Coin News

There is no doubt a decision to tax cryptocurrencies has an significant impact on the way  Bitcoin users spend their Bitcoin. While there seems to be very little the community can do to change or modify the IRS notice, there is the email address in the notice for anyone to communicate with the IRS to share their thoughts ([email protected]). It is quite timely that a trio of lawyers, and two entrepreneurs have banded together — very similar to the Justice League — to be advocates for cryptocurrency users across the world. The name of this group is the Digital Asset Transfer Authority (DATA) and the board is made up of the following individuals: Constance Choi, General Counsel, Payward Inc. (Kraken) […]

The post DATA Series: Interview of Edan Yago, CEO of Epiphyte appeared first on Bitcoin Magazine.

eBay, owners of payment service PayPal, has quietly added a new Virtual Currency category to their sales site, allowing users to sell virtual currency like bitcoin, as well as miners, and mining contracts. Read More

eBay, el portal online de referencia para las subastas y compra-ventas entre particulares, ha añadido la categoría de Monedas Virtuales. Hasta ahora, se podían encontrar anuncios de venta de bitcoins y otras criptomonedas por diferentes categorías que de vez en cuando eran eliminados por eBay. Esta no es la primera vez que eBay añade la […]

The post eBay añade categoría de “Monedas Virtuales” appeared first on CryptoCoinsNews.

Much Party. When: Friday, April 4th, 2014 7:00pm-1:00am Where: Meltdown Comics & Collectibles 7522 Sunset Blvd, Los Angeles, California 90046 Who: Shibes only Admission: Free Spelunk.in has decided to take the party to the west coast. This Friday, April 4th, Meltdown Comics & Collectibles will be hosting a one-of-a-kind DogeParty. Yes, this is an actual party starting at 7:00pm and running to about 1:00am on the wonderful Sunset Boulevard. You can adopt-a-dog with doge because real shiba inus and cousins will be there thanks to two shiba inu rescue centers. You can also vote for your favorite shibe for Best in Show. The proceeds of this will help the two local shiba inu rescues, Two Dog Farms and the Southern […]

The post DogeParty: Calling All Shibes appeared first on Bitcoin Magazine.

Much Party. When: Friday, April 4th, 2014 7:00pm-1:00am Where: Meltdown Comics & Collectibles 7522 Sunset Blvd, Los Angeles, California 90046 Who: Shibes only Admission: Free Spelunk.in has decided to take the party to the west coast. This Friday, April 4th, Meltdown Comics & Collectibles will be hosting a one-of-a-kind DogeParty. Yes, this is an actual party starting at 7:00pm and running to about 1:00am on the wonderful Sunset Boulevard. You can adopt-a-dog with doge because real shiba inus and cousins will be there thanks to two shiba inu rescue centers. You can also vote for your favorite shibe for Best in Show. The proceeds of this will help the two local shiba inu rescues, Two Dog Farms and the Southern […]

The post DogeParty: Calling All Shibes appeared first on Bitcoin Magazine.

Ross Ulbricht, alleged Silk Road HBIC, is claiming that new federal bitcoin laws classifying bitcoin as assets and not money invalidate the money laundering charges he faces. In short, he argues that you can’t launder money if you’re not using it. Earlier this year, Robert Faiella, 52, and Charlie Shrem, 24, were arrested on federal money laundering charges for their bitcoin activity on Silk Road. It would stand to reason that if Ulbricht did not break anti-money laundering laws, they didn’t either. The two allegedly sold more than $1 million in bitcoin to Silk Road users. Selling assets isn’t money laundering. The defense also brings up the wisdom of keeping money laundering laws on the books in the first place. […]

The post What Might Ulbricht’s Defense Mean for Charlie Shrem? appeared first on Bitcoin Magazine.

Welcome back to The Weekly Doge! I liked this week. There was more mining pool drama, great April Fool’s jokes, and I even got to write “1 DOGE = 1 DOGE” on a job application (and it wasn’t out of context, this time).  Also, you can now buy or sell DOGE on Ebay’s new “virtual […]

The post The Weekly Doge: Pools, Fools, and Operation Smile appeared first on CryptoCoinsNews.

