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+18 +5
Singapore government to tax some bitcoin transactions
Singapore-registered companies who buy and sell bitcoins or exchange the digital currency for other goods and services must pay taxes for these transactions, says the Inland Revenue Authority of Singapore (IRAS), Singapore’s tax authority. The government’s stance towards the volatile...
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+18 +3
Bitcoin Tops $1,000 Again on Adoption by Zynga Amid Wider Usage
The price of Bitcoin surpassed $1,000 again on the Mt.Gox exchange, after Zynga Inc. said it would start accepting the virtual currency for some of its online social games as the digital money becomes more widely used.
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+8 +2
Kanye West Now Has His Own Cryptocurrency and It’s Called Coinye West
If you couldn’t get behind Bitcoin, the peer-to-peer digital cryptocurrency that’s as volatile as your weird uncle when he’s 3 glasses of gin deep, perhaps Coinye West is more your style. Like Dogecoin, the digital currency stamped with the glorious face of the Internet’s favorite Shibu Inu, the soon to debut Coinye West is piggybacking off of the success of Bitcoin and creating its very own unregulated currency that they hope Kanye himself will get behind.
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+17 +4
Why I Lost Faith In Bitcoin As A Money Transfer Protocol
As 2013 came to an end, many reflected on last year’s biggest tech news — and Bitcoin was a serious contender. But the main question remains: why are people interested in Bitcoin?
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+15 +4
What happens to dead bitcoins?
Bitcoin watchers everywhere let out a guttural sigh of pity when they heard the story of James Howells earlier this month. Howells inadvertently threw away $7.5 million worth of Bitcoin when he tossed out an old hard drive containing 7,500 units of the online cryptocurrency. The Welshman had purchased them back in 2009, shortly after bitcoins were introduced, for less than $6. Now he's kicking himself while digging through a British landfill.
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+23 +1
How Bitcoin Became the Honey Badger of Money
If you’ve driven on Santa Clara’s Lawrence Expressway sometime in the past six months, you may have seen the Bitcoin honey badger.
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+13 +1
The Bitcoin Swan Dive Was Utterly Predictable
Bitcoin took a pounding in the last 24 hours, dropping below the $500 mark on the popular Mt.Gox exchange before rebounding.
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+16 +4
Bitcoin's Outlook In China Is Not Looking So Good Right Now
China's crackdown on Bitcoin has begun in earnest, according to Bill Bishop, the editor of the Sinocism newsletter and a New York Times contributor. Bishop is confirming this evening an earlier report from Coindesk.com's Emily Spaven that the People's Bank of China has issued a new ban on third-party payment processors from doing business with Bitcoin exchanges.
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+12 +1
Why Bitcoin Inventor 'Satoshi Nakamoto' Is The Most Impressive Person Of 2013
We're going to give our vote to a different person, whose reach has been equally global and whose full influence may yet still be felt: the creator of Bitcoin.
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+15 +6
Bitcoin takes a beating: down nearly 50% as China cracks down
After a record run, Bitcoin prices have tumbled back to earth after the Chinese government announced a series of bans on the currency. Here is a chart and some background.
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+17 +3
Bitcoin is so 2013: Dogecoin is the new cryptocurrency on the block
It was only a matter of time before the 2013 meme of the year tried to turn his success into financial gain. Enter Dogecoin: a Bitcoin-like cryptocurrency that seems to have started as a joke and is beginning to actually accumulate some value. As with most things meme, there's a community on Reddit called Dogemarket where users are trading Dogecoin for actual, real-world items — though as of today, a single Dogecoin is worth only $0.00023.
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+11 +4
EU banking watchdog EBA warns of risks from Bitcoin
EU banking watchdog EBA warns of risks from Bitcoin
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+11 +3
Coinbase raises $25 million in Series B round of funding led by Andreessen Horowitz
Coinbase, the digital currency wallet and payment processor for merchants, has raised $25 million in a Series B round of funding led by Silicon Valley-based venture capital firm Andreessen Horowitz. Union Square Ventures and Ribbit Capital also participated in what is described as the largest round of funding for a company that works with digital currency.
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+16 +4
Bitcoin is too cheap for its own good
Last week, when Bitcoin’s price hit a new high of $1,240, Bloomberg News compared it to a massive bubble. Then over the weekend, on the news that China’s central banks would be banning...
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+16 +2
Why Wall Street isn't ready for Bitcoin
The biggest organizations in the financial world have been conspicuously silent when it comes to Bitcoin, almost entirely staying out a staying out of a sector that’s been a huge moneymaking opportunity for those lucky enough to get in early.
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+9 +1
Why nobody in their right mind should get into Bitcoin right now
You either need to be really rich, really idealistic, or really crazy to invest in Bitcoin
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+11 +3
Lamborghini Newport Beach Gets All-Electronic Currency for All-Electronic Vehicle
I've written before about the Lamborghini dealership in my 'hood--so close that I could reach it sleepwalking on Ambien in about 3 minutes. There are always Italian sportscars worth hundreds of thousands of dollars each in the Lamborghini Newport Beach showroom along Baker Street near Harbor Boulevard in Costa Mesa, where the outdoors lot at times is filled with rides but more often is not.
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+11 +1
Bitcoin Crashes, Loses a Quarter of its Value.
Bitcoin's value plummeted today, by 25% from a high of over 1100 US dollars per BTC to a low value of under 830. The virtual currency, whose value has increased five-fold in just over one month, has been at risk of such a spectacular crash due to speculative investment in the now multibillion dollar market.
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+11 +2
The Real Reason for Pensions
Augustus Caesar, in 13 B.C., worried that retired soldiers might rise up against the empire. So he came up with a clever solution: after twenty years in a legion and five years in the military reserves, a soldier would earn, in a lump sum, a pension that worked out to about thirteen times a legionnaire’s annual salary. Pay the veterans off, the reasoning went, and they’ll be less inclined to overthrow you.
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+13 +2
In the Murky World of Bitcoin, Fraud Is Quicker Than the Law
The call went out on Twitter: “For insane profits come and join the pump.” It was an invitation to a penny stock-style pump-and-dump scheme — only this one involved Bitcoin, the soaring, slightly scary virtual currency that has beckoned and bewildered people around the world. While such bid ’em up, sell ’em off scams are shut down in the financial markets all the time, this one and other frauds involving digital money have gone unchecked.
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