The Bank of France warned on Thursday about risks related to the digital currency bitcoin, adding its voice to growing concerns about the unregulated, online money. Bitcoin is not backed by any central bank or government, or by physical assets. Their value depends on people’s confidence in the currency. It has been gaining acceptance by […]
Baidu Inc., China’s biggest search engine, stopped accepting Bitcoins after the nation’s central bank barred financial institutions from handling transactions, triggering a drop in the virtual currency.Bitcoin fell more than 20 percent and was quoted at 4,250 yuan $863 as of 3:25 p.m. Shanghai time on BTC China, the most active online exchange where it’s […]
When it comes to Bitcoin value prognostics it would be difficult to beat this analysis 13 days before the China Bitcoin plunge: by Tyler Cowen on November 21, 2013 at www.MarginalRevolution.com Here is one clue as to what is going on: To what does he [Zennon Kapron] attribute bitcoin’s popularity in China, and how could […]
China’s central bank barred financial institutions from handling Bitcoin transactions, moving to regulate the virtual currency after an 89-fold jump in its value sparked a surge of investor interest in the country. People are free to trade Bitcoin even as China refrains from recognizing it as a currency in the short term, PBOC’s Deputy Governor […]
There is no guidance from the IRS specifically for cryptocurrency. Robert Wood contributed three interesting views: Barter, Currency or Marking to Market valuation to which on commenter took particular exception. Woods, stated, in part, “Still, the peer-to-peer nature of Bitcoin doesn’t obviate taxes. If you swap one product or service for another, tax is due, […]
Problems associated with anonymity may be rearing its head in the worst possible way. Many Bitcoin users applaud the anonymous feature of cryptocurrency. When it comes to having one of the major trading exchanges, BTC-E remain anonymous the applause stops. As many traders are drawn into the exchange because of its wide market of currencies, […]
Coming to a technology client in the near future, if it hasn’t happened already, will be revenue and expenses paid in Dwollas or some the form of cyber currency like Bitcoins. Dwollas are a simplified ACH transaction and translate dollar for dollar with a much lower merchant fee deducted from the vendor’s funds. The Bitcoin, […]
MAY 2, 2013, 3:08 PM 1,808 Now you can rest assured that there’s a criminal defense attorney who takes bitcoins. A Texas lawyer who specializes in DWI cases says he’s going to accept the virtual currency as payment. Houston lawyer Jay Blass Cohen told the ABA Journal that bitcoins — which can’t be traced — […]
Meet the Subway franchise owner who accepts bitcoins Text Size Published: Tuesday, 19 Nov 2013 | 1:28 PM ETBy: Jeff Morganteen | Producer, CNBC.comTwitter67LinkedIn3ShareSubway franchisee accepting bitcoinsTuesday, 19 Nov 2013 | 11:25 AM ETSapan Shah discusses the support hes getting for allowing purchases with bitcoins. “Subway has encouraged operators to have innovative ideas,” he says.Sapan Shah, a […]
One bitcoin is now worth more than $1,000. Or is it? The answer depends on where you look. While the virtual-currency craze has sent bitcoin prices to record highs, the development of new trading exchanges has made it confusing for enthusiasts to identify the current price.One bitcoin exchange, Tokyo-based Mt. Gox, on Wednesday showed a […]