digital currency

Winklevoss twins work to make Bitcoin more legit with SEC filing

Cameron and Tyler Winklevoss have emerged as two of the more steadfast advocates for the digital currency Bitcoin.

What is the Winklevoss' interest with the cryptic digital currency that is under scrutiny by governments around the world? Apparently, money.

The twins are best known for suing Facebook CEO Mark Zuckerberg with claims that he stole the idea of the social network from them. But, they've now moved on to new endeavors. The Winklevoss twins filed a trust registration statement with the Securities and Exchange Commission on Monday.

The "Winklevoss Bitcoin Trust" aims to give commodity buyers more … Read more

Feds don't plan to take down Bitcoin or other currencies

Even though the feds went after Liberty Reserve for alleged money laundering, they apparently don't have plans to crack down on all digital currencies -- as long as all rules are followed.

In an interview on Thursday with American Banker, Jennifer Shasky Calvery, the director of FinCEN, which is the U.S. Department of Treasury's law enforcement branch, said she sees virtual currency providers as financial institutions and looks at each one's actions separately.

"FinCEN has been out front in issuing our guidance to make it clear that we see virtual currency as a type of … Read more

Here's why Bitcoin is the future of money

The interesting thing about Bitcoin isn't what it is today. What's interesting is that this experiment is turning into a serious proving ground for the idea of "crypto-currency," digitally created currency protected by powerful cryptography.

Crypto-currency is traceable, more portable than paper money, and harder to steal. If the Bitcoin experiment proves successful, how soon will a government or other regime develop, back, and distribute crypto-currency as a true alternative currency?

My money, paper or virtual, says that day is coming.

A particularly evolved regime could officially back a crypto-currency, issue some basic standards and regulations … Read more