Search Results for: Bitcoin Direct
Over 10,000 people were duped by Bitcoin mining startup, feds say
December 2nd, 2015
SEC: Josh Garza and GAW Miners “robbed one investor to pay another.” On Wednesday, the Securities and Exchange Commission sued the founder of a now-shuttered Bitcoin mining company, alleging that it committed $19 million worth of fraud in a Ponzi scheme. ...
SEC Charges Bitcoin Mining Companies
December 2nd, 2015
The Securities and Exchange Commission today charged two Bitcoin mining companies and their founder with conducting a Ponzi scheme that used the lure of quick riches from virtual currency to defraud investors. According to the SEC’s complaint filed in ...
Bitcoin to be 6th largest reserve currency by 2030: Research
November 5th, 2015
Bitcoin industry insiders have issued an optimistic prediction for the cryptocurrency over the next few decades, suggesting it could be as widely used as the Swiss franc or the Australian dollar. U.K.-based Magister Advisors, which advises the technology industry ...
Bitcoin blunders its way to an ASX listing
November 2nd, 2015
ASX hopeful Bitcoin Group has delayed its listing after running into trouble with the corporate watchdog over claims Prime Minister Malcolm Turnbull is a shareholder and “misstatements” about the company’s profitability. Bitcoin, which counts former St Kilda president and former NewSat director ...
How Payment Giants Are Embracing Bitcoin and Blockchain Tech
October 30th, 2015
MasterCard‘s participation in Digital Currency Group’s undisclosed funding round sent ripples of excitement across the crypto-sphere earlier this week. While this is MasterCard’s first crypto-related investment, the multinational corporation is not the first mainstream finance company to dip its toe in ...
European Court of Justice: Bitcoin is a currency and exchanges are VAT-exempt
October 22nd, 2015
The European Court of Justice (ECJ) has ruled that bitcoin exchange transactions should be exempt from VAT. The ECJ ruling stated that bitcoin transactions “are exempt from VAT under the provision concerning transactions relating to currency, bank notes and ...
Bitcoin exchange Cubits launches instant no-fees crypto donation service for refugees arriving in Germany
October 7th, 2015
German bitcoin exchange and wallet provider Cubits is offering a charitable donation service in Bitcoin, to help deal with the current refugee crisis in Europe – minus credit card transaction fees. Cubits has done tie-ups with four refugee charities ...
Bitcoin flounders in Australia as regulatory worries bite
October 5th, 2015
Australian businesses are turning their backs on bitcoin, as signs grow that the cryptocurrency‘s mainstream appeal is fading. Concerns about bitcoin’s potential crime links mean many businesses have stopped accepting it, a trend accelerated by Australian banks’ move last ...
“Bitcoin’s PayPal” : Why the Cryptocurrency Is Not a Good Payment Mechanism
September 30th, 2015
Leading Bitcoin startup BitPay is cutting costs, suggesting that the currency won’t be catching on soon. In 2014, a Bitcoin startup called BitPay raised $30 million from investors and was dubbed the “PayPal of Bitcoin” for helping companies such as Microsoft ...
Bitcoin Is Officially a Commodity, According to U.S. Regulator
September 18th, 2015
The Commodity Futures Trading Commission makes its mark. Virtual money is officially a commodity, just like crude oil or wheat. So says the Commodity Futures Trading Commission (CFTC), which on Thursday announced it had filed and settled charges against a Bitcoin exchange for ...
