• FSP-Rebel

    by Published on 07-15-2015 04:00 PM

    Backpage says “screw off” to squeamish credit card companies Visa and MasterCard by dropping fees for adult ads and announcing that it is going to accept all digital currencies like Bitcoin, Litecoin, and Dogecoin. Some estimates say Backpage’s acceptance could open up a $100m (£64m) opportunity for Bitcoin, since it is one of the site’s only remaining payment options.

    This decision came as Visa and MasterCard cut off their services to Backpage, citing illegal or brand-damaging activities as the reason. Therefore, users who want to post ads on Backpage must now use Bitcoin, Litecoin, or Dogecoin to pay the posting fees. The decision by the company makes it the first mainstream resource of its type to experiment with a cryptocurrency-only payment model.


    Backpage has been under pressure from lawmakers and law enforcement for years to end adult-services advertisements. However, Backpage’s profitability has enticed the company to continue operations. The Cook County Sheriff’s Department says that in April alone, Backpage published over 1.4 million adult-services ads in the U.S. and earned roughly $9 million in revenue per month through that channel.

    by Published on 06-02-2015 12:20 PM

    Seeks More Arms and Vehicles From US

    In an interview today on Iraqiya TV, Prime Minister Hayder Abadi made a plea for more US military aid, saying the country lost a lot of weapons over the course of last year’s war, including large caches abandoned by troops in the initial ISIS push last summer.

    “We lost 2,300 Humvees in Mosul alone,” noted Abadi. The Humvees weren’t destroyed, by and large, but were rather simply left behind by fleeing troops, and were subsequently taken by ISIS. The Humvees were only a portion of what was lost, as ISIS acquired tanks, artillery, armored vehicles, basically a small army’s worth of advanced US gear in the fall of the major city.

    After the fall of Mosul, the US began seeking to ratchet up sales and aid to Iraq, ...
    by Published on 05-12-2015 06:55 AM

    Sen. Rand Paul (R-KY) has appointed Overstock.com CEO Patrick Bryne to his tech counsel, a group that includes Michele Weslander Quaid of Google, and Brandon Hudgeons of Schoox and will help shape the presidential candidate’s tech platform.

    The move has left bitcoin lovers in a tizzy. Byrne was one of the first CEOs to embrace bitcoin on a mass-market retail platform and is considering using a blockchain-like system for selling shares of his company.

    Sen. Paul is also the first presidential candidate to accept bitcoin contributions, and he recently opened a “Silicon Valley office” at a space called StartupHouse.
    by Published on 03-21-2015 04:10 PM

    Sen. Rand Paul (R-Ky.) told POLITICO on Friday that foreign contributions to the Clinton Foundation are “thinly veiled bribes,” and said Hillary Clinton should return any donations from Saudi Arabia or other countries that abuse the rights of women.

    “The normal Clinton response is to cover up, deny, refuse to acknowledge,” Paul said in a telephone interview as he was being driven through New Hampshire. “But the question is whether the country will rise up and respond to the unseemly nature of accepting foreign donations. “
    Story Continued Below

    Paul said that in addition to Saudi Arabia, the foundation should return donations from the United Arab Emirates and Brunei.
    “In countries that stone people to death for adultery and imprison people for adultery,
    by Published on 02-10-2015 09:15 AM

    It has become now a worn-out cliche to point out that central bankers are destroying the world economy. All their stimulus and ‘quantitative easing’ is nothing more than naked money-printing. There is no substantive difference between counterfeiting to spend for one’s self, and what governments do, save some academic window-dressing. To think that money can be invented without consequences is folly. To think that bureaucrats can counter-cyclically intervene in the economy better than private actors, is in total defiance of history. Most absurd of all is the presumption that one dollar spent by government could amount to more than a dollar’s worth of economic activity. This tenet, if true, would legitimate a state-controlled economy. That self-professed capitalists can countenance such government
    by Published on 01-30-2015 10:35 AM

    There are many rumors being spread regarding McDonald’s possibly accepting bitcoin soon. The reason speculation is so high is due to their announcement of accepting a new digital currency soon. They entertained a variety of questions through twitter, and the response was particularly interesting when asked if it was bitcoin. The tweet towards McDonald’s was as follows:

    “So @McDonalds is going to start accepting a random type currency soon.. I wonder it its $btc #bitcoin”

    The response given was:

    “We don’t want to ruin the surprise! Hang in there, we promise it’s worth the wait!”
    by Published on 08-13-2014 06:23 AM

    Speaking to CoinDesk, Shrem elaborated on Payza’s goals, suggesting that the company’s biggest opportunities may be in catering to bitcoin’s merchant space.

    He explained that, unlike popular alternatives such as BitPay and Coinbase, Payza could become a one-stop solution for new merchants that want to capitalize on bitcoin but offer multiple payment methods.

    “[Payza will] be the only company where if a merchant actually wants to accept both credit card and bitcoin, they only need to work with one company,” he said.

    Shrem indicated that Payza does not charge users to deposit funds into their accounts, but that a 2% charge for users who buy bitcoin via the platform applies. Buyers lock in the price of bitcoin upon purchase, however, the withdrawal process can be expected to take up to three days.

