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Submission + - Bitcoin Securities Issuer Settles with SEC (thedrinkingrecord.com)

MrBingoBoingo writes: The United States Securities and Exchange Commission has extracted a Settlement from Erik Voorhees that consists of $15,843.98 in profits and a penalty of $35,000 for the high crime of having been involved in financing two offerings with Bitcoin. If you read the Security and Exchange Commission's actual filing you can see that all of the fines and settlements relate to FeedZeBirds with any actions relating to S.DICE on MPEx consisting of a strong finger wag and stern look. With the light assessment in this case, it seems that the SEC's ability to act in mature Bitcoin markets like MPEx may be limited unless they work to build cooperative relationships with those markets.
Biotech

DIY Biologists To Open Source Research 147

destinyland writes "Falling costs and garage tinkering are creating a grass roots movement of amateur biologists whose research is more transparent than that of academia. They are building lab equipment using common household items and even synthesizing new organisms, and their transparency also allows the social pressure which creates more ethical research. DIY Bio.org fosters lab co-ops for large equipment and provokes important discussions. (Would it be ethical to release a homegrown symbiote that cures scurvy in hundreds of thousands of people?) This movement could someday lead to bottom-up remedies for disease, fuel-generating microbes, or even a social-networked disease-tracking epidemiology. 'In much the same way that homebrew computer science built the world we live in today, garage biology can affect the future we make for ourselves,' argues h+ magazine, which featured the article in their summer issue."

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