After completing a $75 million funding round, Bitcoin payment firm Coinbase has revealed it will open the first Bitcoin exchange in the United States.
The company has regulatory approval in half of the states already for this purpose.
Coinbase already offers exchange services in 19 countries.
Source: Tech Crunch, Jon Russell
Apple has begun inroads into outdated payment networks with the launch of Apple Pay. The launch is timely with consumers been hit by security breaches and are likely to adopt products like Apple Pay.
It is a similar concept to Bitcoin. Will Apple Pay kill Bitcoin?
Source : Yahoo Finance
Everyone may have these questions on Bitcoin: What is Bitcoin? Why is it a crytocurrency? How much is it worth? Can anyone buy Bitcoins and trade with it? Can I use it to pay for goods and services? Read more to gain answers to these common questions. Source : The Sydney Morning Herald. Written by…
Canada has enacted legislation to define the status of crypto-currencies, which is the first legislation worldwide. The amendments make Bitcoin and all digital currencies subject to laws applied to businesses dealing with money.
Souce: The Register
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
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
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…
