Bitcoin News Mar 27, 2014

Why the IRS will tax Bitcoin as property: 90 Seconds on The Verge

This video appears in: IRS rules Bitcoin will be taxed as property, not as currency and A Dogecoin-sponsored NASCAR is happening after group raises more than $44,700 This is Adrianne to ground control / I'm stepping …The Verge

Swarm Intelligence Event is First Science Conference to Accept Bitcoin

As we’re not a business, we have very little opportunity to do so practically, but our bi-annual conference gave us such an opportunity.” According to Brutschy, the lab’s research focuses on self-organizing …Coin Desk

Bitcoin's Bitter History In China

Gox fall and became the biggest bitcoin trading platform in the world by volume ... All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may …




Jumio creates Bitcoin security network

The entire process takes place in real time and contributes to higher completion rates due to its speed and ... used solely in the relationship with the exchange or wallet and does not change any aspects of the Bitcoin …Mobile PaymentsToday

Stripe Merchants Will Soon Be Able to Accept Bitcoin Payments

Stripe believes it is the first major online payments platform to support purchases made in bitcoin. Up to now, Stripe merchants that wanted to ... collect payments from a customer’s bank account. And last month …Recode

Xidax Doubles Down on Virtual Currency, Now Accepts Dogecoin Alongside Bitcoin

Back in January of this year, Xidax became the first system builder to add Bitcoin to its list of payment methods. Apparently happy with the way things have been going, the boutique builder is claiming another first in …

 

'Malleability' attacks not to blame for Mt. Gox's missing bitcoins, study ...

New Yorker (blog)-PCWorld-

Fewer than 400 bitcoins could have been stolen from the Mt. Gox Bitcoin exchange using so-called transaction malleability attacks, according ...

 

Bitcoin Prices Plummet on Reports China to Close Exchange Bank ...

Wall Street Journal-by Michael Casey-

Bitcoin prices tumbled Thursday on reports China's central bank has ordered domestic banks to stop doing business with websites that trade in ...

 

Bitcoin Miners: The Taxman Wants A Cut

ReadWrite-

For Bitcoin miners, this means any of your "self-employment income" is now taxable. So if you have mined Bitcoins in the past or plan to in the ...

 

Why Bitcoin Can No Longer Work as a Virtual Currency, in 1 ...

SFGate-The Atlantic-by Robinson Meyer-

Some see the move as helping to bring the medium into the mainstream. Now that bitcoins can be taxed, they're reportable, and the legal ...

 

Start-Up Unveils Bitcoin Payments Product

New York Times-

While some restaurants, bars and coffee shops accept the virtual currency Bitcoin, it still exists largely in the province of speculators.







The Fierce Battle for the Soul of Bitcoin

With a digital wallet and payment-processing services, you could, say, pay that cash-only cab driver with bitcoins via your ... Making bitcoin easy to use, it turns out, isn’t so much a technological problem as a …Wired News · ByRobert Mcmillan

Why Bitcoin Can No Longer Work as a Virtual Currency, in 1 Paragraph

On Tuesday, the Internal Revenue Service ruled that it would tax Bitcoin as a property, not a currency. Some see the move as helping to bring the medium into the mainstream. Now that bitcoins can be taxed, they’re …The Atlantic · ByRobinson Meyer

Bitcoin startup Circle lands $17 million

According to Circle CEO Jeremy Allaire, the startup will use its new funding to grow from 20 employees to around 45 by the end of 2014, as well as invest in areas such as security and compliance. "My perception is …CNN Money · ByJp Mangalindan

Last month, Sen. Joe Manchin wanted to ban Bitcoin. Now, he’s not so sure.

