TagBitcoin Business

UNstoppables Club accepts Bitcoin in the Antarctic

Julio De Laffitte founded the UNstoppables club and accepts Bitcoin in Antarctic

Accepting Bitcoin seems a popular thing nowadays. While governments are busy trying to discourage people of interpreting the virtual money as a real currency, many retailers are doing the opposite by accepting Bitcoin as a valid method of payment. It seems the cryptocurrency has even made it to Antarctic now. Networking around the Antarctic Peninsula Meet 'The UNstoppables Club'. A gathering of...

How the IRS Guidelines on Bitcoin may affect the Crypto-Community

White House Petition to AMEND IRS NOTICE 2014-2 Taxing virtual currency/Bitcoin

The recent IRS Tax Guidelines on Bitcoin has everyone in a stir. If you haven't read about it, go ahead a read it now. The full release is here. Essentially, the Inland Revenue Service will be treating Bitcoin as property for tax purposes. What this means is that you will have to pay retroactive taxes on its gains from the original price you bought it. The capital gains tax, for those who do not...

BTX Trader Snapped Up by NASDAQ listed Company -- WPCS International -- Stock Message Boards Shouting SCAM!

When WPCS International Incorporated (NASDAQ:WPSC) snapped up bitcoin platform developer BTX Trader last week  there was cheering in cyberspace.  After all, bitcoin had just made it to the big time and BTX Trader is now an indirectly listed NASDAQ company.  But should we be cheering? The news was certainly good for WPCS shareholders; its stock jumped up quickly. Interim CEO,  Sebastian Giordano...

Bitcoin Free From Government Interference in Singapore

Good news from the Monetary Authority of Singapore (MAS), the country's largest central bank has chosen to not interfere with businesses who accept Bitcoin for goods and services. Though small in size, Singapore is one of the world's financial hotspots, mainly due to low taxes and relaxed private banking policies.  Singapore also has the highest population of millionaires. Nearly 1 in six...

Hong Kong business students says bitcoin is too risky: "Better to gamble in Macau"

After the "horrendous" Bitcoin crash (that bounced right back up) some junior investors that joined a trading competition in Hong Kong says that Bitcoin is too risky and that investors should not include Bitcoin in their portfolio. The students themselves will not invest in Bitcoin because of the uncertainties regarding its future. And we agree that the future to Bitcoin is uncertain and that a...

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