Payments 2.0
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Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
Curated by Therese Torris
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BitInstant's CEO charged with money laundering over Silk Road scheme

BitInstant's CEO charged with money laundering over Silk Road scheme | Payments 2.0 | Scoop.it
US prosecutors have charged BitInstant CEO Charlie Shrem and an accomplice with running a scheme to sell over $1 million in bitcoins to users of the underground Silk Road marketplace.
Therese Torris's insight:

Bitcoin IS regulated : "Manhattan US Attorney Preet Bharara says: "Truly innovative business models don't need to resort to old-fashioned law-breaking, and when bitcoins, like any traditional currency, are laundered and used to fuel criminal activity, law enforcement has no choice but to act. We will aggressively pursue those who would co-opt new forms of currency for illicit purposes.""

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BitInstant becomes latest bitcoin theft victim

BitInstant becomes latest bitcoin theft victim | Payments 2.0 | Scoop.it
Using simple social engineering techniques, an attacker has managed to steal around $12,500 in bitcoins from virtual currency exchange BitInstant.
Therese Torris's insight:

Is Bitcoin distributedly controlled or out of control?

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Unfazed By Bitcoin’s issues, Silicon Valley VCs are keen to fund alternative digital currencies [An overview]

Unfazed By Bitcoin’s issues, Silicon Valley VCs are keen to fund alternative digital currencies [An overview] | Payments 2.0 | Scoop.it
Bitcoin's record highs and the ensuring surge in hacking attempts and thefts may be grabbing headlines. However, beneath the chaos, Silicon Valley's best-known venture firms are finally starting to make real bets around the crypto-currency...
Therese Torris's insight:

Relatively balanced overview of the Bitcoin business, its believers and its risks.

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