Bitcoin News Feb 24, 2014

This chart (below) is rising on Reddit right now. It shows the distribution of Bitcoin wealth among Bitcoin holders, put together based on survey data from the Bitcoin community. The gist: Bitcoin has a 1% minority that …Yahoo! Finance


Retailers such as Salt Lake City-based Overstock.com have said they’re drawn to Bitcoin because it costs less to accept than bank-issued debit cards, which can carry fees and fraud costs amounting to about 3 …Bloomberg · ByElizabeth Dexheimer andCarter Dougherty 




Australian government tracking each bitcoin transaction
For the past few years, bitcoin proponents have claimed that the digital currency is anonymous and it cannot be tracked by anyone. Opponents have argued that bitcoin can be tracked by anyone and that potential …economiccollapsenews.com


MOSCOW, February 24 (RIA Novosti) – The Bitcoin cryptocurrency is not on par with other financial securities as it is not backed by real assets, an official at Russia’s central bank said Monday. The Bitcoin system …en.ria.ru 




Bitcoin: Technical Tour de Force, Rat Poison—or Both?
To view this article in digital magazine format, click here. Many a famous name has weighed in on the value, or lack thereof, of bitcoin. From Bill Gates—“I think it’s a technical tour de force”—to Warren Buffet’s …aiCIO 




Following the Money: Geographic Dispersion of VC Bitcoin Investment
CoinDesk releases its ‘State of Bitcoin 2014′ report tomorrow. Here we have the second part of a two-part series, which features an exclusive look at some of the data from the report. This article examines the …coindesk.com 

 

Facebook Stock Not So Different Than Bitcoin

New York Times-International Business Times UK-
Unlike U.S. dollars, neither Facebook shares nor Bitcoins are an official form of legal tender. But some people are willing to accept them as ...




Why Bitcoin's Biggest Impact Will Be On The Legacy Payments System
People often discuss Bitcoin in terms of its price volatility: Is it up or down? Is it a good investment or a speculative bubble? But where Bitcoin's real value lies is as a payments technology that has the potential to …The Business Insider


Mt. Gox’s resignation from the Bitcoin Foundation comes after an extremely difficult month due to technical problems and cyber-attacks, reports Reuters. Jinyoung Lee Englund, a spokesperson for the Bitcoinexaminer.com 

                        Tax Trouble May Burst The Bitcoin Bubble For Merchants

Forbes-
When Bitcoin first emerged in 2009, it quickly became the currency of choice for illicit, black market dealings that took place in the shadows of ...



 

                        Bitcoin Seen as Little Threat to Payments Firms

Bloomberg-newsBTC
Bitcoin, introduced in 2008 by a programmer or group of programmers under the name Satoshi Nakamoto, has no central issuing authority and ...



Bitcoin: What Is It and What's In It For Me?

Discovery News-
View Related Gallery ». The world's first Bitcoin ATM, owned by the company Bitcoiniacs, goes live inside a downtown Vancouver coffee shop.
 

 
Mark Karpeles, the CEO of Japan-based Mt. Gox has left the Bitcoin Foundation’s board of directors. Bitcoin prices on Mt. Gox were trading as low as $151 on Monday, well below other exchanges, Bloomberg notes.Investor Place · ByChristopher Freeburn · 
TOKYO, Feb. 24 (UPI) -- Mt. Gox CEO Mark Karpeles resigned Sunday from the board of the Bitcoin Foundation, after technical issues on Mt Gox's exchange resulted in a drop in Bitcoin values. The Bitcoin Foundation …United Press International 
With its extraordinary swoop on WhatsApp last week, Facebook proved its stock is not so different from the crypto-currency of the moment, Bitcoin. They can both be used for certain, specific purposes. Neither is …Dealbook

WEST LAFAYETTE, Ind. — A Purdue University professor says Bitcoin, the virtual currency, is growing a wider audience. Cathy Zhang, an assistant professor of economics in Krannert School of Management, says the digital currency, used online to trade for ...purdue.edu


Gox, the embattled Tokyo-based bitcoin exchange, resigned on Sunday from the board of the Bitcoin Foundation, according to a person familiar with the situation. The Bitcoin Foundation confirmed in a statement on its …The Wall Street Journal · ByRobin Sidel



The Bitcoin Foundation is a trade group founded in 2012 to promote ... converting bitcoins into US dollars. On 6 February, after noticing “unusual activity” inside Bitcoin wallets, Mt Gox abruptly stopped all …TechWeekEurope



The following guest post is by Mark Faggiano, Founder & CEO of TaxJar.com. When Bitcoin first emerged in 2009, it quickly became the currency of choice for illicit, black market dealings that took place in the …Forbes 

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