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1  Bitcoin / Press / *DJ UK HMRC: Corporation Tax, Capital Gains Tax to Apply To Bitcoins updated on: March 03, 2014, 04:50:22 PM
Wire: DJ Global Markets (DGM) Date: Mar 3 2014  17:26:06
DJ UK Tax Authority Issues Guidelines on Taxation of Digital Currencies

   By Neelabh Chaturvedi
  LONDON--The U.K.'s tax authority Monday set out guidelines for the taxation
of crypto currencies such as bitcoin, allaying uncertainty over their treatment
for business and consumers.
  Her Majesty's Revenue and Customs said no value-added tax--a sort of national
sales tax--will be due on income received from the mining of crypto currencies
or income received by miners for the provision of other services in connection
with the verification of specific transactions.
  No VAT will be due on the value of bitcoins or other crypto currencies when
they are exchanged for sterling or other foreign currencies either. If VAT is
levied on a product, the tax must still be paid whether payment for the product
is made in pounds, bitcoin or anything else.
  "Taxpayers can rely on the VAT treatment outlined unless and until HMRC
announces any changes. Any changes will not apply retrospectively," the HMRC
said in a statement.
   Any profits made by companies and individuals from the appreciation of their
value of crypto currencies could still be liable for taxes.
  "Gains and losses incurred on bitcoin or other crypto currencies are
chargeable or allowable for Capital Gains Tax if they accrue to an individual
or, for Corporation Tax on chargeable gains if they accrue to a company," the
HMRC said.
2  Bitcoin / Press / Japan minister calls bitcoin 'collapse' expected on: February 28, 2014, 09:54:33 AM
Japan minister calls bitcoin 'collapse' expected

 Published: February 28, 2014 4:39 AM
 By The Associated Press  YURI KAGEYAMA (AP Business Writer)

TOKYO - (AP) -- Japan's finance minister scoffed at bitcoin woes as inevitable Friday, and Vietnam banned the virtual currency, but enthusiasm was undimmed among its supporters in the aftermath of the apparent collapse of a major exchange.

The unplugging earlier this week of the Tokyo-based Mt. Gox bitcoin exchange and accusations it suffered a catastrophic theft have drawn renewed regulatory attention to a currency created in 2009 as a way to make transactions across borders without third parties such as banks.

Mt. Gox's CEO Mark Karpeles has said in a web post he is working to resolve the problems. He has not denied a widely circulated document that says the exchange suffered the theft of more than 740,000 bitcoins, which would amount to about $370 million at current prices. Such a loss would be a giant setback to the currency's image because its boosters have promoted bitcoin as immune to counterfeiting or theft.

"No one recognizes them as a real currency," Japan's Finance Minister Taro Aso told reporters. "I expected such a thing to collapse."

Aso, known for his blunt language, said that a predictable outcome for bitcoin had come even sooner than he had expected.

Japan's financial regulators have been reluctant to intervene in the Mt. Gox situation, saying they don't have jurisdiction over something that's not a real currency. They pointed to the Consumer Affairs Agency, which deals with product safety, as one possible place where disgruntled users may go for help.

The agency's minister Masako Mori urged extreme caution about using or investing in bitcoins. The agency has been deluged with calls about bitcoins since earlier this year.

"We're at a loss for how to help them," said Yuko Otsuki, who works in the agency's counseling department.

Other countries have reacted sternly.

Vietnam's communist government said Thursday that trading in bitcoin and other electronic currencies is illegal, and warned its citizens not to use or invest in them.

Late last year, China banned its banks and payment systems from handling bitcoin, although people still use them online. Thailand earlier put a blanket prohibition on using bitcoins and Russia has effectively banned them.

Karpeles, who has disappeared from the public eye, said Wednesday on the otherwise blank Mt. Gox website that he was working with different parties to fix "our recent issues." He did not say when trading might resume. That may mean those with bitcoins at Mt. Gox have no way of ever getting them back. For now, they have no way of getting their money out.

But there was still considerable appetite for bitcoin in China, where it has become attractive as an investment since tightly-regulated state banks offer very low interest rates on deposits.

Even some with money tied up in Mt. Gox were undaunted.

Huang Zhaobin, a 21-year-old student in Chengdu, said he had lost 50,000 to 60,000 yuan ($8,125 to $9,750) from the Mt. Gox closure.

