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The IRS Decision: What Does It Mean?

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On March 25th, the United States’ Internal Revenue Service (IRS), issued a statement saying that bitcoins (and presumably other cryptocurrencies) are to be treated as property for tax purposes. Basically, this means that all capital gains and losses made from

Posted in Bitcoin, Cryptocurrency, Information, Regulation

Auroracoin: Iceland Gets Its Own Cryptocurrency

Recently, nations have been getting their own cryptocurrencies. Auroracoin, the cryptocurrency created by the pseudonymous Icelander Baldur Friggjar Óðinsson (who may be a group or an individual), was created as a national alternative currency for Iceland. The creator or creators

Posted in Auroracoin, Cryptocurrency, Information

First Bitcoin Derivative On Tera May Bring Regulation

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On Monday, March 24, TeraExchange, a trade execution platform that deals in numerous types of cleared OTC swaps, announced that it had constructed the first derivative swap involving Bitcoin. Two U.S. firms had privately negotiated the swap, which is a

Posted in Bitcoin, Cryptocurrency, Information, Investments, Regulation

Now Vircurex: Bitcoin Exchanges See Troubled Times

Recently, what was one of the first and largest Bitcoin exchange platforms, Mt. Gox, halted all withdrawals, shut down, and declared bankruptcy. The CEO, Mark Karpelès, was once a member of the board of the Bitcoin Foundation, but resigned his

Posted in Cryptocurrency, Exchanges, Information, Investments, Security

The Satoshi Nakamoto Mystery

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Since the creation of Bitcoin, many have wondered who Satoshi Nakamoto, the pseudonymous creator, actually was. The mystery was deepened recently when on March 6, 2014, Newsweek published an article which identified a man named Dorian Prentice Satoshi Nakamoto as

Posted in Bitcoin, Community, Information