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441  Bitcoin / Press / Re: NEW articles in Press Forum on: December 08, 2012, 12:06:43 AM
2012-12-07 finextra.com - Bitcoin-Central secures PSP license

https://bitcointalk.org/index.php?topic=129709.0
442  Bitcoin / Press / 2012-12-07 finextra.com - (updated)Bitcoin-Central backtracks on PSP claims on: December 08, 2012, 12:05:55 AM
Quote
Original title: Bitcoin-Central secures PSP license
New title: Bitcoin-Central backtracks on PSP claims  (2012-12-10)

2012-12-07

http://www.finextra.com/News/FullStory.aspx?newsitemid=24361



A European Bitcoin exchange says that it has secured a license to operate as a payments service provider (PSP), bringing the crypto-currency into the formal economy.
...
Acknowledging that moving into the formal system is at odds with the libertarian ideals of some Bitcoin users, the firm says: "Some people might argue that regulation is a bad thing. We respect this opinion, but we'll have to agree to disagree."


2012-12-10 - article updated.
Quote
A European Bitcoin exchange has moved to "clarify" claims that it has secured a license to operate as a payments service provider (PSP), bringing the crypto-currency into the formal economy.

Quote
Update

Bitcoin-Central has now backtracked on its original claims, revealing that it has not become a registered PSP but will offer the new services thanks to a partnership between its parent company Paymium and Aqoba, which is a registered PSP.

Says a statement: "It is still a big development for a Bitcoin exchange to be able to operate legally within the European regulatory framework. Bitcoin-Central is leading the way in this respect. But we're neither a bank, nor a PSP. And we intend to keep it that way."



Finextra describes itself as:
 "Online community and newswire for the global financial technology sector"
and
"the leading independent newswire and information source for the worldwide financial technology community."

It often reports snippets regarding Bitcoin.


443  Bitcoin / Press / 2012-12-07 tucsonweekly.com - Bitcoins, the Web's Digital-Only Currency, Will So on: December 07, 2012, 11:54:33 PM
Quote
Bitcoins, the Web's Digital-Only Currency, Will Soon Have Its Own Bank

David Mendez
2012-12-07

http://www.tucsonweekly.com/TheRange/archives/2012/12/07/bitcoins-the-webs-digital-only-currency-will-soon-have-its-own-bank


Bitcoins, if you're not familiar, are a digital currency that have been established by those on the internet become, in some circles, the currency of the internet, due in part to its largely untraceable nature—and the fact that they're not backed by a government whose economy is unstable is a plus (we're looking at you, European Union).

...
We may very well be looking at the currency of the future here, folks. And it's only hardly more made-up than most currencies! Hooray!
444  Bitcoin / Press / 2012-12-07 geekosystem.com - Bitcoin-Central Approved to Operate as Actual Bank, on: December 07, 2012, 11:53:39 PM
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Bitcoin-Central Approved to Operate as Actual Bank, End of the World Clearly Nigh


Rollin Bishop
2012-12-07

http://www.geekosystem.com/bitcoin-bank-licensed/


...
Well, folks, it looks like Bitcoin is truly here to stay as the alternative currency of choice. In fact, its “alternative” status might even soon come into question.
...
Assuming all of this pans out, this could be just the beginning of the popular Bitcoin exchanges cutting deals with traditional institutions for similar benefits. It obviously also makes Bitcoin-Central a major target for those looking to commit any kind Bitcoin-related fraud going forward.

445  Bitcoin / Press / Re: NEW articles in Press Forum on: December 07, 2012, 11:40:28 PM
2012-12-08 theatlanticwire.com - Bitcoin Is as Legit as Paypal Now, in at Least One Country

https://bitcointalk.org/index.php?topic=129703.0
446  Bitcoin / Press / Re: NEW articles in Press Forum on: December 07, 2012, 11:39:56 PM
2012-12-08  motherboard.vice.com - The New Bitcoin Bank Defeats the Purpose of Bitcoin

https://bitcointalk.org/index.php?topic=129699.0
447  Bitcoin / Press / 2012-12-08 theatlanticwire.com - Bitcoin Is as Legit as Paypal Now, in at Least on: December 07, 2012, 11:39:05 PM
Quote
Bitcoin Is as Legit as Paypal Now, in at Least One Country

Rebecca Greenfield
2012-12-08

http://www.theatlanticwire.com/technology/2012/12/bitcoin-legit-paypal-now-least-one-country/59764/

