Investors breathe sigh of relief at Scottish vote

Sep 20, 2014

Investors breathe sigh of relief at Scottish vote

Scotland’s decision to reject independence from the United Kingdom gave British markets a short-term lift Friday but worries over future constitutional changes kept a lid on the relief rally. The No campaign won 55.3 percent of the votes cast in Thursday’s referendum against 44.7 ...

Jun 17, 2014

Bitcoin faces biggest threat yet: a 'miner' takeover

The Bitcoin digital currency system is in danger of losing its credibility as an independent payment system because of the growing power of a group that runs some of the computers behind it. In recent weeks, a British-based “mining pool” called GHash has amassed ...

Mt. Gox workers challenged CEO

Mar 30, 2014

Mt. Gox workers challenged CEO

Two years before Mt. Gox filed for bankruptcy, a half dozen employees at the Tokyo-based bitcoin exchange challenged CEO Mark Karpeles over whether client money was being used to cover costs, according to three people who participated in the discussion. The question of how ...

IRS says bitcoin will be taxed like property

Mar 26, 2014

IRS says bitcoin will be taxed like property

Virtual currencies like bitcoin will be taxed in the United States like property — not currency, the Internal Revenue Service said Tuesday. The IRS says bitcoin is not legal tender. You can’t use it to pay your taxes. However, if you receive wages in ...

| Mar 21, 2014

Is bitcoin start of a financial revolution?

Bitcoin may not be the messiah of a new currency its hard-core fans yearn for, but it may herald the deeper financial revolution the Internet has been waiting for. While computers and smartphones have brought the Web to more than a third of the ...