Robocoin Launches $10k Incentive Program to Promote Bitcoin ATMs

From CoinDesk

“Bitcoin ATM pioneer Robocoin has launched a new campaign to get its machines installed around the world: offering a $10,000 bitcoin incentive to promoters who sign up.

The ‘Robocoin Ambassador Program’ offers participants 25% of a machine’s fee revenue until the amount reaches $10,000.

To earn that $10,000 an Ambassador needs to find potential Robocoin operators, guide them through the purchase process and then actively promote machines ones they’re installed.”

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4 Reasons Bitcoin Hoarders Are Screwed

From Cracked

“In the last several months, you might have heard stories about people striking it rich and losing big by speculating on virtual money - or cryptocurrency, if you want to sound all fancy-pants cyberpunk and shit - known as Bitcoin.

Despite Bitcoin's volatile busts and booms (one bitcoin cost $13 in January 2013 and is valued at roughly $900 now) and the fact that governments around the world are giving it the legal stink eye, some of you may still be curious about it. After all, who wouldn't want to invest in a magical pinata that seemingly explodes into a geyser of fine topaz every few days?

Well, before you get too giddy, know that Bitcoin isn't wizard money and has some pretty significant downsides… “

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Fastcoin? Peercoin? Bitcoin Opens Door to New Currencies

From WSJ

“As the Bitcoin phenomenon reaches new heights, developers are rolling out dozens of competing virtual currencies with colorful names like Litecoin, Peercoin, Namecoin and Feathercoin.

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Transparency Is Coming to Virtual Currencies

From American Banker

The anonymous (or pseudonymous) nature of digital currencies like Bitcoin flies in the face of anti-money laundering regulatory goals of recent decades (particularly since 9/11) and is bound to change, says Ellen Zimiles of Navigant Consulting.

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Bitcoin Gains Credit Union Cred

From American Banker

“A New Jersey credit union has agreed to accept accounts transferred from a trading exchange that handles Bitcoin and other virtual currencies. The move, apparently aimed at attracting business from investors and financial institutions that trade in the alternative forms of tender, could provide them with a much needed level of legitimacy.”

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New York watchdog investigating virtual currencies

From Bobsguide

“The New York State Department of Financial Services (DFS) has confirmed it is considering new rules for virtual currencies. It has already sent out subpoenas to 22 bitcoin-related firms and believes new legislation should be brought in at some point.

Included in these companies are BitInstant, Coinsetter, Dwolla, Andreessen Horowitz, Google Ventures and Winklevoss Capital Management and each have been asked questions relating to money laundering and investment strategies.”

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