...
Bitcoin, the occasionally frightening virtual currency that doesn't believe in government regulation, just got itself some. One of its exchanges, Bitcoin-Central, has received approval from France's government to operate as a payment service provider there, PayPal-style. With that relationship comes some insurance protection that should help get people trusting Bitcoin again.
...
448  Bitcoin / Press / 2012-12-08 motherboard.vice.com - The New Bitcoin Bank Defeats the Purpose of Bi on: December 07, 2012, 11:37:35 PM
Quote
The New Bitcoin Bank Defeats the Purpose of Bitcoin

Daniel Stuckey
2012-12-08

http://motherboard.vice.com/blog/bitcoin-bankers-want-to-steal-the-show

...
Regulating bitcoin? Banking it? Issuing bank cards? Gaining 'attractivity' from second and third-round investors? It's a classic sell-out story cruising along under some shield of financial nerdery.
...
To me it feels like these French dudes are bringing saltpeter to a rave. We'd call them "narcs" in another age. Efforts to cooperate with governing financial bodies signals nothing short of self-fascinated greed and far-reaching justification.
...
449  Bitcoin / Press / Re: NEW articles in Press Forum on: December 07, 2012, 11:27:13 PM
2012-12-08 thenextweb.com - New malware disguises itself as Trend Micro component, installs Bitcoin miner to make money

https://bitcointalk.org/index.php?topic=129695.0
450  Bitcoin / Press / 2012-12-08 thenextweb.com - New malware disguises itself as Trend Micro componen on: December 07, 2012, 11:26:43 PM

Quote
New malware disguises itself as Trend Micro component, installs Bitcoin miner to make money

Emil Protalinski
2012-12-08

http://thenextweb.com/insider/2012/12/08/new-malware-disguises-itself-as-trend-micro-component-installs-bicoin-miner-to-make-money

...
While threats trying to play themselves off as security solutions is nothing new, and neither are Bitcoin miners dropped by Trojans, putting the two together appears to be something new
...

For those who don’t know, Bitcoin is a decentralized digital currency, currently the most-widely used alternative to common forms of money (total market cap at over $100 million). Because it has no central issuer, it has no single authority and thus no way to lock out certain users (or countries) out of the network. It can be used to pay for certain transactions both offline and online.
...
451  Bitcoin / Press / Re: NEW articles in Press Forum on: December 07, 2012, 11:24:06 PM
2012-12-07 trendmicro.com - Trojan Disguised as Trend Micro Component Drops Bitcoin-Mining Malware

https://bitcointalk.org/index.php?topic=129694.0
452  Bitcoin / Press / 2012-12-07 trendmicro.com - Trojan Disguised as Trend Micro Component Drops Bi on: December 07, 2012, 11:23:19 PM
Quote
Trojan Disguised as Trend Micro Component Drops Bitcoin-Mining Malware

Gelo Abendan
2012-12-07


http://blog.trendmicro.com/trendlabs-security-intelligence/trojan-disguised-as-trend-micro-component-drops-bitcoin-mining-malware/

...
This downloaded package contains a bitcoin miner application created by Ufasoft.
...
Bitcoin is considered digital currency and can be used to pay certain transactions online. This attack is timely because of the news that Bitcoin Central has been approved by the law to function as a bank where exchange from Euro and Bitcoins are now possible.

For the past years, there have been cases wherein systems are infected with Bitcoin-mining malware and turning them into unwilling “miners”.  In turn, these (systems) churn Bitcoins for the benefit of the bad guys while the affected users are left in the dark.  Besides generating profit for its authors, this malware consumes too much of the system’s resources. In sudden slowdown of the system always check your running processes and search for unknown running application. This occurrence maybe caused by a possible infection of Bitcoin mining activity.
...
453  Bitcoin / Press / Re: NEW articles in Press Forum on: December 07, 2012, 11:12:25 PM
2012-12-07 cbc.ca/cbcnews - Bitcoin digital currency site to operate like bank in France


https://bitcointalk.org/index.php?topic=129692.0
454  Bitcoin / Press / 2012-12-07 cbs.ca/cbcnews - Bitcoin digital currency site to operate like bank on: December 07, 2012, 11:11:48 PM
Quote
Bitcoin digital currency site to operate like bank in France
Bitcoin-Central partners with French financial firms Crédit Mutuel, Aqoba


2012-12-07

http://www.cbc.ca/news/technology/story/2012/12/07/bitcoins-banking-euro.html

...
Bitcoin-Central – one of many exchanges that allow users to swap digital cash — got the green light on Thursday to partner with French bank bank Crédit Mutuel and payment service company Aqoba.

