Car dealership sells Tesla Model S for bitcoin

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Car dealership sells Tesla Model S for bitcoin

By coindale on Saturday, December 7th, 2013 | Comments Off

Lamborghini of Newport Beach announces that they’ve sold a used Tesla Model S for bitcoin. According to the Launch ticker, the price was 91 BTC.

Merrill Lynch / BofA release report on bitcoin

By coindale on Friday, December 6th, 2013 | Comments Off

MerrillLynch / Bank of America have released a report on bitcoin. Key points from their intro: Tamper-proof, limited supply and divisibility – “We believe Bitcoin can become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money transfer providers. As a medium of exchange, Bitcoin has clear potential […]

Etsy and WordPress.com now accept bitcoin

By coindale on Friday, December 6th, 2013 | Comments Off

Two more household names are now accepting bitcoin. WordPress.com, the engine behind millions of websites, now accepts bitcoin as payment for hosting fees. According to a blog post by Andy Skelton on the WordPress blog, “At WordPress.com, our mission is making publishing democratic — accessible and easy for anyone, anywhere. And while anyone can start […]

Forbes: The tricky business of taxing bitcoin

By coindale on Wednesday, December 4th, 2013 | Comments Off

“While the Federal Reserve gave tacit approval, stating ‘virtual currencies like bitcoin have legitimate uses and should not be banned,’ the IRS has not yet issued tax guidance. Despite the lack of guidance, income from bitcoin transactions must be reported.” Read more. Via Forbes – link

Guardian: Nine bitcoin alternatives

By coindale on Tuesday, December 3rd, 2013 | Comments Off

“Bitcoin’s recent meteoric rise in value to over $1,000 has shone the spotlight on alternative currencies, but bitcoin is not the only new digital currency vying for relevancy in 2013. Like bitcoins most of these currencies are mined by computers solving hard mathematical problems. The “coins” do not exist physically, of course, as the currencies […]

Bitcoin: From joke to “I don’t know”

By site admin on Sunday, December 1st, 2013 | Comments Off

Joel Weisenthal in Business Insider writes “I’m changing my mind about Bitcoin. I used to think it was a joke or at best a currency for clowns. Now, I no longer think that. Now, I don’t know what its future is.” Thoughtful article and worth a read: http://www.businessinsider.com/im-changing-my-mind-about-bitcoin-2013-12#ixzz2mGbX5PWV

Hi Mom, Send Bitcoin

By site admin on Saturday, November 30th, 2013 | Comments Off

On today’s ESPN College Gameday. Apparently, taking dirty laundry home is now passe. Update: It looks like the stunt netted the student over 22 BTC (over USD$22,000 currently) according to The Verge. Update 2: The image used in the story on The Verge is a possible scam. According to this thread on Reddit, the QR code […]

Bitcoin Black Friday: How to use virtual currency to buy real gifts

By site admin on Saturday, November 30th, 2013 | Comments Off

“As holiday deal-hunters pack the stores on Black Friday, a new breed of tech-savvy shopper will be at home, anonymously buying gifts with bitcoin. Yes, the digital currency, the price of which broke above $1,000 for the first time on Wednesday, can be spent on many things besides black market drugs and other contraband, with which it’s been notoriously […]

Bitcoin primer

By site admin on Tuesday, November 19th, 2013 | Comments Off

If you’re just getting up to speed on all of the buzz that has cranked up around Bitcoin in particular (or cryptocurrency in general), Timothy B. Lee over at The Washington Post has put together a solid primer called “12 questions about Bitcoin you were too embarrassed to ask.” In it, Lee covers answers to […]

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