IRS Says Bitcoin is Property Not Currency The IRS passed some legislation according to which Bitcoin is a property, not a legal currency in tax system. And Bitcoin is to be taxed. This decision is of great importance indeed.
Mar 26 2014, 3:42am CDT
Mt. Gox files for bankruptcy amid bitcoin loss scandal If you are one of the many that has invested money in bitcoin, the virtual currency, some rough times are ahead. A scandal has broken over the last few months having to do with one of the biggest bitcoin exchanges around called Mt. Gox.
Feb 28 2014, 12:50pm CST
Japan minister calls bitcoin 'collapse' expected TOKYO (AP) — Japan's finance minister scoffed at bitcoin woes as inevitable Friday, and Vietnam banned the virtual currency, but enthusiasm was undimmed among its supporters in the aftermath of the apparent collapse of...
Feb 28 2014, 3:56am CST
Will Bitcoin Survive This Test? Since its inception, Bitcoin has survived several tests. In the beginning, came the user test. The digital currency passed it, as many companies and organizations began to accept Bitcoins as a medium of exchange....
Feb 25 2014, 6:51pm CST
Collapse of exchange spells trouble for bitcoin TOKYO (AP) — The sudden disappearance of one of the largest bitcoin exchanges only adds to the mystery and mistrust surrounding the virtual currency, which was just beginning to gain legitimacy beyond the technology...
Feb 25 2014, 4:41pm CST
Website of Bitcoin exchange Mt. Gox offline TOKYO (AP) — The website of major Bitcoin exchange Mt. Gox is offline amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency. The URL of the Tokyo-based Mt....
Feb 25 2014, 2:11am CST
Bitcoin Basics For Dummies Bitcoin technology was unleashed on the World Wide Web about five years ago, but 2013 marked a time of unprecedented growth for the digital currency. As the price of a bitcoin increased over 6000 percent in 2013, more...
Feb 22 2014, 8:16am CST
For Overstock CEO, Bitcoin Isn't Just A Publicity Stunt To get to Patrick Byrne’s house in Utah, one will drive by snow-covered trailers and the rusted-out trucks from which they’ve been unhitched. Overstock’s CEO does not live in a glamorous neighborhood. So when he opens...
Feb 21 2014, 9:31am CST
Bitcoin Crash Questions Bitcoin Value The recent bitcoin crash has been the third of its kind in the past few months. This has forced people to question the cryptocurrency’s value. Is it going to end like the 90s dot.com bubble?
Feb 11 2014, 2:03am CST
Bitcoin Charity: Its Biggest-Ever Donation Was Stolen Money The head of a Bitcoin charity has admitted accepting a large anonymous donation even though he strongly suspected it was stolen during a raid on a cryptocurrency exchange. Dmitry Murashchik, who goes under the name...
Feb 4 2014, 5:02am CST
This is the Typical Bitcoin Shopper When Overstock began accepting Bitcoins on Jan. 9, it immediately grossed $100,000 in Bitcoin orders, according to its CEO Patrick Byrne. As he told CBS affiliate KUTV in Salt Lake City, “I’ve been hearing from people...
Jan 22 2014, 1:50am CST
Las Vegas Casinos Accept Bitcoins Las Vegas casinos now accepting cybercurrency Bitcoin; will work for rooms, food, not gambling LAS VEGAS (AP) — Las Vegas is getting one more novelty. Starting this week, patrons will be able to use the online currency...
Jan 21 2014, 1:20pm CST
Overstock.com Eyes new Market in Bitcoins Salt Lake City-based Overstock.com first major retailer to accept Bitcoin payments SALT LAKE CITY (AP) — Salt Lake City-based Overstock.com says it's the first major retailer to accept digital Bitcoins as payment for...
Jan 21 2014, 2:48am CST
Who Will Tax Bitcoin And How? Will 2014 be the year we trade in our credit cards and abandon our wallets in favor of virtual currencies? If you follow the recent hype surrounding bitcoin, the trendiest of the new crop of digital currencies, you...
Jan 16 2014, 11:46am CST
Bitcoin Price Soars Above $1,000 for the First Time Bitcoin price soared above $1,000 for the very first time on Wednesday. The digital currency is in a boom now. Yesterday, the price of one Bitcoin hit an all-time high of $1,073 on Mt. Gox.
Nov 28 2013, 5:36am CST
Virgin Galactic accepts Bitcoin Payment Space travel endeavor Virgin Galactic tries hard to be futuristic. Now the company announced to accept Bitcoin as payment for a trip to space.
Nov 23 2013, 2:20am CST
Winklevoss Twins are Big in Bitcoins The Winklevoss Twins are back in the headlines. The pair is well known from their fight with Mark Zuckerberg over the Facebook idea. Now they are big Bitcoin moguls.
Apr 12 2013, 7:00am CDT
I4U News is feeding your Geek Mind. The Geek Mind is concerned with life, in all its different forms and facets.
The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know.
The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year.
The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know.