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BitGive Becomes First IRS Tax Exempt Bitcoin Charity

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The BitGive Foundation announced today that it has become the first nonprofit bitcoin organization to achieve 501(c)(3) status, meaning the Internal Revenue Service (IRS) officially recognizes it as a charitable organisation in the US. This means that any gains made by the foundation will not be taxed, thus directing more money to its supported causes. BitGive executive director Connie Gallippi told ... Read More »

Crypto 2.0 Roundup: Bitcoin’s Revolution Moves Beyond Currency

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Just when people were getting used to the idea that bitcoin might not be a boom-and-bust fad destined for failure, entirely new applications of the technology have joined digital currency on stage. Crypto 2.0 – also know as cryptography 2.0, decentralized applications, or, popularly, as bitcoin 2.0 – is the application of block chain or distributed ledger technology to things ... Read More »

Payza Introduces Bitcoin Buying Option in 190 Countries

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Global online payment processor Payza has announced it is now offering customers in 190 countries the ability to buy bitcoin via bank transfer. Payza took to its official blog to reveal the news, though this formal announcement followed preliminary tweets from both Payza business development consultant Charlie Shrem and the London and Montreal-based company itself. Payza first detailed its plans in ... Read More »

Bullion Dealer Amagi Metals to Stop Accepting Fiat Currency

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Precious metals and coin dealer Amagi Metals announced today it would stop accepting US dollars as a payment method at the end of 2016, saying it had “lost confidence” in the future value of the world’s most popular fiat currency. While several prominent retailers and dealers have joined the bitcoin ecosystem in 2014, and some businesses have always been exclusively ... Read More »

BTCTrip Now Accepts Litecoin and Dogecoin for Travel Bookings

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Travel agency BTCTrip has officially expanded its payment offerings to include litecoin and dogecoin. The online flight and hotel booking service was one of the first in its industry to serve the bitcoin community, launching in June 2013 as a cryptocurrency-focused alternative to sites such as Expedia and Travelocity. Speaking to CoinDesk, BTCTrip founder and CEO Martin Fernandez said that he ... Read More »

US to Cooperate with Japan in Mt Gox Investigation

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Pretty much everyone observing the Bitcoin space, whether a participant or a critic, is wondering what happened in the alleged Mt Gox hack. After months of silence from the US and Japanese authorities over that most thorny part of the Mt Gox saga, official cooperation has finally been sought from the Japanese authorities based on a bilateral treaty on mutual ... Read More »

Can the Bitcoin Market Sustain so Many Altcoins?

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Altcoins have been around for longer than you’d think, but it wasn’t until Bitcoin started making the news, and the price skyrocketed for anyone to start seriously considering altcoins. Litecoin took second place and has often been referred to as the silver to Bitcoin. Altcoins are created for any number of reasons, but are any of them here to stay? ... Read More »

Bitcoin Value Exhibits Volatility, Like Other Currencies

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The Bitcoin price, or to be more precise, the value of Bitcoin in relation to a particular fiat currency, has recently been falling. This may not necessarily be a bad thing. For too long, the ability of Bitcoin to function as a currency, has been somewhat restricted by tales of its success as an investment. The currency has, until recently, been a ... Read More »

Australians Have Paid $150,000 Worth of Bills Using Bitcoin

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Bitcoin in Australia has seen solid merchant-adoption in various cities, but one of the biggest problems of bitcoin mass adoption will always be paying for already institutionalized industries. Paying for student loans, internet service, phone service and public transportation are big obstacles in the way of the critical adoption levels Bitcoin-users crave. DISH has recently begun accepting Bitcoin as payment, ... Read More »