money

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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Mt. Gox puts temporary stop on USD withdrawals for system overhaul

Mt. Gox puts temporary stop on USD withdrawals for system overhaul

Mt. Gox is a popular Bitcoin exchange firm that deals with Bitcoin-related transactions, whether it is transferring a physical denomination to exchange into the virtual currency, or exchanging the virtual currency for actual cash. Because of the traffic it receives, the company has been having increasing trouble keeping up with USD withdrawal requests, prompting it to stop accepting them for two weeks.

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Microsoft Points to be switched to real currency of at least equal value

Microsoft Points to be switched to real currency of at least equal value

Microsoft Points are something most people either hate or are indifferent to, with not many people viewing the virtual currency favorably enough to champion it as something that should stick around. As such, we've heard rumors for quite a while now that Microsoft planned to ditch the system, replacing it with real currency, but Points continued to live on. When the Xbox One was revealed, things changed, and now we're hearing that Points will be converted to local currency at least equal to Marketplace value.

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