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one of riches person in u.k./\Richard Branson Has Virgin Galactic Accepting Bitcoins | Benzinga
www.benzinga.com/media/.../11/...galactic-accepting-bitcoins Cached
Richard Branson Has Virgin Galactic Accepting Bitcoins . ... This means very little risk for companies who accept bitcoin, said Branson, ...
http://www.benzinga.com/media/
Accept Bitcoin | BitPay
bitpay.com Cached
The World Leader in Bitcoin Payment Processing ... You can now accept a payment from any country on Earth, with no risk of fraud. Reduce Hassle.
http://bitpay.com
Taiwanese E-Commerce company will accept Bitcoins in Early ...
invisiblemoneydocumentary.wordpress.com/2013/12/31/... Cached
Wayi International Digital Entertainment will begin accepting Bitcoins in 2014 to profit from the regulations surrounding Bitcoin in China, under the ...
Brave Businesses Buy Into Bitcoins: Is It A Bubble? – ReadWrite
readwrite.com/.../brave-businesses-buy-into-bitcoins-bubble Cached
It turns out that enough different companies accept Bitcoins that you could use them to buy almost everything you might need. Want to buy clothing, ...
yes , u.s.a. is doing what china and russia tried to stick to u.s.a.
would you have list of companies accepting bitcoins?
i have ostk
znga
elra
Cryonic FrostBit Bitcoin Miner Unveiled to Consumers ...
First Insurance Company to Accept Bitcoin
Namecheap Accepts Bitcoins for Hosting, Domain Registration ...
Denver Web Hosting Company to Accept Bitcoins for Payment
http://finance.search.yahoo.com/search/;_ylc=X3oDMTJwOWhnNHJwBGtleXcDdS5zLmEgY29tcGFuaWVzIGFjY2VwdGluZyBiaXRjb2lucwRtaWQDbWVkaWFxdW90ZXNzZWFyY2gEc2VjA3VoYjIEc2xrA2ZpbmFuY2Vfc2VhcmNo?p=u.s.a%20companies%20accepting%20bitcoins&type=2button&fr=uh3_finance_web_gs
BitCoins Accepted Here
www.bitcoinsacceptedhere.com Cached
A comprehensive list of vendors and people who accept and use BitCoins. If you're looking for a place to spend your hard earned BitCoins - you found it!
http://www.bitcoinsacceptedhere.com
BitcoinNewsNetwork
http://www.btcnn.com
Sarasota business incubator HuB to accept bitcoin virtual ...
http://www.bitcoinsacceptedhere.com
http://bitcointrading.com
Dedicated Server Company Now Accepting Bitcoins
www.ananova.com/...server-company-now-accepting-bitcoins
http://www.ananova.com/
Bitcoin Directory - Sites accepting Bitcoin as payment method
bitcoindirectory.net Cached
Bitcoin Directory | Directory of sites that accepts Bitcoin as payment method - lists some of the strongest links for Bitcoin services, opportunities and professionals.
http://bitcoindirectory.net
Bitcoin / Cryptocurrencies - Ron Paul Forums
www.ronpaulforums.com/forumdisplay.php?91-Bitcoin Cached
http://www.ronpaulforums.com/
Bitcoin Buzz Issue #1 | Bitcoin Investment Trust
www.bitcointrust.co/bitcoin-buzz-issue-1 Cached
http://www.bitcointrust.co/bitcoin-buzz-issue-1
Global Leadership Institute to Accept Bitcoin
azventurecapital.com/...institute-to-accept-bitcoin Cached
Global Leadership Institute, formerly known as Cephas Holding Corp (PINKSHEETS: CEHC), today announced that it will accept Bitcoin as payment for future educational ...
http;//www.azventurecapital.com/
Bitcoins for sex: Escort agency becomes first to accept ...
www.geek.com/news/bitcoins-for...to-accept...bitcoin-1572116 Cached
Though the Bitcoin craze has died down ... the England-based Passion VIP will become the first escort service to accept Bitcoin as ... You call the company, ...
http://www.geek.com/news/bitcoins
Reports: Baidu, The "Google Of China," Is Now Accepting ...
www.fastcompany.com/3020006 Cached
An announcement on a Bitcoin forum says that Baidu Jiasule, a small security service owned by one of China's biggest Internet companies, will begin accepting Bitcoins ...
http://www.fastcompany.com/
D.C. Campaign Becomes First To Accept Bitcoin Contributions ...
wamu.org/news/13/12/...first_to_accept_bitcoin_contributions Cached
D.C. Campaign Becomes First To Accept Bitcoin Contributions ... WAMU investigates city subsidies to developers and campaign contributions from the companies.
