Bitcoin Ponzi Scheme Perpetrator Fined $40 Million

A Texas man charged with defrauding consumers through an illicit investment vehicle has been ordered to pay more than $40m in fines by a federal judge. The Thursday ruling brought to close a case launched last July that drew headlines at a time when many in the mainstream US media were only… http://ift.tt/1mltU0c See it…

Newly Launched Cryptocurrency Enables Financial Transactions via Twitter

NEW YORK, NY, September 18, 2014 /24-7PressRelease/ — The cryptocurrency universe has broken new ground, thanks to an innovative coin known as SocialxBot (www.socialxbot.com). The currency is the first in history to use a Twitter bot that lets users send or receive cryptocurrency funds on the Twitter social networking platform. M Scott Maxwell’s insight: The…

Russia set to ban “surrogate” cryptocurrencies by 2015

Russia is set to become the latest country to restrict virtual currencies such as Bitcoin, after a top official announced that a law will be passed banning their exchange into real money by next sprin M Scott Maxwell’s insight: This follows the Russian Central Bank’s recommendation that Russians be “wary” of using cryptocurrencies back in January.  The ban…

Mars Cosmonaut Needs Bitcoin for One-Way Flight Home

[embedded content] Mars One candidate, Heidi Hecht, is looking to finance her Mars travel expenses using Bitcoin. Today, on Reddit, she posted a link to her StartJoin fund raising page which features the above video. According to her StartJoin description, Heidi strives to become the first Mars… http://ift.tt/1nRNQ60 M Scott Maxwell’s insight: Let’s hope the…

Bitcoin Ponzi Scheme Perpetrator Fined $40 Million

A Texas man charged with defrauding consumers through an illicit investment vehicle has been ordered to pay more than $40m in fines by a federal judge. The Thursday ruling brought to close a case launched last July that drew headlines at a time when many in the mainstream US media were only… http://ift.tt/1mltU0c See it…