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Bitcoin ATM unveiled on Capitol Hill

Date:
April 8, 2014
Source:
Reuters - Business Video Online / Powered by NewsLook.com
Summary:
Robocoin shows how to use Bitcoin ATM to members of Congress, but U.S. Attorney General Holder warns against "those seeking to conceal illegal activity." Deborah Lutterbeck reports. Video provided by Reuters


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last updated on 2014-11-28 at 5:56 pm EST

Bitcoin Plummets as MtGox Continues to Halt Withdrawals

Bitcoin Plummets as MtGox Continues to Halt Withdrawals

TheStreet (Feb. 10, 2014) — The price of bitcoin continues to fall on Monday after Tokyo-based bitcoin exchange MtGox said the virtual currency contains a bug that allows for fraud. MtGox said the bug causes problems when customers try to make transactions to a third party. The exchange said the bug makes it appear that the transfer did not go through, which can prompt multiple transfers unintentionally on behalf of the sender. The exchange halted bitcoin withdrawals over the weekend and said on Monday that withdrawals would not be allowed to resume until the issue has been properly addressed. Video provided by TheStreet
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IRS Rules Bitcoin Is Property and Subject to Capital Gains Tax

IRS Rules Bitcoin Is Property and Subject to Capital Gains Tax

TheStreet (Mar. 28, 2014) — The Internal Revenue Service has determined that bitcoin will be treated as property, not currency. In its first big ruling on the virtual currency on Tuesday, the IRS said that bitcoin does not have "legal tender status." As a result of bitcoin being regarded as property, it can be treated as capital assets, governed by the same rules as stocks and bonds. In addition, the IRS said that people who receive wages in bitcoins would also be subject to federal income and payroll taxes. Video provided by TheStreet
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California Man Denies Creating Bitcoin

California Man Denies Creating Bitcoin

AP (Mar. 7, 2014) — A California man named Dorian Prentice Satoshi Nakamoto denies having anything to do with Bitcoin. He rejected Newsweek's 4,500-word cover story that claims he is Bitcoin's creator in an exclusive interview with AP. (March 7) Video provided by AP
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Bitcoin Companies Invade SXSW to Win Over Currency Fans

Bitcoin Companies Invade SXSW to Win Over Currency Fans

TheStreet (Mar. 11, 2014) — SXSW saw its fair share of Bitcoin companies trying to win over fans, but they all seem to gloss over any security concerns. Each company explained the lengths it went to in order to keep their crypto-currency secure and attributed security problems to growing pains. Some businesses are willing to accept Bitcoins at SXSW. Many people in these businesses want to use Bitcoin as a trading vehicle, not just as a currency. Video provided by TheStreet
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