One of the largest online casinos in the world, Vera&John, has become the first licensed and regulated Internet casino to accept bitcoin (BTC) deposits. The initiative was part of a two-month bitcoin project. The website made the announcement Wednesday and deposits would … [Read more...]
Bank of Russia Says Bitcoin Users Could be Unintentionally Breaking the Law
It appears the Bank of Russia has followed the same line of thinking on bitcoin (BTC) as other Asian and European governments and central banks. It issued a statement on the popular digital currency Monday in which it listed its concerns and urged users to move ahead with caution to … [Read more...]
Taxpayer Advocate Service on Bitcoin, “IRS is aware of the potential tax-compliance risks”
If you’re one of the many who made a large sum of money this past year by investing in bitcoins (BTC) and litecoins then that profit could very well be subjected to tax. Many countries in the past few months have classified bitcoin and other digital currencies as commodities and will … [Read more...]
Presidential Candidate and Two Political Campaigns Accepting Bitcoin Contributions
Early last year, Darryl W. Perry became the first 2016 presidential candidate to announce that he will be accepting campaign contributions in precious metals, bitcoins (BTC) and litecoins. With two years away until the fierce battle for the White House begins, will more legitimate … [Read more...]
Cryptocurrencies Creating Jobs in Third World Countries
With the growing popularity and acceptance of cryptocurrency, digital currencies have now become more than just currency or an electronic payment system. Virtual currencies, according to a news release, are now producing jobs in Madagascar. In just two days, individuals donated … [Read more...]
Training School in India Offering Educational Course on Bitcoin
Are you totally clueless about bitcoin (BTC)? Are you interested in hopping on the cryptocurrency popularity? Well, there’s a course for that that allows those entering the Information Technology field to learn all you need to know about the digital currency. It made headlines … [Read more...]
Robert Shiller: “It is a bubble, there is no question about it. It’s just an amazing example of a bubble,”
To bitcoiners (BTC): be aware that not everyone in the financial establishment is jumping on the bandwagon that the cryptocurrency is a revolutionary currency or electronic payment system, including Nobel Laureate and Keynesian economist Robert Shiller, who argues bitcoin is an … [Read more...]
Winnipeg Becomes Latest Canadian City to Get Bitcoin ATM
Toronto, Vancouver and now...Winnipeg? This week, Shawn Stone, co-owner of BitTeller, launched Winnipeg’s first bitcoin (BTC) ATM, otherwise known as a BTM, and could help advance the growing popularity of the digital currency in the Canadian city. It will be located at the Santa … [Read more...]
Report: BitAngels Invest $7 Million Dollars in Bitcoin Startups
Bitcoin (BTC) has gained significant momentum over the past year. Aside from hitting close to $1,200 at the end of 2013 and merchants across the globe getting on board with the cryptocurrency, a new report has found that angel investors, otherwise known as BitAngels, have poured about … [Read more...]
This is What it Sounds Like When You Send Bitcoin Over Radio
Bitcoin (BTC) continues to make headlines as numerous entities experiment with the virtual currency. The latest to try out something completely new was CBC, which could very well go down in history as the very first public radio station to transmit digital currency over radio … [Read more...]
Sweden Will Treat Bitcoin as an Asset Not a Currency
The largest Scandinavian economy is set to confirm that it will reject bitcoin (BTC) as a legitimate currency. Sweden will instead subject the digital currency to taxes and treat it like any other asset, such as arts, stamps, jewellery and antiques. Essentially, Sweden will implement … [Read more...]
Canadian Government: “Only Canadian bank notes and coins are recognized as legal tender”
After remaining quiet on the issue for quite some time, the Canadian government has now come out and confirmed that it does not view bitcoin (BTC) as legal tender. Officials say the federal government and the Bank of Canada will continue to monitor developments over the rising … [Read more...]
Cumbria First University in the UK to Accept Bitcoin for Tuition
Restaurants, wood shops, hair salons and even public utilities around the world have started to accept bitcoins (BTC). Why not educational institutions? Well, Cumbria University has become the first public university in the world Tuesday to accept the digital currency from some … [Read more...]
Bitcoin is a Commodity According to Bank of Finland
Scandinavia is attempting to tackle the immense popularity of bitcoin and the cryptocurrency industry. The Scandinavian countries are beginning to move forward on how to classify bitcoins (BTC) and what tax to impose on the digital currency. On a global level, the response to bitcoin … [Read more...]
15 Years Ago Milton Friedman Predicted the Birth of Bitcoin
A significant number of libertarians are enthralled with bitcoins (BTC) because it's a digital currency that doesn't come from the federal government and regulators, at least in the United States, have yet to put their hands on the cryptocurrency market. A video that was published … [Read more...]
Bitcoin Violates Numerous Laws According to Indonesia Central Bank
The central bank of Indonesia is the latest Asian governmental body to warn against widespread bitcoin (BTC) adoption. In a report by Kontan (via Google translate), Bank Indonesia deputy governor Ronald Waas confirmed that using digital currency like bitcoin is in violation of … [Read more...]
eBay UK Allowing Sale of Virtual Currency: Could eBay become the Next Exchange?
On Feb. 10, eBay UK will be establishing a dedicated Virtual Currency category on its website's classified section. The category will permit users to buy and sell all kinds of virtual currencies, including bitcoin (BTC), litecoin and others. “To promote a trustworthy marketplace … [Read more...]
I Hope Bitcoin Destroys Central Banking, Overstock CEO Patrick Byrne
Speaking in an interview with Kurt Wallace on Rare, Overstock.com CEO Patrick Byrne made it clear of two things: he thinks Nobel Laureate Keynesian economist Paul Krugman is crazy and that his hope is that bitcoin (BTC) destroys central banking. Byrne had lambasted Krugman for his … [Read more...]
Ron Paul on Cryptocurrencies: I Support Competing Currencies
What’s in your cryptocurrency wallet? Bitcoin (BTC), Litecoin or even a Coinye? Well, what about owning some RonPaulCoins named after three-time presidential candidate and bestselling author of “End the Fed” Ron Paul? This month, the RonPaulCoin has been making headlines as it has … [Read more...]
Bitcoin Could be The Best Investment in Computer History
There have been many bold predictions about the future value of bitcoin (BTC). In the past year, the digital currency has increased substantially from just a few dollars to as high as $1,200 – it’s currently trading at just over $800, which is still quite high. One business expert … [Read more...]