"Actually this money itself is the benefit from bitcoin investment," said Huang, who plowed 10,000 yuan into bitcoins about three months ago.

"If it is legal, I will continue to invest for sure as it is the trend in the world."

Zhou Ming, 30, an art editor in Fuzhou, was not overly worried about the problems. He said his initial investment of 20,000 yuan ($3,200) in 2011 had grown to about 300,000 yuan ($48,700).

"For the bitcoin investors who started early like me, this does not matter too much as we've already made much money earlier."

In Singapore, Tembusu Terminals, a joint venture specializing in crypto-currencies, announced Friday its first bitcoin ATM in the city-state and plans for many more. Other outfits in Asia have also announced similar ambitious plans.

Yang Weizhou, analyst at Mizuho Securities Co. in Tokyo, said laws to regulate virtual currencies may have to be created by countries including Japan.

The trend toward such technology for peer-to-peer payments wouldn't replace traditional money but was here to stay because of its convenience, she said.

"It is undeniable," she said. "One must separate the Mt. Gox problem from the overall concept."

It's hard to know how many people around the world own bitcoins, but the currency has attracted outsize media attention and the fascination of millions as an increasing number of large retailers such as begin to accept it.

Speculative investors have jumped into the bitcoin fray, too, sending the currency's value fluctuating wildly in recent months. In December, the value of a single bitcoin hit an all-time high of $1,200. In the aftermath of the Mt. Gox collapse Tuesday, one bitcoin stood at around $470.

Roger Ver, a Tokyo resident who has provided seed capital for bitcoin ventures such as, a registry of bitcoin transactions, said he believes bitcoin will survive, possibly emerging with better technology that's safer for users.

He said Mt. Gox people were likely sincere but had failed to run their business properly.

"Mt. Gox is a horrible tragedy. A lot of people lost a lot of money there, myself included," said Ver. "I hope we can use this as a learning experience."


Associated Press video journalist Kaori Hitomi in Tokyo, researcher Fu Ting in Shanghai and writers Chris Brummitt in Hanoi, Vietnam and Satish Cheney in Singapore contributed to this report.

Follow Yuri Kageyama on Twitter at

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
3  Bitcoin / Press / *DJ Mt. Gox Lawyer: Filed For Bankruptcy Protection Y6.5B Debt - updated on: February 28, 2014, 09:35:45 AM
*DJ Mt. Gox Lawyer: Accepted By Tokyo District Court
(MORE TO FOLLOW) Dow Jones Newswires
February 28, 2014 04:34 ET (09:34 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.- - 04 34 AM EST 02-28-14

*DJ Mt. Gox Lawyer: Outstanding Debt Y6.5B
*DJ Mt. Gox Lawyer: Missing Bitcoin May Have Been Withdrawn Through System
*DJ Mt. Gox Lawyer: 750,000 Bitcoin Held by Clients, 100,000 Held by Mt. Gox Mostly Missing
*DJ Mt. Gox Lawyer: Mt. Gox Assets Y3.84B
*DJ Mt. Gox Lawyer: Will Cooperate With Japanese Authorities Into Investigating What Happened

On Bloomberg, when the whole story is available I will edit

DJ Mt. Gox Files for Bankruptcy Protection

By Eleanor Warnock and Takashi Mochizuki
     TOKYO--A lawyer for Mt. Gox announced at a news conference at the Tokyo
District Court that the embattled bitcoin exchange was filing for bankruptcy
protection and that Mt. Gox had outstanding debt of about Yen6.5 billion ($63.6
     The exchange has been under fire from investors since it stopped bitcoin
withdrawals in early February, citing a technical issue that potentially made
fraudulent withdrawals possible.
     On Tuesday, Mt. Gox, which at one point handled more than 80% of trades in
the virtual currency, stopped all transactions, dealing the severest blow to
the bitcoin industry yet and raised concerns about a lack of protection for
users. Several Mt. Gox investors say they have little hope of recovering their
funds, with some individual investors saying they had bitcoins valued at
hundreds of thousands of dollars in Mt. Gox.
     Atsuko Fukase contributed to this article
     Write to Eleanor Warnock at and Takashi Mochizuki
Subscribe to WSJ:

  (END) Dow Jones Newswires
  February 28, 2014 04:50 ET (09:50 GMT)
  Copyright (c) 2014 Dow Jones & Company, Inc.- - 04 50 AM EST 02-28-14
                              Copyright (c) 2014
4  Bitcoin / Press / Singapore Monetary Authority Says Bitcoin not legal tender, doesn't regulate on: February 27, 2014, 10:40:27 AM
On Bloomberg,

