‘Party Monster’ To Be Released, Has Quit The Party
Michael Alig, the co-founder of “Club Kids” who has spent seventeen years in prison for murdering a friend over a drug deal, is due to be released on Cinco de…
Republican Mayor Sends Cops To Home Of Twitter Parodist
Peoria Mayor Jim Ardis was upset that someone created a Twitter account to make fun of him. So, naturally he called the cops on the guy. As a result, police…
Bitcoin Boss Flees Cyprus ‘After Threat’
The boss of a Bitcoin company in Cyprus has fled abroad days after it suddenly stopped operations, in a blow to the virtual currency's once vaunted prospects on the island.…
Ross Ulbricht’s New Silk Road Defense: ‘Bitcoins Are Not Money’
Lawyers for the man alleged to have run an online black market called “Silk Road” are vigorously defending their client today with an innovative new tactic. Because the IRS recently…
IRS To Treat Bitcoins As Property Rather Than Currency
As we have been saying for months now, the biggest challenge faced by bitcoin proponents is their own unwillingness to accept minimal regulations that would shore up the flagging value…
Bentcoin: Charlie Shrem Touts Bitcoin Conspiracy Theory
Charlie Shrem, the CEO of BitInstant and a vocal leader of the Bitcoin Foundation until his recent arrest for alleged money laundering, spoke to the Texas Bitcoin conference by Skype…
Steve Stockman’s Campaign Style Is An Insult To Democracy
Yesterday, Senator John Cornyn won his Republican reelection primary walking away and put Steve Stockman out of Congress by a 46-point margin. The tally from the Secretary of State shows…
Yet Another Blow To Bitcoin: Flexcoin Shuts Down In Wake Of Hack
We are bitcoin skeptics here at BU, so we are not surprised at all to learn that another bitcoin “bank” shut down yesterday after a hack of its “hot wallet”…
Steve Stockman’s Mugshot
Steve Stockman is expected to lose badly to incumbent Senator John Cornyn in a Texas primary race today, and we are almost sorry to see him go. Almost. We present…
Bitcoins “Fragile As Eggshells,” Collapsing In Value
Security firm Trustwave announced this week that they have discovered the largest-ever criminal hack on bitcoins. Such schemes have overwhelmed speculators and technology fans, so the leading virtual currency is…