Canadian Revenue Agency: Bitcoin Considered as Foreign Fund or Property for Taxes

The Canadian Revenue Agency recently stated in section 233.3 of the Income Tax Act that bitcoin and other digital currencies are considered “specific foreign properties” and are to be treated as foreign funds or intangible properties. The rules of the Income Tax Act document states that foreign properties including bitcoin that exceeds the value of […]

San Francisco Federal Reserve Director Warns Community Banks about Bitcoin Risks

Wallace Young, the director of the Federal Reserve Bank of San Francisco, has published an article suggesting community banks should be cautious about Bitcoin firms and consumers. He also pointed out the digital currency’s pros and cons. “Caution is appropriate,” Young said. “Bankers should carefully weigh the pros and cons of extending any loan secured […]

BNP Paribas Testing Plans to Add Bitcoin to its Currency Funds

France’s biggest bank BNP Paribas is reportedly testing the idea of adding bitcoin to one of its currency funds, a source at the bank told International Business Times UK. The unnamed source said that BNP Paribas has been doing “beta testing” involving cryptocurrency, and the official announcement could come in the near future. A spokeswoman for BNP Paribas […]

NewsBTC Announces Expansion into Central American Region

Popular Bitcoin news and analysis platform has announced expansion into Central America, a territory which consists of seven countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. The announcement has surfaced as the part of NewsBTC’s global expansion plans, a step that enables it to become a multilingual Bitcoin news platform. The […]

DigitalBTC Buys $10.1M in Bitcoin While Running Loss of $1.2M

In this year’s second quarterly report, Australian firm DigitalBTC says that it has put up $1.2 million in losses, bringing the total losses for the year to $2,744,000. Despite this, the company has purchased a total of over $29.6 million in bitcoins this year, with $10,116,000 of that being in this quarter. The bitcoins are […]

Bitcoin On The March: BNP Paribas Tests Bitcoin On a Currency Fund

Bitcoin continues to push deeper into mainstream currency trading with BNP Paribas, France’s largest bank. The bank is testing bitcoin for one of its currency funds, according to International Business Times UK. A source at BNP Paribas told IBTimes UK the bank has been “beta testing” crypotocurrency with one of the bank’s currency funds in […]

Top Bitcoin Gambling Brands Get Extra Boost from CoinPoint’s Expertise

Top and emerging brands rely on CoinPoint’s expertise in the Bitcoin gambling niche to help them reach their target goals on the cryptocurrency gambling market. The premier Bitcoin media and marketing agency is the answer to the concerns and dilemmas of Bitcoin casinos and gambling sites aiming to be ahead of the competition. With enough […]