Bitcoin News

MtGox faces liquidation after Japanese court rejects bankruptcy protection

MtGox

The bitcoin exchange has been denied a civil rehabilitation procedure, the Japanese equivalent of bankruptcy. The company's assets will be sold off and used to pay its creditors, including those who had trading accounts on the site...

 

Bitcoin to be treated as property instead of currency according to IRS statement

Bitcoin ATM

Cryptocurrency not classified as currency by US tax body. Ruling marks wider attempt at making bitcoin mainstream. "General tax principles that apply to property transactions apply to transactions using virtual currency," says IRS news release...

 

Bitcoin Insights

Bitcoin in the UK: is it gaining popularity and where can you spend it?

Bitcoins

From having a pint to hiring a private jet, there are options for spending your hard earned Bitcoins in the UK – but are the big brands ready to play ball? Global Bitcoin transactions have increased more than tenfold over the past year...

 

Japan’s Finance Ministry and U.S. Attorney Office Investigating Bitcoin Exchanges

U.S.

Japan's Finance Ministry and police are reportedly investigating the sudden closure of Mt. Gox, while the Manhattan U.S. Attorney Preet Bharara has initiated a probe and has sent subpoenas to Bitcoin exchanges and businesses...

 
 

Bitcoin Outlook

Bitcoin goes national with Scotcoin and Auroracoin

Auroracoin

Are hyper-national currencies the future of the bitcoin movement? A brand new generation of cryptocurrencies are focusing on the opposite goal: creating new local-based national money as an attempt to solve problems specific to a single country...

 

Bitcoin endorsed by Wall Street strategist

Wall St.

Bank of America has recommended a $1,300 price target for the digital currency, and described its "clear potential for growth". After the warning from the Chinese central bank, the Bank of France released a report calling the currency "highly speculative"...

 

Bitcoin Research

Bitcoin to be accepted by startup payment service Stripe

Bitcoin at Stripe

The payment processor Stripe has announced its first bitcoin customer - the encrypted backup service Tarsnap. "Bitcoin fits in nicely with Stripe's product plan", says a company statement as Stripe rolls out slowly new bitcoin support...

 

Janet Yellen: Fed has no authority to regulate Bitcoin

Yellen

Federal Reserve chair told banking committee regulators she is confident US law is ‘adequate to meet enforcement needs’. Ms. Yellen said the Fed is "looking at this" but "it’s not so easy to regulate Bitcoin because there’s no central issuer..."

 

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