money

IRS Bitcoin ruling: it’s property, not currency

IRS Bitcoin ruling: it’s property, not currency

Among the issues surrounding Bitcoin, the question of how it should be handled when it comes to taxes has been oft-asked with no answer in sight. That ends today, with the IRS passing an important ruling that -- for the purposes of taxation -- labels the cryptocurrency as property, not a currency.

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Amazon settlement credits arrive in Kindle accounts today

Amazon settlement credits arrive in Kindle accounts today

After a long wait, the anticipated Amazon refund for certain Kindle customers is arriving in applicable accounts today in the form of an automatic credit. Not everyone will be seeing a credit, with it applying only to those who bought digital books from select publishers between April 1, 2010 and May 21, 2012.

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UK bill to charge 20% VAT for digital purchases

UK bill to charge 20% VAT for digital purchases

Online retailers and digital content providers might soon be facing some rather heavy taxes if Goerge Osborne gets his way. Under a new law that will cover intra-EU business to consumer (B2C) taxation, such services will be taxed based on buyer's location, which in the UK means a 20 percent VAT.

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Diablo 3 gold and real-money auction houses end-date: tomorrow

Diablo 3 gold and real-money auction houses end-date: tomorrow

It’s time to be done with the longest-lasting experiment in real-cash trade for Diablo items in the history of the Diablo gamin franchise. It will be Tuesday, March 18th when the gold and real-money auction houses are taken down entirely, while the rest of the auction house ecosystem will remain in play. Until June 24th, players will be able to access their "completed" tabs - but we wouldn’t risk it.

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Pandora scores ASCAP rate victory in ruling

Pandora scores ASCAP rate victory in ruling

Pandora and the music industry have long been engaged in a spat over what kind of rates the Internet radio service should be paying out. In a recent ruling, Judge Cote ordered Pandora to pay ASCAP, a performance rights organization, 1.85-percent of its annual revenue, something that has the industry up in arms.

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Mt. Gox hackers post Bitcoin balances on CEO’s own blog

Mt. Gox hackers post Bitcoin balances on CEO’s own blog

Given how much Bitcoin exchange Mt. Gox has lost, both in terms of money and trust, it was only a matter of time before hackers struck back. Now such a group of enraged victims have hijacked Mt. Gox CEO Mark Karpeles' own blog to reveal just how much the company really lost.

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Bitcoin’s alleged founder denies claim [UPDATE]

Bitcoin’s alleged founder denies claim [UPDATE]

Earlier today, a Newsweek report claimed to have unmasked the creator of bitcoin, drawing both interest and criticism for what some feel is an excessive invasion of privacy and questionable ethics. Following this, Satoshi Nakamoto had denied claims that he is behind the world's most popular cryptocurrency.

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Bitcoin creator unmasked in controversial report

Bitcoin creator unmasked in controversial report

The creator of Bitcoin has allegedly been found, with a controversial investigative report hunting down the man believed to be Satoshi Nakamoto at his home in California. Nakamoto, the elusive creator of the virtual currency that has made headlines, frustrated investors, prompted government investigations, and threatened to revolutionize the finance markets, has historically tried to distance himself from his work, but has been tracked down with the help of model trains.

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SeaOrbiter hits crowdfunding goal

SeaOrbiter hits crowdfunding goal

Recall the SeaOrbiter we detailed back in November? It has hit its crowdfunding goal of about $444,700 USD, and as such is destined to set sail for ocean parts unknown. With the vessel, voids and deficits in oceanic research will be filled, and researchers will have an awesome aquatic research center through which to study.

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Bitcoin ban sought over economy concerns

Bitcoin ban sought over economy concerns

The future of Bitcoin has become uncertain in recent times, with Mt. Gox finding itself the source of controversy in recent days and its closure spawning the mass-sale of the digital currency, leaving many spooked and possibly leery over future involvement with the unregulated and oft-stolen funds. Following this hoopla, D-W.Va. Senator Joe Manchin has moved forward with a call to have the cryptocurrency banned.

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Mt. Gox CEO verifies leaked “Crisis Strategy Draft” contents

Mt. Gox CEO verifies leaked “Crisis Strategy Draft” contents

The drama surrounding Bitcoin exchange Mt. Gox continues as its CEO is reported to have confirmed the veracity of the Crisis Strategy Draft document leaked yesterday. The once popular exchange is now knee-deep in controversy and there is no sign of things letting up anytime soon.

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Bitcoin exchange Mt.Gox gives vague statement on currency woes

Bitcoin exchange Mt.Gox gives vague statement on currency woes

Bitcoin exchange Mt.Gox has commented on its sudden and unexpected outage, though the terse statement is unlikely to reassure those who had still hoped to withdraw their virtual money. Blaming "recent news reports" for creating uncertainty on both its own operations and the bitcoin market as a whole, Mt.Gox says it has no option but to freeze all transactions.

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