Bitcoin trader charged with money laundering in unusual case testing digital currency

A prolific bitcoin trader has been charged with money laundering in an unusual San Diego federal case. Morgan Rockcoons, 30, was arrested Feb. 9 at the Palms Hotel in Las Vegas where he'd been staying, according to court records. He is accused of selling bitcoin to an undercover agent who posed …
Google Alert – bitcoin

Men Charged for Fentanyl Analogue Distribution (deepd.tw)

According to U.S. Attorney William E. Fitzpatrick, a Drug Enforcement Administration investigation led to the arrest and indictment of two California men for their role in a large-scale fentanyl trafficking ring. The operation resulted in the distribution of fentanyl and fentanyl analogs across the United States.
The investigation began last year in August when the Drug…

Bitcoin

This whole “omg the transaction fees r so high, bitcoin is dying” thing is getting ridiculous. As a small business owner, I am charged 3% per credit card transaction and I am ALSO at risk for charge backs.

Crypto currency and bitcoin specifically is a game changer though we still are in the early phases of adoption. Transaction fees really aren't that much, especially when the transaction queue's aren't kept artificially high. As more people start to use bitcoin, this will stabilize.

Regardless though, I am just trying to show perspective. When you say that bitcoin transaction fees are too much, consider what merchants have to pay for credit card fees and the potential loss from chargebacks. And let's also think about cash usage. Just because a business accepts cash doesn't mean that they don't also incur additional costs such as armored trucks, security systems, etc that they need to use as a precautionary measure for security.

Bitcoin would alleviate so many of those costs and give businesses more security over time. As Bitcoin continues to evolve such as Lightning we can expect to see faster and cheaper transaction times.

Don't buy in to that Bitcoin is a terrible currency. As a matter of fact, it is a brilliant one and as time goes on, it will become more efficient and resilient.

submitted by /u/NosillaWilla
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Bitcoin