Central banks worldwide have been quick to dismiss bitcoin and other cryptocurrencies as legitimate currencies. Instead, they view them as any other asset and they would be either subjected to a value added tax (VAT) or capital gains. However, central banks themselves might enter into … [Read more...]
Mt. Gox vanishes – Should Japanese authorities intervene in Mt. Gox insolvency
Bitcoin holders are scratching their heads Tuesday morning after one of the world's biggest bitcoin exchange platforms, Mt. Gox, might have vanished off of the Internet forever, its founder gone and its Tokyo-based office empty. Mt. Gox officials have not responded to telephone calls, … [Read more...]
Jack Lew warns of looming bitcoin regulations
Speaking at the World Economic Forum in Davos, Switzerland last month, United States Treasury Secretary Jack Lew warned that regulations of bitcoin (BTC) could be instituted by the federal government soon. Lew argued that authorities cannot permit bitcoin to become a tool to fund … [Read more...]
Bitcoin speculators purchasing rights to Mtgox accounts amid price decline
Is this the last great buying opportunity or a signal that bitcoiners need to help shut down the Tokyo-based Mt. Gox exchange through the tools of the market? The company has repeatedly stated that it's working to fix a software glitch, which means users have been unable to withdraw … [Read more...]
Greece issues a warning stating Bitcoin is not protected by the government
Greece, the nation that has experienced a near economic meltdown, has finally broken its silence on the matter of bitcoin (BTC) and other virtual currencies. The central bank pretty much repeated what other financial authorities have iterated before: beware. This week, the Bank of … [Read more...]
Banksters (JPMorgan) continue their assault to undermine Bitcoin to no avail
It's understandable: bitcoin could very well be competition to Visa, PayPal and traditional fiat currency. That’s why those on Wall Street and central banking officials have been on the defensive in the past few months when it comes to cryptocurrencies. From Jamie Dimon to Alan … [Read more...]
Poll: 76% of Americans never heard of bitcoin, 79% would never own one
With the mainstream media covering Bitcoin (BTC) on a regular basis and more and more merchants, both in-store and online, accepting the digital currency, it’s a surprise that a strong majority of Americans are still unaware of the cryptocurrency. Even if they did, though, they … [Read more...]
Bitcoin, “first thing like the Internet since the Internet”
Technology experts and cryptocurrency enthusiasts say the digital currency industry is the “first thing like the Internet since the Internet.” The growing popularity of Bitcoin (BTC) and the widespread adoption of the virtual currency will create specialized parallel processors in … [Read more...]
Dogecoin Value on the Rise: Much Coin – Such Profit – So Wow
Everyone may be talking about bitcoin and litecoin, two of the most valuable digital currencies in the cryptocurrency industry, but one new virtual currency, which is based on an Internet meme, is gaining traction. Dogecoin, established seven weeks ago, is now the fifth most … [Read more...]
New Bitcoin Insurance Service and Increased Merchant Acceptance Despite China Crackdown
Elliptic Vault, a United Kingdom-based startup underwritten by Lloyd’s of London, is using deep cold storage to become the first company in the world to offer insurance for bitcoin (BTC) owners. According to the company’s website, the bitcoin storage service insures deposits of … [Read more...]
