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  • October 26, 2014
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  1. Business - Companies

    United States tech firm sued over problems in delivering bitcoin machines

    Posted Sep 26th 2014, 05:09am by AP

    ... Associated Press in Kansas Tech firm sued over bitcoin problems A company that offered bitcoin-generating computers is being sued by the US Federal Trade Commission (FTC), which said ... reported. Bitcoins are a virtual currency that have gained traction as a way to buy and sell some goods and services instead of using government-issued money. They are created by computers set up ...

  2. Business - Banking & Finance - CURRENCIES

    Britain eyes Bitcoin, rivals, with virtual currency rules

    Posted Aug 06th 2014, 12:30pm by Reuters

    ... Reuters in London UK eyes bitcoin rules as part of innovation push Britain took its first steps yesterday towards regulating the rapidly expanding use of virtual currencies, launching a study to look at the opportunities and risks presented by digital currency bitcoin and its rivals. The announcement came in a package of measures unveiled by finance minister George Osborne ...

  3. Business - Banking & Finance

    Bitcoin breaking into mainstream with companies and consumers

    Posted Sep 26th 2014, 05:09am by Bloomberg

    ... Bitcoin goes mainstream Earlier this year, Mary Fons joined the bitcoin economy. She uses the digital currency to buy gift cards and office supplies. Her partner reimburses Fons with bitcoins ... on public television. "Why bitcoin?" she said. "Because I want to have options. I think it's a beautiful thing open to everyone." Fons has company. People worldwide have ...

  4. Business - Companies - CYBER-CURRENCIES

    Ex-convict cum bitcoin evangelist calls the rich to island paradise

    Posted Jun 17th 2014, 05:13am by Bloomberg

    ... Bloomberg in Tokyo Bitcoin evangelist's website offers new passport and near-zero taxes with swipe of a smartphone Millionaire ex-convict calls the rich to island paradise He is known as Bitcoin Jesus in the world of cyber-currencies. Though he cannot promise you heaven, he is offering a haven: a condominium in the Caribbean that comes with a new passport and almost zero taxes. ...

  5. News - China - VIRTUAL CURRENCY

    Hundreds attend China's first bitcoin summit, defying Beijing's warning

    Posted May 11th 2014, 05:25am by DANNY LEE

    ... Danny Lee in Beijing danny.lee@scmp.com China bitcoin summit defies Beijing Several hundred people defied the central government's bitcoin crackdown by attending China's first ... of digital currencies in the mainland. "Thailand has already banned bitcoin, so has Russia. But who cares if China bans it as long as everyone knows the whole world can't ban it," Li ...

  6. Business - Banking & Finance - VIRTUAL CURRENCY

    Chinese bitcoin firms plan to go offshore to sidestep crackdown

    Posted May 12th 2014, 11:42am by DANNY LEE

    ... Danny Lee in Beijing danny.lee@scmp.com Digital currency firms plan relocation and offshore banking to avoid mainland crackdown Bitcoin traders will go overseas to sidestep rules Chinese bitcoin businesses are drafting plans to escape the mainland crackdown on the digital currency, the South China Morning Post has learned. China's biggest bitcoin exchange, Huobi, ...

  7. Business - Banking & Finance

    Bitcoin exchange skirts ban by banks

    Posted Apr 17th 2014, 01:09am by Reuters

    ... Reuters in Shanghai Currency exchange installs physical bitcoin ATM in Shanghai tech park Bitcoin machineskirts ban by banks BTC China, one of the country's leading digital currency exchanges, has installed the mainland's first bitcoin ATM and launched an online app allowing individuals to buy and sell bitcoins using mobile phones, skirting local banking regulations seen ...

  8. Business - Banking & Finance - FINANCE

    US slaps tax on bitcoin as IRS deems it to be 'property'

    Posted Mar 27th 2014, 01:21am by SHIRLEY ZHAO

    ... Shirley Zhao shirley.zhao@scmp.com HK urged to take firm position on bitcoin tax Hong Kong should have a clear stance on regulating the bitcoin virtual currency and whether it should ... to determine if a transaction caused a foreign currency gain or loss under US tax law. On the same day, Denmark announced that gains or losses from bitcoin trading were not subject to taxation. Watch: ...

  9. Business - Banking & Finance - UNITED STATES

    Media frenzy in US after Newsweek says it tracked down bitcoin's creator

    Posted Mar 07th 2014, 11:04am by McClatchy-Tribune

    ... McClatchy-Tribune After car chase, Japanese American identified by Newsweek issues denial Report naming bitcoin's creator triggers frenzy The day started with a possible answer to one of the digital era's greatest mysteries: who created the bitcoin virtual currency that has become a multibillion-dollar global phenomenon? From there, with the revelation by Newsweek magazine ...

  10. Business - Banking & Finance - bitcoin

    Mt Gox exchange shutdown sparks Chinese bitcoin gold rush

    Posted Feb 26th 2014, 11:32pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Exchange closure sparks bitcoin rush Chinese investors rushed to buy bitcoin, seeing it as potentially undervalued, after the value of the virtual currency fell following the shutdown of the Mt Gox bitcoin exchange this week. Since Tuesday, more than 30,000 bitcoins have changed hands in China. That's four times the usual trade volume, ...




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