NYC Property Owner Is Now Accepting Bitcoins | Zero Hedge
www.zerohedge.com/news/2013-04-08/...now-accepting-bitcoins Cached
You're now on the archive server. Commenting has been disabled. NYC Property Owner Is Now Accepting Bitcoins
http://finance.search.yahoo.com/search/;_ylt=AwrTWVXc3tJSXzQA.XKTmYlQ?p=u.s.a+companies+accepting+bitcoins&type=2button&fr=uh3_finance_web_gs&xargs=0&pstart=1&b=61
Most common folks have no idea that the Bitcoin is the future. Virtual Money is the only way to have a Global Currency.
this is so new most americans never heard or tossed ah bitcoin. i mean virtual currency.
http://investorshub.advfn.com/boards/post_reply.aspx?message_id=95838834
re;
Ohh I know all about the coin bro! Whats going on in here? I still had a few on a HD somewhere around here when I gave mining a go a few years ago...
So are you guys trading btc on the exchange? How are you looking to capitalize on the btc market? I'm VERY interested...
answer;
is yes.
#2 configuration of new money, virtual currency that will be u.s.a. currency before obama leaves office.
bitcoins quote;
http://www.kitco.com/finance/bitcoin/
FOR METAL QUOTES , CHARTS,
http://www.kitco.com/
i have said for years new currency in vault but didn't know it would be bitcoins.
reason to clear our debt from foreign nations we owe debt.
u.s.a. one day ask countries in debted to to to for forgiveness of our debts to you.
mick,
P.S.
First Sec Approved, Congress Approved "don't kill da baby in infant stage", More than 68 countries approve Bitcoins, many U.S.A. cites, states have aproved use of bitcoins for purchase, business etc.
Some Countries Paying Wages In Bitcoins.
http://www.kitco.com/finance/bitcoin/
01-12-14
Bitcoin = enter amount for exchange u.s.money
878.44 USD
877.85 / 879.04 942.09 CAD
936.70 / 947.47 5,238.61 CNY
5,233.98 / 5,243.25 664.83 EUR
662.44 / 667.22 563.69 GBP
559.49 / 567.90
USD
US Dollar bid 877.87
ask 878.13 878.00
24h sliding average896.35 USD
Total Bitcoin market volume (24h) 46,338
Global trading volume share 34.1%
Value Traded in USD 40,641,562
Data for USD weighted average
Source Last Bid Ask Mid Volume in Bitcoins Volume % Value Traded in USD
btce 850.98 850.98 852.00 851.49 16,547 35.7% 14,089,605
bitstamp 853.21 853.20 853.21 853.21 12,916 27.9% 11,019,996
mtgox 962.28 962.30 963.79 963.04 10,539 22.7% 10,149,531
bitfinex 855.53 856.81 853.21 855.01 6,025 13.0% 5,151,435
localbitcoins 954.94 954.94 954.94 954.94 156 0.3% 148,971
campbx 846.00 845.21 846.00 845.61 97 0.2% 82,024
must be new stuff for quotes bitcoins. i had it here.
#board-5322
http://www.kitco.com/finance/bitcoin/
Ohh I know all about the coin bro! Whats going on in here? I still had a few on a HD somewhere around here when I gave mining a go a few years ago...
So are you guys trading btc on the exchange? How are you looking to capitalize on the btc market? I'm VERY interested..
i am having problem linking to kitco for bitcoins quote. woukd you have?
anyone?
