Archive for the ‘business’ category: Page 252

Dec 28, 2013

Bitcoin miners do not have to register as money transfer services: ruling

Posted by in categories: bitcoin, business, government

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.

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Dec 27, 2013

Will NYC Get Its First Bitcoin ATM in 2014?

Posted by in categories: bitcoin, business

Dec 25, 2013

From eatery to meetup, entrepreneurs increasingly accepting ‘bitcoins’ in India

Posted by in categories: bitcoin, business
By Indu Nandakumar, ET Bureau
BANGALORE: Tarun Thadani, the proprietor of a vintage-themed pizza outlet in the posh Worli area of MumbaiWhile bitcoin gains in popularity in India, entrepreneurs and investors say they are concerned about the RBI’s stance on the digital currency. (AFP), 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.

Continue reading “From eatery to meetup, entrepreneurs increasingly accepting 'bitcoins' in India” »

Dec 23, 2013

Mustang 3D-prints engine… Wait, what?

Posted by in categories: 3D printing, business, transportation
By Staff — Emirates 24|7
“One day, millions of car parts could be printed as quickly as newspapers and as easily as pushing a button on theoffice copy machine, saving months of development time and millions of dollars,” so starts a media statement Emirates 24|7 just received from Ford.
It got us interested, so we continued reading…

Continue reading “Mustang 3D-prints engine… Wait, what?” »

Dec 23, 2013

Singapore Government Decides Not to Interfere With Bitcoin

Posted by in categories: bitcoin, business, economics, geopolitics, government

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.

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Dec 22, 2013

D.C. businesses starting to accept Bitcoin

Posted by in categories: bitcoin, business

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.

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Dec 21, 2013

How Corporate Data Centers Can Mine Bitcoins After Employees Leave For The Day

Posted by in categories: big data, bitcoin, business


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.

Dec 19, 2013 Will Start Taking Bitcoin Next Year

Posted by in categories: bitcoin, business

Online retail outlet will start accepting Bitcoins as early as the end of Q2 2014, according to CEO Patrick Byrne.

They will be the first major online retailer to do so. The news was first reported on newsBTC.

Byrne told us by phone this afternoon that he considers himself a believer in the Austrian economics school, which says fiat currency, like the U.S. dollar, is fundamentally flawed since it is prone to inflation and manipulation. Bitcoin, like gold, is immune to this, since there is a fixed supply.

Philosophically, we support Bitcion,” he said.

Dec 17, 2013

Risk of nanotechnology difficult for insurers to assess: Ernst & Young

Posted by in categories: business, economics, existential risks, nanotechnology

Ernst & Young LLP is predicting a rise in demand for certain types of insurance, such as cyber and nanotechnology.

The consulting firm announced Tuesday the release of the EY 2014 US Property-Casualty Insurance Outlook, which recommends that P&C carriers “invest in innovation of product development processes and delivery to meet rising demand for protection.”

For example, according to the report, a lack of “any meaningful history” with nanotechnology indicates that potential risks are not easy to assess.

“The emerging applications of nanotechnology in the manufacture or use of medicine, cosmetics, drug delivery, robotics, materials science and other products and systems create potential liability exposures,” EY noted. “Examples include bodily injury (analogous to asbestos exposure) and environmental damage from nanoparticles escaping uncontrolled into the air or water supply.”

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Dec 17, 2013

You Can Now Rent NYC Apartments Using Bitcoin

Posted by in categories: bitcoin, business, economics, finance, human trajectories

by Jeremiah Budin

Bitcoin is a somewhat mysterious, fairly confusing type of digital currency that, until recently, you could use to buy large amount of drugs on the internet. But now you can use Bitcoin for something (arguably) even better than drugs: New York City real estate. A tipster recently sent along a listing for a $2,580/month one-bedroom sublet in 99 John Deco Lofts, accepting Bitcoin, which hit the market last month. And today, online apartment search marketplace RentHop announced in a press release that it will be accepting Bitcoin from people advertising NYC apartments on its site.

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