Figuring out cryptocurrency conversions can be a difficult task – especially when you have an exact amount you would like to convert, say 0.22 BTC to DOGE. There are plenty of tools out there that will get you to the correct conversion eventually, but Cryptonator is the first cryptocurrency converter that works directly from the Chrome browser. Launched in February, Cryptonator is an online cryptocurrency calculator that allows instant conversion of over 300 cryptocurrencies into currencies, including USD and Euro, with a single click. The platform is available online and as a free Chrome extension. It supports popular cryptocurrencies like Bitcoin, Litecoin, Dogecoin, Auroracoin, and some interesting ones like NoodlyAppendageCoin and Magic Internet Money. Cryptonator gives users a way to […]

The post A Look at Cryptonator appeared first on Bitcoin Magazine.

Figuring out cryptocurrency conversions can be a difficult task – especially when you have an exact amount you would like to convert, say 0.22 BTC to DOGE. There are plenty of tools out there that will get you to the correct conversion eventually, but Cryptonator is the first cryptocurrency converter that works directly from the Chrome browser. Launched in February, Cryptonator is an online cryptocurrency calculator that allows instant conversion of over 300 cryptocurrencies into currencies, including USD and Euro, with a single click. The platform is available online and as a free Chrome extension. It supports popular cryptocurrencies like Bitcoin, Litecoin, Dogecoin, Auroracoin, and some interesting ones like NoodlyAppendageCoin and Magic Internet Money. Cryptonator gives users a way to […]

The post A Look at Cryptonator appeared first on Bitcoin Magazine.

Figuring out cryptocurrency conversions can be a difficult task – especially when you have an exact amount you would like to convert, say 0.22 BTC to DOGE. There are plenty of tools out there that will get you to the correct conversion eventually, but Cryptonator is the first cryptocurrency converter that works directly from the Chrome browser. Launched in February, Cryptonator is an online cryptocurrency calculator that allows instant conversion of over 300 cryptocurrencies into currencies, including USD and Euro, with a single click. The platform is available online and as a free Chrome extension. It supports popular cryptocurrencies like Bitcoin, Litecoin, Dogecoin, Auroracoin, and some interesting ones like NoodlyAppendageCoin and Magic Internet Money. Cryptonator gives users a way to […]

The post A Look at Cryptonator appeared first on Bitcoin Magazine.

Figuring out cryptocurrency conversions can be a difficult task – especially when you have an exact amount you would like to convert, say 0.22 BTC to DOGE. There are plenty of tools out there that will get you to the correct conversion eventually, but Cryptonator is the first cryptocurrency converter that works directly from the Chrome browser. Launched in February, Cryptonator is an online cryptocurrency calculator that allows instant conversion of over 300 cryptocurrencies into currencies, including USD and Euro, with a single click. The platform is available online and as a free Chrome extension. It supports popular cryptocurrencies like Bitcoin, Litecoin, Dogecoin, Auroracoin, and some interesting ones like NoodlyAppendageCoin and Magic Internet Money. Cryptonator gives users a way to […]

The post A Look at Cryptonator appeared first on Bitcoin Magazine.

Is Bitcoin a Black Swan Event? The term “Black Swan Event” describes certain events in history so profoundly unexpected and massive in scale, that they fundamentally changed the course of history. There are good Black Swans (the unpredicted rise of the internet), and bad Black swans (rise of Hitler). The absurdity of a Black Swan ever existing was so outrageous during the middle ages it became a metaphor for the laughably impossible.  In today’s world we might comparably say something about snowball’s chance in Hell. For many centuries, the metaphor existed until about the year 1700 they were discovered to actually to exist in Australia.  Now it’s the symbol of the Western Australia flag. Nassim Taleb , a Professor of […]

The post Is Bitcoin a Black Swan Event? appeared first on Bitcoin Magazine.