A previous outspoken critic of Bitcoin says he's starting to come around on the virtual currency, one month to the day after he called on regulators to ban it. In an interview with the Washington Post, Sen. Joe Manchin …Washington Post

Taxes Won’t Kill Bitcoin, but Tax Reporting Might

Bitcoin is a digital representation of value, not a real currency, according to the latest pronouncement from the Internal Revenue Service. The I.R.S. on Tuesday released guidance indicating that Bitcoins and other …Deal Book

Bitcoin's backers know they need to win you over

Bitcoin’s popularity is growing, but even its biggest backers say it has a mountain of problems to overcome in gathering wider appeal. “It’s on the fringe,” said Marc Andreessen, the Silicon Valley venture capitalist …PC World

Bitcoin Battle: Warren Buffett vs. Marc Andreessen

Legendary investor Warren Buffett and venture capitalist Marc Andreessen debate the merits of Bitcoin. Earlier this month, famed dealmaker Warren Buffett warned investors to stay away from Bitcoin, calling it “a …



If Bitcoin Isn’t a Currency, Can You Use It Like One?

The Internal Revenue Service’s decision to treat bitcoin like property rather than currency clears up a few questions, and certainly will help some investors who need to finish their taxes by the April 15 deadline. But it …Wall Street Journal · ByPaul Vigna 

Bitcoin News Mar 24, 2014

Australia’s first Bitcoin ATM days away

“I want my grandma owning Bitcoin. I want people in Australia remitting money to their family in the Philippines by walking up to a RoboCoin (ATM) and sending Bitcoin.” Associate Professor David Glance, director of …Courier Mail



Bitcoin: Balinese villa sells for more than 800 bitcoins in largest cryptocurrency transaction yet

A luxury villa in the deLMango Villa Estate, an upscale resort in Bali, Indonesia, has sold for more than 800 bitcoins, making it the largest bitcoin transaction to date, according to reports. According to the Wall Street …Realty Today

Dorian Nakamoto: “I Did Not Create” Bitcoin

The California computer programmer tabbed by Newsweek denies any connection to the controversial virtual currency. Dorian Nakamoto, a computer programmer from California who was alleged to be the creator of …Blackjack Champ

Another Bitcoin (and other crypto-currency) exchange is circling the drain

Yet another online exchange for Bitcoin and other crypto-currencies is teetering on the brink of insolvency. It's a lot smaller than Mt Gox, the big failure that took down hundreds of millions of dollars of bitcoins with it, but it's a little unsettling.Nashua Telegraph · ByDavid Brooks

Marc Andreessen puts his money where his mouth is and invests millions into 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 …

 

Bitcoin Startup Investments Surpass $117 Million

CNBC.com-Bloomberg-

Bitcoin startups in North America have received the lion's share of the digital currency's venture-capital investments, drawing $98.6 million to ...





Bitcoin and Mobile Payments: Don't Get Your Hopes Up

Bitcoin businesspeople and regulators are already cozying ... are forever inscribed on the blockchain. The fact that increased security, and insurance solutions (more transaction fees!) can be implemented doesn't change …

 

CyberPowerPC joins Bitcoin craze with Mega Miner desktop series

ZDNet-by Sean Portnoy-Mar 22, 2014

So it shouldn't come as a surprise that a few weeks after the iBuyPower CoinMine desktops, designed for Bitcoin mining, were released, ...

 

Australia's first Bitcoin ATM days away

newsBTC-NEWS.com.au-

The machines have been shipped and two firms — Australian Bitcoin ATMs and Krypto Currency Solutions — have confirmed to AAP they will ...





Vircurex Bitcoin exchange crumbles in the face of cyberattack

Vircurex has chosen to freeze all user accounts as it teeters towards financial ruin caused by cyberattacks. The Beijing-based cryptocurrency trading post, a victim of two cyberattacks last year, began dipping into its …ZDNet · ByCharlie Osborne

Bitcoin Can Be Spent on University and Pizza

Bitcoin was once associated with buying drugs and guns. As the coin has gained momentum a vast number of legitimate businesses have started to accept payment from customers who use the currency. Bitcoin can …Guardian LV

Academics Spy Weaknesses in Bitcoin’s Foundations

Others have concluded that major changes to the currency’s rules will be needed as the number of bitcoins in circulation increases. “In the real world, people don’t always follow the rules—they do what’s best for …MIT Technology Review · ByTom Simonite 

Bitcoin Must Create A Community-Backed FDIC

Forbes-

Three months into the year and Bitcoin exchanges are having a rough start this year – considering Mt. Gox and Flexcoin's failures. It's important ...

