Brianna

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The existential threat to bitcoin its boosters said was impossible is now at hand

A doomsday scenario that has long been dismissed by bitcoin’s biggest boosters is now a clear and present danger. At 3am ET this morning, a single bitcoin mining collective known as Ghash.io reached 45% of the computing power of all global bitcoin miners, just six points short of the 51% that would …

Bitcoin

Singapore figured out how to tax bitcoin—treat it like a product, not money

<i>This item has been corrected</i>.<p>If you’ve made a fortune in bitcoins over the past year and think you can shield the gain from the tax man, you may be in for a rude shock: Tax authorities around the world have been closely studying the virtual currency, which in some cases is much less anonymous and …

Bitcoin

Bitcoin Stares Down Impending Apocalypse (Again)

In the global arms race known as bitcoin mining, there's success, and then there's an excess of success.<p>That's what a company called CEX.io …

NY regulator to hold bitcoin hearing in January

NEW YORK (MarketWatch) -- The New York State Department of Financial Services said Friday it will hold a two-day public hearing on virtual-currency …

Cryptocurrency

How Bitcoin Is Like North Korea

In it, he makes an important observation about the extreme inequality in the Bitcoin world:<p>Best estimates are that there are about one million holders of Bitcoin; 47 individuals hold about 30 percent, another 900 hold a further 20 percent, the next 10,000 about 25% and another million about 20%, …

Cryptocurrency

Overstock CEO predicts Amazon will start taking Bitcoin, too

Overstock CEO Patrick Byrne said in a recent interview with CNN International that Amazon will soon have no choice but to start accepting Bitcoin, …

PayPal President Says Company ‘Believes’ in Bitcoin

Author: Robert McMillan. Robert McMillan Business<p>Date of Publication: 01.13.14.<p>Time of Publication: 3:36 pm. 3:36 pm<p>PayPal president David Marcus is …

The Next Big Thing You Missed: There's a Sure-Fire Way to Control the Price of Bitcoin

Coinbase now handles bitcoin transactions for more than 19,000 businesses and 750,000 individuals.<p>The tiny San Francisco startup offers various …

In Bitcoin I trust

The big online retailer Overstock.com now accepts payment in Bitcoin. That's good news for lovers of liberty because Bitcoins give us an alternative to government-controlled money. Bitcoins are a currency created by anonymous, private tech nerds, not by government.<p>Governments don't like …

New software tools help developers create Bitcoin-friendly Android apps

More Android apps may soon have built-in support for Bitcoin payments thanks to a new partnership between Coinbase and BitMonet.<p>The companies have released a software development kit (SDK) that aims to make it easy for Android developers to build apps that process Bitcoin payments.<p>It could help …

Bitcoin Mint Reopens After Nastygram From Feds

If you want to get your hands on some cold hard bitcoins – literally – you're in luck. The Utah entrepreneur who mints metal versions of the world's …

CES
Bitcoin

Silk Road forfeits $28M in Bitcoins seized from its servers

Prosecutors emphasize that the Bitcoins were seized in connection with a probe of the online drug marketplace -- not because they were Bitcoins.<p>Federal prosecutors announced Thursday the forfeiture of $28 million in Bitcoins seized from Silk Road, an online marketplace that allowed the anonymous …

Silk Road

'Chicago Sun-Times' to Test Bitcoin and Twitter Paywall

<i>The Chicago Sun-Times</i> will soon test a new paywall system that accepts bitcoins as well as tweets from readers in return for access to content.<p>On …

The Feds Are Ready To Sell $25 Million of Bitcoin Seized From The Silk Road

One of the bigger wallets on the Bitcoin blockchain is going to be emptied in the near future. Back in October, when the feds took down the online drug bazaar Silk Road, they seized the nearly 30,000 bitcoins in its coffers. On Thursday, the Manhattan U.S. Attorney’s office, which is prosecuting …

Bitcoin: Boom For Content Providers, Bust for Credit Card Companies

Sectors are saying different things about rates, but new Fed chief Jerome Powell could provide clarity at his first press conference on Wednesday.<p>Mar …

Jim Cramer

UK Bows To Pressure, Likely To Reverse Course On Taxation Of Bitcoin: Will The US Be Next?

As the Internal Revenue Service and Congress remain mostly quiet on how to treat Bitcoin for tax purposes, tax authorities in the UK are about “to do an about turn on the taxation of Bitcoin.” The news comes from Richard Asquith, Head of Tax, TMF Group, who added that the new rules “will give a lot …

The Rejection Of Saddam Hussein's Dinars Can Explain The Most Interesting Aspect Of Bitcoin

Hal Varian has spent a good deal of time trying to figure out why a fiat money has any value at all. He has been intrigued by the idea that while fiat money is supposedly backed by legal tender laws and men with guns, it can also always be rejected by its users. So, if people can reject a currency …

Middle East

A Bitcoin Stock Play That's Scarier Than Bitcoin

NEW YORK ( TheStreet) -- Bitcoin may be speculative, but <b>WPCS International</b> ( WPCS), a tiny company near Philadelphia touted as " the first and only …

Goldman Sachs

#IamSatoshi: How an alliance of Bitcoin traders could catalyze a new digital civilization

Bitcoin is a trend with all the ingredients necessary for changing the world. It spreads virally, funds its own growth, and can’t be controlled from any central point. Like the Web, it could eat the world.<p>Bitcoin could be the beginning of a massive transfer not only of wealth, but of power — a …

13 Apps to Inspire Creativity

If you haven’t fallen off the resolutions wagon yet… congrats. If as soon as week one ended, so did your good intentions, we totally hear you. But one resolution that’s always worth keeping is continually trying to bring creativity to your life every day. In our obsession with doing just that, …

Creativity