Last week, it was announced that Peter Schiff’s Euro Pacific Metals was partnering up with BitPay in order to allow its clients to start purchasing gold and silver with bitcoin. The news went viral considering that Schiff has previously criticized bitcoin on numerous occasions and … [Read more...]
Dish Network becomes largest company to accept bitcoin
Dish Network announced this past Thursday that it will become the largest company to date to begin accepting bitcoin for payments. The satellite television company confirmed that it will begin to permit its customers to pay for their satellite services in digital currency by September … [Read more...]
BitPay processing $1 million per day; Overstock.com gets $1.6 million in bitcoin payments
BitPay has become one of the biggest success stories in the bitcoin economy. Each month, the bitcoin payments processor continues to add merchants and businesses to its growing list – some of the names on its list include Zynga, TigerDirect, WordPress, Virgin Galactic, Euro Pacific … [Read more...]
Facebook Wallet now allows users to send and receive bitcoin instantly
Bitcoin has finally made it into Facebook Inc.'s (NASDAQ:FB) Wallet. A new startup app called Quickcoin has found a way to transfer Bitcoin, by following a few simple steps. Bitcoin is a popular choice for many people, who want to conduct transactions on the internet, but has not … [Read more...]
Polish bitcoin miners subjected to 23% VAT
Miners of peer-to-peer decentralized digital currencies, like bitcoin and litecoin, will be subjected to a 23 percent value-added tax (VAT) in the Eastern European nation of Poland if they wish to continue to sell these virtual currencies. The announcement came after a bitcoin … [Read more...]
Bitcoin’s $1,200 value allegedly manipulated by ‘Willy’ the bot
Late last year, bitcoin was dominating headlines when its price was soaring from just $13 in January to as high as $1,200 by the end of the year. This was a massive emergence for the peer-to-peer decentralized virtual currency and many had speculated it had to do with the Chinese … [Read more...]
Fake malware U.S. government bitcoin ban report hitting social media
For months now, there have been reports that various United States government departments and agencies are considering adopting regulations pertaining to the peer-to-peer decentralized digital currency bitcoin. Nothing has come to fruition yet, except for a ruling by the Federal … [Read more...]
California Lt. Gov. now accepting bitcoins for election campaign
We reported earlier this month that the Federal Election Commission (FEC) announced that political candidates were permitted to accept a maximum of $100 worth of campaign contributions in bitcoin. Prior to the decision, it was still unknown what the federal regulations were in … [Read more...]
Julian Assange: ‘Bitcoin is the most intellectually interesting development in the last two years’
Julian Assange, the founder of Wikileaks who leaked damning government documents over the past few years, spoke through a WeChat Livestream at the Net Prophet technology conference Tuesday. He delved into a number of topics, including the peer-to-peer decentralized virtual currency … [Read more...]
Federal Reserve mulling bitcoin regulations in new document
The Federal Advisory Council (FAC), an adviser to the Board of Governors of the Federal Reserve System, has published a new document (PDF) that entails bitcoin. Many in the bitcoin community are speculating that this is the first step by the central bank to mull over imposing … [Read more...]
Is the euro superior to bitcoin – one ECB executive thinks so
The rise of the digital currency industry can be attributed to citizens and consumers’ lack of faith and trust in the United States dollar, the euro and other well-known securities. Besides not being backed by anything, central banks have been printing exorbitant sums of money since … [Read more...]
Glenn Beck hosts bitcoin discussion panel
We reported last week that conservative radio talk show host Glenn Beck said he would "absolutely invest in bitcoin." Although he has made some mistakes in fully understanding the peer-to-peer decentralized virtual currency, Beck seems quite interested in learning more about … [Read more...]
Top Connecticut banking regulator says consumers must be aware of bitcoin risks
The state of Connecticut has become the latest U.S. state to issue a consumer alert warning about the risks posed by the peer-to-peer decentralized virtual currency bitcoin. According to a press release Monday, the Connecticut Department of Banking posted an investor advisory … [Read more...]
Congressman Jared Polis political campaign receives $1,500 worth of bitcoin
This month, the Federal Election Commission (FEC) voted in favor of permitting political campaigns to incorporate bitcoin into their fundraising initiatives. Several political incumbents and hopefuls took advantage of this and immediately announced that they would be accepting the … [Read more...]
Bank of Canada, bitcoin could disrupt global financial stability
Earlier this month, we reported that the Bank of Canada essentially dismissed bitcoin as it explained that it was unconcerned about the growing popularity of the digital currency. It said that it would monitor and assess it and that’s all the action it would take at this present … [Read more...]
300 complaints filed with Federal Trade Commission against Butterfly Labs
For more than a year, the Federal Trade Commission (FTC) received hundreds of complaints regarding the peer-to-peer decentralized digital currency bitcoin and one business that dealt with the virtual currency. Perhaps this will be the final instance that will initiate the federal … [Read more...]
Poland expected to get Europe’s first Bitcoin Embassy
A Bitcoin Embassy – or center – coming to a location near you? It has been reported that Europe will be receiving one of its very first bitcoin embassies on Monday in Warsaw, Poland. Experts say that this is a sign that the bitcoin community and the peer-to-peer decentralized … [Read more...]
Bitcoin community upset over political lobbying in Washington
Political lobbying in the United States has become a common practice for most industries and corporations these days. In fact, if you’re a private firm that doesn't lobby Republican and Democratic lawmakers then you face the potential scorn of public officials a la Microsoft during … [Read more...]
Swedish Bitcoin expert says terrorists wouldn’t use virtual currency
It was discovered this month that the United States Department of Defense’s Combatting Terrorism Technical Support Office (CTTSO) will soon be launching a program to study the peer-to-peer decentralized currency bitcoin in order to assist the military in its quest to enhance national … [Read more...]
FEC unanimously votes to allow political committees to accept bitcoins
About one month after the Federal Election Commission (FEC) said it would delay any vote on approving bitcoin as part of a campaign fundraising method for political campaign, the elections panel has now overwhelmingly voted in favor of permitting political committees to accept … [Read more...]
