Bitcoin News Apr 7, 2014

Seven kickboxers from around Europe competed in the first Bitcoin Fight Night on Saturday, 5th April. Held at the iconic O2 Arena in London, a prize of bitcoin worth £5,000 was on offer to the tournament victor. Before …Coin Desk

 
As larger players enter the Bitcoin mining space, data center providers are customizing solutions to deliver greater density and efficiency for custom mining infrastructure. The latest example is DataTank, a new offering …Data Center Knowledge


Here’s a surprising fact: the largest bitcoin “mine” in North America is located on the outskirts of Wenatchee, Wash. It’s not a “mine” in the traditional sense. In these mines, you won’t have helmets, lamps or …OPB 


 

The innovators: Hull bets on bitcoin spinoff to boost local economy

The Guardian
Hull city council has joined forces with a cryptocurrency developer to launch a bitcoin spinoff designed solely for use in the city. HullCoin is ...
 


 



Forbes-by Kashmir Hill
If I were working on a “Stuff Venture Capitalists Say”-style video about Bitcoin, two memes would top the list: “Bitcoin reminds me of the early ...
International Business Times UK-by David Gilbert
After the ups-and-downs experienced last week in the cryptocurrency market, the weekend saw relative calm, with the price of bitcoin up slightly ...

Millennials, the Tech-savvy, Independents, and Libertarians Say ...

Reason (blog)-by Emily Ekins
The latest Reason-Rupe poll is one of the first polls to ask Americans about Bitcoin, the new online digital currency. Only 8 percent of ...







A prepaid card for Bitcoin believers
Prepaid Bitcoin last week announced the official launch of a prepaid Bitcoin card. In a news release, Prepaid Bitcoin founder and CEO Josh Agho said the attraction of his product is that, "Our prepaid cards put BitcoinMobile PaymentsToday


When senior Jeremy Welch booked a large lecture hall in the French Family Science Center for the Duke Bitcoin Conference, he thought he might have overestimated the University's interest in the event. But the full room that awaited him Saturday ...The Chronicle


Bitcoin and other "crypto-currencies" have been touted by their followers as the money of the future. However, the last 12 months have shown the pluses and minuses of the technology. Crypto-currency is an attempt to …TechRadar 




Texas takes laissez faire approach to Bitcoin
State banking regulators announced last week that virtual currencies such as Bitcoin would not be treated as currency under state law, meaning that Texans can buy and sell goods and services with cryptocurrency free from regulatory interference. However ...Watch Dog 
The IRS clarified the tax treatment of virtual currencies like bitcoin, saying it will apply the same rules that govern other barter transactions WASHINGTON (AP) — Virtual currencies like bitcoin will be taxed like property — not currency, the Internal ...Supply & Demand Chain Executive


A currency comprises three market demands: (1) as medium of exchange, or substitute for simple barter; (2) as a divisible and fungible, or consistent, medium of exchange, e.g., five $1 bills always equal one $5 bill; and …OpEdNews 





The Fed and Bitcoin
Rob Wile posted an interview on Business Insider today with St. Louis Fed vice president and director of research, David Andolfatto, about his change in view about Bitcoin. He is favorable after he reviewed the basic …Examiner 


 
Andre Santis, an independent software developer, announced on Coin Desk yesterday that he is opening an app store that allows users to download and install any app they like on an iOS device. His team has also …Examiner


The Internal Revenue Service's plan to tax virtual currencies could crimp their use as an alternative to cash or credit for retail transactions. The IRS, in a ruling last week, said under existing law bitcoin and its brethren are …The Wall Street Journal · ByRyan Tracy



Two payments companies, Square and Stripe, have said in recent days they are working with the virtual currency bitcoin, lending support to the idea that the bitcoin technology could be used to improve the way money is …Market Watch Commentary 
 

Bitcoin could get boost from Square and Stripe moves

PYMNTS.com-MarketWatch (blog)-Apr 4, 2014
Two payments companies, Square and Stripe, have said in recent days they are working with the virtual currency bitcoin, lending support to the ...




 

China Bitcoin Crackdown Leads To Exchange Shutdown

Coinreport-WebProNews
BTC38, one of China's biggest bitcoin exchanges, informed its users that 3rd party payment processors would be suspended. The news came ...



 

Here's Why Warren Buffett is Right About Bitcoin

Forbes-Motley Fool
In a highly publicized interview on CNBC, Berkshire Hathaway CEO Warren Buffett dismissed bitcoin as an investment, even going so far as to ...

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