Mastodon

Author: admin

Bitcoin shunned by big banks as Mt Gox halts dollar payouts – Wired.co.uk

Bitcoin shunned by big banks as Mt Gox halts dollar payouts
Wired.co.uk
The world’s best-known Bitcoin exchange stopped paying out customers in US dollars on 20 June. Mt. Gox didn’t exactly explain what was going on, though. It blamed an “increased volume” of transactions, and said it would suspend US cash withdrawals for …

Bitcoin shunned by big banks as Mt Gox halts dollar payouts
Wired.co.uk
The world's best-known Bitcoin exchange stopped paying out customers in US dollars on 20 June. Mt. Gox didn't exactly explain what was going on, though. It blamed an "increased volume" of transactions, and said it would suspend US cash withdrawals for ...

My So-Called Bitcoin Life – National Review Online (blog)

My So-Called Bitcoin Life
National Review Online (blog)
Even the Government Accountability Office has taken note, issuing a report saying that income from Bitcoin transactions may be taxable. Bitcoin’s apologists claim it will change the way we think about money forever. Its critics claim it’s super-lame …

My So-Called Bitcoin Life
National Review Online (blog)
Even the Government Accountability Office has taken note, issuing a report saying that income from Bitcoin transactions may be taxable. Bitcoin's apologists claim it will change the way we think about money forever. Its critics claim it's super-lame ...

Bitcoin’s Big Bank Problem: Why Did Mt. Gox Halt US Payouts? – Wired


New York Magazine

Bitcoin’s Big Bank Problem: Why Did Mt. Gox Halt US Payouts?
Wired
The world’s best-known Bitcoin exchange stopped paying out customers in U.S. dollars Thursday. Mt. Gox didn’t exactly explain what was going on, though. It blamed an “increased volume” of transactions, and said it would suspend U.S. cash withdrawals …
My So-Called Bitcoin LifeNational Review Online (blog)
Bitcoin prices have stayed afloat amid the Fed-fueled storm, but look out aheadMarketWatch
Bitcoin Sees the Grim ReaperNew York Magazine
Engadget –IBTimes.co.uk –The Verge
all 32 news articles »

New York Magazine
Bitcoin's Big Bank Problem: Why Did Mt. Gox Halt US Payouts?
Wired
The world's best-known Bitcoin exchange stopped paying out customers in U.S. dollars Thursday. Mt. Gox didn't exactly explain what was going on, though. It blamed an “increased volume” of transactions, and said it would suspend U.S. cash withdrawals ...
My So-Called Bitcoin LifeNational Review Online (blog)
Bitcoin prices have stayed afloat amid the Fed-fueled storm, but look out aheadMarketWatch
Bitcoin Sees the Grim ReaperNew York Magazine
Engadget -IBTimes.co.uk -The Verge
all 32 news articles »

Cameron And Tyler Winklevoss Tell Us Why They’re So Bullish On Bitcoin [TCTV] – TechCrunch

Cameron And Tyler Winklevoss Tell Us Why They’re So Bullish On Bitcoin [TCTV]
TechCrunch
Through their Winklevoss Capital early-stage investment firm, the brothers have bought up roughly $11 million worth of Bitcoins, accounting for some one percent of the nascent currency. They have also started leading investments in companies dealing in …

and more »

Cameron And Tyler Winklevoss Tell Us Why They're So Bullish On Bitcoin [TCTV]
TechCrunch
Through their Winklevoss Capital early-stage investment firm, the brothers have bought up roughly $11 million worth of Bitcoins, accounting for some one percent of the nascent currency. They have also started leading investments in companies dealing in ...

and more »

Bitcoin prices have stayed afloat amid the Fed-fueled storm, but look out ahead – MarketWatch (blog)

Bitcoin prices have stayed afloat amid the Fed-fueled storm, but look out ahead
MarketWatch (blog)
It looks like the Bitcoin may be maturing from its volatile youth. But a two-week freeze on U.S. dollar withdrawals from the popular Bitcoin exchange Mt. Gox could spell trouble for the virtual currency. Markets “stumbled,” were “roiled” and “rattled …

Bitcoin prices have stayed afloat amid the Fed-fueled storm, but look out ahead
MarketWatch (blog)
It looks like the Bitcoin may be maturing from its volatile youth. But a two-week freeze on U.S. dollar withdrawals from the popular Bitcoin exchange Mt. Gox could spell trouble for the virtual currency. Markets “stumbled,” were “roiled” and “rattled ...

Mt. Gox, the largest Bitcoin exchange, suspends withdrawals in dollars – The Verge

Mt. Gox, the largest Bitcoin exchange, suspends withdrawals in dollarsThe VergeMt. Gox, which processes around 70 percent of all Bitcoin transactions in the world, just announced it is suspending wire transfer withdrawals denominated in US dollars for …


Mt. Gox, the largest Bitcoin exchange, suspends withdrawals in dollars
The Verge
Mt. Gox, which processes around 70 percent of all Bitcoin transactions in the world, just announced it is suspending wire transfer withdrawals denominated in US dollars for the next two weeks. The company claims it has been experiencing unusually high ...