Will update when I have the press release

5  Bitcoin / Press / MTGox: Addressing Transaction Malleability on: February 10, 2014, 10:16:55 AM
Dear MtGox Customers and Bitcoiners,

As you are aware, the MtGox team has been working hard to address an issue with the way that bitcoin withdrawals are processed. By "bitcoin withdrawal" we are referring to transactions from a MtGox bitcoin wallet to an external bitcoin address. Bitcoin transactions to any MtGox bitcoin address, and currency withdrawals (Yen, Euro, etc) are not affected by this issue.

The problem we have identified is not limited to MtGox, and affects all transactions where Bitcoins are being sent to a third party. We believe that the changes required for addressing this issue will be positive over the long term for the whole community. As a result we took the necessary action of suspending bitcoin withdrawals until this technical issue has been resolved.

Addressing Transaction Malleability
MtGox has detected unusual activity on its Bitcoin wallets and performed investigations during the past weeks. This confirmed the presence of transactions which need to be examined more closely.

Non-technical Explanation:
A bug in the bitcoin software makes it possible for someone to use the Bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a bitcoin wallet did not occur when in fact it did occur. Since the transaction appears as if it has not proceeded correctly, the bitcoins may be resent. MtGox is working with the Bitcoin core development team and others to mitigate this issue.

Technical Explanation:
Bitcoin transactions are subject to a design issue that has been largely ignored, while known to at least a part of the Bitcoin core developers and mentioned on the BitcoinTalk forums. This defect, known as "transaction malleability" makes it possible for a third party to alter the hash of any freshly issued transaction without invalidating the signature, hence resulting in a similar transaction under a different hash. Of course only one of the two transactions can be validated. However, if the party who altered the transaction is fast enough, for example with a direct connection to different mining pools, or has even a small amount of mining power, it can easily cause the transaction hash alteration to be committed to the blockchain.

The bitcoin api "sendtoaddress" broadly used to send bitcoins to a given bitcoin address will return a transaction hash as a way to track the transaction's insertion in the blockchain.
Most wallet and exchange services will keep a record of this said hash in order to be able to respond to users should they inquire about their transaction. It is likely that these services will assume the transaction was not sent if it doesn't appear in the blockchain with the original hash and have currently no means to recognize the alternative transactions as theirs in an efficient way.

This means that an individual could request bitcoins from an exchange or wallet service, alter the resulting transaction's hash before inclusion in the blockchain, then contact the issuing service while claiming the transaction did not proceed. If the alteration fails, the user can simply send the bitcoins back and try again until successful.

We believe this can be addressed by using a different hash for transaction tracking purposes. While the network will continue to use the current hash for the purpose of inclusion in each block's Merkle Tree, the new hash's purpose will be to track a given transaction and can be computed and indexed by hashing the exact signed string via SHA256 (in the same way transactions are currently hashed).

This new transaction hash will allow signing parties to keep track of any transaction they have signed and can easily be computed, even for past transactions.

We have discussed this solution with the Bitcoin core developers and will allow Bitcoin withdrawals again once it has been approved and standardized.

In the meantime, exchanges and wallet services - and any service sending coins directly to third parties - should be extremely careful with anyone claiming their transaction did not go through.

Note that this will also affect any other crypto-currency using the same transaction scheme as Bitcoin.

To put things in perspective, it's important to remember that Bitcoin is a very new technology and still very much in its early stages. What MtGox and the Bitcoin community have experienced in the past year has been an incredible and exciting challenge, and there is still much to do to further improve.

MtGox will resume bitcoin withdrawals to outside wallets once the issue outlined above has been properly addressed in a manner that will best serve our customers.

More information on the status of this issue will be released as soon as possible.

We thank you for taking the time to read this, and especially for your patience.

Best Regards,
MtGox Team
6  Bitcoin / Press / Mint Adds Bitcoin Transactions (Intuit app) on: January 30, 2014, 01:21:14 PM
Wire: Business Wire (BUS) Date: Jan 30 2014  8:00:00
Mint Adds Bitcoin Transactions


  Mint Adds Bitcoin Transactions

  First Personal Finance Tool to let People View Digital Currency Alongside
                             Traditional Accounts

Business Wire

MOUNTAIN VIEW, Calif. -- January 30, 2014

Mint, the leading personal finance app from Intuit Inc. (Nasdaq: INTU), now
lets users view their digital bitcoin transactions processed by Coinbase
alongside their traditional financial accounts.

