• 100 Dutch Merchants to Receive Bitcoin Terminals in Startup-Led Giveaway

    Posted:Wed, 19 Nov 2014 22:35:12 +0000

    Bitpay POSBitPay has teamed up with Dutch startup BitStraat to launch Amsterdam Bitcoin City, a project aiming to establish Amsterdam as the 'bitcoin capital of the world'.

    In order to claim this prestigious title, BitPay and BitStraat have developed special bitcoin payment terminals, which they are giving away free to 100 brick-and-mortar stores throughout the Dutch capital.

    BitStraat, which serves as a middleman for bitcoin-accepting merchants and payment processors such as BitPay, was founded by Amsterdam residents Max Barendregt and Kasper Keunen.

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  • Bitcoin Foundation Pledges to Focus Solely on Core Development

    Posted:Wed, 19 Nov 2014 20:31:16 +0000

    Bitcoin Foundation

    The Bitcoin Foundation has announced that it will seek to wind down its education, outreach and public policy initiatives as it turns its focus to core development.

    The news coincided with the publication of three surveys conducted by the Bitcoin Foundation today that suggest that many community members, both inside and outside of the organization, wanted to see it adopt a stronger focus on core development.

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  • Bitreserve Seeks $10 Million Series B Through Crowdfunding Campaign

    Posted:Wed, 19 Nov 2014 20:05:30 +0000

    BitReserve

    Bitreserve is seeking to raise $10m in capital through a new crowdfunding initiative.

    The bitcoin storage platform, started by CNET founder Halsey Minor, has raised $7m so far, with 51 days to go on its crowdfunding campaign.

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  • Finland Classifies Bitcoin as VAT-Exempt Financial Service

    Posted:Wed, 19 Nov 2014 18:35:29 +0000

    Finnish regulators have classified bitcoin as a financial service, thus granting it VAT-exempt status.

    The Finnish Central Board of Taxes (CBT) judged bitcoin to be a financial service in ruling 034/2014, which states that bitcoin purchases qualify as “banking services” under the EU Value Added Tax (VAT) Directive.

    The ruling was issued after a court classified bitcoin as a payment instrument and sets Finland’s approach to the cryptocurrency apart from most European jurisdictions, which generally treat bitcoin as a commodity.

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  • Ethereum's Vitalik Buterin Wins World Technology Network Award

    Posted:Wed, 19 Nov 2014 16:52:57 +0000

    Vitalik Buterin has beaten Facebook’s Mark Zuckerberg to win the World Technology Network (WTN) award for IT software.

    Buterin, the developer of crypto 2.0 platform Ethereum and co-founder of Bitcoin Magazine, received the honour at the WTN's 2014 summit held at the Time & Life building in New York City. The event was organised in association with Fortune and Time.

    In addition to Ethereum, Buterin has been involved in a number of crypto projects over the years, including Dark Wallet and KryptoKit.

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  • New Research Links Bitcoin Price Spikes to Media Hype

    Posted:Wed, 19 Nov 2014 15:55:22 +0000

    A new research paper aims to understand bitcoin’s price fluctuations and usage patterns through empirical analysis. Notably, the work finds a positive link between media attention and the value of the cryptocurrency.

    “The rise of bitcoin has generated interest from the media and scientific community. However our knowledge of this innovation is still insufficient, particularly when examined from perspectives of finance and economics,” the study says.

    To address this gap, the researchers conducted two complementary empirical investigations. The first aimed to clarify the factors affecting the rate of return on investment in bitcoin, while the second examined the sales of merchants who have decided to accept bitcoin as a form of payment.

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