#2 u.s.a companies accepting bitcoins!Should your business start accepting Bitcoins? | PCWorld?
http://bitcointrading.com
bitcoins in quote daily at http://www.kitco.com/
?p=u.s.a%20companies%20accepting%20bitcoins&type=2button&fr=uh3_finance_web_gs
Should your business start accepting Bitcoins? | PCWorld
www.pcworld.com/article/2039284/...accepting-bitcoins-.html Cached
Should your business start accepting Bitcoins? ... at all," but notes that Bitcoin-denominated sales are still a tiny percentage of his company's overall ...
http://www.pcworld.com
I got grief about BIT-C as well
some holding taking offense to the truth...
resistance its understandable.... even if what we speak is true
#1 u.s.a companies accepting bitcoins! this hurt ah little but bitcoins in quote daily at http://www.kitco.com/bitcoins
http://finance.search.yahoo.com/search/;_ylc=X3oDMTJwOWhnNHJwBGtleXcDdS5zLmEgY29tcGFuaWVzIGFjY2VwdGluZyBiaXRjb2lucwRtaWQDbWVkaWFxdW90ZXNzZWFyY2gEc2VjA3VoYjIEc2xrA2ZpbmFuY2Vfc2VhcmNo?p=u.s.a%20companies%20accepting%20bitcoins&type=2button&fr=uh3_finance_web_gs
China Restricts Banks’ Use of Bitcoin - NYTimes.com
www.nytimes.com/2013/12/06/business/international/china...
The notice curtailing financial institutions’ involvement with Bitcoin was issued by the People’s ... accepting Bitcoins for ... Bitcoins possess ...
i am getting some nasty stuff for telling truth for bitcoins.
as below some say these will be only the beginning of false claims
doing exchange bitcoins.
so far real one is quoted here.
http://www.kitco.com/bitcoins
configuration of new money, virtual currency that will be u.s.a. currency before obama leaves office.
bitcoins quote;
http://www.kitco.com
i have said for years new currency in vault but didn't know it would be bitcoins.
reason to clear our debt from foreign nations we owe debt.
u.s.a. one day ask countries in debted to to to for forgiveness of our debts to you.
mick,
P.S.
First Sec Approved, Congress Approved "don't kill da baby in infant stage", More than 68 countries approve Bitcoins, many U.S.A. cites, states have aproved use of bitcoins for purchase, business etc.
Some Countries Paying Wages In Bitcoins.
this why you are SMART MONEY1 and mick caspermick. casper 4th dimension ' on 'Bitcoin Exchange (BTC:BITCOIN)'
http://investorshub.advfn.com/boards/post_reply.aspx?message_id=95832743
http://investorshub.advfn.com/boards/post_reply.aspx?message_id=95832394
willy wonka very slick in factory.
re;
lmao.........
stock fox Sunday, 01/12/14 01:10:00 AM
Re: [SMART MONEY] post# 57761
Post # of 57766
everyboday already knows this quit trying to tell everybody how to trade geez ,let us do what we want its our fin money,we are all 20,30 40 60 yrs old quit trying to act like your our mother mind your own business I already made 165% and its in the bank I sold end of day friday for .085 bought in under.03
now for the real funny part------------------------------------------------------------>
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95814176
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95813858
as you say popping up , popping like in popcorn? i was telling them the real bitcoins have ah quote at
http://www.kitco.com
their forum deleted many of mine there cause no want to hear da truth.
i never had got so many deletions in one day.
mick,
thank you for this reading wow stuff.
re;http://investorshub.advfn.com/boards/post_reply.aspx?message_id=95832394
thank you for this huge message.
http://investorshub.advfn.com/boards/post_reply.aspx?message_id=95820159
re;
Cease Trade Order;Grand Pacaraima Gold Corp.
[-chart]www.otcmarkets.com/content/doc/otcm/tier/logo/small/caveat-emptor.png[/chart]
Sedar is down at the moment, so I can't see filings in Canada.
http://web.tmxmoney.com/news.php?qm_symbol=BITC:US
this very very very good update. as said i have study bitcoins since sept.,2013
http://investorshub.advfn.com/boards/post_reply.aspx?message_id=95832139
did this happen friday at otcmarkets?
OTCmarkets already slapped them with a "CE"
[-chart]investorshub.advfn.com/uimage/uploads/2014/1/12/sccotce.png[/chart]
http://www.otcmarkets.com/stock/BITC/quote
the forum is carry on illegal Bitcoin Exchange business as i see.
sticky should come down too.
i think those say got in frida will be very very very disappointed.
big baller and i been on bitcoins theory before me.
we have shared theory even before setp.,2013
big baller sharp investor.