Bitcoin is an emerging digital currency and a peer-to-peer payment system
which allows people to electronically manage transactions and the issuing of
bitcoins without using traditional financial institutions or other third
parties. Mint is free to use and provides personalized financial insights to
14 million users. It links users to more than 20,000 different banks, credit
cards, loan and investment accounts, allowing them to view their financial
statements in one place.

“By adding Bitcoin visibility, Mint becomes the only personal finance and
money management tool enabling users to view those transactions,” said Vince
Maniago, group product manager for Mint. “This added feature better serves
consumers’ changing financial needs and provides users with a more complete
financial picture.”

With more than 12 million bitcoins in circulation, Coinbase supports the
world's most widely used alternative currency. Coinbase is the largest and
fastest-growing bitcoin digital wallet service in the United States which
supports more than 870,000 consumer wallets, exceeding the customer base of
many mid-sized traditional banks.

“We’re excited to partner with Mint to allow joint customers to manage their
bitcoin wallets in much the same way as their bank accounts or credit cards,”
said Fred Ehrsam, co-founder of Coinbase. “This further demonstrates that
bitcoin is becoming more broadly adopted by consumers, and we look forward to
working with the team at Mint to help make that a reality.”

Mint is free to download and use from the App Store on iPhone, iPad and iPod
touch as well as for Android smartphone and tablets at Google Play and on the
Amazon Appstore. Mint is also available in the Windows Store for Windows 8.1
and the Windows Phone Store for Windows Phone 8.


  * The Blog - Mintlife
  * on Twitter
  * on Facebook
  * on Google+

About Intuit Inc.

Intuit Inc. creates business and financial management solutions that simplify
the business of life for small businesses, consumers and accounting

Its flagship products and services include QuickBooks®, Quicken® and
TurboTax®, which make it easier to manage small businesses and payroll
processing, personal finance, and tax preparation and filing.
provides a fresh, easy and intelligent way for people to manage their money,
while Demandforce® offers marketing and communication tools for small
businesses. ProSeries® and Lacerte® are Intuit's leading tax preparation
offerings for professional accountants.

Founded in 1983, Intuit had revenue of $4.2 billion in its fiscal year 2013.
The company has approximately 8,000 employees with major offices in the United
States, Canada, the United Kingdom, India and other locations. More
information can be found at


Intuit Inc.
Holly Perez, 650-944-6482

-0- Jan/30/2014 13:00 GMT

                              Copyright (c) 2014

################################ END OF STORY 1 ##############################
7  Bitcoin / Press / Hong Kong in biggest ever Bitcoin giveaway celebrating Chinese New Year on: January 30, 2014, 01:00:48 PM

Hong Kongers snapped up HK$500,000 (RM215,412) in Bitcoin vouchers today to mark the Lunar New Year in what organisers said was the biggest ever giveaway of the currency – though some were confused about how to use it.

Young women in short skirts handed out 50,000 coupons worth HK$10 around the city all day and into the evening.

Vouchers were tucked into the red envelopes ubiquitous during the new year festival, embossed with the Chinese word for 'luck' in gold.

The envelopes –  known as 'lai see' or 'red pocket' –  usually hold cash and are given to family, colleagues and anyone else who deserves a thank you.

Hong Kong Bitcoin exchange ANXBTC said the giveaway was the biggest ever and hoped the 'digital lai see' would be a simple way to introduce Hong Kongers to the currency.

"There's a lot of information out there but for someone who's not so tech savvy it takes some time for them to get into it," ANX chief executive, Ken Lo told AFP.

Recipients scan the voucher's QR code which takes them to a website where they can set up a Bitcoin account just by entering their email, said Lo.

"There hasn't been any fighting because we have a lot (to give away), but there are a lot of people – even in our office they're lining up," said Lo.

But while shoppers in bustling Causeway Bay were happy to get a freebie, many were still confused as to what to do with it.

"I don't know anything about it," said estate agent Chan Wing-fung, 44, who asked an AFP reporter to explain it to him.

"It's not a currency with which I could control my losses or gains," said another recipient, who gave his name as Andrew.

"It's not really useful for me."

Lo admitted the city was 'behind the curve' on the virtual currency.

