Bitcoins suffered a blow in Norway as the government declared that it was not real money. It will be treated as an asset and be subject to a capital gains tax, Bloomberg reported.
Tags: Digital Currency
IOTA Foundation's $10 Million Investment Drive: Fueling Digital Trade and Tokenization
The IOTA foundation is investing $10 million in early-stage startups focusing on digital trade and tokenization of real-world assets, fostering innovation within the IOTA ecosystem.
Caribbean Bitcoin Firm Secured Strategic Investment from Overstock.com
Overstock.com is making a strategic investment in Caribbean digital currency firm Bitt. The $4 million in Series A will be allocated to improve Bitt’s software as well as expanding its operation across other Caribbean countries.
Bitcoin promoter pleads guilty to unlicensed use of currency
A man who helped to promote bitcoin wants to remain in the business despite pleading guilty Thursday to indirectly helping send more than $1 million in the digital currency to users of the illicit online marketplace Silk Road, his lawyer said.
U.S. authorities probe bitcoin exchanges over illegal transactions: WSJ
Several bitcoin exchanges including the now-defunct Mt. Gox received subpoenas from Manhattan federal prosecutors this winter as they look into possible ties between the exchanges and the online drug market Silk Road, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Latest News
Virtual currencies are all the rage these days, with Bitcoin at the lead. A report on The Irish Times examined the other solutions that the digital money could provide.
Just what is the Bitcoin? A report from Wired gives a clearer understanding of what the digital currency is, how it is used, where it can be obtained and how to keep your Bitcoin wallet safe from thieves.
An analyst said that the involvement of Bitcoin in the Silk Road online marketplace scandal provided enough boost for the digital currency to receive support from the market, and even US government agencies, as an accepted investment and payment technology solution.
Bloomberg Businessweek reported that the Bitcoin frenzy had reached China. Bloomberg Businesswee reported that the Bitcoin frenzy had gripped China. The world's second largest economy had become the second largest maker of Bitcoins worldwide, according to data compiled by SourceForge.
Bitcoin Foundation joins U.S. regulators in FinCEN-hosted discussion regarding digital currency. Financial Crimes Enforcement Network (FinCEN) director Jennifer Shasky-Calvery hosted a discussion with members of the Bitcoin Foundation.
Owning Bitcoin could become illegal if governments outlawed the digital currency due to unusual risks and decentralization.
Digital currency companies are rushed to comply with anti-money laundering acts after Liberty Reserve gotten held up for an alleged money laundering scheme.
1
