(Forbes) – In the midst of the IRS’s legal battle to uncover the identities of Bitcoin users, federal prosecutors have revealed that a state prosecutor’s office had to battle for its own private information, also involving Bitcoin. Pennsylvania’s Allegheny County District Attorney’s Office apparently paid a Bitcoin ransom to protect the privacy of its own information.
(TIME) – The economist Paul Krugman has taken criticism of Bitcoin to the next level, describing the unregulated digital currency as simply “evil.” Even Bitcoin defenders cannot claim that the cryptocurrency created in 2008 is stable.
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(Quartz) – India’s cash crunch is sending one currency soaring. Since prime minister Narendra Modi pulled Rs500 and Rs1000 notes from circulation on Nov. 8 in a bid to fight corruption and terrorism, the weekly volume of Bitcoin trading in India has nearly doubled from prior levels.
(Wired) – The company comes across as some sort of Silicon Valley gag: a tiny startup that seeks to reinvent the financial industry through artificial intelligence, encryption, crowdsourcing, and bitcoin. All that’s missing is the virtual reality.
(The Coin Telegraph) – According to Panos Mourdoukoutas, a contributor at Forbes, Bitcoin has been beating gold by a big margin so far this year. The digital currency has more than doubled in value, while the yellow metal has gained 8.73 percent; and both assets outperformed the S&P 500 and the 20-year U.S. Treasury bonds.
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(CoinDesk) – Dr. Kartik Hegadekatti of India’s Ministry of Railways posits in a new paper, entitled “Extra-Terrestrial Applications of blockchains and Cryptocurrencies,” that the tech could provide the basis for a space-based money in lieu of paper money or physical coins. Hegadekatti works for the ministry’s Commercial Department.
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(newsBTC) – If you’ve ever built a hedge fund, chances are you’re a financial magnate … And you’re probably really smart. 29-year-old South African entrepreneur Richard Craib certainly appears to be both as the creator of San Francisco’s latest hedge fund operation Numerai.
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(The Wall Street Journal) – Antony Jenkins, the ex-chief executive of Barclays PLC, said he has joined the board of directors of Blockchain, a London-based startup that provides services related to Bitcoin and cryptocurrencies. The company, named after the basic technology that creates the shared network used to move and track bitcoin, raised $30 million… View Article
(The Merkle) – Many gaming-related platforms have started to accept Bitcoin payment in recent times. In doing so, they make it more convenient for cryptocurrency users and gamers all over the world to satisfy their needs with ease. This is a positive development, and it is expected that even more companies will embrace cryptocurrency payments… View Article
(Bitcoin Magazine) – WikiLeaks’ public donation address recently received its 4,000th bitcoin. The nonprofit whistle blower site, which to a large extent relies on donations, reached this milestone on Nov. 12, with well over 25,000 incoming transactions over five years time.