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Coins of the United States

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Original author: 
Aaron Souppouris

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The asset freeze at Mt. Gox was due to the Bitcoin exchange's failure to obey financial regulations as required by US authorities. The news comes via IDG, which obtained a copy of the seizure order from the US Immigration and Customs Enforcement (ICE).

The agency froze the Dwolla (a US-based online payments system) account of Mutum Sigillium (aka Mt. Gox) on the grounds that it had lied in an official form. When asked if his company "[accepts] funds from customers and send[s] the funds based on customers' instructions," Mt. Gox CEO Mark Karpeles answered "no." When asked if Mt. Gox "deal[s] in or exchange[s] currency" for its customers," Karpeles again answered "no." In both cases, it seems likely — and ICE asserts — that these...

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The total number of Bitcoins in circulation just hit 10.5 million, triggering a safeguard against inflation that was hardcoded into the digital currency. This means a drastic change in the number of new Bitcoins being created, which is expected to have a huge impact on the economy that has been developing around the ecurrency.

The safeguard has to do with the "block reward," the number of Bitcoins that can be created at a time, which has dropped from 50 to 25. Bitcoin miners, geeks who configure their own computers to mint the cultish digital currency, have been waiting for this moment for a long time — about four years, which is how long Bitcoins have been in circulation.

The sudden scarcity of new coins is likely to drive the value...

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Opening at the Half King in New York: Antonio Bolfo - IMPACT: Life on the Housing Beat

‘We were as green as could be, and like other Impact officers I hit the ground running with little to no knowledge of how to operate on the street.  Yet we were expected to  …  solve family disputes, console the parents of murdered children, and entertain the neighborhood drunk.’

- Antonio Bolfo

New York, NY — On July 24th, Antonio Bolfo’s photo exhibit of rookie police officers charged with patrolling a South Bronx housing project will open at The Half King. Bolfo undertook this photo project as an NYPD insider—for two years he worked in a police program called Operation Impact. With only six months of academic training, he and his confederates had to conduct manhunts, defend the helpless, and supply emotional succor to victims of violence.

On opening night, Antonio and Ed Conlon, former NYPD detective and author of Blue Blood, will moderate a slideshow and discussion of Antonio’s work.

The Half King - 505 West 23rd Street, NY, NY 10011    

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