Has the father of Bitcoin finally been found? March 6, 2014 THE RECLUSIVE founder of Bitcoin was yesterday revealed as a 64-year-old Japanese-American man living in California, according to Newsweek – but the man himself denied his involvement in the digital currency. “I’m not involved in Bitcoin,” the man called Satoshi Nakamoto – the name used on the original documents that established the cryptocurrency in 2009 – told [...]
Singapore becomes latest jurisdiction to clamp down on Bitcoin March 13, 2014 Singapore is set to regulate Bitcoin exchanges to prevent money laundering and terrorist financing. The Monetary Authority of Singapore (MAS) said in a statement that exchanges will have to identify their customers and report suspicious transactions to the relevant authorities. The MAS said in a statement: Regulation of virtual currency intermediaries pertains specifically to the [...]
Taxman axes VAT on British Bitcoin trades March 3, 2014 THE BRITISH taxman confirmed yesterday that Bitcoin will be exempt from VAT in the same way as other currencies, in the latest sign that finance authorities are taking the digital currency seriously. HM Revenue and Customs said that unlocking new Bitcoins in a process known as mining and trading Bitcoin for other currencies will not [...]
Regulators come under fire as MPs debate money creation November 20, 2014 THE QUESTION of who should be allowed to create money was debated by MPs yesterday. While the MPs present agreed on the macroeconomic significance of the money supply and applauded the debate, they disagreed on whether too much or too little money was the current problem. They also agreed regulators had neglected the important topic. “Whenever [...]
Bitcoin bugs invest $10m in China’s largest exchange March 17, 2014 Despite China's recent crackdown, cyptocurrency Bitcoin has been given a new lease of life in the world's second largest economy. The company that claims to be China's largest Bitcoin exchange by volume has announced a $10m Series A funding round. Venture Capital firm Ceyuan led the way and was followed by Mandra Capital, Ventures Lab and [...]
Bad news mounts for Bitcoin as Japan plans tax March 7, 2014 The bad new keeps on mounting for the world's most popular cryptocurrency Bitcoin. The Japanese government has said that Bitcoin is not a currency and some transactions using it could be taxed. Chief cabinet secretary Yoshihide Suga, told reporters on Friday: If there are transactions and subsequent gains, it is natural…for the finance ministry to [...]
From Grumpy Cat and falling oil prices to Google blackouts and the weather bomb: Here are 10 things we learned this week December 12, 2014 It's been another busy week… here's our pick of the things we learned. 1. Grumpy Cat may not look too impressed but for once she certainly had something to smile about. Turns out the feline internet celebrity earned £32m last year. That's more than a host of business bosses, including Sir Martin Sorrell, Jamie [...]
Chinese exchange raises $10m investment from Bitcoin bugs March 17, 2014 CRYPTOCURRENCY Bitcoin has been given a new lease of life in China, despite a recent crackdown in the world’s second largest economy. The company that claims to be China’s largest Bitcoin exchange by volume – called OKCoin – has announced a $10m Series A funding round, with venture capital firm Ceyuan leading the way, followed [...]
Visa takes a swipe at Bitcoin February 1, 2014 The world’s largest processor of credit card payments has taken a swipe at the insurgent cyptocurrency Bitcoin. Speaking on a conference call discussing quarterly results, Visa’s chief executive officer Charles Scharf said that current payment networks were a safer option than Bitcoin: The established network rules we have, the understanding of how things operate, understanding [...]
Visa takes a swipe at Bitcoin January 30, 2014 The world's largest processor of credit card payments has taken a swipe at the insurgent cyptocurrency Bitcoin. Speaking on a conference call discussing quarterly results, Visa's chief executive officer Charles Scharf said that current payment networks were a safer option than Bitcoin: The established network rules we have, the understanding of how things operate, understanding [...]