What's up!
Great job on taking the time to DD this person(Bagholder) who found it necessary to call you out. Then lie about his entire position.
LOLOLOLOLOL!!!! You never stop to keep me laughing with your Images.
lmao.........
stock fox Sunday, 01/12/14 01:10:00 AM
Re: [SMART MONEY] post# 57761
Post # of 57766
everyboday already knows this quit trying to tell everybody how to trade geez ,let us do what we want its our fin money,we are all 20,30 40 60 yrs old quit trying to act like your our mother mind your own business I already made 165% and its in the bank I sold end of day friday for .085 bought in under.03
now for the real funny part------------------------------------------------------------>
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95814176
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95813858
also has a Cease Trade Order where their from: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95820159
OTCmarkets already slapped them with a "CE"
http://www.otcmarkets.com/stock/BITC/quote
real bitcoins quotes here.
http://www.kitco.ocm
finish this? da bitcoin companies accepting bitcoin.
was or is my friend/\ this is the real future 'Bitcoin Exchange (BTC:BITCOIN)'
problems will occur early trading next wk.
you had first dibbs on this title... 'Bitcoin Exchange (BTC:BITCOIN)'
no change it my friend.
Maybe I will too! when it hits .007
as we already suspected by the cheesie website they just threw up, the real DD was soon to follow
Grand Pacaraima Gold
http://investorshub.advfn.com/boards/Profile.aspx?user=220795
[SMART MONEY] will play the bounce once it falls hard and turns north!
Money never sleeps, Bitcoin trading up tonight at $1,000 again.
http://bitcoin.clarkmoody.com/
________________________________WHO?? HERE MISSED ((( BITC )))
i wonder what pps will be? would ya have where it is listed for reading prospectus?
I am putting together list tonight.
I want part of that IPO.
01-10-14 on cnbc chat on bitcoins , rules of da road. new york hearing for regulations action for bitcoins.
jan. 28&29, 2014.
i am hearing i.p.o. for bitcoin soon.
mtgoxusd symbol for quote.
so looks like bitcoin usage is going bigtime.
reason given for bitcoin?
banks take three day clearance for checking or transfered money.
bitcoin instant clearance.
cnbc to chat on bitcoin shortly. 01-10-14 a.m.
http://kitco.com has quotes for bitcoin.
do you or have you got listing update for companies accepting bitcoins?
banks are ripping off the public , concerned , why you banks no pay me divy on my money?
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Integral to Bitcoin is a public transaction log, the blockchain, that records bitcoin ownership currently as well as in the past. By keeping a record of all transactions, the blockchain prevents double-spending.[19] Cryptography is used to protect the integrity of the blockchain.[19]
This master list of all transactions is maintained by a distributed network of computers that does the payment processing work of Bitcoin.[19] Users who devote computing power to maintaining the blockchain in this way are called "miners" and are rewarded with newly created bitcoins as well as fees. Payment processing work done by miners verifies each transaction as valid and adds it to the blockchain.[20] As more bitcoins come into circulation the reward for doing payment processing decreases and will stop altogether when the Bitcoin upper limit of 21 million bitcoins has been reached.[19] As Bitcoin achieves wider recognition and more people compete to mine the coins, competition for the limited number of bitcoins awarded for payment processing work becomes steeper and more powerful computers are needed in order to compete—a fact which has spawned a technology boom in sales of Bitcoin mining technology.[20] In addition, Bitcoin is designed to increase the difficulty of payment processing as more miners connect to the network.
Payment processing[edit]Through various exchanges, bitcoins are bought and sold at a variable price against the value of other currencies.[21] While there may be a seemingly large number, exchanges regularly fail, taking client bitcoins with them.[22] A published research study showed that of 40 Bitcoin exchange markets studied, 18 ended up closing over a period of 3 years.[23] Bitcoin prices are fragmented and vary widely across exchanges.[24]
In order to make a payment, a user requests an update to the master transaction list, the blockchain, and the transaction is validated by the network.[25] Although transactions can be validated instantly, it takes bitcoin miners approximately 10 minutes to record the payment within the blockchain and confirm it was not spent twice.[25] In addition, transactions that pay a fee may be processed more quickly.[citation needed]
Bitcoin payment processing fees are optional and generally substantially lower than those of credit cards or money transfers.[26] Currently, doing the work of payment processing is rewarded with newly created bitcoins. But this reward is halved every few years,[27] eventually phasing out all together when the total number of bitcoins have been released. Once the Bitcoin ceiling of 21 million units is reached, payment processing will only be incentivized with transaction fees.
