“Now that there are ways for us to do banking without government involvement, we decided fulfilling (IRS demands) would not be a responsible way for Fr33 Aid to spend its money nor for our volunteers to spend their time.”
The IRS already gets a piece where you swap one product or service for another, as the IRS explains at its Bartering Tax Center. Soon the IRS may have a Bitcoin Center too. The Treasury unit, the Financial Crimes Enforcement Network,
For whatever reason, many in Canada’s small but fast growing Bitcoin community are suddenly dealing with the same problem: The banks have decided they don’t like the cryptocurrency and they’re shutting down some of the accounts of businesses that dea
If you’ve been playing Counter-Strike on the ESEA gaming network, you’ve been doing a lot more than tossing virtual hand grenades and firing virtual machine guns.
Nadim Chebli remembers well the first of his customers who decided to pay for the records they bought with virtual currency rather than cash or credit cards.
There’s more than one way to make money from the Bitcoin craze, which has seen the value of the digital currency increase more than six-fold over the past few months.
Following the Mt. Gox takedown, I acted as referee between Doug Casey, of Casey Research, and Jon Matonis, of Bitcoin Foundation, as they discussed the relative merits of two free market monies, gold and Bitcoin. It was a great contest.
In what has to be the most accurate currency crash prediction ever made, bitcoin crashed today from $266 to a low of $105 in a rapid “free fall” market crash pattern, erasing $1 billion in currency valuation in a matter of hours
Think the 75% plunge in BitCoin values in two days has crushed all former supporters of the virtual currency (which truth be told is only back to levels from a month ago)? Wrong.
If you don't know what Bitcoin is, you should. This digital currency has captured lots of attention as the value of a single unit recently surged to over $200.
While some call Bitcoin an “existential threat to the state,” local governments could soon embrace the digital currency and payment system as a practical alternative to credit and debit cards.
Did you ever notice how Congress and/or the President can act with the speed of a slow snail on certain subjects or topics? Well, this time I hope they act even slower. Here's why.
Last week saw a form of hacker attack on the Mt.Gox Bitcoin exchan