 

Bitcoin Is Dead — Long Live Bitcoin

Guardian Liberty Voice-VICE News-

The Japanese Bitcoin exchange MtGox, which shut down after losing $350 million in Bitcoins to hackers last month, just revealed that it found ...

 

Small bitcoin exchange, Vircurex, teeters after large withdrawals

SlashGear-PCWorld-by Jeremy Kirk-

A small bitcoin exchange in Beijing is in trouble again after trying to earn back funds lost in two hacking incidents last year. The exchange ...







Bitcoin Exchange Vircurex Freezes Accounts to Avoid Bankruptcy, Sets Out Plan to Repay Everyone

Vircurex, a Beijing-based crypto-currency exchange, has frozen withdrawals of Bitcoin, Litecoin and other coins. In a move that is making everyone think of the beginning of the end for Mt. Gox, Vircurex has decided to …Softpedia News

Bitcoin Found as Global Talk of Regulation Continues

The recent finding of misplaced Bitcoin worth $166 million spurs the US to continues regulation efforts regarding money laundering and protection of owners, but not every department is concerned. Terrorist finances …Guardian LV

Sound familiar? Bitcoin exchange Vircurex freezes customer accounts as it battles insolvency

The implosion of Mt. Gox has been widely heralded as a sign of a new era of Bitcoin companies, but there are still examples of the unpredictable and shady side of the cryptocurrency world, as developments at Vircurex …The Next Web 

Bitcoin News Mar 20, 2014

Frtune: A Gold vs. Bitcoin Smackdown Could Be a Tie

Moneynews-

Fortune noted Bitcoin is intended to protect investors against some of the same threats as gold, such as war, economic disaster or intrusive...

BTC/USD: SecondMarket plans to open Bitcoin fund to ordinary investors

The minimum deposit in the Bitcoin Investment Trust (BIT), launched last September, is $25,000. SecondMarket currently has $54 million in assets under management, but capital may really start to flow into the BIT …

 

Bitcoin in a bit of bother

The London Economic-

Things have not been going well for the bitcoin experiment recently. There have been accusations of money laundering, enabling the global ...

 

Bitcoin Exchange Blames Data Center Provider for $100000 Theft

Data Center Knowledge-by Rich Miller-

A Bitcoin exchange is blaming its colocation provider for a security breach that left to the theft of about $100,000 in virtual currency.

 

2 Philippine daily dealsites to accept Bitcoin payments via Coins.ph

Tech in Asia-

Coins.ph launched in the Philippines last year offering a Bitcoin trading platform in the country. Following this, it is now set to provide a Bitcoin ...

 

The colossal arrogance of Newsweek's Bitcoin “scoop”

Ars Technica-by Joe Mullin-

Writer Leah McGrath Goodman said she had discovered the elusive creator of Bitcoin, hiding in plain sight. "Not even his family knew," she ...

 

$500000 in Bitcoin Just Bought Someone a Villa in Bali

CNBC.com-NBCNews.com-

A brand-new villa on the southern coast of Bali has just changed hands — for somewhere above 800 bitcoins. In what appears to be the largest ...

 

3 Celebs Jumping on the Bitcoin Bandwagon (and One Who Says ...

Entrepreneur-

Bitcoin isn't just for crypto nerds anymore. Legendary Hollywood stars, A-List rappers and pro athletes are jumping aboard the BTC buzz ...

 

In Hong Kong, Placing Their Bets on Bitcoin

New York Times-

Distributing envelopes to promote Bitcoin for the ANX exchange. Philippe Lopez/Agence France-Presse — Getty Images Distributing envelopes ...







Bitcoin Trading Exchange Spurns Thirsty SEC

Who doesn't love a romantic comedy about a staid conservative chasing a wild free sprit? Even when the uptight one is a major regulatory institution and the the free spirit is an online exchange for a digital currency?Gawker

Was This $200 Vending Machine the World’s First Bitcoin ATM?

