Korean Bitcoin Gambling Site Seeks Asian Customers

A new bitcoin gambling site has opened for beta testing, specifically targeting customers in the Asia region.Based in South Korea, Satoshinori.com is available in Korean, Japanese, Chinese, Vietnamese and English.It features an array of multi-player games including Seven Card Poker, Texas Hold-em and Matgo, plus simpler web based games like Rock Paper Scissors, Riding Ladder and Mine Sweeper. More are due to arrive in future.Aiming for professional...

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IRS: No Bitcoin Reporting Required for FinCEN Foreign Banking Tax Form

The US Internal Revenue Service (IRS) declared during a 4th June webinar that US taxpayers are not required to report bitcoin on Financial Crimes Enforcement Network (FinCEN) Form 114, a document also known as the Report of Foreign Bank and Financial Account (FBAR), for this year’s tax season.According to Bloomberg Bureau of National Affairs (BNA), a senior IRS program analyst remarked that taxpayers face no reporting requirements when filling out...

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Maturing Middle Eastern Bitcoin Ecosystem Emerges at ArabNet Conference

The past year and a half has seen the slow but steady march of bitcoin across the financial landscape, gaining market share and investor interest with each passing month. Yet, in the Middle East, digital currency remains a fringe prospect in the eyes of the region’s financial players.A small group of startups and entrepreneurs are hoping to change this mindset with a new array of bitcoin platforms and tools that could deliver much-needed financial...

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CAVIRTEX Cuts Fees by 50% in Bid to Boost Customer Morale

Calgary-based digital currency exchange CAVIRTEX took to reddit today in a bid to solicit community feedback about its policies and performance, and announce that its CEO, Joseph David, would soon partake in an upcoming Ask Me Anything conversation on the site.Most notably, representative Kyle Kemper indicated that the company is cutting trading fees by half to 0.75%, and updating its account activity fee policy so that users now receive three alerts...

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Google, Facebook et al: If You Really Cared About Freedom and Privacy [Time Machine]

This post was published on bitcoinmagazine.com on June 8th, 2013 The past few days we have seen shocking revelations from the sphere of digital communications. The Guardian published a leaked top-secret court order requiring Verizon to hand over the metadata (caller, receiver, time, location, duration) of all phone calls made through Verizon’s networks (and not tell anyone about the order’s existence), and the site also verified the authenticity...

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Brazil World Cup Gets Unique Bitcoin Bookies

A unique Bitcoin betting service for the Brazilian World Cup 2014 has launched, with a unique approach for the gambling world: Bitcoin bookies.Bitkup, which offers home-grown sweepstakes for the tournament due to kick off in two weeks’ time, is setting itself apart from traditional services both in its structure and hard figures, while its creator envisages universal appeal:“We created Bitkup with the main objective of disseminating Bitcoin interest...

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Simon’s Hot Dogs Becomes Sedona’s First Store Accepting Bitcoin

Sonoran Cousin at Simon’s Hot DogsPRLog (Press Release) – Jun. 3, 2014 – SEDONA, Ariz. – .Simon’s Hot Dogs (http://ift.tt/1m8PNZT) , famous for its culinary hot dogs announced it is now accepting bitcoin payments, becoming the first Sedona store to accept the new digital currency. Sedona is one of the top ten natural beauty tourist’s destination in the United States and is less than two hours north of Phoenix, Arizona. It is a common destination...

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Eric Voorhees Faces $50,000 Fine Over Unauthorized Securities Sale

The US Securities and Exchange Commission (SEC) has formally charged and settled with serial bitcoin entrepreneur Eric Voorhees for the public offering of securities without registering with the federal government.The settlement bans Voorhees from making a bitcoin security offering for the next five years, according to an official SEC release. He must also relinquish profits totalling $15,843.98, as well as pay a penalty of $35,000.The case stems...

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CoinGecko: Buy, Sell or Hold

Just got dumped?We all know the feeling: you read an article promising wonders, getting all pumped up and then…Well, the one thing that nerds love, data, is helping to solve this social problem when it comes to getting dumped in the world of alternative currencies.In an era of numerous altcoins, deciding which ones are a buy, sell or hold can become an arduous task for an individual. Thankfully, your life is about to become a lot easier thanks to...

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50 Cent Catches the Bitcoin Bug

50 Cent announced today that he will sell his new album Animal Ambition for bitcoin through BitPay. As 50 Cent will not be the only artist interested in providing bitcoin as a payment option, BitPay makes it easy for artists to accept bitcoin. 50 Cent is using a Shopify store to sell his latest album and can, through BitPay’s partnership with Shopify, accept payment in bitcoin.There could not be a better combination of innovation in music and payment....

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UK Financial Conduct Authority Launches Bitcoin Initiative

The Financial Conduct Authority (FCA) has announced a new initiative to help bitcoin businesses in the UK. The move marks a shift in approach for the regulator, which has steered clear of digital currency until now.The FCA’s hands-off approach to digital currencies like bitcoin has not had a negative effect on the UK’s bitcoin companies, however. The nation remains one of the most attractive jurisdictions for bitcoin businesses, with the continent’s...

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Bitcoin 2014: Building the Digital Payments-network (reflections on a million-dollar conference)

A Dutch version of this article originally appeared on Coincourant. “The reason I am so committed to Bitcoin and crypto, is that crypto can solve the problem that centralized organizations present to society.” Overstock CEO Patrick Byrne’s fiery opening speech at Bitcoin 2014 is geared straight at the libertarian spirit of Bitcoin-hardliners. In his philosophical keynote address, the man who was heralded onto the main stage of the conference as a...

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The Montreal Economic Institute Addresses Bitcoin

The Montreal Economic Institute (MEI) has released an economic note on the state of Bitcoin regulation in Canada and around the world. The MEI is an independent research and education organization which, according to their website, “stimulates debate on public policies in Quebec and across Canada by proposing wealth-creating reforms based on market mechanisms.”In the note, the MEI points to the recent collapse of Mt. Gox (and subsequent consumer...

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Bitcoin in Botswana

Africa is often touted as the region most likely to benefit from Bitcoin. However, for the most part, the technology has yet to take off in any meaningful way.A recent survey by mobile platform Jana interviewed 1,800 people across 9 emerging markets. This included respondents from Africa’s leading market, South Africa. Of the survey group, only 13% had heard of Bitcoin. This represented the lowest awareness of any emerging market.At present the continent...

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