Category: bitcoin – Page 82
Will Conley — Slash Gear
Bitcoin miner Milly Bitcoin has done a little citizen letter-writing, and the results should make virtual currency miners breathe a sigh of relief. Milly Bitcoin’s mining company Atlantic City Bitcoin last June wrote to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) requesting an official administrative ruling on whether ACB must register as a money transfer service. FinCEN has now replied, and the answer is no.
ACB requested the ruling because there has been much confusion as to whether mining — and spending the proceeds — constituted a money transfer service. This may seem a ridiculous question to virtual currency aficionados, but the confusion arose because some businesses dealing in virtual currencies do indeed operate as money transfer services. Mining and spending virtual currency, however, is not a transfer service. Such was the ruling by FinCEN.
Bitcoin paradise
Posted in bitcoin, economics, geopolitics, government, human trajectories
by J.M.P. — The Economist
A GROUP of self-described anarchists, libertarians and Ron Paul supporters fleeing the crumbling world economic system have founded Galt’s Gulch, a community in Chile inspired by Ayn Rand’s “Atlas Shrugged”—and with an economy based entirely on Bitcoin. Or that’s the goal, anyway.
“Our farm workers and suppliers still want to get paid in pesos,” Ken Johnson, the project’s founder and managing partner, explains. “But Bitcoin as the John Galt coin? Why shouldn’t it be?”
If the world economic system “goes sideways,” as Mr Johnson puts it, residents will retreat to their self-sufficient gated community, where they will enjoy a shooting range, equestrian facilities, and spa and fitness center. The 6,874-hectare site (pictured) also includes a 100-hectare farm, although it is not clear who will pick the lettuce when the world ends.
By Indu Nandakumar, ET Bureau
BANGALORE: Tarun Thadani, the proprietor of a vintage-themed pizza outlet in the posh Worli area of Mumbai
, thinks he is making history. On Saturday, his restaurant Kolonial announced that its patrons can pay in bitcoins instead of rupees, thus laying claim to the title of being India’s first eatery to accept the new-age currency. “Right now, people are a bit sceptical about bitcoins, but it’s going to become big. I am testing the waters,” said Thadani, 30, who is a bitcoin owner and a host to several bitcoin meetups at Kolonial.
, thinks he is making history. On Saturday, his restaurant Kolonial announced that its patrons can pay in bitcoins instead of rupees, thus laying claim to the title of being India’s first eatery to accept the new-age currency. “Right now, people are a bit sceptical about bitcoins, but it’s going to become big. I am testing the waters,” said Thadani, 30, who is a bitcoin owner and a host to several bitcoin meetups at Kolonial.The only other business establishment in India which accepts bitcoins is Mumbai’s Castle Blue spa and salon. In Bangalore, the technology startup accelerator Microsoft Ventures Accelerator is doing its bit for bitcoin by lending its office space to host the country’s first Bitcoin meetup of 2014 in India’s tech capital.
BANGALORE: Tarun Thadani, the proprietor of a vintage-themed pizza outlet in the posh Worli area of Mumbai, thinks he is making history. On Saturday, his restaurant Kolonial announced that its patrons can pay in bitcoins instead of rupees, thus laying claim to the title of being India’s first eatery to accept the new-age currency. “Right now, people are a bit sceptical about bitcoins, but it’s going to become big. I am testing the waters,” said Thadani, 30, who is a bitcoin owner and a host to ..
BANGALORE: Tarun Thadani, the proprietor of a vintage-themed pizza outlet in the posh Worli area of Mumbai, thinks he is making history. On Saturday, his restaurant Kolonial announced that its patrons can pay in bitcoins instead of rupees, thus laying claim to the title of being India’s first eatery to accept the new-age currency. “Right now, people are a bit sceptical about bitcoins, but it’s going to become big. I am testing the waters,” said Thadani, 30, who is a bitcoin owner and a host to ..
By Lance Dixon [email protected]
The U.S. Senate has deemed it legitimate. Detractors dismiss it as unstable and a vehicle for criminal trade. China has banned new deposits on its largest exchange.
Bitcoin, the international digital payment system and currency and one of the hottest technology and finance topics this past year, could become a widespread vehicle for trade, believe the leaders of a Miami group. To further that view, Miami International Bitcoin will be partcipating in the North American Bitcoin Conference slated for Miami Beach in January.
“The thing that’s really exciting about Bitcoin is that, here in South Florida, we have a half billion people to the south of us who do not have access to a banking system that works well, capital markets, credit — things that we take for granted,” said Charles Evans, business professor at Florida Atlantic University and one of the founders of Miami International Bitcoin.
for Tech in Asia
The Monetary Authority of Singapore (MAS), the country’s central bank, has decided not to intervene on whether businesses can accept Bitcoin as a means of transacting goods and services.
“Whether or not businesses accept bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene,” it told Singapore-based Bitcoin trading platform Coin Republic in an email.
By — The Washington Post
In May, brothers Guiseppe and Mario Lanzone started a Peruvian food business in Washington, hoping to cash in on the District’s enchantment with food trucks.
Today, the two are betting on another trend: a virtual currency called Bitcoin. The Lanzones decided a few weeks ago they would be accepting Bitcoin, announcing the change in a tweet to their 800 followers.
By Julie Bort — Business Insider
Here’s an interesting idea: Maybe your company could be raising extra money by using its data center to mine for bitcoins at night.
The thought was half seriously suggested by Jason Langone, director of Federal Sales at a hot Valley startup called Nutanix. He wrote a blog post that explains how it could be done.
When Newport Beach City Council candidate Michael Glenn thinks of freedom, that includes the freedom to choose how to donate — be it with dollar, peso or bitcoin.
When Newport Beach City Council candidate Michael Glenn thinks of freedom, that includes the freedom to choose how to donate — be it with dollar, peso or Glenn claims to be the first local politician to accept campaign donations in the esoteric digital currency. He is running against businesswoman Diane Dixon and Harbor Commissioner Joe Stapleton for the Balboa Peninsula’s 1st District council seat.
Glenn’s announcement comes just weeks after customers used bitcoins to pay for a Tesla, and then a Lamborghini, from a Costa Mesa dealership.