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Author Topic: More Bad News For Bitcoin | TheBlaze | #bitcoin #bad #theft  (Read 910 times)
Coinbuddy
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May 21, 2014, 08:54:46 AM
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The feds are upping the pressure on bitcoin, launching new investigations into cryptocurrency exchanges and businesses that accept bitcoin, according to the Wall Street Journal.

The suspicion: bitcoin-based firms were directly tied to the now-shuttered online drug market Silk Road.


The investigations could lead to more arrests of leaders in the bitcoin community, like the January arrest of 24-year-old Charles Shrem, the CEO of the BitInstant exchange, who was charged with Silk Road-connected money-laundering.

It’s not yet clear which exchanges are being investigated in the new push, the Wall Street Journal reported Monday evening, but many exchanges including the Tokyo-based Mt. Gox have already received subpoenas.

“One of the people familiar with the matter said the investigation was at an early stage,” the Journal reported, “and conclusions hadn’t been reached as to whether the exchanges were connected with Silk Road.”

Bitcoin was the only currency accepted by Silk Road before the drug market was shut down and its founder, Ross Ulbricht, was arrested last year.

It’s just the latest in a string of bad luck for bitcoin, including the February theft of $470 million worth of bitcoin — 7 percent of the world’s supply — from the Mt. Gox exchange and the pervasive public opinion that the cryptocurrency is shady and unsafe.

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cuddaloreappu
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May 21, 2014, 09:01:38 AM
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let the FUD articles go to hell..i am going to be a bitcoin user no matter what the price of bitcoin is
Coinbuddy
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May 21, 2014, 09:13:18 AM
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let the FUD articles go to hell..i am going to be a bitcoin user no matter what the price of bitcoin is

true bitcoin spirit bro!

follow this

use bitcoin,promote bitcoin do not think whatever going about it

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May 21, 2014, 09:18:00 AM
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The feds are upping the pressure on bitcoin, launching new investigations into cryptocurrency exchanges and businesses that accept bitcoin, according to the Wall Street Journal.

The suspicion: bitcoin-based firms were directly tied to the now-shuttered online drug market Silk Road.


The investigations could lead to more arrests of leaders in the bitcoin community, like the January arrest of 24-year-old Charles Shrem, the CEO of the BitInstant exchange, who was charged with Silk Road-connected money-laundering.

It’s not yet clear which exchanges are being investigated in the new push, the Wall Street Journal reported Monday evening, but many exchanges including the Tokyo-based Mt. Gox have already received subpoenas.

“One of the people familiar with the matter said the investigation was at an early stage,” the Journal reported, “and conclusions hadn’t been reached as to whether the exchanges were connected with Silk Road.”

Bitcoin was the only currency accepted by Silk Road before the drug market was shut down and its founder, Ross Ulbricht, was arrested last year.

It’s just the latest in a string of bad luck for bitcoin, including the February theft of $470 million worth of bitcoin — 7 percent of the world’s supply — from the Mt. Gox exchange and the pervasive public opinion that the cryptocurrency is shady and unsafe.

So u had to make a new account to make this post ? I guess the bullish move of Bitcoin graph is disappointing you. So hard u tried but could not take the price down to 300 USD again Cheesy

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Coinbuddy
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May 21, 2014, 09:20:29 AM
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The feds are upping the pressure on bitcoin, launching new investigations into cryptocurrency exchanges and businesses that accept bitcoin, according to the Wall Street Journal.

The suspicion: bitcoin-based firms were directly tied to the now-shuttered online drug market Silk Road.


The investigations could lead to more arrests of leaders in the bitcoin community, like the January arrest of 24-year-old Charles Shrem, the CEO of the BitInstant exchange, who was charged with Silk Road-connected money-laundering.

It’s not yet clear which exchanges are being investigated in the new push, the Wall Street Journal reported Monday evening, but many exchanges including the Tokyo-based Mt. Gox have already received subpoenas.

“One of the people familiar with the matter said the investigation was at an early stage,” the Journal reported, “and conclusions hadn’t been reached as to whether the exchanges were connected with Silk Road.”

