It’s no secret that those who adopted Bitcoin (BTC) its infancy stage have made an obscene amount of money. Starting from just a few cents, the digital currency has skyrocketed to as high as $1,200 before climbing back down to a modest $800. When it comes to the cryptocurrency … [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...]
Brick and mortar retailers installing real-time bitcoin price tags (BitTag)
Bitcoins aren't just for online retailers. The digital currency is making its way to bricks and mortar locations across the globe. Merchants are implementing Bitcoin (BTC) payment systems in order to avoid the excessive fees charged for debit and credit card usage. One of the primary … [Read more...]
Australia goes Bitcoin – 100 bitcoin ATMs headed down under
Over the past month, we have reported that some nations would be getting Bitcoin (BTC) ATMs, otherwise known as BTMs. New York, Vancouver, Hong Kong and others have installed these machines or on the verge of doing so. Australia plans to outdo them all. According to local news and … [Read more...]
Estonia Central Bank Warns Bitcoin Could Act as a Ponzi Scheme
The central bank of Estonia stated this week that it believes Bitcoin (BTC) could act more like a Ponzi scheme than a virtual currency or an electronic payment system. This has led the Estonian central bank to urge consumers to completely avoid the digital currency altogether because … [Read more...]
Visa CEO Dismisses Bitcoin, Supports Traditional Payment Systems
To professional bitcoiners, the digital currency can be utilized as both a currency and an electronic payment system. Although finance experts and technology entrepreneurs in Silicon Valley aren't very interested in virtual currency, they do see it as a fierce payment technology … [Read more...]
Jamie Dimon doesn’t understand bitcoin: Patrick Murck, Bitcoin Foundation Lawyer
Last week, Jamie Dimon, CEO of JPMorgan, spoke with CNBC and made a statement that would anger thousands of bitcoiners around the world: bitcoin (BTC) is “a terrible store of value” and that its classification as a currency will eventually come to an end. One of the most powerful … [Read more...]
Vera&John Becomes the First Licensed and Regulated Internet Casino to Accept Bitcoin
One of the largest online casinos in the world, Vera&John, has become the first licensed and regulated Internet casino to accept bitcoin (BTC) deposits. The initiative was part of a two-month bitcoin project. The website made the announcement Wednesday and deposits would … [Read more...]
Bank of Russia Says Bitcoin Users Could be Unintentionally Breaking the Law
It appears the Bank of Russia has followed the same line of thinking on bitcoin (BTC) as other Asian and European governments and central banks. It issued a statement on the popular digital currency Monday in which it listed its concerns and urged users to move ahead with caution to … [Read more...]
Taxpayer Advocate Service on Bitcoin, “IRS is aware of the potential tax-compliance risks”
If you’re one of the many who made a large sum of money this past year by investing in bitcoins (BTC) and litecoins then that profit could very well be subjected to tax. Many countries in the past few months have classified bitcoin and other digital currencies as commodities and will … [Read more...]
Presidential Candidate and Two Political Campaigns Accepting Bitcoin Contributions
Early last year, Darryl W. Perry became the first 2016 presidential candidate to announce that he will be accepting campaign contributions in precious metals, bitcoins (BTC) and litecoins. With two years away until the fierce battle for the White House begins, will more legitimate … [Read more...]
Cryptocurrencies Creating Jobs in Third World Countries
With the growing popularity and acceptance of cryptocurrency, digital currencies have now become more than just currency or an electronic payment system. Virtual currencies, according to a news release, are now producing jobs in Madagascar. In just two days, individuals donated … [Read more...]
Training School in India Offering Educational Course on Bitcoin
Are you totally clueless about bitcoin (BTC)? Are you interested in hopping on the cryptocurrency popularity? Well, there’s a course for that that allows those entering the Information Technology field to learn all you need to know about the digital currency. It made headlines … [Read more...]
Robert Shiller: “It is a bubble, there is no question about it. It’s just an amazing example of a bubble,”
To bitcoiners (BTC): be aware that not everyone in the financial establishment is jumping on the bandwagon that the cryptocurrency is a revolutionary currency or electronic payment system, including Nobel Laureate and Keynesian economist Robert Shiller, who argues bitcoin is an … [Read more...]
Winnipeg Becomes Latest Canadian City to Get Bitcoin ATM
Toronto, Vancouver and now...Winnipeg? This week, Shawn Stone, co-owner of BitTeller, launched Winnipeg’s first bitcoin (BTC) ATM, otherwise known as a BTM, and could help advance the growing popularity of the digital currency in the Canadian city. It will be located at the Santa … [Read more...]
TigerDirect.com Now Accepting Bitcoin
Overstock.com was the first big retailer online to accept bitcoin (BTC) and now TigetDirect.com has joined ranks. If you visit TigerDirect the entire home page background is an image of bitcoins. Will TigerDirect see a huge increase in first day sales like Overstock.com … [Read more...]
Report: BitAngels Invest $7 Million Dollars in Bitcoin Startups
Bitcoin (BTC) has gained significant momentum over the past year. Aside from hitting close to $1,200 at the end of 2013 and merchants across the globe getting on board with the cryptocurrency, a new report has found that angel investors, otherwise known as BitAngels, have poured about … [Read more...]
This is What it Sounds Like When You Send Bitcoin Over Radio
Bitcoin (BTC) continues to make headlines as numerous entities experiment with the virtual currency. The latest to try out something completely new was CBC, which could very well go down in history as the very first public radio station to transmit digital currency over radio … [Read more...]
Sweden Will Treat Bitcoin as an Asset Not a Currency
The largest Scandinavian economy is set to confirm that it will reject bitcoin (BTC) as a legitimate currency. Sweden will instead subject the digital currency to taxes and treat it like any other asset, such as arts, stamps, jewellery and antiques. Essentially, Sweden will implement … [Read more...]
Canadian Government: “Only Canadian bank notes and coins are recognized as legal tender”
After remaining quiet on the issue for quite some time, the Canadian government has now come out and confirmed that it does not view bitcoin (BTC) as legal tender. Officials say the federal government and the Bank of Canada will continue to monitor developments over the rising … [Read more...]
