66128971
submission
MrBingoBoingo writes:
In a new development in the Case against Butterfly Labs, the Court overseeing the case has ordered bitcoins held by Butterfly Labs to be turned over to the Court appointed temporary receiver. The order also gives the receiver authorization to convert the bitcoins "to cash on a systematic and reasoned basis." The justification for this measure is at least to ostensibly create reserves with which refunds for Butterfly Labs customers may be paid from.
63877497
submission
MrBingoBoingo writes:
Recently a Bitcoin user reports being interviewed over their past use of a now defuct exchange service by agents from the FBI and Treasury Department. This encounter raises concerns that earlier Bitcoin users who entered the space inocuously and without ties to Dark Markets or The Silk Road might need to prepare for Law Enforcement questioning about their early Bitcoin related activities.
60804869
submission
MrBingoBoingo writes:
The United States Securities and Exchange Commission has extracted a Settlement from Erik Voorhees that consists of $15,843.98 in profits and a penalty of $35,000 for the high crime of having been involved in financing two offerings with Bitcoin. If you read the Security and Exchange Commission's actual filing you can see that all of the fines and settlements relate to FeedZeBirds with any actions relating to S.DICE on MPEx consisting of a strong finger wag and stern look. With the light assessment in this case, it seems that the SEC's ability to act in mature Bitcoin markets like MPEx may be limited unless they work to build cooperative relationships with those markets.
55699641
submission
