Blog Archives

Is Ecuador’s proposed Bitcoin-like digital currency a desperation move?

Posted on 5th August, 2014

Last month, the long-troubled South American country of Ecuador came to the attention of the bitcoin community when the country’s Congress passed a new law that would create a state-backed digital currency, while at the same time banning the use of existing cryptocurrencies. The move struck many as extraordinarily preemptive, as bitcoin adoption in Latin […]

What the new Obama rules on marijuana money means for Bitcoin

Posted on 15th February, 2014

Yesterday, the Obama administration announced new guidelines allowing the banking industry to do business with legal marijuana sellers. While this is clearly a game changing moment for the mainstream financial sector, the implications for the growing Bitcoin market will also be significant. To understand why, it’s worth remembering that Bitcoin first entered the mainstream consciousness […]