When the cryptocurrency darkcoin launched earlier this year, it distinguished itself from dozens of bitcoin copycats by promising to keep users’ transactions far more anonymous than its predecessor. Now that promise is being tested in the Internet’s fastest-growing proving ground for privacy technologies: the online black market for drugs.
Soon after California lawmakers passed legislation that would update present day currency laws and eliminate bans on alternative currencies, Democratic Governor Jerry Brown signed the bill into law that would see digital currencies, such as bitcoin and litecoin, legalized.
What last week’s arrest of Charlie Shrem means for the virtual currency By Adrianne Jeffries and Russell Brandom A week ago, 24-year-old Charlie Shrem landed at JFK, home from giving a talk about the virtual currency Bitcoin at an e-commerce convention in Amsterdam. The trip had gone well.
First big U.S. online retailer to accept it The online retailer Overstock plans to accept the digital currency Bitcoin next year, the company’s top executive told the Financial Times, becoming the first big American online retailer to do so. Patrick Byrne said the online general merchandise shop plans to start taking Bitcoin as early as the second quarter in 2014.