While these are wonderful new innovations that no doubt will help alternative currency users, the current options come with catches as they are compromises between the old fiat system and their more innovative alternatives.
New stuff from Open Transactions, Bullion Vault and the ever evolving Bitcoin.
Vietnam’s ‘war on gold’, GATA’s TV appearance, Bitcoin’s struggles with how to police theft, e-billion news and more.
Bitcoin is now on Brazilian regulators radar. Recently the Comissão de Valores Mobiliários, the Brazilian version of the US’s the Securities and Exchange Commission, ordered a Brazilian man to suspend the operations of his investment fund. Leandro César, an IT Consultant from Belo Horizonte, had setup a small (~US$4,500) investment fund denominated entirely in bitcoin. http://www.bitcoinmoney.com/post/28048708075/brazil-bitcoin-securities
Ron Paul’s Audit the Fed bill passes the house http://www.bloomberg.com/news/2012-07-25/fed-audit-bill-opposed-by-bernanke-approved-by-u-s-house.html
Bitcoin continues its international expansion. In May, Bitcoin caught on in China with a 700% volume increase and BitInstant customers in the US, Russia and Brazil were given 700,000 more locations to purchase bitcoins. Now Bitcoin Nordic, a new Denmark based exchange, is looking to expand into the North Africa and the Middle East market by accepting CashU, a popular payment option in the region. http://bitcoinmagazine.net/bitcoin-nordic-brings-bitcoins-to-middle-east-and-north-africa/
I have recently heard, from a seemingly very knowledgeable source, that Bitcoin’s Android client is getting offline abilities. This means a transaction can be completed with only the merchant connected to the internet.
As I have been keeping a close eye on currency news while waiting for the launch of the new blog, I’ve ran across several interesting stories out of Europe.