http://www.coindesk.com/70000-caribbean-island-residents-receive-bitcoin-2015/?utm_source=dlvr.it&utm_medium=tumblrAll 70,000 residents living on the Caribbean nation of Dominica will be eligible to receive bitcoin as part of The Bit Drop project, an upcoming collaboration between bitcoin businesses, interest groups and local government officials. Scheduled to take place on 14th March, 2015, The Bit Drop will feature an island-wide party boasting ‘celebrities, musicians and supporters of bitcoin’, as well as education booths and free giveaways. The event will also coincide with Pi Day, an annual celebration of the mathematical constant π (pi).
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http://paymentweek.com/2014-8-26-bitcoin-startup-piiko-takes-on-global-pre-pay-5445/Dubai-based Umbrellab launched Piiko in April as the first step in the bitcoin startup incubator’s grand plans to simplify utility payments for the world’s unbanked masses. Covering mobile plans in over 100 countries including the major markets of US, UK, China, and Brazil, Piiko allows users to add money to their pre-paid mobile phone using the decentralized digital currency.
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http://www.finextra.com/news/fullstory.aspx?newsitemid=26386&topic=paymentsThe bitcoin-curious - both enthusiasts and sceptics - are being invited to help put together a report for Santander on the impact that cryptocurrencies will have on banks. Santander has given a $5000 budget to Yegii - a self-described "insight network" set up by Trond Undheim, a senior lecturer at MIT Sloan School of Management - to write the report.
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http://techcrunch.com/2014/08/24/libratax-2/With new IRS guidance on taxing crypto-currency trading, it can be a bit complicated for Bitcoin enthusiasts to figure out how much capital gains and income tax they owe. Losses and gains are subject to a capital gains tax, which means you have to remember Bitcoin’s valuation at the point you bought the currency and at the point you sold it. That leads to a complicated year-round exercise in bookkeeping.
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http://cointelegraph.com/news/112354/bangladesh-get-its-own-bitcoin-foundationWhat we often miss however is how important smaller nations, especially countries with large tech-communities, are to the success of Bitcoin. Bangladesh is an excellent example of this and the new Bitcoin Foundation Bangladesh seems to be an excellent example of a great start on cryptocurrency education in the region.
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http://www.bidnessetc.com/24526-bitcoin-developments-in-the-us/The author of the report, Gil Luria, said that the volatility in Bitcoin prices should not discourage its users as its retailers and payment processors are protected, and customers are also expected to be protected in the future. He added that companies like Coinbase and Circle are working on such solutions that, once implemented, will eradicate any risk for Bitcoin customers.
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http://www.techinasia.com/bitcoin-startup-asia-valley-boost-vc/The bitcoin and cryptocurrency ecosystem in Singapore has been making great strides. Just a couple of months ago, the Association of Crypto-Currency Enterprises and Startups, Singapore (ACCESS) was formed to represent various bitcoin- and other cryptocurrency-related businesses.
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http://cointelegraph.com/news/112335/bitcoin-analysis-week-of-aug-24-intro-to-trendA new range has been established between US$440 and US$500. Allow some time for the markets to settle down and dictate the next move. The long term chart is still considered healthy as long as we remain above this US$440 mark, but in case it give way, look for US$340-360 range as the next line of technical defense. Just like it was said a few days ago, unless faith in bitcoin is being lost, nothing should go straight down so this oversold condition is due for a bonce even if just temporary, but we have lowered this expectation to US$500 before re-evaluating the situation.
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http://www.theregister.co.uk/2014/08/22/bitcoin_phishing_scam/Cybercrooks have launched a phishing campaign targeting Bitcoin users – and it's enjoying high response rates despite the seemingly random spraying of corporate email addresses with the spam-based scam. Security-as-a-service provider Proofpoint has detected 12,000 messages sent in two separate waves to more than 400 organisations across a variety of industries including higher education, financial services, high tech, media and manufacturing. Consumers are also on the target list.
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http://www.coindesk.com/burning-mans-camp-bitcoin-became-camp-dogecoin/Rising from the Nevada desert for the annual Burning Man festival, it’s a temporary community where rental van logos are covered to avoid commercialism and where a bike ride might net you a free dance lesson or a grilled cheese sandwich from a billionaire, but no shopping. So what is a cryptocurrency camp doing at Burning Man, an event where even bartering is deemed too capitalistic?
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http://www.coindesk.com/bitpay-bitcoin-merchant-adoption-europe/Though digital currency has undeniably accumulated a strong following among consumers in Europe, the region has arguably trailed the US market in one notable area – high-profile merchant adoption. Despite a number of mid-size merchants such as AirBaltic, 220volt and most recently Shipito joining the growing ranks of bitcoin merchants worldwide, a merchant with the revenue and notoriety of DISH, Expedia or Overstock has yet to become part of the region’s bitcoin ecosystem.
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http://www.forexminute.com/bitcoin/bitcoin-news-mash-bitcoin-money-chain-receives-9-5m-42372Federal Judge Calls Bitcoin Money Robert Faiella, an individual accused for illegally selling $1 million worth Bitcoin to Silk Road users, recently urged a New York federal judge to write him off the charges of money laundering, citing that Bitcoin is not actually money but an asset. However, the accused plea was outright rejected by the judge who went by dictionary which terms Bitcoin as any other form of payment like fiat currencies. Further explaining his reasons for turning down Robert’s request, the judge said that Bitcoin is available to trade on multiple exchanges in exchange of other legal currencies. It thus acts like a denominator of value, and further used in making financial transactions.
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http://www.coindesk.com/margin-trading-blame-bitcoins-price-decline/The price of bitcoin has been the focus of increasing debate over the past week, as, in the wake of its roughly $100 fall, the wider digital currency community has sought to find an answer for what could have caused such a sudden and unexpected movement in the market. Adding to concerns were the two ‘flash crashes’ that reverberated widely in the mainstream press, one observed on Hong Kong-based bitcoin exchange Bitfinex and the other more recently on BTC-e – both of which have been widely attributed to the effects of the exchanges’ margin trading services on their respective markets.
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