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Bitcoin Hard Forks Mean Tax Complications, IRS Offers Little Help

October 22, 2017 C. Edward Kelso 0

Bitcoin Hard Forks Mean Tax Complications, IRS Offers Little HelpWith three hard forks in less than twelve months a real possibility, many bitcoiners are wondering about their implications. Often left out of the debate are tax consequences. The Internal Revenue Service (IRS) hasn’t offered much clarity since its announcements in 2014, and even those were of little help. Also read: IRS May Consider Bitcoin Cash […]

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Trump’s Attorney General Jeff Sessions: ”Bitcoin is a big problem”

October 20, 2017 C. Edward Kelso 0

Trump's Attorney General Jeff Sessions: ”Bitcoin is a big problem"President Donald Trump’s Attorney General, Jeff Sessions, testified before the Senate Committee on the Judiciary. The committee is given rather broad powers concerning federal criminal law and internet privacy. During a quick exchange, hours into the hearing, Mr. Sessions was asked about the “dark web.” His answers might foreshadow what’s ahead for digital privacy and […]

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Bitcoin Surging Means New Storage Fears as Users Take Extreme Measures

October 20, 2017 C. Edward Kelso 0

Bitcoin Surging Means New Storage Fears as Users Take Extreme MeasuresBitcoin millionaires are now a thing, and so are thousandaires. It’s been a good, good year for users of the world’s most popular cryptocurrency. With sums exceeding expectations by a lot, problems arise. Keeping it all on a smartphone no longer seems reasonable. Exchanges prove insolvent. And so storage has become an obsession, leading to […]

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Gold Versus Bitcoin, Goldman Sachs Prefers Metal to Crypto

October 19, 2017 C. Edward Kelso 0

Gold Versus Bitcoin, Goldman Sachs Prefers Metal to CryptoBitcoin’s creator patterned his digital commodity money after history’s most famous analog store of value for currencies, gold. Debate rages as to whether bitcoin will overtake gold’s place.  Also read: Goldman Sachs CEO Lloyd Blankfein Latest Exec to Flirt with Bitcoin Gold Remains Goldman Sachs’ Refuge Recent volatility analysis of bitcoin’s “exchange rate means that merchants […]

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Fork Debate Drops to New Low, Outspoken Developer Lopp’s Home Surrounded by Police

October 18, 2017 C. Edward Kelso 0

Debate is a central part of the cryptocurrency community at large. Open forums such as Bitcoin.com have fostered mostly healthy fork debate about Bitcoin’s future. It appears at least one participant wished to stifle debate, and in a horrible way.  Also read: Preparing for the Bitcoin Hard Forks: A Step-by-Step Walkthrough Fork Debate Turns Ugly and Dangerous […]

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Bernanke: “Eventually Governments Will Take Any Action They Need to Prevent Bitcoin”

October 17, 2017 C. Edward Kelso 0

Bernanke: "Eventually Governments Will Take Any Action They Need to Prevent Bitcoin"Former Federal Reserve (Fed) Chairman Ben Bernanke’s recent comments about bitcoin and its network add to his growing list of hardening stances toward the world’s most popular cryptocurrency. No stranger to bitcoin, Mr. Bernanke has made several statements, at least one official, since its inception.   Also read: JP Morgan Boss Can’t Stop Talking About Bitcoin — […]

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Bitmex Exchange and Samourai Wallet Details Plans on How to Handle Upcoming Forks

October 17, 2017 C. Edward Kelso 0

Bitmex Exchange and Samourai Wallet Details Plans on How to Handle Upcoming ForksBitcoin Mercantile Exchange (Bitmex) and Samourai Wallet (Samourai) have each released details on action plans regarding the expected fork at block height 494,784. This mid-November triggering of Segregated Witness 2 (Segwit2x) is proving to be a battleground for passionate bitcoiners on all sides. Those hostile to the fork are themselves torn between outright refusal and […]

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Signaling Growing Bitcoin Acceptance, Colombia Gets Second Cryptocurrency Conference

October 16, 2017 C. Edward Kelso 0

Signaling Growing Bitcoin Acceptance, Colombia Gets Second Cryptocurrency ConferenceColombia is poised to economically breakout in coming years due to its blessings of climate and natural resources, a vibrant working-age population, newly arrived at peace, and an embrace of bitcoin. Cryptocurrency conferences, training workshops, are sprouting all over the country in preparation.   Also read: Colombia Clarifies Stance on Bitcoin Colombia Ascending Mauricio Tovar, blogger and […]

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Bitcoin Anarchist Amir Taaki Talks Technology’s Purpose and Altcoins (Interview part 2)

October 16, 2017 C. Edward Kelso 0

In PART 2, crypto folk hero Amir Taaki shares his thoughts with news.Bitcoin.com on past projects and Altcoins, while pointing to a philosophical paradox he sees in the wider community. Read part one here. Also read: Crypto-Anarchist Cody Wilson Launches 3D Printed M1911 Handgun Software news.Bitcoin.com was fortunate enough to catch up with Amir Taaki. When […]

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As India’s Government Wars Against Cash, Bitcoin is Sought in Exchange

October 15, 2017 C. Edward Kelso 0

As India's Government Wars Against Cash, Bitcoin is Sought in ExchangeLast year, the Republic of India overnight banned 85 percent of its fiat cash in circulation. As a way to address “black money” presumably used in nefarious dealings, government policy makers demanded certain Indian Rupee (INR) denominations be returned. It’s citizens now have an incentive to begin looking for alternatives to government money. Also read: India’s […]

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