• According to the news I received, Bitcoin will be taxed in Australia. The Spokesperson for the Australian government explains it as such: “A transfer of Bitcoin from one entity to another is a ‘supply’ for GST purposes. Basically, there is a supply/demand and as such it is liable for taxation. The exclusion from the definition of supply for supplies of money does not apply to Bitcoin because Bitcoin is not ‘money’ for the purposes of

    Bitcoin in Australia: TAXED!

    | 2014/12/21 3:00 pm
  • Madeira Beach in Florida became the first municipality in the world to officially use Bitcoin. The city’s resolution to become a “Bitcoin beach” comes ahead of the  St. Petersburg Bitcoin Bowl. This event  is sponsored by BitPay. For those who doesn’t know it already, Bitpay is the world’s leading Bitcoin payment processor. The game is scheduled to take place in neighbouring St. Petersburg on December 26th. The expected turnout will probably draw thousands of Bitcoin users.

    Madeira, Florida to Become First Bitcoin Beach

    | 2014/12/21 8:00 am
  • “Charlie Shrem knowingly facilitated the purchase and use of Bitcoins by others to buy illegal drugs on the Silk Road site. He willfully abdicated his duties as compliance officer of BitInstant, putting illegal profit ahead of legal and ethical responsibility. Now Shrem has been made to answer for his crimes.” – Manhattan U.S. Attorney Preet Bharar Charlie Shrem, former BitInstant CEO and founding member of the Bitcoin Foundation, was sentenced to two years in jail and

    Charlie Shrem Is Jailed For Bitcoin Crimes While HSBC Execs Walk Free

    | 2014/12/21 12:17 am
  • One of the largest technology events each and every year is CES, the Consumer Electronics Show. In 2015, the CES attendees will be treated to “The World of Bitcoin,” the largest and most complete showcase of Bitcoin at any major event to date. No less than ten major Bitcoin brands will be representing this powerful digital currency. The World of Bitcoin will consist of a 2,000 square foot island on the CES showcase floor, with

    The World of Bitcoin Showcase At CES 2015

    | 2014/12/20 9:00 pm
  • CoinJar is getting into the holiday spirit, or as they call it, “the bitcoin-giving spirit.” The personal finance startup is running  the CoinJar Bitcoin Donation Showdown this Christmas season to help raise funds in support of two non-profit organizations. Dubbed ‘Puppies vs. Computers,’ the CoinJar team has created a friendly competition between two of their favorite Australian non-profits, PetRescue and Electronic Frontiers Australia. The two organizations will face off in an attempt see which one can

    CoinJar Bitcoin Donation Showdown Pits Puppies Against Computers

    | 2014/12/20 3:00 pm
  • I recently had a chance to sit down and speak with Pavlo Tanasyuk, the man behind SpaceBIT, the first decentralized space company. SpaceBIT is a very ambitious project being run by an accomplished team. The SpaceBIT team consists of professionals from around the globe, from myriad industries, rather than just Bitcoin professionals. They know and understand that the blockchain is the real innovation and plan on using it and building on top of it. Their

    SpaceBIT Takes Bitcoin Cold Storage To Space

    | 2014/12/20 2:00 pm
  • The Graphic Novel Bitcoin, The Hunt for Satoshi Nakamoto has been launched this Thursday in Madrid. Written by Alex Preukschat and Josep Busquet and illustrated by José Ángel García Ares, the book tries to present and join together the action, facts and fictions of the whole story evolving the disruptive Bitcoin technology, its anarchic cypherpunk culture and its mysterious roots.

    Bitcoin: The Hunt for Satoshi Nakamoto is Finally Released

    | 2014/12/20 8:00 am
  • The open-source, local trader app, Mycelium, that Android users have been able to utilize for months now has finally come over to the bright white side of digital tech by releasing a bitcoin wallet for iPhone, iPad and iPod Touch. There was no grandiose announcement to usher in the App. Dmitry Murashchik, also known across social platforms as Rassah, simply made a Reddit post on the bitcoin subreddit with the title hinting at only a

    Mycelium Bitcoin Wallet Arrives for Apple Products; No Plans to Expand to Other Platforms

    | 2014/12/19 8:00 pm
  • As 2014 comes to a close, people in mainstream media, popular online media, and the Bitcoin community have been ruminating on whether or not 2014 was a success or failure for Bitcoin. Many people outside of the Bitcoin community have focused solely on the Bitcoin price, and have therefore deemed the digital currency as the “worst investment of 2014.” On the other hand, people within the Bitcoin community have cited the expansion of the Bitcoin

    Bitcoin Investment Recap 2014: Mt. Gox’s Long Term Effects

    | 2014/12/19 2:00 pm
  • tibdit is about to launch the world’s first digital bitcoin based micropayment system. This company has designed a new kind of micropayments service based on cryptocurrency technology, specifically designed for online service providers, online content and online shopping in a way that appeals to the general public. The tibdit platform app is designed to allow anonymous micropayments that are rechargeable using card payments in national currencies such as GBP, EUR and USD. A sheer number

    tibdit is About to Launch an Innovative Micropayments Service

    | 2014/12/19 7:00 am
  • Time Inc accepts Bitcoin for subscriptions. This means that consumers can now pay for digital and print subscriptions of Fortune, Health, This Old House and print subscriptions of Travel + Leisure using bitcoin. Big whoop. Why should I care that one of the biggest media companies now accepts a virtual currency? Good question, keep reading. “Why is this important” Time Inc. is responsible for zip-codes…and is one of the biggest media companies in the world.

