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Bitcoin Grows Up But That Means FBAR Filings

Bitcoin Grows Up But That Means FBAR Filings

06 Dec 2013 / Forbes – Remember when you got out of school and started having to abide by all sorts of rules? Bitcoin and its aficionados probably feel that way, starting to feel the pinch of responsibilities. That’s growing up. Bitcoin seems newly minted from a desirable

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Bitcoin Boom Spreads to IPhones With Mobile-Payment Apps

Bitcoin Boom Spreads to IPhones With Mobile-Payment Apps

05 Dec 2013 / Bloomberg – Matt Tuzzolo, who used to split restaurant bills by sending money via PayPal, now wields his iPhone to pay his fellow diners — in Bitcoins. “It’s more convenient than PayPal,” said Tuzzolo, a software developer in Portland, Oregon, who uses the

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China, Bank of America weigh in on Bitcoin

China, Bank of America weigh in on Bitcoin

05 Dec 2013 / USA Today – Two major financial players, China’s central bank and the Bank of America, weighed in Thursday on opposite sides on the viability of the wildly popular virtual currency Bitcoin. The price of a Bitcoin fell below $1,000 after China’s central bank

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Ron Paul: Bitcoin could ‘destroy the dollar’

Ron Paul: Bitcoin could 'destroy the dollar'

04 Dec 2013 / CNN Money – Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today’s money worth less tomorrow. The digital currency Bitcoin promises all these things. And while it’s far from achieving any

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The Tricky Business Of Taxing Bitcoin

The Tricky Business Of Taxing Bitcoin

04 Dec 2013 / Forbes – Buttressed by an Internet craze, the price of bitcoin has skyrocketed this past year from $17 to over $1,200. Pundits expect significant price volatility in 2014 as well. While the Federal Reserve gave tacit approval, stating “virtual currencies like bitcoin have

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Bitcoin Salaries Incentive Scheme to Launch Globally at LELO

Bitcoin Salaries Incentive Scheme to Launch Globally at LELO

03 Dec 2013 / Newsday – Bitcoin’s popularity continues to soar as Swedish design company LELO is set to launch one of the world’s most unique employee incentive schemes yet. Fueled by the decision to accept Bitcoin as payment for purchases of items from their LUXE range

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What Is Beijing’s Rationale For Promoting Bitcoin?

What Is Beijing's Rationale For Promoting Bitcoin?

03 Dec 2013 / Forbes – There are several reasons for giving it higher visibility; most recently I’ve noticed that China Telecom CHA -1.26%, a Chinese state-owned enterprise (SOE) is accepting bill payments in Bitcoin. Here are some of the reasons: China’s economy is too slanted to

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Fascinating Number: Bitcoin Mining Uses $15 Million’s Worth Of Electricity Every Day

Fascinating Number: Bitcoin Mining Uses $15 Million's Worth Of Electricity Every Day

03 Dec 2013 / Forbes – Via Marginal Revolution we find the page of Bitcoin statistics. And there we are told that mining bitcoins currently consumes some $15 million’s worth of electricity each day. Which is, when you come to think about it, really a rather astonishing

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Meet ‘Bitcoin Jesus,’ a virtual currency millionaire

Meet 'Bitcoin Jesus,' a virtual currency millionaire

03 Dec 2013 / MSNBC – The astronomical rise in the value of bitcoin—which has surged more than 8,000 percent over the course of 2013—has created a new breed of digital currency multimillionaires. The 34-year-old Roger Ver began investing in bitcoins in early 2011—and made his first

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China’s Largest Bitcoin Exchange Seeks Recognition for Currency

03 Dec 2013 / Bloomberg – BTC China, the nation’s largest Bitcoin exchange, has had low-level discussions with regulators seeking recognition of the digital currency that would allow it to be used to buy goods and services in the country. The company has sought to discuss Bitcoin

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