarni Interviews Andrew Ittleman on Bitcoin remittances - Video

FCC kills Net Neutrality, Allows Fast Lanes — Bitcoin2014 Amsterdam — Ebay Bitcoin – Video

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FCC kills Net Neutrality, Allows Fast Lanes -- Bitcoin2014 Amsterdam -- Ebay Bitcoin
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FCC kills Net Neutrality, Allows Fast Lanes -- Bitcoin2014 Amsterdam -- Ebay Bitcoin - Video

Underage sex claims rock Bitcoin group

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As the most prominent trade group pushing adoption of the electronic currency Bitcoin begins its annual conference on Friday, it is being roiled by controversy.

At least 10 members of the nonprofit Bitcoin Foundation have resigned over last weeks election of onetime Disney child star and current Bitcoin entrepreneur and financier Brock Pierce as a new director, officials at the group said.

Some of the members cited Pierces troubled past. That includes allegations in lawsuits from three employees of Pierces first company, bankrupt web video business Digital Entertainment Network, that he provided drugs and pressured them for sex when they were minors.

Pierce has denied the accusations, which first surfaced in 2000.

The allegations against me are not true, and I have never had intimate or sexual contact with any of the people who made those allegations, Pierce told Reuters via email.

Court records show 33-year-old Pierce, who played the title role in Disneys First Kid, paid more than $21,000 to settle one employee suit, and he said others dropped their claims without money changing hands.

While Bitcoin Foundation officials played down the defections, several members who resigned from the foundation assailed its governance track record.

The track record of prominent Bitcoin Foundation members has been abysmal, Patrick Alexander, a resigning foundation member, said in a post on its discussion pages. I no longer want to be associated with these people. Attempts to reach him for additional comment were unsuccessful.

Though it is highly volatile, the value of the electronic currency in existence has skyrocketed into the billions of dollars as the number of businesses accepting it has increased and investors have sought to create new ways for it to be used.

More than 1,000 Bitcoin investors, business people and enthusiasts are expected to attend the conference in Amsterdam.

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Underage sex claims rock Bitcoin group

Bitcoin startup Circle unveils no-fee digital currency banking

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Bitcoin

Bitcoin is a hot commodity in the tech community, but its complexity is turning off many consumers.

Circle, a Bitcoin currency services startup founded in 2013, emerged from stealth mode on Friday with the launch of a suite of consumer financial services that bank on the belief it can take the cryptocurrency mainstream. The state goal of the startup's free product is addressing "the terrifying complexity and risk" many people associate with the digital currency.

Bitcoin has been the subject of wild rollercoaster value fluctuations in the past couple of years, skyrocketing from an exchange value of $2 a share in 2011 to about $1,000 last fall. Rather than facilitating speculation in the digital currency, however, Circle's Web platform is intended to allow users to create accounts for the everyday exchange of Bitcoin.

"Our goal is to make it easy for consumers to deposit and convert currency into a digital form that they can then use globally and instantly, not offer a trading exchange where they can bet on a speculative asset," Circle CEO Jeremy Allaire explained in a company blog post.

As Allaire explained, customers can deposit local currency into an account that converts the funds to Bitcoin and stores it for them without incurring any fees. Funds can then be sent and received globally in their digital form. Upon withdrawal, bitcoins will be changed back into the local currency and transferred to a bank.

To increase consumers' security confidence in its platform, Circle said it has instituted several features and processes to defeat the possibility of fraud or theft. The startup says its network architecture has been pressure tested by a cybersecurity company as well as black and white hat hackers who test the system's defenses.

The company also said it is employing "military-grade" encryption keys and keep funds in offline "cold storage" vaults it says are inaccessible to cybercriminals. "We maintain several geographically distributed secure vault facilities protected by multiple layers of access control, monitoring and armed guards," Allaire wrote.

To further assuage consumer fears, the startup notes that it's a regulated money transmitter in the US and promises that deposits made to its platform are fully insured, meaning that if a security breach results in the theft of funds, its customers are protected from loss.

The company is catering to Bitcoin's growing popularity and acceptance. Cryptocurrency ATMs have begun to pop up, some casinos have said they would accept digital currency payments, and even the US Federal Election Commission has said it would allow political action committees to accept donations in the form of Bitcoin.

