Archive for the politics Category

Bitcoin Turns Into Art as Sweden Rejects Creative Currency

Bitcoin Turns Into Art as Sweden Rejects Creative Currency

22 Jan 2014 / Bloomberg – Bitcoin is making an art critic out of the Swedish taxman. The largest Nordic economy is set to reject Bitcoin and its competitors as a currency and instead give the software the same tax treatment it would an antique Persian rug

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Bitcoin Network Is Here to Stay – Montreal Economic Institute

Bitcoin Network Is Here to Stay - Montreal Economic Institute

21 Jan 2014 / Forbes – Bitcoin has the potential to revolutionize the financial sector said the Montreal Economic Institute (MEI) in its latest economic research report. The institute, an independent, non-partisan and non-profit research organization, released a report about bitcoin Jan. 15 and has now become

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Why Bitcoin Matters

Why Bitcoin Matters

21 Jan 2014 / NY Times – A mysterious new technology emerges, seemingly out of nowhere, but actually the result of two decades of intense research and development by nearly anonymous researchers. Political idealists project visions of liberation and revolution onto it; establishment elites heap contempt and

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Korea’s biggest Bitcoin exchange gets $400,000 from Silicon Valley investors

Korea's biggest Bitcoin exchange gets $400,000 from Silicon Valley investors

20 Jan 2014 / The Verge – South Korea's first Bitcoin startup, Korbit, has received $400,000 in seed funding from a group of investors. Korbit — which is also Korea's largest Bitcoin exchange, with more than 20,000 registered users — is now profitable after less than a year

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Why are Canadians buying Bitcoin?

Why are Canadians buying Bitcoin?

20 Jan 2014 / CBC – In cities across the country, the ability to buy Bitcoin is becoming easier. Just last week, Toronto and Ottawa had their first Bitcoin ATMs installed, allowing people to exchange cash for the digital currency. This comes three months after the world’s first Bitcoin ATM was

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Bitcoin Judged Commodity in Finland After Failing Money Test

Bitcoin Judged Commodity in Finland After Failing Money Test

20 Jan 2014 / Businessweek – Bitcoin doesn’t meet the definition of a currency or even an electronic payment form in Finland, where the central bank has instead decided to categorize the software as a commodity. “Considering the definition of an official currency as set out in

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

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

19 Jan 2014 / Venture Beat – 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. Bitcoin could be the

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Lawyer for Winkelvoss Twins’ Bitcoin ETF Says SEC Review Going Smoothly

Lawyer for Winkelvoss Twins’ Bitcoin ETF Says SEC Review Going Smoothly

19 Jan 2014 / Wall Street Journal – One of the most anticipated steps in the expansion of the financial architecture around the rapidly growing but highly volatile bitcoin market is the planned launch of the Winkelvoss Bitcoin Trust, an exchange-traded fund sponsored by the twin brothers

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Bitcoin Entrepreneurs persist despite warnings issued by RBI

Bitcoin Entrepreneurs persist despite warnings issued by RBI

18 Jan 2014 – DNA India – The Reserve Bank of India’s caution to investors, to be wary of using virtual currency because of the supposed security, financial and legal risks has cast aspersions on the popularity of Bitcoins. Ever since then Bitcoin entrepreneurs and enthusiasts have

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HMRC to Reclassify Bitcoin as Private Money

HMRC to Reclassify Bitcoin as Private Money

17 Jan 2014 / International Business Times – HMRC is set to change its stance on the classification and taxation of bitcoin and other virtual currencies in the UK as soon as February. Having spoken to a number of UK businesses who use bitcoin, HMRC is expected

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