Bitcoin was the only currency accepted by Silk Road before the drug market was shut down and its founder, Ross Ulbricht, was arrested last year.

It’s just the latest in a string of bad luck for bitcoin, including the February theft of $470 million worth of bitcoin — 7 percent of the world’s supply — from the Mt. Gox exchange and the pervasive public opinion that the cryptocurrency is shady and unsafe.

what?
i have not created my account now.See the date registered bro.i am newbie

So u had to make a new account to make this post ? I guess the bullish move of Bitcoin graph is disappointing you. So hard u tried but could not take the price down to 300 USD again Cheesy

Ask your fed to do whatever they can... we are ready ...the strong hands Wink

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May 21, 2014, 09:43:24 AM
 #6

The Blaze....Glenn Beck's website.

He revealed his hand too early...Glenn Beck talks up Bitcoin on his show while using his website to bash it.

Alex Jones did the same exact thing.

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May 21, 2014, 10:07:52 AM
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let the FUD articles go to hell..i am going to be a bitcoin user no matter what the price of bitcoin is

FUD, eh? I just happen to know first-hand that some exchanges are indeed being looked into, with Bitcoin-Central at the top of the list, albeit not US-based. As for the latter, maybe, just maybe, any tied to Brock Pierce, no matter how loosely, are under the microscope.

JaJa... jajaja..

EDIT: I am not the OP, for all my user accounts on this forum are disclosed, with none cloaked.
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May 21, 2014, 10:34:33 AM
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The feds are upping the pressure on bitcoin, launching new investigations into cryptocurrency exchanges and businesses that accept bitcoin, according to the Wall Street Journal.

The suspicion: bitcoin-based firms were directly tied to the now-shuttered online drug market Silk Road..

1) No surprise.

2) This isn't "pressure on Bitcoin".

3) Swindlers, outlaws, scammers, tax cheats, money launderers and others; your free time may be quite limited.

4) Those that expect to fly under the radar are up against extremely power forces. They called them out, NOT Bitcoin!

5) Bitcoin is legit, completely legal. But just like physical cash, yes anyone can utilize bitcoins. So what? No story there!

6) That doesn't mean there wont be an underground that relies on bitcoin the currency, but it better have it's act all together!

7) As for any Tax Cheats: that goes double for you. The revenuers are the very ones to always obey. Get real. Wise up.

Cool What story? There is no story! What pressures? Nothing to see here.



How could it? Bitcoin is Bitcoin. Everything else is something else altogether different.

 That news isn't about Bitcoin at all.

 But instead about fraud, and other crimes.

 Like it or not some things are not legal.

 I don't agree with a lot of it either.

 But it is what it is until enough people convince the public and government otherwise.


Here is some other News:

*The USA Government is driving the gun industry, the legal cannabis industry, the porn industry, and payday lenders plus others to be "unwelcome in banks". - That's News worthy of getting everyone's attention!

 I too am against the payday lenders since very often they charge enormous levels of interest, far more than is called for even for the worst loan risks, and many never get out from under those debts, just like governments!!! But the Free Market is what it is until society demands to fix wrongs just like this.


 So the real point is this: What is the USA Government driving them all to? Answer: Bitcoin. Wonderful. That's News! Diabolically wonderful.
=======================================================================================


 Others may gasp and say nonsense. yet one after one industry after another industry, one sector after sector, one group after group, and person after person, are all turning to Bitcoin, and realizing it's many benefits over traditional currencies and payment systems with it's much lower costs for businesses and much superior benefits to everyone.

 Governments also need to break free of debt based fiat currencies if they ever hope to balance their own revenues to spending habits. It's the logical solution to make everyone, Government's included FREE from DEBT BASED currencies. Governments too desire Monetary Freedom from Central Banks. Covertly, and eventually through other means their triggering exactly what they desire. Little by little, piece by piece, many are breaking free from debt based usury fiat currencies. Hurray!


 Nothing that happens in politics is by accident.
==============================

 I still fondly recall our 'Bitcoin Love Fest' in November 2013 with the USA Government. Wow, what a site that was!

