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What would happen to miners and merchants if the bitcoin price reached $500? – CoinDesk

What would happen to miners and merchants if the bitcoin price reached $500?
CoinDesk
Bitcoin’s price has been relatively stable the past few months. That’s save for a nail-biting drop in value to almost $65 per BTC for investors in early July. Sixty-five USD was a low number that hadn’t been seen since the skyrocket-then-drop valuation


What would happen to miners and merchants if the bitcoin price reached $500?
CoinDesk
Bitcoin's price has been relatively stable the past few months. That's save for a nail-biting drop in value to almost $65 per BTC for investors in early July. Sixty-five USD was a low number that hadn't been seen since the skyrocket-then-drop valuation ...

Who needs a Cayman account when youve got Bitcoin – Graves investigating … – Politico

Who needs a Cayman account when youve got Bitcoin – Graves investigating
Politico
WHO NEEDS A CAYMAN ACCOUNT WHEN YOU’VE GOT BITCOIN? The US has been leading a global movement to crack down on tax evasion but as our own Lauren French reports, they may not be keeping up with the digital future of tax cheats: Bitcoin.

and more »


Who needs a Cayman account when youve got Bitcoin - Graves investigating ...
Politico
WHO NEEDS A CAYMAN ACCOUNT WHEN YOU'VE GOT BITCOIN? The US has been leading a global movement to crack down on tax evasion but as our own Lauren French reports, they may not be keeping up with the digital future of tax cheats: Bitcoin.

and more »

The bitcoin guide to what to do, eat, read and think on your holiday – CoinDesk

The bitcoin guide to what to do, eat, read and think on your holiday
CoinDesk
This week, it chose to mark a chunklet of real bitcoin news – a judge deciding that BTC was real enough to be called money – as proof that the currency is doomed. The argument went something like this: bitcoin’s only reason to exist is that it’s


The bitcoin guide to what to do, eat, read and think on your holiday
CoinDesk
This week, it chose to mark a chunklet of real bitcoin news – a judge deciding that BTC was real enough to be called money – as proof that the currency is doomed. The argument went something like this: bitcoin's only reason to exist is that it's ...

Canadian startup Coin Forest is Groupon for bitcoin – CoinDesk

Canadian startup Coin Forest is Groupon for bitcoinCoinDeskCoin Forest is a new site that enables bitcoin users to take advantage of group discounts from bitcoin friendly merchants. The team behind the site is based in Victoria, British Columbia, Canad…


Canadian startup Coin Forest is Groupon for bitcoin
CoinDesk
Coin Forest is a new site that enables bitcoin users to take advantage of group discounts from bitcoin friendly merchants. The team behind the site is based in Victoria, British Columbia, Canada. Coin Forest will promote limited time deals with online ...

Utah-based housing company allows BYU Idaho students to pay in bitcoin – CoinDesk

Utah-based housing company allows BYU Idaho students to pay in bitcoin
CoinDesk
Daniel Larson, of EdgeCreek Property Management, said he started paying attention to the bitcoin scene about 18 months ago, but his company began looking into it as a form of payment about three or four months ago. He went on to say: “We understand 


Utah-based housing company allows BYU Idaho students to pay in bitcoin
CoinDesk
Daniel Larson, of EdgeCreek Property Management, said he started paying attention to the bitcoin scene about 18 months ago, but his company began looking into it as a form of payment about three or four months ago. He went on to say: “We understand ...

Federal Judge Rules Bitcoin Is A ‘Form Of Money’ – CBS Local

Federal Judge Rules Bitcoin Is A ‘Form Of Money’
CBS Local
Bitcoins are created, distributed, and authenticated independently of any bank or government. The currency’s cryptography makes it almost immune from counterfeiting, and its relative anonymity holds out the promise of being able to spend money across


Federal Judge Rules Bitcoin Is A 'Form Of Money'
CBS Local
Bitcoins are created, distributed, and authenticated independently of any bank or government. The currency's cryptography makes it almost immune from counterfeiting, and its relative anonymity holds out the promise of being able to spend money across ...

Court officially declares Bitcoin a real currency – RT (blog)

RT (blog)Court officially declares Bitcoin a real currencyRT (blog)Trendon Shavers of Bitcoin Savings & Trust (BTCST) was accused last year of scamming customers out of roughly $4.5 million worth of the cryptocurrency through his online hedge-fund….


RT (blog)

Court officially declares Bitcoin a real currency
RT (blog)
Trendon Shavers of Bitcoin Savings & Trust (BTCST) was accused last year of scamming customers out of roughly $4.5 million worth of the cryptocurrency through his online hedge-fund. Shavers promised investors a weekly return of 7 percent, according to ...

56.4 TH/s of Avalon Bitcoin Mining ASICs Reportedly Held Up in Customs

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Today, after several weeks of silence on the status of the 10,000 chip bulk orders, Yifu Guo posted on Avalon’s web site a story of extortion in china. Several weeks ago a team member’s personal information was identified and family members were intimidated. Reportedly, the malicious party was threatening Avalon team member’s safety if their demands for payment were not met. The radio-silence during was attributed to their evaluating potential solutions and implementing new security procedures. Also included in this report is an update on the status of existing pre-orders, as well as a discussion of their future plans. The good news is that a significant portion of pre-orders are on their way to customers’ hands. Avalon sold both per-assembled units running at 65GH/s as well as bulk orders of 10,000 ASIC chips running at 282 MH/s each. Avalon pre-sold 600 assembled units units on March 25th for 75 BTC, projected to be one month’s…

The post 56.4 TH/s of Avalon Bitcoin Mining ASICs Reportedly Held Up in Customs appeared first on The Genesis Block.

