A teenager in Virginia pled guilty to charges of helping ISIS use bitcoin to fund its operations. The tech-savvy teenager admitted to using social media under the handle @Amreekiwitness to provide the terror group with instructions on how to use the cryptocurrency. Ali Shukri Amin, 17, also offered guidance to Isis supporters seeking to travel to ISIS […]
A new US Treasury Department study reports that bitcoin could possibly be used to fund terrorism but that the actual risk posed remains uncertain.
Bitcoin’s security risk will “never be reduced to zero”, according to a report released by insurance provider Lloyd’s today.
A political action committee pushing for US Vice President Joe Biden to seek the presidency has announced it will accept bitcoin donations.
During his talk at IDX Derivatives Expo in London, Alex Batlin, UBS Bank’s chief Information officer for innovation (CIOI) shed some light on what the financial institution has been working on in their innovation lab: smart-bonds on the Bitcoin blockchain. International Financing Review Asia (IFR Asia) reported that the smart-bonds were described by Batlin as […]
Bitcoin Association Switzerland reports that, according to the Swiss Federal Tax Administration, no VAT applies to bitcoin in Switzerland. The transfer of bitcoin doesn’t constitute delivery of goods or services, and therefore it’s not subject to VAT. “This is the most reasonable way to classify bitcoins in the context of VAT, and we are fortunate […]
Bitcoin users do not have to pay value added tax (VAT) on bitcoin in Switzerland. The Swiss Tax Administration (ESTV) has announced there will be no VAT on bitcoin transactions, according to Bitcoin Association Switzerland. The news brings hope not only to bitcoin users in Switzerland, but worldwide. Switzerland has a global reputation for financial […]
Symbiont is a company that aims to apply blockchain technology in making a quicker and safer system for transferring assets between buyers and sellers. In doing so, it could reduce the clearing and settling time for trading, paving the way for a more efficient and streamlined market. According to its statement on Tuesday, the company was […]
In Apple’s World Wide Developers Conference (WWDC), ShapeShift.IO CEO Erik Voorhes announced that the bitcoin app will now be available for download on the Apple’s app store. The app is available as an online exchange and API, allowing users to trade bitcoin with other assets from their iPhone. Unlike other existing apps for bitcoin payments like […]
California may have a wealth of tech-savvy entrepreneurs anxious to create new businesses. But the state’s lawmakers aren’t doing them any favors as they move forward on a virtual currency license that saddles businesses with fees, paperwork and uncertainties. Businesses would have to pay a non-refundable fee of $5,000 just to apply for the license from […]