More stories this week of countries cracking down on bitcoin, including this one about the UK and EU turning up the anti-money laundering regulations on exchanges, which was inevitable considering their importance in turning fiat into bitcoin. The U.S. Senate, not to be outdone, has drafted some legislation that sounds like it would make it illegal to secretly hold cryptocurrencies. Meanwhile, Turkey claims bitcoin is anti-islamic because Turkey isn't auditing or surveilling it and bitcoin could be used for illegal activities (no mention of how easy/hard it is to carry-out illegal activities with the Turkish Lira). And then there is Venezuela, which is taking an opposite approach and creating its own cryptocurrency called petrocoin in the futile hope that their citizens stop buying so much bitcoin
With the release of bitcoin futures imminent, Hedge Funds are licking their chops at the ability to take massive short positions (essentially making money if the value of bitcoin goes down). Good luck to them.
The Tether/Bitfinix story is heating up again after this report by Bloomberg that does a good job summarizing the issues so far (and re-emphasizes the connection between Tether and Bitfinix) and a new story about a Tether customer who has $1million of Tether and cannot withdraw it (completely breaking the promise of 1 Tether = 1 USD).