National Australia Bank shuts its doors to all clients connected to Bitcoin

The National Australia Bank (NAB), once the country’s most cryptocurrency-friendly institution, has decided to drop all Bitcoin support. According to the bank, all customers dealing with the digital coin will see their accounts close during the next month. The news was announced by an Australian trader connected to the platform LocalBitcoins.com, who revealed he got a…

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Money as a Competitive Good

Bitcoin has re-introduced the idea of money as a competitive good. It has done so in a meaningful way. This idea has been conspicuously missing from the economic debate for too long. I, for one, am pleased to welcome it back. We’ve always had competitive ‘private’ monies, centrally managed and lacking global reach. A current…

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Who Owns All the Bitcoins? [infographic]

With millions of Bitcoins spread across the world, it’s getting harder to track the whereabouts of every digital coin. That is why infographics like these exist! Just like in the fiat universe, the world of Bitcoin is also defined by inequalities, according to some. Others talk about a free market and Bitcoiners that can celebrate their…

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BitGo Launches Multi-Signature Bitcoin Security Solutions for the Enterprise

New Suite of Services Enables Safe, Easy Commercial Bitcoin Transactions BitGo, a leader in Bitcoin multi-signature security, today announced BitGo Enterprise™, a new suite of services for businesses and financial institutions operating in digital currency. With features such as spending and velocity limits, user management, and 24×7 monitoring, BitGo’s new offering allows businesses of any…

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Inside Bitcoins NYC Kicks Off with 2000 Attendees and Circle’s Jeremy Allaire

“I believe there are multiple billion dollar companies that are going to be built in Bitcoin” — Jeremy Allaire, Circle CEO The Inside Bitcoins conference and expo in New York City kicked off this morning. Mediabistro Chairman Alan Meckler opened the show with remarks about the growth in professional interest for Bitcoin. Over 2,000 attendees…

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Weekly Round Up: Neo&Bee’s alleged fraud, Bulgaria’s tax on Bitcoin and new ATMs in New Zealand and Canada

Time for the latest weekly round up at Bitcoin Examiner! British Bitcoin exchange Bit121 announces “hibernation” period Although half the world is currently welcoming spring, the UK-based exchange Bit121 decided this was the best time to get some sleep. The Bitcoin platform has announced it is suspending all trading operations and temporarily closing down. The decision is not…

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Cyprian police investigates Neo & Bee: CEO Danny Brewster is still missing

At least two clients have already filed complaints with the police in Cyprus against the Bitcoin company Neo & Bee. The local authorities are currently investigating the alleged fraud, while the company’s CEO Danny Brewster is still missing.  The complaints were filed earlier this week, according to an article published by the Cyprus Mail, which also…

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Bulgaria’s National Revenue Agency announces tax on Bitcoin

The Bulgarian National Revenue Agency released a new tax guidance on Bitcoin. According to the document, entitled ”Revenue from Bitcoin Transactions to be Declared and Taxed”, a standard capital gains tax will be applicable to all income connected to cryptocurrency.  This means that all Bitcoin-related income will be taxed just like income from the sale of financial assets. Personal…

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