NSA Illegal? — ItBit Gets a License — Goldman Buys in Circle and Bitcoin!

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Here are Today’s MadBits

Federal Appeals Court Rules That The NSA’s Massive Surveillance Program Is Illegal
http://thinkprogress.org/justice/2015/05/07/3656228/breaking-federal-appeals-court-rules-nsas-massive-surveillance-program-illegal/

A unanimous panel of the United States Court of Appeals for the Second Circuit held on Thursday that the National Security Agency’s sweeping database of U.S. phone calls is not authorized by federal law.

Not Authorized by federal law, or as you and I know it, Illegal. The NSA’s phone call database is illegal and should be stopped immediately. Personally, as a firm believer in law and order I believe that the operators of this program should be arrested immediately and made to stand trial for their crimes — along with those who ordered this illegal data gathering. Edward Snowden should be given a full pardon and the President(s!) who ordered this operation should also be tried for their crimes. I won’t hold my breath, but still, an astoundingly correct decision from the Second Circuit appeals court.

ItBit Nets Million, Launches **NYDFS-Approved Bitcoin** Exchange
http://www.coindesk.com/itbit-25-million-series-a/

Coinbase gets lapped by ItBit, as ItBit is America’s first NYDFS approved bitcoin exchange. A bitcoin exchange that even SuperNintendo Lawsky could love. ItBit has an impressive board and did all the groundwork to get this license and congratulations to them! Way to go ItBit.

Goldman Sachs’ ‘Investment’ in Bitcoin is Newsworthy But Not Significant
http://www.nasdaq.com/article/goldman-sachs-investment-in-bitcoin-is-newsworthy-but-not-significant-cm473061

Solid article reminding us that just because Goldman has invested in Circle, doesn’t mean they’ve invested in Bitcoin. Circle is a bitcoin company in name only and even that they’d probably prefer you didn’t mention the B-word. Circle uses bitcoin only as a transfer mechanism, not even mentioning the B-word on their about page.

But let’s face it, we don’t really want Goldman investing in a real bitcoin company because that would mean they get it and as we all know…. they don’t get it.

Meanwhile Bitcoin Prices are still Mad with WinkDex reporting a last of 7 — a high of 8 and a low of 8.

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8 COMMENTS

  1. Thanks for reporting on the #NSA obvious illegality as well as how obviously beyond persecution they are.  It's as if certain people in our government have immunity.

    And, BTW, kewl how you can see your hand movements on the reflection of your glasses.  xD

    itBit gets license, so it's regulated, which puts it under check, but not by the people, but rather, by a #central   #KYC    #bigbrother  apparatus.

    Keep up the great shows.

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