Announcing a Return to our Roots: The All-New Bitcoin Magazine

IntLicense: NYC’s 1994 Internet Regulation Proposal


         IntLicense: NYC’s 1994 Internet Regulation Proposal

The New York State Department of Financial Services has released a proposal for regulating the use of cryptocurrency. It is informally known as “Bitlicense”.Check it out here.The puoposal is currently in a “comment period”, where many individuals in the bitcoin industry, including Circle CEO Jeremy Allaire and Bobby Lee, founder of BTC China, have expressed their opinions; they have claimed it to be an innovation blocker.Many others, however, believe that this is a step towards legitimization for cryptocurrencies.One individual, Tone Vays, a Bitcoin Analyst and risk analysis veteran on Wall Street, and creator of LibertyLifeTrail has helped provided some new insight on Bitlicense.“I think the Bitcoin should get a chance and the benefit of the doubt to regulate itself in a free market as it is supposed to do.” says Tone.The question that Tone proposed is: What if these same regulations were imposed on the Internet in its infancy? Where would it be today? More importantly, where would we be today?To get a good idea, let’s hop on a time machine to 1994, the early days of the Internet. This is what it would look like if the New York “Department of Commerce and Telecommunications” released the “Intlicense.” Check out the full document here.The IntLicense was started by Tone Vays and had significant contributions by Julia Tourianski of Brave The World.<p  style=" margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;">   <a title="View IntLicense 1994 (drafted from BitLicense 2014) on Scribd" href=""  style="text-decoration: underline;" >IntLicense 1994 (drafted from BitLicense 2014)</a></p><iframe class="scribd_iframe_embed" src="//" data-auto-height="false" data-aspect-ratio="undefined" scrolling="no" id="doc_4738" width="100%" height="600" frameborder="0"></iframe>


Bitcoin Price Analysis: Blowing Through Support Levels on the Way to $3,000

Bitcoin continues to tumble lower and lower as it struggles to claim any footing in the market. It’s down almost 50% in three weeks and it’s showing very little sign of stopping. It’s currently clutching onto the $3,500 values but it doesn’t look like it can hold on much longer.

Bitcoin Schmitcoin

Op Ed: SEC’s Latest Declaration Creates Legal Minefield for Digital Assets

This broad, authoritative declaration is not unexpected, as, to date, the SEC has stated that all digital assets — regardless of whether they function as alt coins or utility tokens — are securities at least initially and, thus, subject to its jurisdiction.

Huhnsik Chung and Nicholas Secara

Op Ed: Cryptocurrency’s Unrealized Opportunities for U.S. Tax Professionals

Tax accountants and firms that specialize in cryptocurrency will emerge to capture and service this market. The first movers will be the ones who stand to capture the oversized profits.

David Kemmerer

Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?

Last month's attack on Tether contains a cautionary tale: Only those coins that can survive such attacks have the slightest chance of becoming the “holy grail" of stablecoins.

Henry He