"There is so much money and big business and finance that people don't need to look anywhere else. They don't need to innovate," he said.

"It needs to get to the level where you walk into 7-11 and you pay the cashier and you get the Bitcoins."

Bitcoin was invented in the wake of the global financial crisis by a mysterious computer guru using the pseudonym Satoshi Nakamoto.

Unlike other currencies, it does not have the backing of a central bank or government. Instead, the units are generated by a complex computer algorithm designed by one or more anonymous people in 2009.

The volatility of its value has drawn criticism and the unregulated currency has also been linked to various kinds of criminal activity. – AFP, January 30, 2014.

8  Bitcoin / Press / Charlie Shrem & Robert Faiella arrested on: January 27, 2014, 04:43:23 PM
Wire: Associated Press (APW) Date: Jan 27 2014  11:41:21
2 Men Charged in NY 'Silk Road' Drug Prosecution

     New York (AP) -- Federal prosecutors say two men are
charged in New York with conspiring to commit money laundering
by selling over $1 million in bitcoins to users of the black
market website Silk Road that let users buy illegal drugs
     Authorities say Charlie Shrem was arrested Sunday at
Kennedy International Airport in New York while Robert Faiella
was arrested Monday at his Cape Coral, Fla., residence.
     Prosecutors say in a release that Faiella sold bitcoins to
users seeking to buy illegal drugs on the site through a
Manhattan office.
     They say Shrem personally bought drugs on Silk Road and
helped Faiella exchange more than $1 million in cash for
bitcoins so they could make illegal purchases.
     It wasn't immediately clear who would represent Faiella and
Shrem in court.

-0- Jan/27/2014 16:41 GMT

                              Copyright (c) 2014

################################ END OF STORY 1 ##############################
9  Bitcoin / Press / Las Vegas Hotels Become First Casino Properties To Accept Bitcoin on: January 21, 2014, 11:03:46 AM
 Las Vegas Hotels Become First Casino Properties To Accept Bitcoin

Virtual Currency Accepted As Payment At Hotels, Restaurants

PR Newswire

LAS VEGAS, Jan. 21, 2014

LAS VEGAS, Jan. 21, 2014 /PRNewswire/ -- The D Las Vegas Casino Hotel and
Golden Gate Hotel & Casino located in downtown Las Vegas will become the first
casino properties to accept Bitcoin. The D and Golden Gate will begin
accepting the popular digital currency beginning Wednesday, Jan. 22.

Between the two co-owned properties, Bitcoin will be accepted at five
locations, including both hotels' front desks and in the D's Gift Shop. Guests
at the D will also be able to purchase Detroit's legendary Coney Dogs at
American Coney Island and enjoy fine dining at Joe Vicari's Andiamo Italian

Bitcoin purchases at the casino hotels will be processed through BitPay, a
service that streamlines transactions using tablet and mobile interfaces.
Tablets programmed with BitPay will be installed at each cashier, allowing
Bitcoin users to easily pay for services using their mobile wallets.

Although plans to process Bitcoin had been discussed, Stevens, who is locally
known to socialize with customers at the casino's LONGBAR, says that several
patrons approached him asking if his properties accept the virtual currency.
The guest demand provided the impetus to quickly move forward with
incorporating the option to pay with Bitcoin at the D and Golden Gate.

"I'm proud that the D and Golden Gate will be the first casino properties to
accept Bitcoin," said co-owner and CEO of the D and Golden Gate, Derek
Stevens. "We're located in the growing high-tech sector of downtown Las Vegas,
and like all things downtown, we're quickly adaptive to new technology. The
timing is right for us to launch this initiative, and I'm happy to be able to
offer this to our customers."

Built in 1906, Golden Gate is Las Vegas' oldest casino. The historic hotel has
always been a forerunner in adopting technology – the city's first telephone
was installed in 1907 (the phone number was 1!) In a unique juxtaposition of
the old and new, Golden Gate's lobby will now house Bitcoin processing
technology just steps from an artifact display case containing an authentic
model of the 1907 Kellogg telephone.

Stevens opened the D in 2012, introducing a hotel casino to match the trendy,
forward-thinking style of the burgeoning downtown Las Vegas neighborhood. To
create the modern vibe, the existing property located on the Fremont Street
Experience received a complete overhaul, incorporating chic design elements,
renovating the guest rooms, adding a collection of high-end suites and
emphasizing entertainment, nightlife and restaurants alongside the casino.

