e-gold Blog

e-gold® Founder Denies Criminal Charges

On April 24, 2007, a Federal Grand Jury handed down an indictment charging e-gold Ltd., Gold & Silver Reserve, Inc., and the Directors of both companies with money laundering, operating an unlicensed money transmitter business, and conspiracies to commit both offenses.

Dr. Douglas Jackson, Chairman and Founder of e-gold, speaking on behalf of his fellow Directors and both companies vigorously denies the charges ..

Continue reading full text of press release ..

e-gold® Blocks Account Logins From Exploited Computers

e-gold Users now have additional protection against "phishing attacks", thanks to a ground breaking upgrade to its Account Sentinel™ (a.k.a. AccSent(tm)) arsenal of account access security features.

Using DNS blacklist data published by well known third parties, AccSent now blocks account access from IPs identified as open proxies, insecure web servers, or otherwise open to exploitation by criminals. For the sake of brevity, e-gold refers to such blacklisted IPs as "blips".

As always, the AccSent advantage is that e-gold Users need not take any action - or even understand what an IP address, an open proxy, or a phishing attack is - to immediately benefit from this innovative new feature. However, as powerful as AccSent is, the best protection against phishing and other criminal attacks is user education. For this reason e-gold urges its Users to carefully read and practice the Security Recommendations published on the e-gold.com website.

e-gold® Empowers Online Gambling Sites to Refuse Payments from US Persons

On October 12, 2006, the Safe Ports Act was signed into law in the United States. As a result of the Safe Ports Act and the Unlawful Internet Gambling Enforcement Act of 2006 contained in the Safe Ports Act, the facilitation of many forms of Internet gambling by persons located in the United States has become a proscribed activity. With the objective of preventing the use of e-gold by United States persons for unlawful online gambling, e-gold has deployed a feature whereby any e-gold account holder may configure their e-gold account(s) to block incoming e-gold Spends from accounts controlled by Users residing inside the United States or who are accessing the Internet from within the United States. Online gambling businesses using e-gold are now required to enable this new account attribute.

e-gold® Milestone: Ten Years Online

"While other payment systems have come and gone losing millions of investment dollars e gold has continued to successfully serve its customers. It has flourished due to its strong fundamental principles of freedom from default and finality of settlement. e-gold has always held true to meeting its User obligations. When merchants are paid they stay paid, and consumers can make payments without compromising their personal information online."

Read the full press release here.

e-gold® Founding Member of Financial Coalition to Eradicate Commercial Child Pornography

Eighteen of the world’s most prominent financial institutions and Internet industry leaders have joined with the National Center for Missing & Exploited Children (NCMEC), and its sister organization, the International Centre for Missing & Exploited Children (ICMEC) in the fight against Internet child pornography. The goal is to eradicate commercial child pornography by 2008.

Press release available here.

e-gold® Empowers Users to Refuse Payments from "Blocked Accounts"

e-gold is pleased to deploy a feature empowering e-gold Users to refuse payments from "Blocked accounts".  "Blocked accounts" are blocked from receiving payments due to insufficient identifying information and/or e-gold invoking its Right of Association.  The new feature enables Users to reduce the possibility of receiving payments from potentially unscrupulous counterparties.  The default setting (User may view/change via "Account Info") refuses payment from Blocked accounts.

e-gold® welcomes US Government review of its status as a privately issued currency

Document available here.

e-gold® founder responds to slanderous Business Week article

Document available here.

e-gold® "AccSentuates" Security

e-gold Users now have some serious protection against "phishing" attacks, and its name is Account Sentinel™ (a.k.a. AccSent™)...

AccSent monitors account access attempts and issues a one-time PIN challenge to those coming from IP address ranges or browsers that differ from the last authorized account access. The AccSent advantage is that e-gold Users need not take any action - or even understand what an IP address or a phishing attack is - to immediately benefit from this innovative new feature. However, as powerful as AccSent is, the best protection against phishing and other criminal attacks is user education.

e-gold® Spend Fee Formula to change 2004-01-01

Information available here.