http://news.yahoo.com/accused-bitcoin-exchanger-loses-bid-narrow-criminal-charges-035038185--sector.htmlNEW YORK (Reuters) - A Florida man accused of engaging in a scheme to sell more than $1 million in bitcoins to users of the illicit online marketplace Silk Road on Tuesday lost a bid to narrow his criminal case. Robert Faiella, 54, who prosecutors say was an underground exchanger of bitcoins, had urged a New York federal judge to dismiss one of two counts against him, operating an unlicensed money transmitting business, because bitcoins are not money.
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http://www.coindesk.com/new-sentiment-index-tracks-public-opinion-bitcoin/CoinDesk is pleased to announce the launch of its new Bitcoin Sentiment Index (BSI), which goes live at 15:00 (BST) today. The BSI is a measure not of the value buyers and sellers place on their bitcoin, but whether individuals feel the digital currency’s prospects are increasing or decreasing at any given moment.
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http://techcrunch.com/2014/08/18/blocktrail-secures-cash-for-its-bitcoin-transactions-analysis-platform/Competing with Blockchain.info and Blockr, the platform hopes to surface information about cryptocurrency transactions by creating dedicated tools for the analysis of network and economic data. The startup is aiming at institutional and governmental customers to pay for the data, but also developers who can use its soon-to-launch API. The team includes developers from bitcoin data company Vircu, which BlockCorp acquired.
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http://www.coindesk.com/cfpb-warning-ignores-bitcoins-consumer-protections/Citing malicious hackers, potentially high mark-up fees, exchange-rate volatility, lack of governmental insurance, and risk of private key loss is laudable given that so few market participants conduct proper due diligence before jumping in to a new alternative. The majority of companies involved in the bitcoin ecosystem have been highlighting these risks for years.
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http://cointelegraph.com/news/112287/bitcoin-atms-boom-canadas-big-aspirations-first-btm-in-bulgaria-and-moreMore and more Bitcoin ATMs are popping up in various locations all over the world. If you have to cash out your Bitcoin whenever you need to spend it, these machines make it easy to do so, while giving investors opportunity to develop a profitable infrastructure and giving merchants a first-adopter advantage. New Skyhook ATM in Atlanta A new Bitcoin ATM machine was placed in Atlanta at The Goat Farm, Warhorse Café. It is produced by Skyhook, which hopes to continue its mission of providing small-scale bitcoin entrepreneurs with the means to establish ATMs and create grassroots-level exchange locations, as the company wrote:
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http://www.coindesk.com/europe-inches-towards-decision-bitcoin-vat/VAT on profits from bitcoin exchanges Cryptocurrencies are so new that few member states have worked out how to interpret the VAT rules for them. Belgium, Croatia, Cyprus, the Czech Republic, Greece, Hungary, Ireland and Italy haven’t decided whether to charge bitcoin exchanges VAT on the service that they provide. Latvia, Luxembourg, Malta, Portugal, Romania and Slovakia have no regulations on the matter either.
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http://blogs.wsj.com/moneybeat/2014/08/13/bitbeat-so-much-for-that-boring-bitcoin-market/Ever since Monday, bitcoin has been under pressure, and today the floor got pulled out from under it. At one point, Coindesk’s Bitcoin Price Index got as low as $524.33, down 7.7% from Tuesday’s close. It has since rebounded a bit and is now off “just” 4.1%, but that kind of whiplash is discomforting to anyone who’d bought into the thesis that the digital currency was starting to exhibit the stability that would bolster its appeal as a medium of exchange. People tend not to like currencies whose exchange rates swing like this, not when its’ a frequent event.
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http://www.thehindu.com/business/Industry/bitcoin-startup-unocoin-gets-overseas-funding/article6321677.eceNotwithstanding the uncertainty surrounding the future of Bitcoins, the digital currency, particularly in the wake of Reserve Bank of India's (RBI) December 2013 public advisory over risks involved in dealing with virtual currencies, Unocoin, a Bitcoin start-up from Karnataka, has received $250,000 investment from an overseas venture capitalist. Unocoin, with offices in Bangalore and Tumkur, has been providing Bitcoin trading, storage and merchant processing to the public since December 2013.
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http://www.coindesk.com/bangladesh-becomes-bitcoin-foundations-first-asian-affiliate/“Our mission is to help people utilize the best solutions to help make their life easier,” the group’s website states. While there are plenty of great opportunities in the marketplace, it continues, the right approach is needed to deliver the bitcoin message to that part of society who need its answers most. Bitcoin has the potential to dominate the entire payments industry, it adds.
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http://moneymorning.com/2014/08/15/check-out-how-many-overstock-sales-are-done-using-bitcoin/The Utah-headquartered online retailer began accepting the virtual currency as payment for items bought on its website in January. Year to date, the company has booked more than $2 million in sales made with bitcoins. That amounts to a modest one-quarter of 1% of Overstock's total sales. But, Bitcoin purchase totals tend to be significantly higher than sales paid via more traditional methods of payments, such as credit cards, gift cards, or PayPal. The average size of an Overstock Bitcoin order is $240 compared to $165 for regular purchased items.
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http://variety.com/2014/digital/news/dish-paid-in-bitcoin-by-filmmakers-to-promote-documentary-about-bitcoin-1201283890/This week, Dish accepted Bitcoin as payment from Austin and Beccy Craig, who produced and star in indie documentary “Life on Bitcoin,” covering the first 101 days of their marriage paying exclusively for products and services with Bitcoin. The docu does not currently have any distribution partners. The Craigs, who live in Provo, Utah, signed up for the Dish America’s Top 250 package, with 290 channels, priced at $79.99 per month. That’s the equivalent of 0.163137 in Bitcoin as of Friday afternoon, per exchange website CoinDesk. (That excludes set-top/DVR fees and other charges.)
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http://www.afr.com/p/technology/online_retailer_lauds_value_of_bitcoin_zSv32t93xRJJmlLmTmNCjOUS online retailer Overstock.com’s sales through bitcoin are expected to add US4¢ per share to its earnings this year, the online retailer’s chief executive, Patrick Byrne said. Bitcoin sales at Overstock, which started accepting this type of currency as payment for items on its website in January this year, have exceeded $US2 million so far, or about one-quarter of 1 per cent of total sales.
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http://www.slashgear.com/ebay-tipped-to-be-considering-bitcoin-adoption-15341301/It seems that cryptocurrency will really be here to stay, especially if retail giants start taking it seriously. According to insider sources, eBay is in talks with various Bitcoin exchanges, seeking to integrate this new kind of currency into its existing Braintree payment system, opening the doors to paying for popular services like Uber using intangible money.
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