Bitcoin News May 9, 2014



 
At 10 a.m. PST, the price had rebounded to $448. For background on why we’re using Coindesk’s Bitcoin Price Index, see note at bottom of the post. In other news we covered this week: Dogecoin may be worth a …GigaOM


Hardware bitcoin wallets are like buses ... we were able to improve several technical parameters of our device. The less good news is we will yet have to wait 9 weeks for the first prototypes and another 2-4 weeks for the …Coin Desk 





Winklevoss Twins to List Bitcoin Fund on Nasdaq
New York Times-
The move comes one day after the Securities and Exchange Commission issued a warning to investors about Bitcoin, saying that it created ...






BitBeat: VC Money Continues to Flow Into Bitcoin Businesses
It comes after last week’s news that Bloomberg was starting to publish bitcoin pricing data on its terminals, and it’s one more sign that Wall Street is getting serious about digital currencies. More and more money


What Are Bitcoin Nodes and Why Do We Need Them?

CoinDesk-by Daniel Cawrey-
It's well known that bitcoin is designed as a decentralized peer-to-peer (P2P) network. However, what's often lost in translation is the sheer ...




iNVEZZ.com, Friday, May 9: The US Federal Election Commission (FEC) approved the use of bitcoins for donations to political campaigns, after a unanimous vote in response to a request from one political action …Invezz


The U.S. Federal Election Committee has approved the use of Bitcoin in certain scenarios. Dogecoin nowhere to be seen, unfortunately. The Federal Election Commission voted unanimously (6-0) to approve the use of …Escapist Magazine


Depending on where you live and shop, you can buy a taco with Bitcoin, a form of virtual currency. You can also buy computer systems and even a Lamborghini with Bitcoin. Despite various shady activities and …Hot Hardware 



The Bitcoin Foundation has announced the winners of its recent elections to fill two board seats. BTC China CEO Bobby Lee and venture capitalist Brock Pierce both came out in top in the second round of voting among …PYMNTS.com 



He has founded two separate Bitcoin ventures and writes a widely-followed daily blog under the moniker the "Two-Bit Idiot," where he discusses news, analysis and ideas for the Bitcoin industry. Ryan lives in Boston, Ma.Investopedia 


Taxing Bitcoin: New Avalara feature helps companies deal in digital ...

InsideCounsel-GeekWire-by Blair Frank-
Avalara has added Bitcoin to the roster of currencies it can handle with its cloud-based AvaTax suite of sales tax compliance software. The new ...



Japan Bank Blocks Bitcoin-Related Wire Transfers

Wall Street Journal (blog)-by Takashi Mochizuki-
Shinsei Bank Ltd. has been refusing international money transfer requests from customers if they find that the transactions are related to the ...






Political Donations in Bitcoin Approved in US With Limits

International Business Times UK-
The US Federal Election Commission unanimously approved political donations in bitcoin, but limited donations to $100 per donor per election ...



Bitcoin mining startup fires half its staff, declares “we're not scammers”

Ars Technica-by Cyrus Farivar-
HashFast, an embattled Bitcoin mining startup, announced on Thursday that it has fired half of its employees as a way to save money. “In order ...




Dialing for Bitcoin? Federal Election Commission Approves Bitcoin ...

Slate Magazine (blog)-
The Federal Election Commission on Thursday voted unanimously to allow political donors to contribute using Bitcoin. The decision cracked ...


Living On Bitcoin A Year Later: Eating Like A Crypto-King

Forbes-by Kashmir Hill-
By my third day of Bitcoin living last year, I was down three pounds. By the end





Federal regulator finds the cryptocurrency qualifies as "money or something of value" but imposes restriction on its use. Bitcoin Bitcoins may soon be helping fund an election campaign near you. The US Federal …



Bitcoin Market Gets Stamp of Approval from Several Big-Name Players By Michael A. Robinson
But such positive Bitcoin news rarely gets the attention it should. It never ceases to amaze me just how poor a job the mainstream media does at covering key developments that prove Bitcoin is an unstoppable force.



U.S. election panel approves bitcoin donations to political committees
WASHINGTON (Reuters) - The U.S. Federal Election Committee said on Thursday that the virtual currency, bitcoin, could be used for donations to political action committees under certain conditions. In a unanimous vote …Chicago Tribune · ByPeter Cooney 




Bitcoin is ripe for fraud and Ponzi schemes, warns SEC
Bitcoin The US Securities and Exchange Commission issued an advisory Wednesday that warned investors to be wary of Bitcoin or other virtual-currency related investments. While not advising investors to avoid BitcoinCNet · ByDara Kerr 




Bitcoin Breakthroughs Studied by Banks the Currency Is Out to Replace
While Jamie Dimon and Warren Buffett express doubts about bitcoin, executives running the financial industry’s back offices are looking at mimicking the virtual currency’s methods of moving money quickly and …Bloomberg · ByOlga Kharif 

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