The European Banking Authority, which has already pointed out that consumers using bitcoin do so without regulatory protection, has issued an opinion listing 70 risks of virtual currencies and laying out the legislative measures needed to make regulation possible.
Bitcoin will one day be subject to global treaties and central bank interventions, predicts Jeremy Allaire, one of the virtual currencies’ biggest backers.
The IRS announced that bitcoin and other virtual currency will be taxed as property, not currency. This settles an important tax question.
The people who oversee Wall Street are turning their attention to Bitcoin in a big way — there’s calls for a license system, but regulators have few details for now.
Bitcoin just broke $1,000, triggering new questions of whether it’s a bubble — or if you should buy some. Here’s a round-up of the latest hype, including what marketers and financial types are saying.
A woman from Hawaii paid for her upcoming trip to space using Bitcoin. We can now add Sir Richard Branson as the latest Bitcoin believer.
There have been a handful of bad news items concerning Bitcoin in the last week, but the market is not treating the news as a judgment on the basic value of the currency, which popped past $300 on Friday and keeps heading upwards.
Why has Bitcoin has soared from its $50 post-crash low in April to over $200? The rise could reflect increased mainstream interest in the currency that has brought a newfound state of stability. (Or it could be yet another bubble).
The Bitcoin wallet and exchange platform Coinbase has introduced zero-fee micropayments using the virtual currency. This could be a step towards a system that could support entirely new mobile and online commerce business models.