The Wisconsin Government Accountability Board (GAB) doesn't have any plans to allow donations to political campaigns using bitcoin or any other digital currency, the organization told PFHub on Wednesday. We reported Tuesday of how the Milwaukee Business Journal discovered that the … [Read more...]
It appears Denmark just made bitcoin gains tax-free
With tax season upon the United States, the Internal Revenue Service announced Tuesday that bitcoin can be taxed like a property rather than a currency. The bitcoin community is debating whether this is good news or bad news, but Danish bitcoiners might be celebrating this … [Read more...]
Poll: 48% of Americans understand bitcoin but most still prefer gold
In today’s technological world, it’s pretty difficult to not hear or read about bitcoin on a daily basis. Although the ubiquity of the digital currency is pretty widespread, there will always be people who don’t know about it. Nevertheless, the people who do understand what the … [Read more...]
Europol seeking more control over bitcoin to prevent money laundering
Bitcoin could be causing a regulatory nightmare for officials across Europe. Europol, the European Union’s law enforcement agency, is calling for greater powers in order to tackle money laundering schemes that involve the digital currency. The EU law enforcement organization argues … [Read more...]
Wisconsin election board may start accepting bitcoin donations soon
The United States is in the midst of election season. With another election upon us, more technologies are helping federal and state congressional and senate candidates run for office. In the past general election, Facebook, Twitter and Reddit were major players. This year, new kinds … [Read more...]
ECB: Bitcoin has to become important before it affects policy making
Since the rise of virtual currencies in the past couple of years, the European Central Bank (ECB) has been quite adamant in maintaining an eye on bitcoin and other digital currencies. Despite the growth of the adoption rate, the European monetary authority made the case that bitcoin … [Read more...]
Marc Andreessen puts his money where his mouth is and invests millions in bitcoin
Despite the negative publicity that bitcoin has garnered so far this year, one early backer of the digital currency and prolific technology professional is planning to invest millions of dollars more into the virtual currency. It was reported by the Wall Street Journal this weekend … [Read more...]
It’s important to separate bitcoin from its technology
Will bitcoin go the way of MySpace and become the original source for a new and improved technology? The website paved the way for social networks everywhere before being triumphed by Facebook and Twitter. In the near future, will bitcoin meet its demise just to be succeeded by a more … [Read more...]
Stock guru Bill Miller endorses bitcoin as ‘venture bet’ with ‘huge returns’
We reported Thursday that United States angel investors and venture capitalists have poured tens of millions of dollars into bitcoin startups. They’re not necessarily doing it to change the world, but the potential for immense returns on their investments could prove quite … [Read more...]
Is it time to end bitcoin speculation for profit
Since bitcoin inched its way to more than $1,000 late last year, most of the news reports and discussions have been whether or not bitcoin will go to $10,000, how can someone earn money with bitcoin and is it too late to invest in the digital currency. Since most financial … [Read more...]
North American bitcoin startups garner $98.6 million from investors
What’s one of the biggest things in the market today that angel investors are pouring their money into? Bitcoin startups, an industry that received $117 million to this date in investments from venture capitalists, according to a report from Aite Group, a research firm, entitled … [Read more...]
$2 trillion flows through the U.S black market annually and the governments focus is bitcoin
For several months, central banking and government officials have lambasted bitcoin for being the currency of choice for those operating the underground economy. The black market in any nation, especially a state with numerous laws, is quite lucrative: the United States underground … [Read more...]
Ottawa bitcoin exchange defrauded of $100,000 in ‘ridiculous’ heist
Ottawa police have initiated an investigation into an Oct. 1, 2013 incident that led to a bitcoin exchange to being defrauded of more than $100,000 in a heist that has been described as anything but smart. This incident is just another theft of the digital currency to add to the … [Read more...]
Under Secretary for terrorism and financial intelligence wants federal banking laws applied to bitcoin
David Cohen, Treasury undersecretary for terrorism and financial intelligence, delivered a speech to Bloomberg News in New York on Tuesday, in which he called for federal banking laws to apply to bitcoin because of the major threat that the digital currency possesses: anonymity. By … [Read more...]
Bank of Thailand urges citizens to look at Mt. Gox to see bitcoin risks
The present status of bitcoin in Thailand remains to be confusing to say the least. After shutting down the nation’s largest bitcoin exchange platform, bitcoin.co.th, and then ultimately banning the digital currency, authorities allowed the website to resume operations and thus … [Read more...]
Could Goldman Sachs $200 billion savings claim spell doom for bitcoin
In a Goldman Sachs report entitled "All About Bitcoin," one of the world’s largest financial institutions said that it doesn't necessarily see bitcoin as a viable, legitimate currency. Instead, it noted that bitcoin will likely become an innovative payments technology. One … [Read more...]
BTC-e, Bitstamp handling 75% of trades amid Mt. Gox collapse
After the collapse of one of the largest bitcoin exchange platforms in the world, Mt. Gox, numerous bitcoiners have looked elsewhere to handle their digital currency holdings. Bitcoin exchanges BTC-e and Bitstamp are taking advantage of Mt. Gox’s losses and presently handling a … [Read more...]
Smart businesses are interested in bitcoin’s marketing, low-cost transactions
Businesses don’t want to bring down the Federal Reserve. Merchants aren't interested in ending the conventional financial system. Retailers aren’t looking to eliminate Visa, MasterCard or PayPal. No, they’re a neutral body and just want to succeed in today’s difficult economy. Over … [Read more...]
New startup lets you trade in your old electronics for bitcoin
Consumers have acquired a lot of technology, particularly in the past five years with the rise of smartphones, tablets and inexpensive DSLR cameras. However, as we upgrade, what do we do with our older electronics? Well, how about trading them in for bitcoin? A new startup called … [Read more...]
Bitcoins or Bullion: Ignorance of one journalist shines through
This week, CNBC had a headline that read: "Bitcoin pits the gold bugs vs. the 'techno geeks.'" Both groups are avid proponents of sound money, oppose the actions of the Federal Reserve and most believe in competing currencies. One financial expert published an op-ed piece Thursday … [Read more...]