Wallets allow a user to make and accept payments using Bitcoin. At the most basic, a wallet stores a public key, which some refer to as a Bitcoin address, and its associated private key. They come in a variety of forms: apps for mobile devices and computers, hardware devices, and paper tokens. When making a purchase with a mobile device, the use of QR codes to simplify transactions is ubiquitous.
Bitcoin functions using public-key cryptography, in which a pair of cryptographic keys, one public and one private, are generated.[28] In the case of Bitcoin, the public key functions as an address to which payments can be sent, and the private key acts as a safeguard; it must be presented when making a payment from an address. Because anyone with a private key can spend all of the bitcoins associated with its corresponding public key, securing and protecting is important to prevent theft, which has occurred on numerous occasions.[23] The practical day-to-day security of Bitcoin wallets remains an on-going concern.[29]
The main ways to acquire bitcoins are: exchanges (where bitcoins can be bought and sold for cash), mining, and selling items for bitcoins.[30]
First mentioned in a 2008 paper published under the pseudonym "Satoshi Nakamoto" (a Japanese name that roughly translates as "Thinking clearly inside the foundation"),[31] Bitcoin became operational in early 2009, with the release of the firstopen source Bitcoin client and the issuance of the first bitcoins.[32][33][34] The currency had early technical problems such as a 2009 exploit that allowed the creation of unlimited bitcoins.[35][36]
On average, bitcoins have appreciated rapidly in relation to other currencies including the US dollar, euro, and British pound.[21] In 2011 the value of one bitcoin rapidly rose from about $0.30 to $32, before falling back down to $2.[37] Bitcoin began attracting media attention in late 2012, and numerous news articles have been written about it. In 2013, some mainstream services such as OkCupid, Baidu, Reddit, Humble Bundle and Foodler began accepting it.[38] That year also saw the first interventions by law enforcement. Assets belonging to the Mt.Gox exchange were seized, and the Silk Road drugs market was shut down.[39]
During November 2013, the China-based Bitcoin exchange BTC China overtook Japan-based Mt.Gox and Europe-based Bitstamp to become the largest Bitcoin trading exchange by trade volume.[40] On 19 November 2013, the value a bitcoin on the Mt.Gox exchange soared to a peak of US$900 following a United States Senate committee hearing, at which the committee was informed that virtual currencies were a legitimate financial service.[41] On the same day, one bitcoin traded for over RMB¥6780 (US$1100) in China.[42] With roughly 12 million bitcoins in existence as of November 2013,[43] the new price increased the market cap for Bitcoin to at least US$7.2 billion.[44]
On 5 December 2013, the People's Bank of China announced it was prohibiting Chinese financial institutions from using bitcoins.[11] Following the introduction of these new rules, the value of bitcoin dropped[45] and Chinese internet giant Baidu reversed its policy of accepting bitcoins for certain services.[46] Starting in October 2013, Baidu had been allowing clients of website security services to pay with bitcoins.[47] Buying real-world goods with any virtual currency has been illegal in China since at least 2009.[48]
Certain non-profit or advocacy groups accept bitcoins including WordPress,[49] Tor Project,[50] and the Electronic Frontier Foundation.[51]
The highly volatile value of Bitcoin has led to some questions about its ability to function as a currency.[53] Few are willing to use a currency with a highly variable value.[54] Its deflationary bias, which incentivizes hoarding and removes money from circulation, is also cited as a stumbling block to Bitcoin becoming a functional currency.[55]
Even if Bitcoin fails to make it as a currency, it may continue to prove useful as a payment processing system. Volatility has little effect on its utility in this regard since money would need to be converted to bitcoins only for the short time it takes to make a payment or transfer.[56] Processing fees are substantially lower than those of credit cards or money transfers.[26] Some feel that Bitcoin may be especially well suited to facilitating cheap cross-border money transfers.[56]
Currently Bitcoin does see limited use as a currency.[57] By November 2013 there were about 1,000 brick and mortar businesses willing to accept payment in bitcoins,[58] and more than twenty thousand merchants online.[59]