    Given that users are not charged to send funds through Payza, Shrem also remarked that the offering could position the company to become a player in the remittance space, adding:

    “[We're] drastically bringing down the price of remittances – 2% total end-to-end. We’re going to be adding the ability to send deposit in bitcoin as well, so you can move bitcoin between accounts and it won’t cost anything.”

    The how-to tutorial is at...http://www.coindesk.com/payza-launch...190-countries/

    The bolded part is what I really appreciate. Now people in 190 countries can send money to their families for a 2% fee. Eat it Paypal and Western Union.
    by Published on 08-07-2014 03:42 PM

    To Offer Bitcoin Payment Acceptance

    ATLANTA--(BUSINESS WIRE)-- Global Payments Inc. (NYSE: GPN), one of the largest worldwide providers of payment solutions, today announced that it has signed a referral agreement with BitPay, the world leader in business solutions for the bitcoin digital currency. This relationship allows Global Payments to incorporate the cryptocurrency into its product suite and to offer bitcoin payment acceptance to its worldwide merchants.

    “We focus on delivering innovative products and services to our global customer base, and this relationship provides us the ability to offer our merchants an integrated digital currency payment choice,” said David Mangum, President and Chief Operating Officer for Global Payments. “We are pleased to partner with BitPay to provide next-generation payment solutions to our customers.”

    “This partnership with Global Payments allows ecommerce and retail merchants to easily accept bitcoin payments,” said Tony Gallippi, BitPay’s Co-founder and Executive Chairman. “The cross-border demands of global merchants present a great opportunity for bitcoin acceptance and will allow us to reach more customers in emerging markets.”

    by Published on 07-08-2014 07:16 PM
    Article Preview

    While there is no shortage of big name investors jumping on board the bitcoin bandwagon, one of those individuals, who happens to be a direct descendent of one of the most famous names in banking is sure to raise some eyebrows.

    Meet Mathew Mellon, offspring of the notorious banking family, who you can now add to the long list of bitcoin disciples. The former chairman of the New York Republican Party Finance Committee made a decision back in April that he wanted to get in on the bitcoin madness, and in doing so, he called on none other than the Winklevii for some insight.

    In an exclusive interview with Forbes, Mathew, whose direct ancestor happens to be Judge Thomas Mellon, founder of Mellon Bank, explains:

    “I feel like citizens are fed ...
    by Published on 07-02-2014 04:56 PM

    Central Bank Will Allow Use of Virtual Currency
    Russian authorities have softened their tone on Bitcoin; the central bank now says it won't hamper the usage of the virtual currency whereas previously it had vowed to crack down on the electronic payment instrument.

    The Bank of Russia is now accumulating information about so-called crypto-currencies and is not blocking Bitcoin, the central bank's first deputy chairman Georgy Luntovsky said Wednesday.

    "At this stage we need to watch how the situation develops with these kinds of currencies. These instruments should not be rejected," Mr. Luntovsky said.
    Continued: http://online.wsj.com/articles/russi...oin-1404305139
    Now we can put the some of these FUD rumors to bed.
    by Published on 06-10-2014 08:30 PM
    Article Preview

    Bitcoin is giving banks a run for their money. Now the same technology threatens to eradicate social networks, stock markets, even national governments. Are we heading towards an anarchic future where centralised power of any kind will dissolve?

    The rise and rise of Bitcoin has grabbed the world’s attention, yet its devastating potential still isn’t widely understood. Yes, we all know it’s a digital currency. But the developers who worked on Bitcoin believe that it represents a technological breakthrough that could sweep into obsolescence everything from social networks to stock markets... and even governments.
    In short, Bitcoin could be the gateway to a coming digital anarchy – “a catalyst for change that creates a new and different world,” to quote Jeff Garzik,
    by Published on 04-21-2014 05:22 PM

    Ben Swann will be filling in for Jerry Doyle on the The Jerry Doyle Show tonight!

    The Jerry Doyle Show aires 6 PM - 9 PM EST Monday thru Friday and aires on over 200 affiliates nationwide! According to Talkers Magazine, The Jerry Doyle Show ranks as the 7th largest syndicated show in the nation, with over 3.75 million weekly listeners.
    Station check http://www.jerrydoyle.com/stations
    by Published on 03-01-2014 02:31 PM

    By Brian Armstrong, co-founder and CEO of Coinbase.
    Mt.Gox is gone. The one-time biggest Bitcoin exchange closed its doors this week and filed for bankruptcy this morning. Questions about the future of Bitcoin have once again been up-leveled to the headlines of nearly every major media outlet.

    Over the past few weeks, we’ve seen a string of issues in the Bitcoin space, from the transaction malleability bug that ultimately closed Mt.Gox’s doors to a corresponding distributed denial of service (DDoS) attack that delayed transfers on multiple exchanges and services. These attacks, along with recent phishing scams and money-laundering arrests, have cast doubt on the Bitcoin space and caused consumer panic — which is fair.

    But what hasn’t been communicated well is how those who are truly invested in the future of Bitcoin remain totally confident, because with every attack, breach, and arrest, Bitcoin is getting stronger and proving to consumers and businesses it is not going away.

    Here is what is not being said about Bitcoin that should be.
    Meat and Potatoes @ http://techcrunch.com/2014/02/28/wha...about-bitcoin/
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