Barons of Bitcoin: the Tokyo-based powerhouse that controls the world’s … – The Verge

Barons of Bitcoin: the Tokyo-based powerhouse that controls the world’s …
The Verge
The virtual currency Bitcoin isn’t backed by any assets or central authority. It’s only three years old and its exact origin is a mystery. And yet, for some reason, tens of thousands of people have determined that a single Bitcoin — essentially a …

Barons of Bitcoin: the Tokyo-based powerhouse that controls the world's ...
The Verge
The virtual currency Bitcoin isn't backed by any assets or central authority. It's only three years old and its exact origin is a mystery. And yet, for some reason, tens of thousands of people have determined that a single Bitcoin — essentially a ...

Bitcoin trader Mt. Gox halts US cash withdrawals for 14 days – TechHive

Bitcoin trader Mt. Gox halts US cash withdrawals for 14 days
TechHive
Mt. Gox, the world’s largest Bitcoin exchange, is going through some more growing pains. On Thursday, the company announced it will shut down U.S. dollar cash withdrawals for the next two weeks, effective immediately. The shutdown does not affect …

Bitcoin trader Mt. Gox halts US cash withdrawals for 14 days
TechHive
Mt. Gox, the world's largest Bitcoin exchange, is going through some more growing pains. On Thursday, the company announced it will shut down U.S. dollar cash withdrawals for the next two weeks, effective immediately. The shutdown does not affect ...

GAO: IRS Should Tax Bitcoins – Americans for Tax Reform

GAO: IRS Should Tax BitcoinsAmericans for Tax ReformThe Government Accountability Office released a report on May 15 which discussed the responsibility of the IRS for providing taxpayers with guidelines about the tax liabilities involved with the use o…


GAO: IRS Should Tax Bitcoins
Americans for Tax Reform
The Government Accountability Office released a report on May 15 which discussed the responsibility of the IRS for providing taxpayers with guidelines about the tax liabilities involved with the use of virtual currencies. The most common of these ...

Bitcoin Sees the Grim Reaper – New York Magazine

New York MagazineBitcoin Sees the Grim ReaperNew York MagazineFirst, the third-party infrastructure surrounding the virtual currency would become shaky, eroding confidence in Bitcoin as a safe and legitimate alternative to government-issued currency. T…


New York Magazine
Bitcoin Sees the Grim Reaper
New York Magazine
First, the third-party infrastructure surrounding the virtual currency would become shaky, eroding confidence in Bitcoin as a safe and legitimate alternative to government-issued currency. That happened. Next, authorities would crack down on the black ...
My So-Called Bitcoin LifeNational Review Online (blog)
GAO: IRS Should Tax BitcoinsAmericans for Tax Reform
Bitcoin tax time?Salon
E-Commerce Times -FX Empire -SV411
all 12 news articles »

I For One Welcome Our Bitcoin Overlords – National Review Online (blog)

I For One Welcome Our Bitcoin Overlords
National Review Online (blog)
I should add that two people deserve credit for helping me keep my head above water for the week: First, Zach Harvey, who is a Bitcoin consultant and was really patient about explaining things to me that I still don’t totally understand, and second …

I For One Welcome Our Bitcoin Overlords
National Review Online (blog)
I should add that two people deserve credit for helping me keep my head above water for the week: First, Zach Harvey, who is a Bitcoin consultant and was really patient about explaining things to me that I still don't totally understand, and second ...

Bitcoin Exchange Mt. Gox Temporarily Suspends Dollar Withdrawals – Business Insider

Bitcoin Exchange Mt. Gox Temporarily Suspends Dollar WithdrawalsBusiness InsiderOver the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume ha…


Bitcoin Exchange Mt. Gox Temporarily Suspends Dollar Withdrawals
Business Insider
Over the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume has made it difficult for our bank to process the transactions smoothly and within ...

Update on BitPay Exchange Rate Calculations

Effective immediately, BitPay has temporarily stopped using Mt. Gox for determining the exchange rate for our invoices.The rate calculation that BitPay uses for each invoice is now as follows:1.  Pull the full Level II market depth, on the bid sid…

Effective immediately, BitPay has temporarily stopped using Mt. Gox for determining the exchange rate for our invoices.
The rate calculation that BitPay uses for each invoice is now as follows:
1.  Pull the full Level II market depth, on the bid side, from multiple exchanges.
2.  Merge the market depths into one Consolidated Level II table.
3.  Calculate the blended clearing price for the amount of the invoice, assuming an auto-routing market sell order across all exchanges, with zero commission.
BitPay is committed to offering the fairest possible rate to the buyer, while minimizing our counterparty risk.