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The Monetary Future's Blog

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Banks Squander Opportunity in Bitcoin

December 9, 2013 Comments (0)

By Jon Matonis American Banker Monday, November 18, 2013 http://www.americanbanker.com/bankthink/banks-squander-opportunity-in-bitcoin-1063722-1.html It wasn't that long ago banks made the pitch, "Think of it as Money." It was captured for eternity on the walls of the Atlanta-Fulton County Stadium where Henry "Hank" Aaron surpassed Babe Ruth's all-time record of 714 home runs. This was just 39 years ago. Banks led the evolutionary shift from cash to card payment networks. Visa (V)...

Bitcoin: The Internet of Money

December 9, 2013 Comments (0)

By Naval Ravikant Startup Boy Thursday, November 7, 2013 http://startupboy.com/2013/11/07/bitcoin-the-internet-of-money/ Bitcoin will eventually be recognized as a platform for building new financial services. Most people are only familiar with (b)itcoin the electronic currency, but more important is (B)itcoin, with a capital B, the underlying protocol, which encapsulates and distributes the functions of contract law. Bitcoin encapsulates four fundamental technologies: Digital Signatures –...

Exante’s Bitcoin Fund Reports YTD Performance of 4,847%

December 8, 2013 Comments (0)

By Jon Matonis CoinDesk Monday, November 25, 2013 http://www.coindesk.com/exantes-bitcoin-fund/ Although technically launched in late 2012, Malta-based brokerage Exante released their 2013 year-to-date (YTD) performance statistics for The Bitcoin Fund last week. Listed in Bloomberg’s Comparative Fund Analysis section, The Bitcoin Fund came in with a 4,847% return, leading its peer group by a wide margin. The closest funds in the comparative analysis registered a year-to-date performance of...

US Has Already Ceded Dominance in Bitcoin Trading

November 25, 2013 Comments (0)

By Jon Matonis CoinDesk Saturday, November 16, 2013 http://www.coindesk.com/us-already-ceded-dominance-bitcoin-trading/ Expertise and dominance in a particular industry sector doesn’t come about by decree. It is achieved over years through repeated practice and creative experimentation. During the first three-and-a-half years of bitcoin’s development from 2009 to 2012, a large portion of that technological experimentation had been occurring in the US with multiple bitcoin trading...

Banking Innovation Depends on Bitcoin

November 4, 2013 Comments (0)

By Jon Matonis CoinDesk Thursday, October 31, 2013 http://www.coindesk.com/banking-innovation-depends-bitcoin/ With one firm swoop, banks could eliminate the threat from Apple, Google, and PayPal by embracing the new bitcoin cryptocurrency. Disruption doesn't always come from the outside but revolutions do form at the periphery which is precisely where Bitcoin sits today. It's easy to talk about conventional financial services disruption such as digital banking and mobile payments, because...

Silk Road Case Could Set Bitcoin Legal Precedent For Many Years

October 29, 2013 Comments (0)

By Jon Matonis CoinDesk Saturday, October 18, 2013 http://www.coindesk.com/silk-road-case-bitcoin-legal-precedent/ Now that an all-star attorney has been selected for the Silk Road operator’s defense, the big show moves to key disclosure laws and whether the Silk Road assets can ever be confiscated by the government. While the government presumably has control over the 26,000 or more bitcoin held in escrow for Silk Road customers, the larger asset base is the primary bitcoin addresses...

Bitcoin Foundation Comments on the Shutdown of Silk Road

October 18, 2013 Comments (0)

By Jinyoung Lee Englund Bitcoin Foundation Friday, October 4, 2013 https://bitcoinfoundation.org/blog/?p=277 We received several requests to comment on the shutdown of Silk Road. First and foremost, it is important to note that the sanctity of the Bitcoin protocol remains intact and it was not a weakness of the core protocol that led to the apprehension of Mr. Ulbricht. Although Bitcoin is not anonymous by...

SecondMarket's Bitcoin Offering Defines New Asset Class

October 12, 2013 Comments (0)

By Jon Matonis CoinDesk Monday, October 7, 2013 http://www.coindesk.com/secondmarkets-bitcoin-offering-defines-new-asset-class/ It’s not every day that a new asset class is born. The last time was probably a few decades ago when managed futures funds became an accepted asset class among portfolio managers. Now, alternative trading system company SecondMarket has launched The Bitcoin Investment Trust (BIT), an open-ended, private trust that is exclusively invested in bitcoin and derives its...

Armory and the Monetization of Bitcoin Wallets

September 29, 2013 Comments (0)

By Jon Matonis CoinDesk Wednesday, September 25, 2013  http://www.coindesk.com/armory-monetization-bitcoin-wallets/ A group of prominent investors recently made a play in the bitcoin wallet space by backing startup Armory Technologies, Inc. The $600,000 seed round investment will go mostly towards funding and expanding development. Interestingly, this placement brings into focus a much larger issue: the monetization of bitcoin wallets. It’s no mistake that Armory founder and CEO Alan...

Bitcoin Foundation Files Comments with Federal Election Commission

September 22, 2013 Comments (0)

The Bitcoin Foundation has filed comments with the Federal Election Commission (FEC) on the Conservative Action Fund PAC’s Advisory Opinion Request advocating for the Commission to allow bitcoin for contributions and to permit recipients to categorize contributions as monetary or in-kind at their discretion.