Back in the day, children all across the United States would set up lemonade, cookie and other types of stands in order to raise funds for a school project, a charity or just some extra spending cash. Usually kids would get earn around five to 10 cents – that is if the government … [Read more...]
London ministers discussing the possibility of taxing (VAT) bitcoin trades
Several federal governments and central banks have declared bitcoin to be a commodity and would be subjected to a capital gains tax. In the United Kingdom, however, ministers are mulling over implementing a value-added tax (VAT) on trades of Bitcoin (BTC). It was learned Tuesday … [Read more...]
Australia goes Bitcoin – 100 bitcoin ATMs headed down under
Over the past month, we have reported that some nations would be getting Bitcoin (BTC) ATMs, otherwise known as BTMs. New York, Vancouver, Hong Kong and others have installed these machines or on the verge of doing so. Australia plans to outdo them all. According to local news and … [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...]
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...]
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...]
Overstock.com Now Accepting Bitcoin – Bitcoin Value on the Rise
Overstock.com (NASDAQ:OSTK) is now accepting Bitcoin (BTC) for purchases on their website. Overstocks CEO Patrick Byrne has been hinting that they would accept Bitcoin in the future but seeing it go live today was unexpected. Bitcoin is an online digital currency that is quickly … [Read more...]
