Search Results for: bitcoin transactions
Expedia to accept Bitcoin payments for hotel bookings
June 12th, 2014
One of the world’s largest online travel agencies, Expedia, has become the latest company to accept Bitcoin transactions as a form of payment. The firm will initially accept the virtual currency for hotel bookings only, and is currently restricting ...
Tel Aviv acquires the first Bitcoin ATM in Middle East
June 11th, 2014
The first Bitcoin ATM will be launched in the Middle East and more precisely in Tel Aviv . Bitcoin is a peer-to-peer virtual currency that allows for transactions between users without any third party or middle man. The “cash-out ...
SEC Charges Bitcoin Entrepreneur With Offering Unregistered Securities
June 4th, 2014
The U.S. Securities and Exchange Commission has charged the co-owner of two Bitcoin-related websites for publicly offering shares in the two ventures without registering them. An SEC investigation found that Erik T. Voorhees published prospectuses on the Internet and ...
Bitcoin’s Futile Quest to Be a Currency
June 2nd, 2014
Bitcoin is a fascinating and ingenious technology, but most promoters are mindful of neither the monetary nor the tax issues. For all practical purposes IRS regulations issued in March preclude bitcoins from being used as an alternative currency. The ...
Bitcoin: guide for tax purposes
May 19th, 2014
Interest in Bitcoin has shot up since the virtual currency’s inception in 2009, and many a contractor is considering how it could play a part in their business, writes James Poyser, co-founder of online contractor accountancy firm inniAccounts. While ...
Bitcoin consumer platform debuts at Circle
May 16th, 2014
Starting Friday at 5:30 a.m. ET, Bitcoin start-up Circle is launching a Web platform that will allow consumers to purchase Bitcoin in any amount they choose and then use that Bitcoin to spend on online shopping, at restaurants and ...
Bitcoin’s Intergration to PayPal is under consideration
May 15th, 2014
John Donahoe, CEO of ecommerce giant eBay, said he is actively considering an integration of popular digital currency bitcoin with the company’s payment processing service PayPal. In a Q&A session at the company’s annual shareholder meeting on 13 May, ...
IRS Says Bitcoin Counts as Property for Tax Purposes
March 26th, 2014
The Internal Revenue Service issued a notice saying that Bitcoin and other virtual currencies should be treated as property for federal tax purposes and the general rules for property transactions should apply. The notice provides answers to frequently asked ...
Mt.Gox finds 200,000 bitcoins in old wallet
March 21st, 2014
Embattled exchange Mt.Gox said Friday that it has found 200,000 bitcoins in a “forgotten” digital wallet — a haul worth $116 million at current prices. Mt.Gox CEO Mark Karpeles said in a statement that the bitcoins had been uncovered ...
6 Big Things You Need to Know About Bitcoin This Week
March 17th, 2014
Mt. Gox is history. Flexcoin flatlined, too. Hackers are stealing Bitcoin like crazy. Yup, Bitcoin is looking shadier by the minute. So much so that a Silicon Valley startup wants to bury it underground Fort Knox-style. The controversial cryptocurrency ...
