A U.S. District Judge in a case involving a Florida man, Robert Faiella, allegedly participating in a scheme to sell approximately $1 million worth of bitcoins to Silk Road users is making headlines in the bitcoin community. During the case, prosecutors requested that the New York … [Read more...]

Bitcoins for gold? That has become one of the latest trends among precious metals dealers that wish to profit off of the popularity of the peer-to-peer decentralized digital currency and seek to gain more clients who fear fiat money. Amagi Metals, one of the most successful metals … [Read more...]

1. It's not Paper The national debt would take well over 2,000 years to pay off if the United States paid off 16 million dollars a day without adding any new debt. Knowing this, it can safely be assumed the 'house of cards' will be crumbling before that happens. Heck, even an … [Read more...]

After months of back and forth consumers alerts and tax notices, the Australian Tax Office (ATO) has finally confirmed in a guidance report Wednesday that peer-to-peer decentralized digital currencies, like bitcoin and litecoin, are not a form of money or a foreign currency but rather … [Read more...]

The Consumer Financial Protection Bureau (CFPB) released its first consumer alert regarding bitcoin, dogecoin and other digital currencies last week. The federal agency listed a number of issues that they say have yet to be resolved and could harm unsuspecting consumers who are … [Read more...]

Soon after Overstock.com became one of the first major online retailers to accept bitcoins the website has experienced tremendous financial success since then. Its decision to incorporate the digital currency into its business model has helped its bottom line by adding four cents per … [Read more...]

First it was the Netherlands. Then it was the Isle of Man. Now it may be the United Kingdom. British policymakers are compiling a new report in order to review the possibility of transforming the country into a digital currency hub, according to an announcement from Chancellor … [Read more...]

The Winklevoss Bitcoin Trust is in the midst of regulatory approval and it could be fully approved by the end of this year. Operating a bitcoin exchange-traded fund (ETF), each share will account for an amount of bitcoin held by the Trust. This could be a huge transformation for the … [Read more...]

A new security report published by Kaspersky Lab found that bitcoin is the objective of more than one-fifth of all financial malware attacks. The report entitled “IT Threat Evolution Q2 2014” (PDF) discovered bitcoin mining malware represented 14 percent of all attacks, eight percent … [Read more...]

The bitcoin situation in Russia has left many wondering as to what exactly is going on. Earlier this year, the Russian government and central bank noted that bitcoin and other digital currencies would be prohibited, but then a few months later one Bank of Russia official said it … [Read more...]

Overstock.com, the online retailer who is leading the pioneers today in accepting bitcoins from customers, is in the midst of planning to offer its employees bonuses paid out in bitcoin. This has been a growing issue for quite some time now and Overstock.com has yet again remained … [Read more...]

If you wish to support Wikipedia you can now do so with bitcoin. The online encyclopedia announced in a blog post that it is accepting bitcoin contributions to help support the Wikimedia Foundation. Partnering with Coinbase for this new endeavor, readers can now help the … [Read more...]

Texas Republican Congressman Steve Stockman is enthusiastic about bitcoin. Since announcing his bid for the senate to unseat incumbent John Cornyn, his campaign has incorporated bitcoin into its financing model, a move that established a precedent for other political hopefuls. He’s … [Read more...]

Last week, Latvian airline AirBaltic became the very first European airline to accept bitcoin for flight bookings. This came with a wave of controversy from both inside Latvia and from digital currency users who were upset about the company applying a €5.99 ($8.05) fee on bitcoin … [Read more...]

What may perhaps be the first of many countries to do so in the future, the National Assembly of Ecuador has voted to prohibit (PDF) the peer-to-peer decentralized digital currency bitcoin and other virtual currencies. However, the country has plans to produce guidelines for the … [Read more...]

When it comes to peer-to-peer decentralized virtual currencies, hackers usually travel two routes: attack virtual currency exchanges and steal clients’ digital holdings or infiltrate computers and use their power to mine for digital currency. Lately, however, hackers have been … [Read more...]

What seemed like constant back and forth modifications and officials changing their minds on a regular basis, the Australian Tax Office (ATO) finally somewhat released a little bit of clarity on how taxpayers can correctly address their bitcoin holdings on their income tax … [Read more...]