Tag Archives: virtual currency

IRS Says Bitcoin is Property Not Currency

Posted on by

A new ruling by the IRS classifies Bitcoin as property that may be taxed. In other words, it is not a legal currency and hence the axe of the taxman is going to fall on Bitcoin users. From now...

A Bitcoin founder? Man denies any involvement in the virtual currency

Posted on by

A Japanese-American living peacefully in Temple City, California is believed to be legendary founder of Bitcoin. 64-year old Dorian Satoshi Nakamoto made headlines yesterday after Newsweek published...

Federal Reserve Chairwoman states the Central Banking system has no authority over Bitcoin

Posted on by

The bitcoin is pretty much secure at this time and is far from any interference from the Federal Reserve. The new Chairwoman Janet Yellen of the Fed has clearly declared that bitcoin is a virtual...

Japan minister calls bitcoin ‘collapse’ expected

Posted on by

TOKYO (AP) — Japan's finance minister scoffed at bitcoin woes as inevitable Friday, and Vietnam banned the virtual currency, but enthusiasm was undimmed among its supporters in the aftermath of the...

Will Bitcoin Survive This Test?

Posted on by

Since its inception, Bitcoin has survived several tests. In the beginning, came the user test. The digital currency passed it, as many companies and organizations began to accept Bitcoins as a...

Collapse of exchange spells trouble for bitcoin

Posted on by

TOKYO (AP) — The sudden disappearance of one of the largest bitcoin exchanges only adds to the mystery and mistrust surrounding the virtual currency, which was just beginning to gain legitimacy...

Bitcoin Basics For Dummies

Posted on by

Bitcoin technology was unleashed on the World Wide Web about five years ago, but 2013 marked a time of unprecedented growth for the digital currency. As the price of a bitcoin increased over 6000...