That means it joins the likes of PayPal in becoming a registered payment services provider (PSP).

...

Digital system a good way to hide cash

...

Bitcoins are the most widely used alternative currency. They are managed and exchanged through different websites and software that use peer-to-peer networks to enable the transfer of digital funds and employ cryptography to prevent users from double spending, counterfeiting or stealing Bitcoins.

455  Bitcoin / Press / Re: 2012-12-07 the verge - Bitcoin exchange gains clearance to operate as real bank on: December 07, 2012, 11:09:22 PM
"And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their
right hand, or in their foreheads: and that no man might buy or sell, save he that had the mark,
or the name of the beast, or the number of his name." - The Revelation 13:16-17

 Roll Eyes
Bitcoin is so 'nothing like that'...  whenever I see this idea pop up in comments on articles (and it does) - it just confirms the poster is not only suffering under some superstitious old mind virus, but they don't have the slightest idea how Bitcoin works.   
456  Bitcoin / Press / Re: NEW articles in Press Forum on: December 07, 2012, 11:01:51 PM
2012-12-07 mobilepaymentstoday.com - Commentary: The future of cash in a mobile-digital world

https://bitcointalk.org/index.php?topic=129691.0
457  Bitcoin / Press / 2012-12-07 mobilepaymentstoday.com - Commentary: The future of cash in a mobile- on: December 07, 2012, 10:59:48 PM
Quote
Commentary: The future of cash in a mobile-digital world

Mike Lee
2012-12-07

http://www.mobilepaymentstoday.com/article/204925/Commentary-The-future-of-cash-in-a-mobile-digital-world


What will happen to money, and especially cash, in this new electronic age? Will all money eventually be digitized?
...
The rise of 'fiat' money
...
Today's so-called "fiat" money is in itself useless. It is simply an agreed-upon medium of exchange. And the value of money is determined purely by the supply and demand of market forces. By the time computers and the Internet came along, money had already become an abstract symbol. So why not turn it into a mathematical symbol, a mere matter of digits?

This is what is happening with the growing number of Internet-based virtual currencies such as BitCoin. BitCoin describes itself proudly as a P2P digital currency or electronic cash system that "does not need authorities to manage [it]". It works by creating a digital wallet, stored on an online system, for each client. Payments can be made to other registered users on the BitCoin network.
...

But e-cash is "a chain of digital signatures." Oh dear, what happened to the KISS principle here? Nakamoto describes the technical complexities of running the virtual BitCoin currency in his paper "Bitcoin: A Peer-to-Peer Electronic Cash System". The man in the street will not understand all the jargon used in his analysis (nor do I).
...

458  Bitcoin / Press / Re: NEW articles in Press Forum on: December 07, 2012, 08:02:39 AM
2012-12-07 risky.biz - Risky Business #266 -- ToR, BitCoin, crooks and quantum key distribution

https://bitcointalk.org/index.php?topic=129586.0
459  Bitcoin / Press / 2012-12-07 risky.biz - ToR, BitCoin, crooks and quantum key distribution on: December 07, 2012, 08:01:23 AM
(Audio)

Risky Business security podcast number 266

Quote
Risky Business #266 -- ToR, BitCoin, crooks and quantum key distribution

hosts: Patrick Gray, Adam Boileau
2012-12-07

http://risky.biz/RB266

...
On this week's show we're talking ToR and BitCoin with Alice Hutchings, a Senior Researcher and Analyst with the Australian Institute of Criminology's Global, Economic and Electronic Crime Program.
ToR helps dissidents in foreign countries access information their governments deem unsavoury -- but it also provides a layer of protection to the consumers of child porn. Combine it with technology like BitCoin and bang, you've got Silk Road. Given the illicit uses of such technology, is volunteering to run a ToR server moral?
...

Interview with Alice Hutchings begins at about 27:40 minutes in.
(Mainly about Tor..  39:50 Bitcoin is discussed and compared to Hawala systems, particularly with regard to money laundering.)


About Risky.biz
Quote
Risky.biz is the home of the Risky Business security podcast, which was first published in February 2007.
Since then, Risky Business has published over 200 episodes and developed a significant following among security, intelligence, risk and law enforcement professionals.
...
460  Bitcoin / Press / Re: NEW articles in Press Forum on: December 07, 2012, 07:43:25 AM
2012-12-06 examiner.com -  AntiWar.com is now accepting Bitcoin

https://bitcointalk.org/index.php?topic=129584.0
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