24 May '13, 4am

Credit Union: Bitcoin's New Best Friends? via @IEEESpectrum

In March, the market value of all bitcoins in circulation reached one billion dollars , attracting new investors, but also closer scrutiny from regulators. Last week, Dwolla shut down an account which funds MT Gox, the most popular online bitcoin exchange, after the Department of Homeland Security served the payment processor with a warrant. (It was hardly the first problem exchanges have seen. Back in 2011, PayPal didn't wait for the regulators to act when it proactively closed the account of Coinpal , an individual who used to accept PayPal for bitcoins. In the early days, this service was one of the best ways for people to get their hands on bitcoins.)

Full article: http://spectrum.ieee.org/tech-talk/computing/networks/cre...

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