Some have suggested that Bitcoin is gaining popularity in countries with problem-plagued national currencies, as it can be used to circumvent inflation, capital controls, and international sanctions. Bitcoins are used by some Argentinians as an alternative to the official currency,[60] which is stymied by inflation and strict capital controls.[61] In addition, some Iranians use bitcoins to evade currency sanctions.[62]
Financial journalists and analysts have suggested that there was a link between higher Bitcoin usage in Spain and the 2012-2013 Cypriot financial crisis.[63]
Many have mentioned speculative bubbles in connection with Bitcoin, and Reuters journalist Felix Salmon correctly predicted the bursting of one such Bitcoin bubble in April 2013.[64]
Noted individuals who have named Bitcoin a bubble include Former Federal Reserve Chairman Alan Greenspan; a core developer of the Bitcoin protocol, Mike Hearn; and Economist John Quiggin.[65]
Nick Colas, a market strategist for ConvergEx Group, is among those who see Bitcoin's quick rise in price as nothing more than normal economic forces at work.[66]
Bitcoins are often traded as an investment[67] by speculators who expect the currency to increase in value as its popularity widens.[68] The European Banking Authority has warned that the risks of engaging in such speculation go beyond the possibility that the value of Bitcoin drops.[69]
Bitcoins have been described as lacking intrinsic value because their value depends only on the willingness of users to accept them.[70] Their vulnerability to hacking and theft also makes their use as an investment more questionable.[54]
Derivatives of bitcoins are thinly available. One organization offers futures contracts against multiple currencies.[71]
Bitcoins have attracted the attention of some Wall Street types with Peter Thiel's Founders Fund investing US$3 million and the Winklevoss twins making a US$1.5 million personal investment[72] as well as making an attempt to launch a Bitcoin ETF.
Economists have had a mixed reaction to Bitcoin. Some have responded positively to Bitcoin, including François R. Velde, senior economist of the Federal Reserve in Chicago who described it as "an elegant solution to the problem of creating a digital currency."[73][74]
Other economists commenting on Bitcoin have been critical. Nobel laureate Paul Krugman has suggested that the structure of the currency incentivizes hoarding and that its value derives only from the expectation that others will accept it as payment.[75][76]
Former U.S. Treasury Secretary Larry Summers has expressed a "wait and see" attitude when it comes to Bitcoin.[77]
In November 2013 Richard Branson announced that Virgin Galactic would accept Bitcoin as payment, saying that he had invested in Bitcoin and found it "fascinating how a whole new global currency has been created", encouraging others to also invest in Bitcoin.[17][78] PayPal President David A. Marcus has said he thinks that Bitcoin is a "great place to put assets" but that it won't be a currency until its price volatility reduces.[79]
The blockchain is a public ledger of every bitcoin transaction. Bitcoin does provide anonymity in that a bitcoin address does not directly identify its owner. However, tracking the flow of bitcoins through the address can give clues as to who the owner is.[86] Bitcoin uses cryptography but does not do so to protect the identities of its users. Bitcoin is anonymous in that it is difficult to associate Bitcoin transactions with real-life identities.[87] In addition, Bitcoin intermediaries such as exchanges are required by law in many jurisdictions to collect personal customer data.[Bitcoin have been criticized by the free software movement activists including Richard Stallman for not being an 'anonymous cryptocurrency' and calls for reformed development.[80] Zerocoin was a proposed add-on to Bitcoin, which employs cryptographic accumulators and digital commitments with zero-knowledge proofs to eliminate trackable linkage in the Bitcoin blockchain, which would make Bitcoin anonymous and untraceable, however it has been suggested by Zerocoin developers that instead of building on top of the Bitcoin protocol, Zerocoin may decide to launch as an alternative cryptocurrency instead.[81][82][83][84][85]
Bitcoin's association with criminal activities has historically hindered the currency from attaining widespread, mainstream use and has attracted the attention of financial regulators, legislative bodies, and law enforcement.[88] The Washington Post has labeled it "the currency of choice for seedy online activities,"[89] and CNN has called Bitcoin a "shady online currency [that is] starting to gain legitimacy in certain parts of the world."[90] Its links to criminal activities have prompted scrutiny from the FBI, US Senate, and the State of New York. The FBI stated in a 2012 report that "bitcoins will likely continue to attract cyber-criminals who view it as a means to move or steal funds".[91]
