Initial Coin Offerings (ICOs) – Weekly Overview
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New study by Massachusetts Division of Banks reveals 18% of consumers "likely" to use bitcoin
BybtxadmIn a new report published by the Massachusetts Division of Banks (MDB) and the Conference of State Bank Supervisors (CSBS), researchers found that 18% consumers in an online survey were either “likely” or “very likely” to use bitcoin or other digital currencies in the near future. The report, 2014 Consumer Survey: Consumer Attitudes on Bitcoin…
Report: Charlie Shrem cutting plea deal in Silk Road case
BybtxadmBloomberg reports that former BitInstant CEO Charlie Shrem is in the process of working out a plea deal with prosecutors for his alleged role in the Silk Road drug network. Shrem was arrested in January for conspiring to launder more than $1 million dollars in drug-related funds through his company. Assistant U.S. Attorney Serrin Turner…
eBay quietly adds virtual currency category
BybtxadmOnline auction giant eBay activated a new “Virtual Currency” section on their site this week. Customers are now able to purchase virtual currencies like bitcoin and various alt-coins through the site, as well as mining hardware and mining contracts. Although functionality remains limited to “classified” status on the direct currency purchases (meaning eBay takes no…
Report: Ex-Mt.Gox staff claim exchange used client money to cover costs
BybtxadmIn a report published by Reuters today, former staffers at failed bitcoin exchange Mt.Gox claim that client funds were used to cover internal costs. In a series of exclusive interviews with reporters, the former staffers claimed that they had voiced concerns to CEO Mark Karpeles in early 2012, but that no changes were made. By…
In the wake of mining centralization worries, PetaMine takes vote on switching to P2Pool system
BybtxadmBitcoin cloud mining company PetaMine controls about 1150 TH/s of hashing power, accounting for just under 1% of the current network hashrate. The company has generally pointed its miners at mega-pool GHash.io, but with that group recently coming under serious criticism for having more than 51% of the total network’s hash rate, PetaMine’s organizers have…
The rush for the killer bitcoin tax-calculation app begins with Libra
BybtxadmWhen the IRS announced last month that bitcoin was to treated as property, rather than as currency, many in the virtual currency community declared it a catastrophe. The panic was understandable, as capital gains taxes can be significantly more complicated to calculate, and often require the assistance of an accountant. But almost as soon as…