Alvaro Alcala

9 Added | 1 Magazine | 2 Following | @alvaroalcalac | Keep up with Alvaro Alcala on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Alvaro Alcala”

Why Bitcoin Can No Longer Work as a Virtual Currency, in 1 Paragraph

A single bitcoin no longer functions like a $20 bill.<p>On Tuesday, the Internal Revenue Service ruled that it would tax Bitcoin as a property, not a currency.<p>Some see the move as helping to bring the medium into the mainstream. Now that bitcoins can be taxed, they’re reportable, and the legal …

Online Payments Firm Stripe Now Supports Bitcoin

Stripe chief executive Patrick Collison touted the faddish payment method in a conversation with Re/code. But he also noted in passing that Stripe will soon be adding something far more useful: The ability to process payments via the Automated Clearinghouse, or ACH.<p>ACH is the infrastructure used to …

FinTech

Man eats his hat after losing Bitcoin bet

A Bitcoin enthusiast films himself eating an entire a cotton hat after losing a bet that the price of the digital currency would not fall below $1,000<p>The idiom "I'll eat my hat" is usually reserved as an expression of disbelief. But one man has taken things to the extreme after losing a bet.<p>The …

Cryptocurrency News Round-Up: Bitcoin Drops Below $500 as Stripe Adds Support

Daily news roundup of bitcoin, litecoin, dogecoin and more<p>Bitcoin Price: £302.38 (via CoinDesk.com)<p>It hasn't been a good day for cryptocurrencies …

Now It's UBS' Turn To Slam Bitcoin

This morning, it's UBS' turn.<p>In a new note, a team led by analyst Derek De Vries douses Bitcoin's potential.<p>"Bitcoin faces economic, technical and regulatory challenges as a true currency," UBS says. "Bitcoin's speculation-driven volatility prevents it from being a stable store of value or unit of …

Bitcoin

In Bitcoin we trust: The Berlin district where virtual currency is as easy as cash

BERLIN -- A sign above the counter of a popular bar in Berlin's hip Kreuzberg district warns customers of owner Joerg Platzer's somewhat peculiar payment preferences: "I believe in honest money -- gold, silver and Bitcoin."<p>Platzer's Room77 is among a cluster of more than two dozen local businesses …

Bitcoin