In March 2013 the US Financial Crimes Enforcement Network (FinCEN) established regulatory guidelines for "decentralized virtual currencies" such as Bitcoin, classifying American "Bitcoin miners" who sell their generated bitcoins as money services businesses (or MSBs), that may be subject to registration and other legal obligations.[92][93][94] In August 2013 the German Finance Ministry characterized Bitcoin as a unit of account,[95][96] usable in multilateral clearing circles and subject to capital gains tax if held less than one year.[96] The New York State Department of Financial Services, citing its authority to regulate money transmissions and its concern with criminal activity (Silk Road in particular), announced an inquiry in late 2013 into possible regulations and guidelines for Bitcoin (a "BitLicense") and the holding of public hearings in New York City.[97]The US Internal Revenue Service has also stated that it is actively working on its own rules for Bitcoin.[54]
At the same time, the European Banking Authority (EBA) gave a nuanced nod of approval to Bitcoin usage. Issuing what was formally a "warning" to consumers its about dangers inasmuch as Bitcoin businesses are not regulated or licensed as banks in EU and EFTA areas, they further admitted that these businesses are not currently required to operate under such regulations, thus acknowledging the status quo.[98]
Some have suggested that due to its close association with illegal purchases, governments could outlaw Bitcoin. This assertion has been made by Steven Strauss, a Harvard public policy professor, and was also mentioned in 2013 SEC filing made by a Bitcoin investment vehicle.[99]Bitcoins are not currently illegal in the US, however. FBI Special Agent Christopher Tarbell has stated that "Bitcoins are not illegal in and of themselves and have known legitimate uses".[100]
Several news outlets assert that the popularity of Bitcoin hinges on the ability to use them to purchase illegal substances.[101] In 2013 The Guardian reported that the currency was primarily used to purchase illegal drugs and for online gambling,[102] and The Huffington Post stated that "online gambling accounts for a huge portion of Bitcoin activity."[103] Legitimate transactions are thought to be far less than the number involved in the purchase of drugs,[104] and roughly one half of all transactions made using Bitcoin are bets placed at a single online gaming website.[105] In 2012, an academic from the Carnegie Mellon CyLab and the Information Networking Institute estimated that 4.5 to 9% of all bitcoins spent were for purchases of drugs at a single online market, Silk Road.[106] As the majority of the Bitcoin transactions were at this time speculative in nature, this academic asserts that drugs constituted a much larger percentage of the products and services bought using the currency, however.[106] The Huffington Post stated in 2013 that online gun dealers use Bitcoin to sell arms without background checks.[107]
Some regulatory and law enforecment authorities, including the European Banking Authority, feel Bitcoin may be used for money laundering.[108] A 2012 report by the FBI acknowledged such fears but stated that there were no known instances of this occurring.[91] Some say one obstacle to bitcoins becoming widely used to launder money is the fact that its transaction history is public.[109] During the US Senate hearing in 2013, Jennifer Shasky Calvery, director of the Treasury Department's Financial Crimes Enforcement Network said that despite the possibility for using Bitcoin that "Cash is probably still the best medium for money laundering."[110]
In June 2011, Symantec warned about the possibility of botnets engaging in covert mining of bitcoins,[111][112] consuming computing cycles, using extra electricity and increasing computer temperatures. Some malware used the parallel processing capabilities of the GPUs built into many modern video cards.[113] In mid-August 2011, bitcoin miner botnets were detected again,[114] and less than three months later Bitcoin-mining trojans infecting Mac OS X were also discovered.[115] In April 2013 electronic sports organization E-Sports Entertainment were accused of hijacking 14,000 computers to mine bitcoins; the case was settled in November with the organization fined US$1 million if it breaks the law within the following ten years, or $325,000 if it does not.[116]
Up to the Minute Real-Time Information from Twitter, Newsfeeds, and Real Time Quotes,
Twitter feed- https://twitter.com/bitcoinnews
Newsfeed- http://bitcoinnews.com/
Real Time prices- http://bitcoin.clarkmoody.com/, http://preev.com/
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