Bankrupt virtual currency dealer Mt.Gox finally had some good news for customers who have seen some 750,000 bitcoins lost from their accounts. Turns out some 200,000 of the missing crypto assets were hanging out on a lost hard drive somewhere.
Keep Bitcoin Free is a new effort to promote and develop core technologies to allow Bitcoin to grow and develop while maintaining the decentralization that makes Bitcoin unlike any currency before it.
Not that long ago, the virtual currency Bitcoin was one of the Internet’s great rebel causes, a digital form of money embraced by libertarians and anti-establishment types who saw it as a way to diminish the power of big governments and big corporations.
But Bitcoin’s growing popularity and a recent surge in value has caught the eye of entrepreneurs and venture capitalists, including some who are convinced that Bitcoin could be the biggest thing on the Internet since, well, the Internet itself changed our lives two decades ago.
The US Department of Homeland Security seized a payment processing account Tuesday belonging to Mt. Gox, the largest international Bitcoin trader, claiming the monetary exchange service falsified financial documents.
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the currency of an independent Scotland. Max argues that bitcoin will force the banking system to reinvent itself or die, for what can be more of an invisible hand but a cryptologically guarded, invisible currency. In the second half, Max talks to Glaswegian comedian, Frankie Boyle, about Scottish independence, Boris Johnson, the mainstream media, being semi-banned from the BBC and about George Osborne’s Help to Buy housing scheme being like eating toilet tissue while trapped in a loveless marriage caused by negative equity.