Bitcoin exchanges are going through hard times. In the span of a month, Mt. Gox has gone bankrupt, Flexcoin has shut down due to robbery, and Vircurex has halted Bitcoin withdrawals. Coinex.pw was also hacked. At first glance, these events appear devastating for the Bitcoin economy. But when we look deeper, we discover something extraordinary. The following fact has the potential to fundamentally transform financial markets: Depositors are losing their money. This is great news, albeit not from the recent depositors’ perspective. From a broader economic standpoint, Bitcoin bank runs are radically changing the core of financial markets: the incentive structure. Nearly every country on the planet has both a central bank and government-backed deposit insurance. The Bitcoin economy has […]

The post The Beauty of Bitcoin Bank Runs appeared first on Bitcoin Magazine.

Written By: Christopher Rajotte, Andrew Ittleman, and Mitchell Fuerst, Fuerst Ittleman David & Joseph, PL, Miami, Florida From the recent collapse of the major bitcoin exchange, Mt. Gox, to the alleged identification of Bitcoin’s creator in California, the prominence of bitcoin in the public consciousness seems to escalate by the day. The public’s focus on bitcoin at this time of year is especially appropriate given that it is tax season. The use of bitcoin in the marketplace raises a host of tax issues and many bitcoin users are searching for answers as to how to treat and report their bitcoin income or transactions. This article is meant to serve as a primer on the key tax issues raised by bitcoin use and how […]

The post Bitcoin Taxation: Understanding IRS Notice 2014-21 appeared first on Bitcoin Magazine.

On March 24th, Israel’s most reputable exchange entered the booming Vietnamese market. Israel & Bitcoin: Fertile Ground Bit2C Ltd, one of Israel’s largest bitcoin exchanges, was born only one year ago.  When Co-founder and CEO Eli Bejerano was introduced to bitcoin, he saw potential for it immediately.  Initially, he wanted to create a news site for bitcoiners, but written in Hebrew, since most of the information on the innovation was in English.  However, his idea quickly transformed from a bitcoin news site to a bitcoin exchange, where Israelites could buy and sell the cryptocurrency: “We noticed that Israelis needed to take their currency and [transfer it] into dollars and send it abroad,” Eli explains. So, he teamed up with Haddar […]

The post Bitcoin Arrives in Vietnam! appeared first on Bitcoin Magazine.

A "Stuff Venture Capitalists Say"-style video about Bitcoin would have two memes at the top of the list: "Bitcoin reminds me of the early Internet" and "Libertarians are going to hate this thing when it gets big."

This week's roundup of bitcoin ATM/vending machine installations, and a couple of other interesting items to watch out for.

The company aims to make bitcoin payments as easy as possible for merchants – keeping the mechanics behind-the-scenes.

While BitPay and Coinbase are bringing Bitcoin solutions for merchants in the United States and other western nations, BitPagos is focusing on a part of the Bitcoin ecosystem that may actually be more important in the early days of Bitcoin adoption. Many Bitcoin critics like to point out the fact that most merchants immediately exchange […]

The post BitPagos is Bringing Bitcoin to the Developing World appeared first on CryptoCoinsNews.

Didn't get a chance to stay up-to-date with all the news and features on CoinDesk this week? Don't panic.

A graphic designer has converted his 1970 Plymouth Barracuda into a modern-day supercar – it's yours for 429 BTC.

The ad agency now accepts bitcoin and is offering a 20% discount on payments in the cryptocurrency.

BTC China has published a statement reassuring Chinese investors that its operations will resume as normal despite regulatory uncertainty.

The HexFury is a new USB miner on the Bitcoin mining scene that throws out the window the 5 gh/s barrier that seemed to be the limit with USB powered miners. It uses 6 BitFury chips and the OneString board design to achieve a high output while drawing the small amount of power available to […]

The post HexFury: The First 11gh/s+ USB Miner appeared first on CryptoCoinsNews.

In a recent exchange at a meeting for the Committee on Small Business, Congressman David Schweikert decided to ask the panel of distinguished guests about the possibility of Bitcoin as a long term threat to the US dollar. Although he admitted that this is nothing to worry about over the short term, the reality is […]

The post Congressman Schweikert: Is Bitcoin Threat to US Dollar? appeared first on CryptoCoinsNews.

Patreon has 'already built most of the code' to integrate regular bitcoin donations for its artists and other creators.

A new memorandum from the Texas Department of Banking clarifies regulatory rules for state bitcoin exchanges.