About the D Las Vegas
the D Las Vegas delivers the fresh, energetic attitude and fun atmosphere
synonymous with downtown Las Vegas. The new casino hotel boasts 629 remodeled
rooms and suites and a unique two-level casino feature modern and vintage
floors. Cocktails, beer and frozen beverages abound inside the casino at
LONGBAR and on the Fremont Street Experience at D Bar. the D offers
contemporary American fare at D Grill, Detroit's legendary Coney Dogs at
American Coney Island and premium steaks and authentic Italian dishes and Joe
Vicari's Andiamo Italian Steakhouse.

About Golden Gate Hotel & Casino
The Golden Gate is Las Vegas' most historic hotel and casino, opening in 1906
at One Fremont Street.  Its legacy spans the birth of Las Vegas, the Roaring
20s and the Rat Pack era. The Golden Gate recently completed its first major
expansion in 50 years, adding a 35,000-square-foot luxury tower with 16
suites, an expanded gaming floor and a new lobby. The result is an intimate,
boutique hotel/casino that is energetic and contemporary, yet preserves its
historic character. 

SOURCE The D Las Vegas Casino Hotel; Golden Gate Hotel & Casino

Contact: Kaley Briesmaster,, 702-807-8350, or
Maddie Meister, Kirvin Doak Communications,,

-0- Jan/21/2014 11:00 GMT

                              Copyright (c) 2014
10  Bitcoin / Legal / U.S. Agencies Tell Senate Bitcoins Offer Legitimate Benefits on: November 18, 2013, 02:15:47 PM
U.S. Agencies Tell Senate Bitcoins Offer Legitimate Benefits
2013-11-18 05:01:00.13 GMT

By Max Raskin
     Nov. 18 (Bloomberg) -- The Department of Justice and
Securities and Exchange Commission are telling a U.S. Senate
committee that Bitcoins are legitimate financial instruments,
boosting prospects for wider acceptance of the virtual currency.
     Representatives from the agencies told the U.S. Senate
Committee on Homeland Security and Governmental Affairs ahead of
a hearing today that the digital money offers benefits and
carries risks, like any other online-payment system, according
to letters they released before the meeting.
     The committee scheduled the hearing “to explore potential
promises and risks related to virtual currency for the federal
government and society at large” after the Silk Road Hidden
Website was shut down in October. The closing of the
marketplace, where people could obtain drugs, guns and other
illicit goods using Bitcoins, is helping fuel a rally in the
virtual currency as speculators bet that the digital money will
gain more mainstream acceptance.
     “The FBI’s approach to virtual currencies is guided by a
recognition that online payment systems, both centralized and
decentralized, offer legitimate financial services,” Peter
Kadzik, principal deputy assistant attorney general, wrote in a
letter yesterday. “Like any financial service, virtual currency
system of either type can be exploited by malicious actors, but
centralized and decentralized online payment systems can vary
significantly in the types and degrees of illicit financial risk
they pose.”

                          Virtual Money

     Introduced in 2008 by a programmer or group of programmers
going under the name of Satoshi Nakamoto, Bitcoin is being used
to pay for everything from gourmet coffee to smartphones on the
Internet. There are almost 12 million Bitcoins in circulation,
according to Bitcoincharts, a website that tracks activity
across various exchanges.
     Bitcoins were trading for $460 apiece yesterday on
Bitstamp, one of the more active online exchanges, where the
digital money is traded for dollars, euros and other currencies.
The virtual currency reached a record of $473 yesterday, and is
up more than 30-fold so far this year.
     “Two years ago it was alarm when Silk Road first came on
the scene,” said Jerry Brito, senior research fellow at the
Mercatus Center at George Mason University who is also
testifying in front of the committee today. “Since then,
Congress has been educating itself and understands that there
are great potential benefits, and like any new technology there
are going to be some challenges. But they see there is a balance
to be struck here and they are generally positive on the

                       Gaining Acceptance

     Since the virtual currency exists as software that’s
designed to be untraceable, it’s an attractive tender for those
seeking to transact anonymously via the Web. While the closing
of Silk Road initially caused the digital money to lose a third
of its value within days, Bitcoins have recovered and rallied to
record levels as speculators and investors bet that the currency
will be less of a fad and gain more mainstream acceptance.
     Ben Bernanke, chairman of the Federal Reserve, is also
weighing in on the hearing, saying that it has no plans to
regulate the currency.
     “Although the Federal Reserve generally monitors
developments in virtual currencies and other payments system
innovations, it does not necessarily have authority to directly
supervise or regulate these innovations or the entities that
provide them to the market,” Bernanke wrote in a letter to the
     The hearings will bolster the view that Bitcoins are an
acceptable alternate means of conducting transactions, and that
their use will grow, said Brito.
     “These hearings means Bitcoin is finally coming into its
own; it’s a real thing and it’s not going anywhere and these
hearings highlight that,” he said.

