Greeks are rushing to Bitcoin

By Jose Pagliery

With bank doors slammed shut, frantic Greeks are turning to online trading platforms to see if the digital money Bitcoin is a better bet than the euro.
The world's largest Bitcoin exchanges tell CNNMoney they've seen a surge of business from Greece.

Ten times as many Greeks are registering to trade bitcoins on the German marketplace Bitcoin.de than usual, according to CEO Oliver Flaskaemper. Bitcoin trades from Greece have shot up 79% from their ten-week average on Bitstamp, the world's third-largest exchange.

EU Banks Forced to Report Bitcoin-Linked Accounts Transacting Over €1,000

By Charlie Richards

An anonymous Dutch bank employee has revealed that major banks in the EU are applying new rules forcing banks to report, monitor or investigate accounts receiving or sending over €1,000 connected to bitcoin.

Taking to DarkNetMatters, the anonymous user identifies himself as a bank employee within the Dutch banking system. Referencing a memo seen in the bank offices, the user describes how accounts receiving more than €1,000 from known bitcoin-linked accounts should be subject to increased scrutiny, and reported.

Elon Musk's growing empire is fueled by $4.9 billion in government subsidies

By JERRY HIRSCH

Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space.

And he's built those companies with the help of billions in government subsidies.

Elon Musk’s SpaceX reportedly files with the FCC to offer Web access worldwide via satellite

Entrepreneur extraordinaire Elon Musk’s company SpaceX has requested permission from the US Federal Communications Commission (FCC) to test a project to beam high-speed internet via satellite, reports The Washington Post.

Musk first made his plans known in January at a SpaceX event in Seattle. The idea involves a network of 4,000 small low-cost satellites that would be deployed from the company’s Falcon 9 rocket and orbit Earth, while connecting to ground stations on the West Coast.

In Victory for Crypto Community, Russian Court Lifts Ban on Bitcoin Sites

By Allen Scott

A court in Ekaterinburg, Russia has effectively lifted the ban to Bitcoin-related websites blocked in January by authorities. The Sverdlovsk Oblast court has accepted the appeal of the blocked sites and dismissed the demands of the prosecutor’s office to leave the ban in place.

The Bitcoin community in Russia feels that it efforts to win the struggle have paid off. The founder of BTCsec.com, Ivan Tikhonov, called the court decision “a victory for the Bitcoin community, our mutual victory.”

Crypto Info Now Legal

Investigations Ongoing for Bitcoin Ponzi Scheme in Thailand

By Sarah Jenn

Bitcoin has been subject to a lot of fraudulent activity, owing partly to the decentralized and anonymous nature of cryptocurrency transactions. In addition to hacking attacks and bitcoin wallet theft, the digital currency has also been used as a means of money transfer in Ponzi investment schemes.

Penn State Professor Predicts Altcoin Will Replace Bitcoin

By Greg Matthews

If Distinguished Professor of Information Sciences and Technology at Penn State, John Carroll is correct, emerging alternative currencies like Dogecoin (DOGE) will replace Bitcoin in the near future.

According to Dr. Carrol, the only thing missing are some minor design adjustments and tinkering under the hood. He sees Bitcoin as the pioneer paving the way for other cryptocurrencies with less baggage.

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