BitLicense: Part Two

In our comment to the draft BitLicense last summer, we proposed changes intended to encourage a more efficient and effective regulatory structure for virtual currency businesses operating in New York. In December, the Department of Financial Services (DFS) released its revised BitLicense, which, to DFS’s well-deserved credit, accepted many of the industry’s proposed comments. But despite its improvement, the BitLicense retains two fundamental design flaws. First, the BitLicense unnecessarily duplicates federal anti-money laundering (AML) obligations. Federal guidance requires virtual currency exchanges (among others) to register as Money Service Businesses (MSBs) and establish risk-based AML policies in accordance with federal law. …read more

Same-Day Wire Deposits Now Available

We’re constantly looking for ways to make it easier to buy bitcoin. As part of that effort we’re excited to announce that users can now fund their Coinbase and Exchange accounts via bank wire transfer. Even better, those funds will often be available in less than an hour if sent before 3:30pm PT during business hours.To activate the wire deposit option, simply complete level 3 verification. For now, only users in approved US states with a US bank account can use the wire deposit feature.If you have any questions, our support team is happy to assist. You can reach us …read more

Cop Car Prank Inadvertently Shows People’s Blind Trust in Police…Except for the Last Guy

Internet prankster, Jack Vale, decided that it would be funny to pretend to be stuck in the back of a cop car and ask passersby if they would help him get out.
The intention of the video was to get laughs. However, this video shows us so much more about the blind trust of some people when it comes to the police.
As people walked by the car, most everyone turned their noses up at the would-be criminal locked in the back seat. But when the person in the back seat pretended to be a police officer, things got much different.
The scenario …read more

Video: SFPD Officer Beats and Pepper Sprays Homeless Man After He Fell Asleep On the Bus

San Francisco, CA– Surveillance footage has been released showing Officer Raymond Chu of the San Francisco Police Department brutalizing Bernard Warren, 36, a homeless man on February 11.
His crime? Sleeping on a bus.
The video begins with the officer attempting to wake Warren, who does not move very quickly toward the exit. As the officer starts to get impatient, Warren mutters at Chu, stating “Don’t touch me. I could beat your ass.” This was a pretty big mistake, but still not damning enough for the punishment he was about to receive.
Instead of having compassion, and maybe realizing this man …read more

February 2015 Ballot Access News Print Edition

Ballot Access News February 1, 2015 – Volume 30, Number 9 This issue was printed on white paper. Table of Contents BALLOT ACCESS BILLS INTRODUCED IN SIX STATES SOUTH DAKOTA BILL MAY BE AMENDED TO EASE DEADLINE STRAIGHT-TICKET BILLS VIRGINIA BALLOT ACCESS BILLS LOSE PENNSYLVANIA BALLOT ACCESS CHAMPION GAINS KEY POST TWO EVENTS BOLSTER MORE(More)… …read more

Announcing the Coinbase Developer Sandbox

We’re excited to announce the launch of Coinbase Sandbox, a dedicated test environment where merchants and developers can easily and safely test bitcoin functionality.The Coinbase Sandbox runs on testnet3, an alternate blockchain specifically designed for testing Bitcoin functionality. It does not require the use of live Coinbase accounts or real bitcoin. Testnet bitcoin have no monetary value and are used for testing purposes only.The Coinbase Sandbox API looks, feels, and behaves just like the actual Coinbase API, delivering an accurate and representative test environment. For more detailed information about Sandbox functionality, please visit our developer blog.To get started, simply sign …read more

Senior Citizen Held at Gunpoint, Forced to Remove Clothes in Public, Jailed, for Driving Classic Car

Las Vegas, NV — Because of the negligent actions of the Nevada Highway Patrol, a couple was humiliated, and their lives threatened, for stealing a car they actually owned.
Robin and Beverly Bruins were out for a drive in their classic car, when incompetent cops confused their license information and pulled them over.
“Driver! Remove your keys from the ignition and put them on the roof now!” screams the trooper over his loud speaker.
At first Robin Bruins found it funny that the senior citizen couple, who broke no laws, was being pulled over. But that changed quickly.
“Actually, I think I might have …read more