For Related News and Information:
Bitcoin at Record as U.S. Senate Seeks to Discuss Virtual Money
Bitcoin Climbs to Record on Wider Acceptance, China Trading
Bitcoin Mining Rush Means Real Cash for Makers of Hardware: Tech
Top Technology Stories:TTOP<GO>

--Editors: Reed Stevenson, Kevin Miller

To contact the reporter on this story:
Max Raskin in New York at +1-212-617-0443 or

To contact the editor responsible for this story:
Pui-Wing Tam at +1-415-617-7327 or
11  Bitcoin / Project Development / I asked Bloomberg for a Bitcoin/USD ticker symbol.... on: April 09, 2013, 03:53:44 PM
Don't know if this is the right section, but I just asked Bloomberg support for a Bitcoin/USD ticker symbol.... Apparently they have had more requests for it and are looking into supporting it:

Me: Good afternoon,

With Bitcoin being in the news and a lot of traders watching it (has been featured on BBG TV), is there any chance Bloomberg will make a Bitcoin/Usd ticker?

BBG Help: at this time, we do not have bitcoin on Bloomberg - however, we are tracking interest in this for our business managers and I will add you to a request to get bitcoin pricing on Bloomberg. Just so I can provide some more information on why clients are interested in it, can you clarify why you're looking at it, what exactly you would most like to see/do on Bloomberg with it, etc.?

Me: Thanks, I like to be able to get price history, graphing capabilities, some technical analysis and be able to follow headlines on Bitcoin. It is an interesting currency concept which is gaining traction. It is an interesting currency concept which is gaining traction. Hopefully we will be able to trade it in a professional manner soon

BBG Help: Great, we will add your inquiry to the request so you will be notified should it be implemented.

12  Bitcoin / Press / 2013-04-03 - The Fly on iBankCoin: Bitcoins look out below on: April 04, 2013, 08:08:21 AM
His video blog.... he called for a doubling of the price at the start of the year.... now he thinks the run up is way overdone....
13  Economy / Securities / Price of ASICMINER stock once it starts trading on: January 24, 2013, 02:12:44 AM
One of the most anticipated relistings of shares in bitcoinland must be that of ASICMINER

I am wondering what price people think the shares will be trading at now that the ASICMINER project was declared a succes by Friedcat and relisting of the shares is near (less than 1 month away)
14  Economy / Computer hardware / [WTS - Sold] 3 X 5830 & 2 X 6950 on: September 01, 2012, 02:35:46 PM
I have the following GPUs for sale:

1 XFX Radeon HD5830            
2 Sapphire HD5830            
2 ASUS HD6950   (unlocked locked shaders, never tried to either)

They have all been mining for just over a year (bought them July 2011, stooped mining 1st week of August this year)  and all of them are still working

I'm looking to sell them as a package, not one by one (shipping costs)

For the BTC equivalent of $ 550 they can be yours, S&H will be paid by me (unless I have to ship them to a country I have never heard of, then I have to look into the shipping rates first  Wink )

I have NO OTC rating as this is my first deal ever, so I will do escrow            

edit: how can my 6950s be unlocked when I have never tried  unlocking them.... so They are still 6950s with LOCKED shaders
15  Bitcoin / Bitcoin Discussion / Chase Bank to offer deposits for MTGox on: October 17, 2011, 05:03:58 PM

How Does It Work?
Once you upgrade to a verified Mt.Gox account, simply walk into any Chase branch and fill out a Chase deposit slip with the following information:

1. The deposit date.
2. The customer name, being "Mt.Gox".
3. Your Mt.Gox customer account number - "MTG#####X" (E.g. below)
4. Your signature.
5. The Mt.Gox Chase account Number, accessible via the Mt.Gox Add Fund page.
6. Your total deposit amount in USD.

Making Bitcoin access easier !
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