Plattsburgh, New York is banning additional Bitcoin mining operations for the next 18 months. MT.Gox sell-off effects denied by Trustee Kobayashi. U.S. District Court and the Federal Trade Commission move against cryptocurrency scammers in Florida. Twitter will be banning certain types of ads relating to cryptocurrency investing and ICOs. The US Congress 2018 Joint Economic Report praises Cryptocurrency and Blockchain technology. U.S. President Donald Trump signed an executive order barring U.S. citizens from taking part in the Venezuelan Petro scheme.
Bitcoin hard fork expected August 1. Crypto universe prepares for life with two Bitcoins, BTC and BCC. Lots of news from Russia. SEC rules that DAO tokens were securities. White hat hackers return 95% of fund taken in Parity wallet exploit. Large Bitcoin mixer Bitmixer shuts down. Man uses TenX debit card to pay toll, buy fast food with Bitcoin. Delaware governor signs landmark blockchain law. New Hampshire blockchain exemption law takes effect next week. Ethereum Enterprise Alliance adds Mastercard and Cisco. Ethereum turns two years old on July 30!
We’ve written out short overviews of the topics discussed on today’s show below! Be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from Pedro and JJ!
The IRS issues guidance about how bitcoin transactions are taxed. Russia having all kinds of problems. The Dogecoin community raises money to sponsor NASCAR driver. Turkey tries new ways to censor. US Debt interest a significant proportion of revenue. Senator Joe Manchin backtracks on bitcoin ban. 11 GH/s bitfury USB miner uses just under 1 Watt.
Special guest Riaz joins Darren and JJ in the studio to talk about his experience starting a business that prefers Bitcoin. DDoS and spam attacks made against Bitcoin. Mt. Gox is dying and the market will be better for it. BitStamp halts withdrawals for a couple days and resumes while other exchanges are less effected by DDoS and spam attacks. Country Specific blockchains. Dogecoin rises with the advent of a Chinese exchange that offers to trade it as well as the halving of the reward. Gold and Silver prices and Bitcoin hash rate and difficulty.
Russia bans bitcoin. Man foolishly gets scammed out of $150k. Local bitcoin arrests in Florida, Special guest Amanda BillyRock destroys ipad in protest to Apple’s decision to ban bitcoin app. Mt. gox having trouble again. High speed internet available in bitcoin.
Mt Gox files for a money transmitter : CA send the Bitcoin Foundation a cease and desist letter, The Foundation responds : Worlds first crypto-currency based political zone : Opencoin integrates Bitcoin into Ripple : Winklevoss creates a Bitcoin ETF : China : Malware steals Litecoin : Bitcoin London : Argentina and Bitcoins
UPDATE BELOW. Reports are coming in that payment service Dwolla has been legally blocked from servicing Mt. Gox transactions. The Bitcointalk.org forum admin has supplied an image of his notice, posted below. The notice states that:
Due to recent court orders received from the Department of Homeland Security and U.S. District Court for the District of Maryland, Dwolla is no longer legally able to service Mutum Sigillum LLC’s [Mt. Gox] account.
UPDATE! I have received confirmation from Dwolla:
Thank you for your email. Yes, this is the case.
As of 12:13 PM on 5/14/2013, the U.S. District Court for the District of Maryland issued a “Seizure Warrant” for the funds associated with Mutum Sigillium’s Dwolla account (a.k.a. Mt. Gox). In light of the court order, procured by the Department of Homeland Security, Dwolla has ceased all account activities associated with Dwolla services for Mutum Sigillum.