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Today, after several weeks of silence on the status of the 10,000 chip bulk orders, Yifu Guo posted on Avalon’s web site a story of extortion in china. Several weeks ago a team member’s personal information was identified and family members were intimidated. Reportedly, the malicious party was threatening Avalon team member’s safety if their demands for payment were not met. The radio-silence during was attributed to their evaluating potential solutions and implementing new security procedures. Also included in this report is an update on the status of existing pre-orders, as well as a discussion of their future plans. The good news is that a significant portion of pre-orders are on their way to customers’ hands. Avalon sold both per-assembled units running at 65GH/s as well as bulk orders of 10,000 ASIC chips running at 282 MH/s each. Avalon pre-sold 600 assembled units units on March 25th for 75 BTC, projected to be one month’s…

The post 56.4 TH/s of Avalon Bitcoin Mining ASICs Reportedly Held Up in Customs appeared first on The Genesis Block.

Sorry, libertarians: Bitcoins are currency and can be regulated under US law … – PCWorld (blog)

Sorry, libertarians: Bitcoins are currency and can be regulated under US law
PCWorld (blog)
On paper, Bitcoins sound like a libertarian’s dream: A virtual crypto-currency that’s veiled in anonymity, free from ties to national governments, and wonderfully bereft of transaction fees? Take that, The Man! But now that Bitcoins have been thrust


Sorry, libertarians: Bitcoins are currency and can be regulated under US law ...
PCWorld (blog)
On paper, Bitcoins sound like a libertarian's dream: A virtual crypto-currency that's veiled in anonymity, free from ties to national governments, and wonderfully bereft of transaction fees? Take that, The Man! But now that Bitcoins have been thrust ...

What Libbitcoin and SX are And Why They Matter

Amir Taaki’s libbitcoin has come to be one of the most advanced alternative implementations of the Bitcoin protocol in existence. Although there are now dozens of alternative implementations on the market, libbitcoin is one of the few that re-implements the complete Bitcoin standard, allowing users to run a deterministic wallet, an elliptic curve message signing interface and, of course, a fully functional Bitcoin node. Even multisignature transactions, which many popular wallets including blockchain.info and Bitcoin Wallet for Android still do not support, libbitcoin handles just fine. Libbitcoin is also unique in its modularity; the package itself is a software library, containing a set of components each of which can be programmatically called individually, avoiding the need to start up a […]

The post What Libbitcoin and SX are And Why They Matter appeared first on Bitcoin Magazine.

Amir Taaki’s libbitcoin has come to be one of the most advanced alternative implementations of the Bitcoin protocol in existence. Although there are now dozens of alternative implementations on the market, libbitcoin is one of the few that re-implements the complete Bitcoin standard, allowing users to run a deterministic wallet, an elliptic curve message signing interface and, of course, a fully functional Bitcoin node. Even multisignature transactions, which many popular wallets including blockchain.info and Bitcoin Wallet for Android still do not support, libbitcoin handles just fine. Libbitcoin is also unique in its modularity; the package itself is a software library, containing a set of components each of which can be programmatically called individually, avoiding the need to start up a […]

The post What Libbitcoin and SX are And Why They Matter appeared first on Bitcoin Magazine.

Bitcoin is real – get over it… – Finextra

Bitcoin is real – get over it…FinextraRecently I have been embroiled in an interesting debate on Finextra.com regarding the death of cash, or as some may classify it, the premature assassination of cash. Connected with this the threat of BitCoins hav…


Bitcoin is real - get over it...
Finextra
Recently I have been embroiled in an interesting debate on Finextra.com regarding the death of cash, or as some may classify it, the premature assassination of cash. Connected with this the threat of BitCoins have recently been extolled throughout the ...

US Court Says Bitcoin is Money, Can be Regulated – The Mac Observer

The Mac ObserverUS Court Says Bitcoin is Money, Can be RegulatedThe Mac ObserverA U.S. Federal Court has ruled that Bitcoins can be considered an actual currency, and as such falls under government regulation. The ruling was part of a case where a man …


The Mac Observer

US Court Says Bitcoin is Money, Can be Regulated
The Mac Observer
A U.S. Federal Court has ruled that Bitcoins can be considered an actual currency, and as such falls under government regulation. The ruling was part of a case where a man was charged with using Bitcoins in a ponzi scheme that defrauded investors out ...

Federal judge: Bitcoin ‘can be used as money,’ subject to SEC – Daily Caller

Federal judge: Bitcoin ‘can be used as money,’ subject to SEC
Daily Caller
The decision bodes poorly for Trendon Shavers, a Bitcoin banker accused by the Securities and Exchange Commission (SEC) of running a Ponzi scheme costing unwitting investors over 260,000 Bitcoin, at the time nearly $3 million in old-fashioned American 


Federal judge: Bitcoin 'can be used as money,' subject to SEC
Daily Caller
The decision bodes poorly for Trendon Shavers, a Bitcoin banker accused by the Securities and Exchange Commission (SEC) of running a Ponzi scheme costing unwitting investors over 260,000 Bitcoin, at the time nearly $3 million in old-fashioned American ...

Am Law Lawyers Help Bring Bitcoin to the Masses – The American Lawyer

Am Law Lawyers Help Bring Bitcoin to the MassesThe American LawyerIn July, Moriarty filed with the Securities and Exchange Commission what appears to be the first-ever proposal to create a bitcoin-based, exchange-traded fund on behalf of two high-profi…


Am Law Lawyers Help Bring Bitcoin to the Masses
The American Lawyer
In July, Moriarty filed with the Securities and Exchange Commission what appears to be the first-ever proposal to create a bitcoin-based, exchange-traded fund on behalf of two high-profile clients: Cameron and Tyler Winklevoss, the twin brothers famous ...