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Tag Archives: bitcoin

Md. commission considers case for regulating cryptocurrencies

This April 3, 2013 file photo shows bitcoin tokens in Sandy, Utah. (AP Photo/Rick Bowmer, File)

ANNAPOLIS — Maryland will have to consider how its current laws interact with the new and occasionally wild frontier of cryptocurrencies and blockchain technologies, a state commission was told Tuesday. More than 200 cryptocurrency exchanges operate within the United States ...

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Ex-U.S. agent charged in Bitcoin theft to plead guilty

This April 3, 2013 file photo shows bitcoin tokens in Sandy, Utah. (AP Photo/Rick Bowmer, File)

One of two former U.S. agents charged with pocketing hundreds of thousands of dollars in digital money during the investigation of the illegal Silk Road Internet drug emporium reached a plea agreement with prosecutors. Shaun Bridges, who worked for the ...

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Caveat bitcoin: Towson attorney advises on ‘cryptocurrency’

Jeremy Garner, a corporate attorney with Bowie & Jensen in Towson, has seen a growing number of clients with concerns about the legal landscape surrounding ‘cryptocurrencies.’ (The Daily Record/Maximilian Franz)

For companies delving into an industry where legal regulation is in flux — such as the digital currency known as bitcoin — developing a thriving business while navigating federal and state requirements can be a daunting task. “It’s all kind of in this state of development where the technology is ahead of the law,” said Jeremy Garner, a corporate and tax attorney with Bowie & Jensen LLC in Towson. "Lawmakers are trying to determine, do our existing laws apply, how does this fit within our existing laws and do existing laws adequately cover it?"

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U.S. agents in Md. accused of siphoning $1M from Silk Road

This April 3, 2013 file photo shows bitcoin tokens in Sandy, Utah. (AP Photo/Rick Bowmer, File)

Two former federal agents are accused of using their positions and savvy computer skills to siphon more than $1 million in digital currency from the illegal black market Silk Road website while they and their agencies were operating an undercover investigation of the online drug bazaar.

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U.S. announces 1st bitcoin securities fraud case

The federal government on Thursday announced its first bitcoin securities fraud case, accusing a Texas man of engineering a Ponzi scheme by getting people to turn over their bitcoins in return for promises of high interest rates and the ability to recoup their investment at any time.

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United Way to accept bitcoin

(AP) One of the world’s largest charities says it will begin accepting donations in the virtual currency bitcoin. United Way Worldwide said Monday that it will accept bitcoin donations for the charity’s innovation fund through the San-Francisco-based wallet service Coinbase. ...

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Silk Road drug dealer sentenced to 6 years

A former drug vendor on the Silk Road website, Jacob Theodore George IV, 33, of Edgewood, Maryland, on Friday was sentenced in U.S. District Court in Baltimore to six years in prison. According to his plea agreement, from at least ...

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