SARAH VALENTI—The regulation of cryptocurrencies has been the subject of several high profile hearings over the past few months. Despite all the attention, have we moved any closer to establishing regulations on this emerging market? Likely not, based on the IRS’s failure to put out comprehensive guidelines for investors and Congress’ failure to competently hold […]
JOSEPHINE JORGENSEN—2017 is a big year for Bitcoin: its value continues to rise and reach new records. Bitcoin reached a record high of more than $7,400 on November 3, bringing the market capitalization above $124 billion. Those that bought into Bitcoin early on have made an impressive return on their investment. An original investment of […]
JHANILE SMITH—BitCoin has attracted the wallets of many savvy investors and captivated the minds of people who are mystified by the “virtual currency” concept. Over the last half-decade, there has been an ongoing debate about whether BitCoin should be regarded as a security, currency, commodity, or classified as something completely new. However, this debate has […]
BY PAT MCBRIDE — On February 4, 2015, Ross Ulbricht was convicted on seven federal charges ranging from money laundering and hacking to trafficking forged identities and distribution of narcotics. These charges could carry a sentence of up to life in prison. Ulbricht was convicted of being the founder and kingpin of the Silk Road Bazaar—a […]
