Bitcoin News Mash-Up: Ross Ulbricht Case; Bitdollar; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

Witnesses Identity to be Kept Confidential in Ross Ulbricht Case
Ever since Ross Ulbricht got accused of designing murder plots of around five individuals, prosecution have tightened the security of witnesses that are scheduled to testify against this alleged Silk Road creator on January 2 next year. Following their concerns, the prosecution recently made a request to New York court judge Katherine Forrest to keep some of the witnesses’ identities confidential to reduce the risk of “harm and intimidation.” To read the whole story, click here.

Economy Professor Suggests Government to Create Bitdollar
James Angel, an Economy Professor at Georgetown University, recently proposed a hybridized version of US Dollar and Bitcoin, which will be known as Bitdollar. According to his vision, this new digital currency will be similar to Bitcoin, but will be backed by the Fed-regulated US Dollar. To read the whole story, click here.

EX PBOC Official Supports Bitcoin
China finally displayed its softer side towards cryptocurrencies when one of its ex government official – PBOC former deputy director – Wu Xiaoling, supported the idea of coexistence between Bitcoin and government money. She said that Bitcoin, by every means, is a technology that is worthy to explore by government. The views of this highest ranking official indeed matter as it reflects the current stature of digital currencies in China. To read the full story, click here.

To contact the reporter of the story: Yashu Gola at yashu@forexminute.com