Tuesday, February 18, 2014

Betting with bitcoin: Site lets Americans gamble on elections, sports with online-only currency

The digital currency bitcoin -- once used to facilitate online drug deals -- now appears to be enabling people to get around regulations banning online betting.

Predictious.com, a new company from Ireland, offers a "prediction market" that allows people to bet on everything from the U.S. presidential election to the Olympics and the Oscars. And it’s all made possible by bitcoins.

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Sunday, February 16, 2014

Cosmetic tweaks to AR-15 thwart New York's 'ban' on assault rifles

Simple design tweaks are allowing gun makers to get around restrictions New York put in place following the 2012 school shootings in Connecticut, prompting some critics to say the laws were mere window dressing.

New York lawmakers passed the SAFE Act last year, and announced with fanfare that it effectively banned the sale of “assault weapons.” But AR-15s, the most popular type of guns often referred to as assault weapons, are sold in Empire State gun shops, freely and legally. The gun is being marketed by Stag Arms as a "New York-compliant AR-15," and features a slightly modified stock and no bells and whistles. The gun does not have a pistol grip, for instance - one of the features banned by the act.

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Friday, February 7, 2014

Russia bans bitcoins

If you’re going to the Sochi Olympics in Russia, don’t bring bitcoins. Yesterday the Russian Prosecutor General’s office released a statement that clearly prohibits Russians from using the new digital currency.

“Bitcoin is a money substitute and cannot be used by citizens and legal entities,” the agency’s press release reads.

The Russian law enforcement agency cited an existing 2002 law signed by Russian President Vladimir Putin that reads, “the official currency of the Russian Federation is the ruble. Introduction of other monetary units and money substitutes is prohibited.”

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