The Hunt For LulzSec's Missing Sixth Member
DavidGilbert99 writes "LulzSec's star burnt brightly in the short period it was active, but things quickly turned sour when its core members began getting arrested. Last week three of the six core members were sentenced in the UK, but this only served to highlight the fact that one member of the group, known as Avunit, has been able to remain unidentified despite the FBI having turned the group's leader Sabu into an informant. Who is Avunit? And does he hold the purse strings of the group's Bitcoin wallet which could have up to $180,000 in it?" As usual, be warned of the horrendous autoplaying video ads surrounding good content at the primary link.
EFF Resumes Accepting Bitcoin Donations After Two Year Hiatus
hypnosec writes "The Electronic Frontier Foundation (EFF) has started accepting donations in the form of Bitcoins again after a two year hiatus, stating that the legal uncertainty hovering over the digital currency has all but disappeared. On their blog the EFF noted that a report from U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN), in addition to their own findings, 'have confirmed that, as a user of Bitcoin or any virtual currency, EFF itself is likely not subject to regulation.'"
With $1.5M Led By Winklevoss Capital, BitInstant Aims To Be The Go-To Site To Buy And Sell Bitcoins
Cameron and Tyler Winklevoss, the twin Harvard graduates who famously sparred with Mark Zuckerberg over the founding of Facebook and are now working as tech investors through Winklevoss Capital, are part of the growing group of venture capitalists who have taken a keen interest in Bitcoins. Last month, it was revealed that they personally own roughly one percent of the currency, a stake worth the equivalent of some $11 million. And now, the Winklevosses tell TechCrunch they have invested in Bitcoin in another meaningful way -- by leading a funding round for a startup in the space. BitInstant, a New York City based startup that operates an online platform for buying and selling Bitcoins, has raised $1.5 million in a seed funding round led by Winklevoss Capital with the participation of other strategic investors including money services veteran David Azar. The investment was closed this past fall, but the Winklevosses are just now publicly announcing it in the lead-up to the Bitcoin Foundation's ...
Feds Seize Assets From Mt. Gox's Dwolla Acount, Accuse It Of Violating Money Transfer Regulations
Bitcoin exchange service Mt. Gox is experiencing some issues with U.S. authorities. The Department of Homeland Security issued a seizure warrant to Dwolla for the money in Mt. Gox’s Dwolla account. Mt. Gox users can’t use Dwolla as a funding option anymore even though it was one of the most popular options. The Japanese startup failed to register in the U.S. as a money transmitting company — president and CEO Mark Karpeles now faces up to five years in prison. Dwolla had no choice but to proceed with the request. IDG News obtained a copy of the warrant through the U.S. Immigration and Customs Enforcement (ICE), the investigation team of the Department of Homeland Security. In order to accept funds in dollars, Mt. Gox opened a Wells Fargo business account for Mutum Sigillum LLC (Mt. Gox’s American subsidiary). The company had to complete a document that states whether it provides money services or not. The warrant reads: “That document was completed on May 20, 2011, and identified ...
An Offer You Can't Refuse: Bitcoin Startup BitPay Raises $2M Led By Founders Fund (The VC Run By The PayPal Mafia)
BitPay, the startup with ambitions to become the PayPal of the bitcoin world, is today announcing that it has raised another $2 million. And in what is a kind of poetic justice, the round is led by none other than the Founders Fund, the VC started by what's commonly called the PayPayl Mafia.