Construction took place in July 2012, whereas Robocoin and Lamassu didn’t launch until the following year. If there aren’t any other contenders, maybe Albrecht should get the title.Coin Desk

Bitcoin ATM Arrives In Mountain View

MOUNTAIN VIEW (CBS SF) – The arrival of Silicon Valley’s first Bitcoin ATM in Mountain View may not herald the dawn of a virtual currency for the masses. The machine to be unveiled Thursday at an e-commerce …Sanfrancisco cbslocal

eBay's Paypal Has The Potential To Topple The Bitcoin

Robert Wagner, who bills himself as an independent analyst, noted in a report on the Seeking Alpha website last week titled "PayPal Could Be EBay's Alibaba" the similarity to how Yahoo's value is underpinned by its 24% holding in China e-commerce …Seeking Alpha

Why Bitcoin is failing

Yes, as with anything speculative, it is risky. However, blaming illegal transactions on Bitcoin, which much of the mainstream media seems to do (with notable exception of The New York Times and Forbes), is like …iMedia Connection

North American bitcoin startups garner $98.6 million investments

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 …Personal Finance Hub

Bitcoin Exchange Blames Data Center Provider for $100,000 Theft

A Bitcoin exchange is blaming its colocation provider for a security breach that left to the theft of about $100,000 in virtual currency. Ottawa-based Canadian Bitcoins says that staff at the Rogers Data Center failed to …

Here's How to File Bitcoin Income on Your Tax Return

Slate Magazine (blog)-

The question of whether bitcoins are taxable is really not much of a question at all if you look at the way income is defined, and the way courts ...

SecondMarket Seeks to Open Bitcoin Fund to Ordinary Investors Business Insider-Wall Street Journal-by Paul Vigna- SecondMarket, which launched the Bitcoin Investment Trust last September to cater to wealthy investors, has started lining up lawyers and ...

 

Facebook Security Director, Amazon BD Director Join Bitcoin ...

Venture Capital Post-TechCrunch-by Alex Wilhelm-

After the world's former leading Bitcoin exchange Mt. Gox filed for bankruptcy, the entire Bitcoin ecosystem has entered yet another period of ...

 

 

Bitcoin's software gets security fixes, new features

Australian Techworld-PCWorld-by Jeremy Kirk-

The software driving Bitcoin's network was upgraded Wednesday, with security fixes addressing a problem that defunct bitcoin exchange Mt.

 

 

Susan Tompor: What's the value of bitcoin? Heading for $10 or ...

CNBC.com-Detroit Free Press-

Honestly, who doesn't look twice when you hear that the value of the virtual currency bitcoin was just around $20 early last year but shot up to ...

 

Fortress, Benchmark and Ribbit Buy Stake in Pantera Bitcoin

New York Times-

Several prominent investment firms are joining forces to buy stakes in one of the biggest Bitcoin operations in the world. The publicly traded ...







Bitcoin firms explore U.S. rules for derivative exchanges

Regulators have stepped up their efforts to rein in bitcoin after incidents such as the collapse of Mt. Gox, a Tokyo-based exchange that filed for bankruptcy after losing an estimated $650 million worth of customer …Thomson Reuters · ByDouwe Miedema

Gold vs. bitcoin: An apocalyptic showdown

Both assets attract a certain type of investor, but which will protect you against the worst? FORTUNE -- Call it a battle of the doomsayers. In some corners of the Internet -- where topics such as the collapse of the …CNN Money

Regulators: Consumers, be careful with bitcoin

Even as the buzz about bitcoin continues, regulators and financial advisors have begun cautioning consumers that the virtual currency may not have a place in their portfolios. Both the Financial Industry Regulatory …CNBC

Bitcoin hedge fund launches with Silicon Valley and Wall St. support

FORTUNE -- Last December, I wrote that Fortress Investment Group was preparing to launch a fund that ... RELATED: Is Bitcoin Silicon Valley's new version of real estate? "About a year ago I put all of my professional …CNN Money · ByDan Primack