The Australian Tax Office (ATO) has been struggling on how to classify the digital currency Bitcoin.
The steady growth of digital currency transactions in Australia had the ATO worried of people avoiding paying tax.
The ATO will finally release a digital currency guidance by the end of the financial year.
Source: Yahoo Finance
Entrepreneurship is a high risk profession. You are risking your own future on the power of market conditions, personal work ethics tc where it may be out of your control or within.
Source: Entrepreneur
Following changes in IRS regulation, Bitcoin has seen its value start to decline. When it was previously categorised as currency, it is now to be treated as property.
Source: http://techcrunch.com/2014/03/30/bitcoin-slips-in-the-wake-of-the-irss-tax-decision/?ncid=tcdaily
Dropbox is able to identify and block the sharing of copyrighted material without actually accessing personal files. The system used to achieve this has been used for many years and allows Dropbox to restrict the sharing of pre-selected files.
Source: http://techcrunch.com/2014/03/30/how-dropbox-knows-when-youre-sharing-copyrighted-stuff-without-actually-looking-at-your-stuff/?ncid=tcdaily
The Bitcoin is a new type of currency that was started in 2009 by an unknown individual using the apellation of Satoshi Nakakmoto. The way Bitcoins operate means that there is are middle men in the transaction, that is, banks are not involved. For buyers, this means no transaction fees and enhanced privacy as real…
Over 850 consignments of counterfeit products have been confiscated by the Qatar Customs during the past year.
This included 679 cases of commercial fraud and 162 violations relating to intellectual property.
Original article : The Peninsula
Bit Coin has caused quite a revolution in the financial sectors and also created political firestorms for the value appreciation of the digital currency.
Google Director Jared Cohen says, digital currencies such as Bit Coin are inevitable.
Original article at Tech Crunch.
Dubai is aiming to double the arrival of tourists by 2020, with positive indications that it is happening. Dubai’s skyline is expanding with a plethora of new hotels and most of them five star ones.
The Dubai International Airport is now the second busiest airport in the world.