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Bitcoin startup Circle unveils no-fee digital currency banking

Which Way Will Bitcoin Move Next?

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NEW YORK (TheStreet) -- It has been an uneventful week for bitcoin, everyone's favorite cryptocurrency.

The rally that started last week fizzled out after reaching an interim high of $445.95. From here, bitcoin against the U.S. dollar fell to a low of $426.75. After the lows reached earlier on Sunday, BTC has been moving aimlessly for the last three days. It is currently quoted at $436.73 (BTC-E). A move above $450 or below $412 will be needed in order for prices to break out of this range.

Looking at the daily chart, we seem to be at another potential turning point. The trend line that connects November's all-time high of $1,090 to the recent April swing high of $544.99 is under attack. A break of $450, or better yet $500, will be needed to confirm the upward momentum. However, keep in mind that we're still in a sustained downward trend and prices could just as easily reserve and break below the $412 low, leading to more losses.

Washington Acts on Bitcoin

It has been a busy week for Washington bureaucrats. First, the Federal Election Commission ruled that bitcoin donations can be used to fund political campaigns. However, due to the anonymity of the virtual currency, the FEC placed a limit of $100 worth of BTC on donations. Still, the move is a small win for bitcoin and will allow its supporters to fund bitcoin-friendly politicians with BTC.

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Which Way Will Bitcoin Move Next?

Bitcoin Foundation suffers member exodus over new director

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Summary: At least 10 Bitcoin Foundation members have jumped ship following the election of one-time Disney star and Bitcoin financier Brock Pierce as the organization's new director.

The Bitcoin Foundation (TBF) is enduring a member exodus following the election of one-time Disney star and Bitcoin entrepreneur Brock Pierce as its latest director.

According to Reuters, the organization's push for widespread adoption of cryptocurrency Bitcoin has caused mutiny in the Bitcoin Foundation's camp, and at least 10 members have resigned over the new director's appointment.

The nonprofit is the closest Bitcoin has to a regulatory body. The organization uses the slogan "Freeing people to transact on their own terms," and the group's aim is to standardize, protect, and promote the use of Bitcoin worldwide. TBF is also involved in lobbying as authorities grapple with ways to control the cryptocurrency.

However, Bitcoin has received less than positive press this year. The once-dominant Bitcoin exchange on the Web, Mt. Gox, shut unexpectedly in February. The founder and CEO Mark Kapeles said the exchange had been hit by cyberattacks that caused Mt. Gox to go bankrupt, leaving thousands of investors out of pocket. Following the closure of Mt. Gox, a number of other exchanges have closed, and both Russia and China have closed the accounts of Bitcoin traders, which has severely hampered the integration of Bitcoin as a legitimate currency.

The resignation of so many members of the Bitcoin Foundation is unlikely to help matters. Within the foundation's forum, members cite a number of reasons for their departures, including Brock Pierce being associated with alleged pedophilia, detailed in lawsuits from Pierce's first company the bankrupt Digital Entertainment Network where, former employees claim, drugs were issued and Pierce pressured minors for sex.

Pierce denied these allegations, which first came to light in 2000.

One member, Patrick Alexander, writes:

This is not the direction this foundation needs to take. The foundation members need to emulate very high moral values and ethics in business and in personal dealings, especially as it involves money. So far, the track record of prominent Bitcoin Foundation members has been abysmal. I know that most foundation members are probably swell people and are not like this. However, the acts of a few have overshadowed us all unfortunately.

I no longer want to be associated with these people.

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Bitcoin Foundation suffers member exodus over new director

Facts About Comets in the Solar System : Planets, Comets, Constellations & More – Video

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Facts About Comets in the Solar System : Planets, Comets, Constellations More
Subscribe Now: http://www.youtube.com/subscription_center?add_user=ehoweducation Watch More: http://www.youtube.com/ehoweducation Most of the comets in the s...

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Facts About Comets in the Solar System : Planets, Comets, Constellations & More - Video

How Does Studying Comets Help Science? : Planets, Comets, Constellations & More – Video

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How Does Studying Comets Help Science? : Planets, Comets, Constellations More
Subscribe Now: http://www.youtube.com/subscription_center?add_user=ehoweducation Watch More: http://www.youtube.com/ehoweducation Studying comets has been a ...

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How Does Studying Comets Help Science? : Planets, Comets, Constellations & More - Video