    Time Inc. Accepts Bitcoin, So What?

    | 2014/12/18 8:36 pm
  • Recently the technology giant Microsoft made bitcoin payments an option for all of their United States customers on everything from tablets and phones to services like Xbox Live. Their plans aren’t just for the basics though. BitPay, the payment processor Microsoft partnered with to begin accepting bitcoins, recently spoke out about Microsoft’s vision into the future. Sonny Singh, BitPay’s chief commercial officer, said the following in an interview with CoinDesk: “Microsoft has a long-term vision

    Microsoft Planning Aggressive Global Implementation; Thinking Long-Term on Bitcoin

    | 2014/12/18 7:00 am
  • Xapo CEO, Wences Casares believes that bitcoin detains the potential to become the new gold Standard; he firmly stated this in a video posted by Bigthink. Casares is an Argentinean entrepreneur with many years of experience with internet technologies and the gaming industry. In all these years of activity he gathered an enormous financial expertise. In a video session led by Bigthink, a Knowledge dedicated forum, he tells us about bitcoin and what it could mean for International ecommerce trading.

    Xapo CEO, Wences Casares Refers to Bitcoin as the New Gold Standard

    | 2014/12/17 8:00 pm
  • BitGive Foundation and LibraTax have partnered to bring users maximum tax savings by enabling charitable donations in bitcoin. The partnership brings a new feature to LibraTax that enables direct donations to BitGive, and suggests donation amounts that will return the greatest tax savings. LibraTax is a software that calculates capital gains and losses on cryptocurrency transactions while abiding to IRS guidelines. The new software leverages the Chain API to analyze transaction history, and after choosing

    Less Taxes and More Bitcoin Donations With the BitGive Foundation and LibraTax

    | 2014/12/17 7:00 am
  • Safello, one of the more popular European Bitcoin exchanges, is expanding their vast array of payment options for UK customers. As the United Kingdom is proving to hold a big customer base for people looking to both buy and sell bitcoin, European exchanges have to adapt to the growing demand. Offering faster payment methods is an important step in the right direction, which will in turn help with bitcoin adoption in the UK. Bitcoin enthusiasts

    Bitcoin Exchange Safello Adds Faster Payments For UK Customers

    | 2014/12/16 8:00 pm
  • What would the impact be if people could donate crypto to charities? First and foremost it will be recognition from the charities part that crypto currency is a real currency. It will also portray the average crypto currency user as a “normal human being” that had the brains, the guts and the will to do something different. So the people’s perception will change toward crypto currency users. This recognition can go both ways. The media

    Charity and Crypto. A good match?

    | 2014/12/16 2:00 pm
  • Recently, a service called the Living Room of Satoshi announced reopening its doors despite the unfair Australian goods and services tax (GST). Bitcoin business are hit hard by the GST ruling, and Living Room of Satoshi announced prior that it was closing shop due to the financial regulation. The service provides Australian residents with a way to pay bills and utilities with bitcoin while utilizing BPAY, a popular universal bill-payment system that nearly every major

    Living Room of Satoshi Says Future of Company is Positive in Australia, But A Little Unclear

    | 2014/12/16 9:00 am
  • Welcome to the news bits, the weekly informing program of Bitcoinist.net. Let’s take a good look at Ziftrcoin, Stellar and Stripe and the gambling news. Interview with Robert Wilkins ZiftrCOIN CEO The Ziftr team has been revolutionizing the shopping experience for both consumers and retailers, since 2008. They come to the conclusion, that a couple of key problems standing in the way of mainstream cryptocurrency adoption. People don’t know how to get coins and they

    News Bits 15.12.14

    | 2014/12/15 4:24 pm
  • The world of cryptocurrencies is in constant development and never ceases to amaze us; now, a new Project is soon to introduce a new feature that has the potential to shake the cryptocurrency development grounds and redefine the way we use our coins. Reversecoin is the World’s first cryptocurrency that allows users to reverse transactions. Reversecoin will give users the chance to reverse transactions within a configurable period of time while granting them full access at any time to their coin by a combination of the best online and offline wallet technology.

    Reversecoin – World’s First Cryptocurrency With Reversible Transactions

    | 2014/12/15 2:00 pm
  • With the holidays coming around, many people are looking to purchase gifts, so some holiday cash is needed. The price slump Bitcoin and most of the cryptocurrency spectrum is experiencing right now should be temporary and was foreseen. History tends to repeat itself, so predicting trends are relatively easy. People always want extra cash around this time, so liquidation of assets is a popular choice. The only thing different this year is that Bitcoin is

    Market Summary: 12/7 – 12/14

    | 2014/12/15 7:00 am
  • An interesting thread was posted at reddit this last Thursday raising an important issue; Bitcoin is becoming more and more mainstream by the day, in many parts by the help of companies like Bitpay, Coinbase or Circle. These companies are trying to facilitate Bitcoin adoption by offering a simpler approach and the easiest way for newbie’s and merchants start using the digital currency but without having a real contact with it. The thread “Can we

    Are Companies Like Coinbase and BitPay Giving the Best Bitcoin Approach to Newbies?

    | 2014/12/14 8:00 pm