Archive for the ‘business’ category: Page 302
Dec 28, 2013
Bitcoin miners do not have to register as money transfer services: ruling
Posted by Seb 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.
Dec 27, 2013
Will NYC Get Its First Bitcoin ATM in 2014?
Posted by Seb in categories: bitcoin, business
Dec 25, 2013
From eatery to meetup, entrepreneurs increasingly accepting ‘bitcoins’ in India
Posted by Seb in categories: bitcoin, business
![While bitcoin gains in popularity in India, entrepreneurs and investors say they are concerned about the RBI’s stance on the digital currency. (AFP) While bitcoin gains in popularity in India, entrepreneurs and investors say they are concerned about the RBI’s stance on the digital currency. (AFP)](https://lifeboat.com/blog.images/from-eatery-to-meetup-entrepreneurs-increasingly-accepting-bitcoins-in-india.jpg)
Continue reading “From eatery to meetup, entrepreneurs increasingly accepting 'bitcoins' in India” »
Dec 23, 2013
Mustang 3D-prints engine… Wait, what?
Posted by Seb in categories: 3D printing, business, transportation
![](https://lifeboat.com/blog.images/mustang-3d-prints-engine-wait-what.jpg)
Dec 23, 2013
Singapore Government Decides Not to Interfere With Bitcoin
Posted by Seb in categories: bitcoin, business, economics, geopolitics, government
Terence Lee 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.
Dec 22, 2013
D.C. businesses starting to accept Bitcoin
Posted by Seb in categories: bitcoin, business
By Mohana Ravindranath — 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.
Dec 21, 2013
How Corporate Data Centers Can Mine Bitcoins After Employees Leave For The Day
Posted by Seb in categories: big data, bitcoin, business
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.
Dec 19, 2013
Overstock.com Will Start Taking Bitcoin Next Year
Posted by Seb in categories: bitcoin, business
Online retail outlet Overstock.com 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 Seb 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.”