http://www.coindesk.com/spain-cracks-bitcoin-gambling-loopholes/The Spanish government agency that oversees matters of finance and taxation has issued a new ruling stating that bitcoin should be treated as an electronic payment system, a decision that could have a far-ranging impact on Spain’s bitcoin economy. El Ministerio de Hacienda y Administraciones Públicas issued the ruling in response to questions from Coinffeine, a Spain-based, open-source bitcoin exchange platform. Abanlex, the company’s law firm, had previously reached out to both El Ministerio de Hacienda and the country’s Congress seeking clarity on two issues in April.
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http://www.investing.com/news/forex-news/bitcoin-slides-after-failing-to-close-above-the-$490-level-309094 According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency slipped 0.34% to trade at $475.91. Prices of the virtual currency remained supported after EBay announced on September 8 that Braintree, the company’s payment processor unit, would begin accepting Bitcoin in the “coming months.”
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http://www.coindesk.com/financial-planning-association-boost-portfolio/An industry group representing certified financial planners has found that bitcoin can be a beneficial addition to investor portfolios. In the new report, the Financial Planning Association (FPA) asserted that for many investors, bitcoin represents a potential opportunity that could both diversify and boost the efficiency of a portfolio.
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http://www.coindesk.com/coinbase-launches-bitcoin-buying-selling-13-european-countries/Coinbase has announced its first expansion beyond the US market, launching bitcoin buying and selling services in 13 countries across Europe. With the beta launch, Coinbase will now allow consumers in Austria, Belgium, Cyprus, Finland, France, Greece, Italy, Latvia, Malta, the Netherlands, Portugal, Slovakia and Spain to buy and sell up to €500 in bitcoin per day.
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http://qz.com/262477/hacker-breaks-into-bitcoin-founders-email-account-and-promises-to-expose-him/Wired magazine reported on Tuesday that the personal e-mail account belonging to the elusive Bitcoin founder, Satoshi Nakamoto, had been hacked. The hacker, who said his name is “Jeffrey,” said he has sensitive information that could reveal Nakamoto’s identity and, for a price, would release documents. He asked for 25 bitcoins (BTC)—worth roughly $12,000—to be sent to a specific BTC address.
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http://www.investing.com/analysis/how-far-can-bitcoin-fall-225260Bitcoin hit the lowest price in September so far yesterday, reaching a low of $456.30, and then an immediate recovery to $470.77 took place. However, the move lower has been sustained and the current price is nearer to monthly low posted yesterday. At present, there is a weak downward trend at the hourly timeframe and seems to be testing the $464 support level. A downward move past this support could see the next support at $454.37 tested as well. In the event of an upward swing, the $470.80 and $480.96 levels will provide resistance.
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http://deadline.com/2014/09/bitcoin-documentary-rise-and-fall-of-bitcoin-gravitas-release-831488/Ben Bledsoe, Patrick Lope, and Mross produced the film and debuted it at this year’s Tribeca Film Festival. Gravitas is plotting a limited NY/LA theatrical release on October 3 followed by a VOD/iTunes debut a week later. The film also will screen in Cleveland at the Cedar Lee Theatre in Cleveland Heights, AKA Bitcoin Boulevard US, home to the country’s first organized bitcoin merchant community.
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http://www.theregister.co.uk/2014/09/07/former_bitinstant_ceo_pleads_guilty_to_moneylaundering_charge/Former Bitcoin Foundation chair and BitInstant CEO Charlie Shrem has entered a guilty plea on charges that he operated an illegal currency trading operation, and will fork out nearly a million dollars to the US government, in a deal that avoids a trial that was due to start on September 22. Shrem, who resigned his position at the Bitcoin Foundation in January following his arrest, has owned up that not only did he process transactions on behalf of the now-defunct Silk Road, but that he knew the online marketplace was a haunt of drug dealers.
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http://www.diplomaticourier.com/news/topics/economy/2359-future-funds-the-latest-on-bitcoin-and-cryptocurrencyDecentralized, virtual, and anonymous—cryptocurrencies continue to grow in use and in popularity. Bitcoin, the first of its kind to achieve notoriety, was created in 2009 by an unknown person with the alias Satoshi Nakamoto. Transactions occur instantaneously through mobile apps or computers, thereby avoiding banks, credit card companies, and miscellaneous fees. Bitcoin boasts a market cap of about $8,000,000,000—considering the 13 million bitcoins in circulation, the value works out to over $500 each. In the past year, the number of bitcoin transactions per day has ranged from 40,000 to 100,000. Due to the anonymity and scope of the bitcoin economy, policymakers and corporations are beginning to take notice.
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http://cointelegraph.com/news/112456/british-hacker-pleads-guilty-to-blackmailing-lloyds-bank-for-bitcoinLewys Martin, a 22 year old “hacker”, who was threatening to expose personal data of 28,000 customers of Lloyds Bank, pled guilty at Southwark Crown Court on September 3, 2014 to blackmail, possession of articles for use in fraud and possession of indecent images of children. Little is actually known about the defendant, except that he had previously lived in Deal in Kent. The case was originally reported to police by the Lloyd’s Banking Group and The Sun newspapers, both of whom claimed that they were being blackmailed by someone who had obtained the bank account details of approximately 28,000 of their customers.
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http://cointelegraph.com/news/112440/indonesian-and-filipino-startups-striving-to-bring-bitcoin-to-the-massAs Singapore is emerging as a regional Bitcoin hub and attracting more and more venture capital investments from the West, its neighbors, Indonesia and the Philippines, are following the city-state's pace and initiating ambitious projects striving to bring Bitcoin to the locals. Bitcoin now available in 10,000 Indonesian convenient stores Indonesia's leading Bitcoin exchange Bitcoin Indonesia recently announced a partnership with payment processor iPaymu, the largest chain of franchised convenient stores in the country. The deal will enable residents to buy bitcoins over the counter at over 10,000 'Indomaret' convenience stores.
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http://www.coindesk.com/gallery-inside-top-bitcoin-mine-china/Once the pursuit of hobbyists with powerful CPUs (and later GPUs), mining is now a highly competitive business performed on an industrial scale. But what is life like inside one of these power guzzling giants? Blogger Bitsmith found out first-hand on a trip to a one of the world’s biggest facilities at a mystery location in China. Check out the scenes he witnessed in the gallery below:
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