BitCoin Update



Bitcoin exchange reaches deal with Barclays for UK transactions

Bitcoin exchange reaches deal with Barclays for UK transactions

LONDON (Reuters) - One of the biggest bitcoin exchanges has struck a rare deal which will allow it to open a bank account with Britain’s Barclays (BARC.L), making it easier for UK customers of the exchange to buy and sell cryptocurrencies, the UK boss of the exchange said on Wednesday.
Google to Ban ICO and Crypto Ads Starting In June

Google to Ban ICO and Crypto Ads Starting In June

Search giant Google has said it will change its financial product policy in June this year, a move that will see advertisements related to cryptocurrency effectively banned. In a blog post published Tuesday, the firm indicated that it will change its existing financial product restriction list in June this year, blacklisting ad content "including but not limited to initial coin offerings (ICO), ....
Investors bullish on bitcoin now that the 'Tokyo Whale' has stopped selling

Investors bullish on bitcoin now that the 'Tokyo Whale' has stopped selling

News that an influential bitcoin holder is taking a break from selling has added to a bullish case for the digital currency. A trustee of defunct Tokyo bitcoin exchange Mt. Gox sold more than 35,000 bitcoin, worth about $400 million at the time, to pay off creditors, according to details of the sale published by a company trustee last week.
John Oliver and Keegan-Michael Key Remind Investors to Be Careful with Bitcoin

John Oliver and Keegan-Michael Key Remind Investors to Be Careful with Bitcoin

Despite the fact that “discussions of new technology tend to age badly,” John Oliver focused Sunday night’s episode of Last Week Tonight discussing just that. “Technology, the thing that will make television so high def that I will no longer be allowed to appear on it,” he said.
Virtual currencies are commodities, US judge rules

Virtual currencies are commodities, US judge rules

Virtual currencies like bitcoin can be regulated as commodities by the U.S. Commodity Futures Trading Commission, a federal judge ruled Tuesday. U.S. District Judge Jack Weinstein in Brooklyn ruled that the CFTC had standing to bring a fraud lawsuit against New York resident Patrick McDonnell and his company Coin Drop Markets, allowing the case to go forward.
'Big Bitcoin Heist'—Iceland Cryptocurrency Thefts Lead to 11 Arrests

'Big Bitcoin Heist'—Iceland Cryptocurrency Thefts Lead to 11 Arrests

Eleven people, including a security guard, were arrested in Iceland in connection with the theft of almost $2 million worth of cryptocurrency-mining equipment from local data centers. Icelandic media are referring to the theft as the “Big Bitcoin Heist.” It’s not so much about the theft of Bitcoins themselves, though, but rather that of the equipment used to earn them.
Germany Won't Tax You for Buying Coffee With Bitcoin

Germany Won't Tax You for Buying Coffee With Bitcoin

Germany won't tax bitcoin users for using the cryptocurrency as a means of payment, the Ministry of Finance has said. The guidance, published Tuesday, sets Germany apart from the U.S., where the Internal Revenue Service treats bitcoin as property for tax purposes - which means that if an American buys a cup of coffee with bitcoin, it's technically considered a sale of property and potentially subject to capital gains tax.
Bitcoin exchange Coinbase is handing over user information to the IRS

Bitcoin exchange Coinbase is handing over user information to the IRS

If you’ve made thousands or even millions of dollars on cryptocurrencies, be sure to report your winnings to the Internal Revenue Service before someone else does it for you. Coinbase, one of the largest cryptocurrency exchanges, told customers Friday it will turn over 13,000 users’ data to the IRS within the next 27 days. The move comes in response to an IRS order issued in November 2016 to send records of users who bought .....
Turns out cryptocurrency investors love streetwear—and streetwear retailers love being paid in cryptocurrency.

Turns out cryptocurrency investors love streetwear—and streetwear retailers love being paid in cryptocurrency.

19-year-old Erik Finman is about to be the subject of a new CNBC documentary chronicling the lives of Bitcoin millionaires. This, he tells me, is what viewers can expect to see: “I wake up and I'm just in my blanket made of hundred [dollar bills] and I get up and they fall off my face and I jump into my Yeezys as soon as I get off the bed and brush my teeth witha Supreme toothbrush.
This Big Cryptocurrency Acquisition Could Create a Wall Street-Style Financial Giant

This Big Cryptocurrency Acquisition Could Create a Wall Street-Style Financial Giant

Circle, a cryptocurrency-focused financial-services firm, will announce today that it is buying crypto exchange Poloniex—a move that immediately makes Circle one of the largest and most influential companies in the industry. Fortune’s Robert Hackett profiles a company that hopes to leverage the technology behind Bitcoin to become the bank of the next century.
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