 Sure there are dark forces against Bitcoin and this Decentralized Monetary Revolution: The Central Banks & their Member Banks. Period.


 Just realize it's the Central Banks & their member banks, and NOT Governments per say that are the Peoples & Governments Monetary Enemies.

 Sure, many problems today, governments included. We almost all agree. USA very much included.
 Some things on the surface though might not be exactly as they seem.

 Don't fret. Nothing is capable of realistically stopping Bitcoin. That's just part of it's genius.

 Sure, swindlers, outlaws, scammers, tax cheats, money launderers and others had better think twice now. What were they thinking? They weren't! They were dreaming of fantasies and having delusions far from reality. Harsh reality tends to catch up with those types, eventually. But odds are Bitcoin will end up being utilized by both large and small drug smugglers too. So what? They utilize every other currency in the world too, and 100's of Billion's illegally laundered every year through o my God...BANKS! That's not news either. That's what currencies are used for too!

 Realize it's not about Bitcoin per say. At all. Even though some silly article or news outlet tries to spin it to fit their Owners desires. Guess who own about 40% of all the assets in the world today? Correct: The Biggest Banks. true fact. But only because of what should have never, ever occurred: Bailouts for Failure. Real Capitalism Never rewards Failure. Until that is things went terribly wrong, with lie after lie. All so the Losers could Stay In Control & Command, of Everything, and Everyone. Through their influence, corruptions, and threats, and a lot more.

 Governments Love Bitcoin too. Or at least their going to end up learning to love it as much as anyone else, if not more so, since it's going to usher in doing as much for them as it does for everyone else in the intermediate to longest terms. That's the sheer genius of Bitcoin.


 Of course your opinions might be different. Just realize that reality tends to catch up with those that run afoul of you know what.

 The one "Mob" I learned to respect (like almost everyone else) is to keep my Governments, and Law Enforcement, and the Judicial System on my side, but obeying the laws. I respect the laws, like them or not, agree with them or not. We gotta do what we gotta do. It is what it is. Be smart. Sure minor infractions, maybe. But serious ones? You have to be seriously stupid... A speeding ticket is one thing...

 *After all, far too often one is eventually found innocent until broke these days (a tip, a hint, and a very sad reality). aka a good lawyer!

 Governments love Genius too.



Bitcoin is Genius.
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DobZombie
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May 21, 2014, 12:01:16 PM
 #9


The feds are upping the pressure on bitcoin, launching new investigations into cryptocurrency exchanges and businesses that accept bitcoin, according to the Wall Street Journal.

The suspicion: bitcoin-based firms were directly tied to the now-shuttered online drug market Silk Road.


The investigations could lead to more arrests of leaders in the bitcoin community, like the January arrest of 24-year-old Charles Shrem, the CEO of the BitInstant exchange, who was charged with Silk Road-connected money-laundering.

It’s not yet clear which exchanges are being investigated in the new push, the Wall Street Journal reported Monday evening, but many exchanges including the Tokyo-based Mt. Gox have already received subpoenas.

“One of the people familiar with the matter said the investigation was at an early stage,” the Journal reported, “and conclusions hadn’t been reached as to whether the exchanges were connected with Silk Road.”

Bitcoin was the only currency accepted by Silk Road before the drug market was shut down and its founder, Ross Ulbricht, was arrested last year.

It’s just the latest in a string of bad luck for bitcoin, including the February theft of $470 million worth of bitcoin — 7 percent of the world’s supply — from the Mt. Gox exchange and the pervasive public opinion that the cryptocurrency is shady and unsafe.

Source? Or more bullshit made up stuff?

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May 21, 2014, 12:11:12 PM
 #10

let the FUD articles go to hell..i am going to be a bitcoin user no matter what the price of bitcoin is
Let's make a poll out of that quote, because I feel *exactly* the same.

I always refer to my will because there will be bitcoins left for my kids, no matter what price.

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May 21, 2014, 02:11:39 PM
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The good news is that these FUD articles aren't really having an impact on price anymore. Things seem to have stabilized and I really think we will be heading back up soon enough.
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