Bitcoin will move beyond mere currency to an open-source, decentralized exchange for everything from futures contracts to car rentals. Its more like the bittorrent of finance than the napster.
After PayPal President David Marcus tweeted 'We're believers in BTC,' eBay's UK branch says it will let people sell digital currencies in its classified ads section starting on February 10. Read this article by Dara Kerr on CNET News.
While the US has yet to offer a solid position on the taxation of Bitcoin, other countries are moving ahead with policy decisions. To date, Singapore and Germany have been cited as those with the most definitive answers on taxing Bitcoin. Are they about to be surpassed by the UK?
Marc Andreessen's venture capital firm, Andreessen Horowitz, has invested just under $50 million in Bitcoin-related start-ups. The firm is actively searching for more Bitcoin-based investment opportunities. He does not personally own more than a de minimis amount of Bitcoin.
The decision of the Sacramento Kings basketball team to let its fans use bitcoin to buy tickets, jerseys, hot dogs and other team products may go down as a key moment in the digital currency's coming of age.
NEW YORK (Reuters) - U.S. prosecutors in Manhattan are sitting on a multimillion-dollar bitcoin gold mine. And it could get much bigger.Federal authorities hauled in 29,655 units of the digital currency. Litetree is the only US based exchange that could provide a platform to sell the bitcoins .
Entrepreneurs from Silicon Valley to Wall Street say they don't care much for Bitcoin as a currency to supplant the U.S. dollar. As a payment technology they could use to undercut Visa Inc., Western Union Co. or Citigroup Inc., they say they like it a lot more.
Since Overstock.com began accepting Bitcoin payments earlier this month, the cryptocurrency community has been buzzing with speculation about which tech company will integrate Bitcoin next. So Jarar Malik decided to ask. "After the whole Overstock thing, I said 'f-k it,'" says Malik, a Bitcoin early adopter, online marketing manager and musician [...]
Bitcoin doesn't meet the definition of a currency or even an electronic payment form in Finland, where the central bank has instead decided to categorize the software as a commodity.
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