Australian official suggests making Bitcoin legal tender in Australia. In a talk earlier in the week Chris Jordan, the Australian tax commissioner said some would like to see Bitcoin as legal tender. Currently Bitcoin does not meet the definition under Australian law, but he said that could change. From the Guardian: The Australian tax commissioner has left open the possibility that the … [Read more...]
The Winklevoss Twins Look to Spider Woman to bring their Bitcoin ETF to Market
The Winklevoss Twins of Facebook fame are still working on bringing out the first ever Bitcoin ETF. They have hired the lady known as Spider Woman, Kathleen Moriarty. Moriarty worked on the very first ETF back in 1993 and has a treasure trove of experience. The Economic Times wrote: Kathleen Moriarty is the lawyer attempting to shepherd the Winklevoss brothers' plan to roll out the first ETF … [Read more...]
Overstock Sees Positive Earnings Impact from Accepting Bitcoin
Overstock sees Bitcoin having a postitive effect on earnings for 2014. The company told Reuters they expect Bitcoin to add 4 cents per share, they are expecting $1.5 billion in sales for the year. From the article: Overstock.com Inc's sales through bitcoin are expected to add 4 cents per share to its earnings this year, the online retailer's chief executive, Patrick Byrne, told … [Read more...]
From buying Guns with Bitcoin to Consumer Protection Warnings its the Crypto Corner for 8/12/14
A lot of news over the last two days on the crypto currency front, from guns for Bitcoin to Consumer warnings about the dangers and risks of virtual currencies. Let's start out with the Consumer Financial Protection Bureau, they want to let consumers know that virtual currencies like Bitcoin and Litecoin are targets for hackers and that there are costs many may not be thinking … [Read more...]
EU Court to Decide if Bitcoin Transactions Are Subject to Value Added Tax
Jane Genova wrote an article on PaymentWeek.com about the EU deciding on whether or not to tax Bitcoin transactions. Earlier in the year Sweden asked for the EU to rule on whether or not Bitcoin should be taxed. The UK has ruled no valued added tax on Bitcoin. From the article: The European Court of Justice will rule if bitcoin transactions are subject to its value-added tax rules (VAT). If … [Read more...]
Quick Chat with Josh Garza the man who bought BTC.com for $1million
BTC.com was purchased for $1million as most of our readers know, we talked to Mike Robertson from Domain Guardians earlier in the week. Josh Garza and his company GAW Miners bought the domain, and we had a quick chat with him. Besides talking to us about the domain side of things, after our interview was completed Josh spoke to Tech Crunch about the Mining side of Bitcoin. Interview 1) … [Read more...]
When Searches for Bitcoin Go Up, The Price Goes Down according to a recent study
A group of Swiss computer scientists conducted a study that took a look at web activity and social media chat around Bitcoin. They concluded when there is a surge in chatter around Bitcoin that the cryptocurrency is bound for a fall. The BBC took a look at the study: Key variable Bitcoin was a great candidate for research because so much of the activity surrounding it takes place online, … [Read more...]