We reported in the past of a new company that has established an insurance model for bitcoins. It is believed that if you lose your bitcoins (BTC) then you cannot retrieve them again and that money is lost forever. In a press release Wednesday, DriveSavers Data Recovery announced … [Read more...]
Vera&John Becomes the First Licensed and Regulated Internet Casino to Accept Bitcoin
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...]
TigerDirect.com Now Accepting Bitcoin
Overstock.com was the first big retailer online to accept bitcoin (BTC) and now TigetDirect.com has joined ranks. If you visit TigerDirect the entire home page background is an image of bitcoins. Will TigerDirect see a huge increase in first day sales like Overstock.com … [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...]
Porn Could be Set to Catapult Bitcoin into Mainstream Adoption
Regardless of how you feel about porn it's a large part of our financial ecosystem. It's estimated that $97.06 billion dollars is spent world wide every year watching porn. That's $3,075.64 spent every second with 28,258 Internet viewers watching porn per second and one new porn video … [Read more...]
2014 Dates to Remember: Important Upcoming Bitcoin Events & Dates
On this page I have created a list of upcoming events that could have an impact on bitcoin (BTC) in 2014. I have also included bitcoin conferences and expos that will be held in 2014. I will update this page with more important dates and conferences as they are discovered. … [Read more...]
Silk Road Bitcoins Will be Sold Through US Marshal Auction Not on Open Exchange
According to Forbes and verified by checking Justice.gov one of the largest bitcoin (BTC) wallets which is held by the Feds will be sold. Nearly 30.000 bitcoins were seized last October when the online drug exchange Silk Road was taken down. Speculation about what would happens to … [Read more...]
