A new startup company in Africa is hoping to stop property fraud with the use of the blockchain technology in emerging markets. Based in Ghana, BenBen is a digital land registry that allows users to quickly search for land information and perform property transactions. By integrating with BenBen, governments can make their land information quickly searchable for people where they can digitally...
Benjamin Franklin once said that in life, nothing was certain save for death and taxes. That certainty has now extended to Bitcoin. In another sign of Bitcoin’s growing use, the US Internal Revenue Service has pronounced itself on how it is going to proceed vis-à-vis Bitcoin. IRS to Treat Virtual Currency as Property In a detailed notice posted on its website, the IRS said that it is aware that...
Are you looking to buy a house with beautiful views? What if you were told that such a house is available and that the prime minister would be your next door neighbor? Well, there is property available in the exclusive area of historic Caesarea in Israel. The owner is accepting only bitcoin for his seaside villa and it doesn't look like it will all be dumped if/when received. The property is...
In a recent IRS News Release, America's Internal Revenue Service reveals their Virtual Currency Guidance. While Bitcoiners are busy watching the Coinsummit livestream, the IRS Virtual Currency Guidance that was promised many months ago has been leaked. The most noteworthy points are right in the title: Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; General Rules for...