money

DoJ, SEC, the Fed to Senate Homeland Security: Bitcoin is legitimate

DoJ, SEC, the Fed to Senate Homeland Security: Bitcoin is legitimate

As Bitcoin settles in for another spasmodic leap in the ticker graphs, key agencies in the United States government are telling elected officials that Bitcoin is a legitimate financial instrument. Officials from the Department of Justice, the Securities and Exchange Commission, the Federal Reserve and other experts released letters ahead of a Senate Homeland Security Committee hearing to say Bitcoin "has great potential benefits" as well as risks, just as with any other financial instrument. This signals a widening public acceptance of the digital currency.

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Coin digital credit card aims for cross-breed payment simplification

Coin digital credit card aims for cross-breed payment simplification

Today the device known as Coin has come to light, fully prepared to take the place of all of the credit cards, gift cards, membership cards, and whatever other kind of cards you've got in your wallet or purse consist of. What you're working with here is a single (black, for the time being) card with a digital screen that connects to your smartphone and tells the scanner what data you'd like to share. This card can be whatever you need it to be.

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Bitcoin on fire as proponents prognosticate stratospheric rise

Bitcoin on fire as proponents prognosticate stratospheric rise

As of this moment, Bitcoin's exchange rate is hovering a few dollars under $400, according to the Mt.Gox ticker. It's about $45 more than it was 24 hours ago, $75 more than the day before, and $120 more than the day before that. All told, Bitcoin has netted about $180 in the past week. To give you an idea of what this looks like, the steady green line of candlesticks in the charts below signify highs and lows for the past week; the erratic blue line represents trading volume.

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Bitcoin cash turns over a fortune due to forgetfulness

Bitcoin cash turns over a fortune due to forgetfulness

Kristoffer Koch of Norway spent $27 on 5,000 Bitcoins in 2009 as research for a paper he was writing about data encryption. He turned in the paper and promptly forgot about the purchase. Four years later, Koch noticed Bitcoin making headlines as it peaked at $266 per Bitcoin. He logged in to his Bitcoin wallet and his life changed in an instant. His small, academically motivated purchase was now worth $886,000, for a beautiful 3.28 million percent return on investment.

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Apple-used Irish tax shelter about to close profit loophole

Apple-used Irish tax shelter about to close profit loophole

A collection of firms - including Apple - have until this announcement from the Irish government been able to push profits through Irish subsidies from overseas to avoid paying taxes on said profits. An announcement this week from Ireland suggests that Irelands Finance Minister Michael Noon is not about to let this continue. The "ghost companies" and subsidiaries existing in Ireland with no declared tax residency anywhere in the world are about to be axed.

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Diablo III Auction Houses shuttering doors entirely

Diablo III Auction Houses shuttering doors entirely

This week the folks behind Diablo III's development and upkeep have announced that they'll be cutting their ill-fated auction house from the equation entirely. As Blizzard suggests, both the Gold and the Real Money auction houses will be cut from the game from top to bottom in the month of March, 2014, after a rather rocky road from the launch of the point we're at now where it's been decided that this mechanic eats away at the core of the game. This move will be pushed alongside the "Loot 2.0" system appearing with the Reaper of Souls expansion of the game.

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Bitcoin scores Bloomberg ticker following US court ruling

Bitcoin scores Bloomberg ticker following US court ruling

On Wednesday, a federal judge ruled that Bitcoin is a currency and is subject to regulation in the US following charges filed against an alleged scammer by the SEC. As of today (though not related), there is now a Bitcoin ticker on the Bloomberg terminal. For now the ticker is only available internally to workers, but such a reality gives the global virtual currency a kind of legitimacy on the public level it hasn't before had.

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Bitcoin ruled to be a currency by federal judge, is subject to regulation

Bitcoin ruled to be a currency by federal judge, is subject to regulation

Depending on whom you are speaking to, Bitcoin is either one of the most promising money-related ventures in modern times, it's a fad prone to fizzle away, or it is a threat to all. Regardless of which side you fall on, one thing is now certain: bitcoins are a currency, and they're subject to regulation in the United States. Such was the ruling of a federal judge today.

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Credit card skimmers now more sophisticated than ever

Credit card skimmers now more sophisticated than ever

Credit and debit card skimmers are nothing new -- they've been around for quite a while, but they're getting better and better, to the point where it takes a few months until someone figures out that a skimmer was implanted on an ATM or gas pump. Today's skimmers are more sophisticated than ever, and the attention to detail that hackers provide is pretty impressive.

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Lamassu Bitcoin ATM incoming despite regulatory road bumps

Lamassu Bitcoin ATM incoming despite regulatory road bumps

A Bitcoin ATM capable of gobbling up currency from over 200 countries and converting it instantly to the virtual currency is expected to hit the public this quarter, potentially shifting Bitcoins themselves into the mainstream. The machine, made by Lamassu, can switch physical to digital cash in fifteen seconds, the manufacturer claims, simply scanning in a QR code linked to a Bitcoin account and then sucking in a bill to add to it.

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