Page 44 - Bit Coin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

You want to contribute to wikileaks as an american you can do that because they tell comment bank of america did not allow you to make a transfer to them if you have bit coin nothing can be done john: the regulators now say we will regulate this bit coin would is interesting. >> they cannot regulate the network they can regulate the users and the businesses that facilitate the transfer but if we want to exchange dollars we can do that without any intermediaryf john: one government has made it clear it uses bit coin as a legal currency and that is germany spirit freewill view that as a former p...

That nature. john: we agreed drugs only harm the users out of personal choice but my wife says this is not a good one reason we have given to protect people from this kind of stuff. >> great. law enforcement is looking at going after these companies and probably will be successful because bit coin is not completely anonymous but criminals can use cash to accomplish the same thing and actually silk road is a drop in the bucket of the total drug trade but there are things that are illegal or frowned upon that we do want people to engage upon like if you want to mental health screening but don't ...

These are central points of control that we may want to engage in a transaction that is prohibited or frowned upon or that we want privacy john: the government could still find out about it. >> ultimately they could punish but they cannot stop the act from taking place. >> but it is something shipped in the mail they could follow the mail. there is a web site where people buy illegal things like drugs called silk road. >> it is a dark website protected -- protected by encryption running over two years it is estimated the $20 million in sales per year you can buy just about anything using bit c...

Invading personal space. attacking somebody at home. a hacker who used a baby monitor to spy on a little girl in her bedroom and call her bad names. forbes.com reports earlier this year researchers discovered a flaw in that camera's security setup and the company has since released an update to fix it. stocks tanked on wall street today. ahead, what drove them down and why there was also a bit of good news. plus, the virtual currency that people can use to launder money, buy drugs, carry out all sorts of illegal and legal transactions. it's been around for years. you have heard of it? bit coin...

Currency as well. peter barnes is investigating for us live tonight in d.c. peter? >> well, shep, as virtual currencies like bit coin become more popular. officials want to make sure that users are protected. it's largely unregulated technology designed to help reduce the cost of buying and selling products by eliminating the middle man. in this case, banks which charge processing fees for transactions. the system is based on trust between buyers and sellers and supposedly secure but many cyber currencies are also backed by exchanges that can convert these bit coins and other things into cash....