IRS Declares Bitcoin Is Property and Must Be Taxed As Such

IRS Declares Bitcoin Is Property and Must Be Taxed As Such

With April 15 looming, plenty of bitcoin barons have been wondering how to treat their newfound crypto-fortunes. Does it count as capital gains? Is it taxed like a currency? Is it taxed at all? Well, on Tuesday, the Internal Revenue Service announced definitively that Bitcoin is property and much be taxed as such.

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You Get A Bitcoin ATM, And YOU Get A Bitcoin ATM…

As news that 400 Bitcoin ATMs may soon be gracing the byways and highways of Dubai, it’s interesting to note the rise in actual cryptoATM activity in recent months and what exactly is happening in this space. Read More

Bitcoin exchange Vircurex freezes customer withdrawals

Bitcoin has had a bit of a rough time the last few months. The virtual currency was soaring in popularity until one of the major Bitcoin exchanged stopped withdrawals back … Continue reading

Appy Geek 4.0 Launched, $2,000 Bitcoin Sweepstakes Announced

Appy Geek 4.0 Launched, $2,000 Bitcoin Sweepstakes AnnouncedIf you love reading news while on the go, chances are you probably have several news-related apps on your smartphone. There are plenty of ways to curate news, such as Flipboard, Zite (before it was acquired by Flipboard), Appy Geek, and so on. The good news is that if you’re an avid Appy Geek user or if you needed a reason to use Appy Geek, how does $2,000 worth of Bitcoin sound to you?

The folks at Appy Geek have recently shot us an email letting us know that the latest version of Appy Geek – version 4.0 – is now live, and to commemorate the launch, they will be holding a Bitcoin Sweepstake around it that users will be able to enter. As we have said earlier, there will be a chance that you could walk away with $2,000 worth of Bitcoin. (more…)

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  • Appy Geek 4.0 Launched, $2,000 Bitcoin Sweepstakes Announced original content from Ubergizmo.

        



    BitTorrent app FrostWire bakes Bitcoin into downloads

    BitTorrent and cloud downloader app FrostWire has become the first open source torrent app to tie the distributed download system with Bitcoin, using the Canadian band ‘Aint No Love’ as … Continue reading

    What Bitcoin Would Have Been Like If It Existed in the 90s

    Bitcoin! It’s wild! It’s crazy! It’s all the rage! But what if instead of bubbling up to the surface and making waves here in the twenty-teens it had gotten popular way back in the 90s? Well, it would have looked a little something like this.

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    Bitcoin Software Fixed to Avoid Another Mt. Gox

    Bitcoin Software Fixed to Avoid Another Mt. Gox

    In a bid to avoid another Mt. Gox , the software which drives Bitcoin transactions on the Internet has been updated to fix the weakness which contributed to digital vault’s downfall.

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    Mt. Gox finds 200,000 bitcoins in forgotten wallet

    You might think a bitcoin exchange that was doing as much business at Mt. Gox was at one time would have a system in place that would allow it to … Continue reading

    Mt. Gox Found Over $100 Million In Bitcoin In a Random Wallet

    Mt. Gox Found Over $100 Million In Bitcoin In a Random Wallet

    Bitcoin is big money. When Mt. Gox went belly up , hundreds of millions in bitcoin up and disappeared. Now, the troubled exchange just happens to have stumbled into 200,000 ‘coin it thought was lost, or roughly 116 million dollars.

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    KnCMiner Sells $2 Million Worth Of Scrypt Mining Machines In Four Hours

    KnCMiner, one of the few cryptocurrency miner companies that tend to ship product, has announced that they sold $2 million worth of their scrypt mining Titan rigs in four hours, a new record for the company. Read More