Latest Developments Thread

[notme]

All these FT links are paywall blocked, possible to do a little cut & paste .... ?

Is it possible you could google the article title to get around the paywall? (Hint: yes)

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[T.Stuart]

http://www.prweb.com/releases/2014/1/prweb11468131.htm

Rivalhost Bitcoin offer for hosting package

[T.Stuart]

LOL:

Wells chief executive John Stumpf said it was the bank’s practice to examine financial innovations.
“We have made enormous investments as a company and as an industry in a payments system that is secure, and we need to be sure we are up to speed with what other things are going on and their risks and rewards,” he said.

So basically we don't want to fund a future competitor to us!  lol

"But we are going to have to do it quickly because it looks like we were caught with our pants down..."

[Ducky1]

http://www.zerohedge.com/news/2014-01-14/marc-faber-warns-bubble-could-burst-any-day-prefers-physical-gold-bitcoin

The "bubble" is not bitcoin but financial assets.

[T.Stuart]

http://www.abc.net.au/news/2014-01-15/virtual-money-brings-real-rewards-and-reservations/5202040

..."last year it was briefly worth more than gold..."

Still is. Much more! 

[John999]

For the bulls 

http://www.wired.com/wiredenterprise/2014/01/chrisdixon/

[T.Stuart]

http://www.forbes.com/sites/benkepes/2014/01/15/bitcoin-breaks-out-you-can-now-pay-the-irs-in-cryptocurrency/

Bitcoin Breaks Out, You Can Now Pay the IRS in Cryptocurrency

Slightly misleading title perhaps but what the hell! 

[T.Stuart]

http://www.coindesk.com/uk-tax-authority-hmrc-reclassify-bitcoin-private-currency/

Very interesting indeed for Brits.

And I agree with the assessment of TMF Global. Classifying Bitcoin as private money would fit Conservative government policy nicely... And make the City of London a competitive Bitcoin hub! 

[T.Stuart]

http://qz.com/167817/someones-refrigerator-just-took-part-in-a-malicious-cyberattack/

Fridges being groomed into botnets.

Only a matter of days before these fridge botnets begin mining bitcoins.

It's a bonus for the botnet controllers because then they could put the coins directly into cold storage. He he ... Ha ha... Ho ho ho!!! 

[T.Stuart]

http://www.stockhouse.com/opinion/independent-reports/2014/01/16/how-washington-is-ruining-recovery

"This is necessary from the vantage point of the hedge funds who need a dull, uneventful market in order to quietly build a substantial position. Don't be surprised, then, if Bitcoin posts an underwhelming performance for a while."

I give you exactly 1 week hedge funds! 

[seleme]

The Sacramento Kings basketball team will become the first major professional sports franchise to accept bitcoin in return for its products, marking a symbolically important step in the virtual currency's bid to achieve mainstream acceptance.

"The way I saw it, bitcoin had reached a tipping point where it had crossed from being a curiosity to a becoming a legitimate form of doing commerce," said Sacramento Kings owner Vivek Ranadivé, explaining his decision to allow payments in the virtual currency. Mr....

http://online.wsj.com/news/articles/SB10001424052702304603704579323352532979922?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304603704579323352532979922.html

[T.Stuart]

http://www.ibtimes.co.uk/hmrc-re-classify-bitcoin-private-money-1432718

HMRC in Great Britain IS re-classifying Bitcoin as private money, setting up the City of London as a future leading hub of the Bitcoin world!!

[Buffer Overflow]

http://www.ibtimes.co.uk/hmrc-re-classify-bitcoin-private-money-1432718

HMRC in Great Britain IS re-classifying Bitcoin as private money, setting up the City of London as a future leading hub of the Bitcoin world!!

Excellent news. Though don't expect banks to play nicely with Bitcoin businesses.

[MatTheCat]

http://www.ibtimes.co.uk/hmrc-re-classify-bitcoin-private-money-1432718

HMRC in Great Britain IS re-classifying Bitcoin as private money, setting up the City of London as a future leading hub of the Bitcoin world!!

The green shoots of spring are everywhere to be found, yet the almighty Karhu dances all over the top of them just the same.

Give up thy Bitcoins



Seek ye refuge in thee alms of Karhu

$785, a significant bid wall on Bitstamp has been struck, I aint trying to trade it though cos things are far too tight to compete with the bots whose programs are telling them the market is going down....Grind down to $765 is next, and when that falls, then it will be the low $700s, hopefully with a bit of volatility so I can trade fruitfully amongst the bots.

[T.Stuart]

http://www.ibtimes.co.uk/hmrc-re-classify-bitcoin-private-money-1432718

HMRC in Great Britain IS re-classifying Bitcoin as private money, setting up the City of London as a future leading hub of the Bitcoin world!!

The green shoots of spring are everywhere to be found, yet the almighty Karhu dances all over the top of them.

Give up thy Bitcoins



Seek ye refuge in thee alms of Karhu

$785, a significant bid wall on Bitstamp has been struck, I aint trying to trade it though cos things are far too tight to compete with the bots whose programs are telling them the market is going down....Grind down to $765 is next, and when that falls, then it will be the low $700s, hopefully with a bit of volatility so I can trade fruitfully amongst the bots.

That's a good idea! Wheel Karhu out again! He'll turn this thing around for us! LOL 

[Ducky1]

Lawyer for Winkelvoss Twins’ Bitcoin ETF Says SEC Review Going Smoothly
http://blogs.wsj.com/moneybeat/2014/01/17/lawyer-for-winkelvoss-twins-bitcoin-etf-says-sec-review-going-smoothly/

[John999]

The translation of the french senate hearing this week

http://www.google.com/translate?hl=en&ie=UTF8&sl=fr&tl=en&u=http%3A%2F%2Fwww.senat.fr%2Fcompte-rendu-commissions%2F20140113%2Ffin.html

[T.Stuart]

http://www.forbes.com/sites/kellyphillipserb/2014/01/17/uk-bows-to-pressure-likely-to-reverse-course-on-taxation-of-bitcoin-will-the-us-be-next/

“… Indications are the HMRC would also make Bitcoin subject to the capital gains tax (CGT) but allow an exemption for those who hold onto them for more than a year (the equivalent of an extremely, extremely favorable long term capital gains rate). Other taxes would likely not apply.”

Love it, just love it!!!

The UK is going to reward HODLERS handsomely!!!  Ha ha ha!   

[T.Stuart]

http://www.theepochtimes.com/n3/458540-bitcoin-is-poised-to-shake-the-world-are-you-paying-attention/

Bitcoin is Poised to Shake the World: Are You Paying Attention?

He he! 

[T.Stuart]

http://www.pfhub.com/porn-could-be-set-to-catapult-bitcoin-into-mainstream-adoption-306/

Some more catapulting into the mainstream about to happen.