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Bitcoin Scams on the rise

A review of some of the most dangerous Bitcoin frauds

Some scams that many Bitcoin users may fall prey to are one of the easiest to avoid. Bitcoin, with its decentralized trading system, is open to many malicious schemes of hackers and scammers. Recent reports indicate that Bitcoin scams are on the rise. In this article we will discuss some common Bitcoin frauds.

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Bitcoin Transfers to Get More Regulated In New York

Fortune magazine’s Daniel Roberts has reported that Benjamin Lawsky, Superintendent of the New York Department of Financial Services is finalizing a new license that will require all digital currency companies to apply for a “Bit License" before they can conduct Bitcoin transactions. This license will serve to regulate Bitcoin transactions and will help curb any illegal activities done through this crypto currency.

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Bitcoin Core Developers to be supported by MIT's Digital Currency Initiative

Bitcoin Foundation, the powerhouse of all Bitcoin funding and responsible for the development of the Bitcoin Core. The Bitcoin Core’s lead developer Gavin Andersen heads this Non-profit organization, where he works as the chief scientist.

The Core Developers, Gavin Andresen, Cory Fields and Wladimir van der Laan decided that MIT’s resource could be a valuable addition to the research and development of Bitcoin. Gavin Andresen himself announced the news on his blog. It is important to remember that BitCoin Core Developers are those founding members of the Bitcoin Foundation who have supported the Bitcoin revolution since its very early days.

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