Bitcoin has been mentioned for the first time in the US Supreme court decision 'Wisconsin Central Ltd. v. United States' on the the Railroad Retirement Tax Act of 1937 (archived). In a decision which determined that stock options are not cash compensation, Stephen Breyer dissented and attempted to weasel that stock options are equivalent to cash with:
Does a stock option received by an employee (along with, say, a paycheck) count as a “form”—some form, “any form”—of “money remuneration?” The railroads, as the majority notes, believe they can find the answer to this question by engaging in (and winning) a war of 1930’s dictionaries. I am less sanguine. True, some of those dictionaries say that “money” primarily refers to currency or promissory documents used as “a medium of exchange.” See ante, at 2–3. But even this definition has its ambiguities. A railroad employee cannot use her paycheck as a “medium of exchange.” She cannot hand it over to a cashier at the grocery store; she must first deposit it. The same is true of stock, which must be converted into cash and deposited in the employee’s account before she can enjoy its monetary value. Moreover, what we view as money has changed over time. Cowrie shells once were such a medium but no longer are, see J. Weatherford, The History of Money 24 (1997); our currency originally included gold coins and bullion, but, after 1934, gold could not be used as a medium of exchange, see Gold Reserve Act of 1934, ch. 6, §2, 48 Stat. 337; perhaps one day employees will be paid in Bitcoin or some other type of cryptocurrency, see F. Martin, Money: The Unauthorized Biography— From Coinage to Cryptocurrencies 275–278 (1st Vintage Books ed. 2015). Nothing in the statute suggests the meaning of this provision should be trapped in a monetary time warp, forever limited to those forms of money commonly used in the 1930’s.
The single mention of the word 'Bitcoin' has generated substantial headlines, but the real story here is how far Breyer is willing to go in an effort to help the criminal gang in Washington DC pick a few more pockets.
The worthless Forkcoin known as "Bitcoin Gold" is even more worthless having been hit by double spending and 51% attacks demonstrating that its deviant blockchain lacks sufficient interest and value to attract sufficient mining activity. Much like the Roger Ver-ified "Bitcoin Cash" Forkcoin, "Bitcoin Gold" was split from the Bitcoin Blockchain via hardfork by a marginal crew with odd politics and like "Bitcoin Cash" failed to attract sufficient serious interest to matter.
The hill on which the "Bitcoin Gold" crew chose to die was changing the mining algorithm to a GPU mining friendly memory hard algorithm of recent publication dubbed "equihash" leaving their blockchain's security to the mercy of altcoin miners with GPU farms and no particular loyalty to any of the non-Bitcoin blockchains they mine. The meteorological risk of circumstances aligning to make these attacks the natural, economically rational choice for miners looms over every purported "cryptocurrency" blockchain that fails to attract sufficient value to actually be Bitcoin.
It appears that this "news" has finally percolated down through the drains and into the dark cellars where USG gendarmerie dwell. As part of their regular work to force the replacement of systems containing old, burned NSA-authored vulnerabilities, with new and fresh ones — USG.FBI have recently turned their attention to consumer routers.
The criminal organization headed by Malcolm Turnbull and flattering itself with unfounded claims to being the government of Australia is supposing it can cap the maximum size of cash payments as part of an ongoing racist campaign to combat the "black economy" (archived).
Banco del Estado de Chile and the Chileño branch of Brasilero Banking titan Itaú have been ordered to reopen accounts for local Bitcoin exchange Buda.com after the later sued over losing access to traditional fiat side financial services following account closures. The Chileño "Free Market Court" ruled that closing the accounts was premature and Buda.com's accounts with the banks must remain open until the lawsuit concludes.
Handicapped by Pacific coastline, earthquakes, and mountains which make building adequate Internet connectivity a challenge, Chile has resorted to other strategies in an attempt to remain economically relevant in our future.
The story of 21.co/Earn.com, a widely hyped venture capital eating startup that never found a niche despite bouncing between pursuits as varied as selling tiny underpowered miners to spam as a service, has ended in an undisclosed but roughly 100 million USD acquisition by Coinbase. The paltry sum which still overvalues the firm is likely to leave many people taking a haircut. As part of the deal former 21.co/Earn.com CEO Balaji Srinivasan has won a sinecure "evangelizing" for Coinbase.
Reports are emerging that aerospace giant Boeing's production process has been crippled by malware utilizing exploits farmed by the United States NSA. According to local media reports the ransomware outbreak has crippled commercial airline production equipment and an effect on military products production is likely though unmentioned in the popular press (archived).