Overstock sees Bitcoin having a postitive effect on earnings for 2014. The company told Reuters they expect Bitcoin to add 4 cents per share, they are expecting $1.5 billion in sales for the year. From the article: Overstock.com Inc's sales through bitcoin are expected to add 4 cents per share to its earnings this year, the online retailer's chief executive, Patrick Byrne, told … [Read more...]
From buying Guns with Bitcoin to Consumer Protection Warnings its the Crypto Corner for 8/12/14
A lot of news over the last two days on the crypto currency front, from guns for Bitcoin to Consumer warnings about the dangers and risks of virtual currencies. Let's start out with the Consumer Financial Protection Bureau, they want to let consumers know that virtual currencies like Bitcoin and Litecoin are targets for hackers and that there are costs many may not be thinking … [Read more...]
EU Court to Decide if Bitcoin Transactions Are Subject to Value Added Tax
Jane Genova wrote an article on PaymentWeek.com about the EU deciding on whether or not to tax Bitcoin transactions. Earlier in the year Sweden asked for the EU to rule on whether or not Bitcoin should be taxed. The UK has ruled no valued added tax on Bitcoin. From the article: The European Court of Justice will rule if bitcoin transactions are subject to its value-added tax rules (VAT). If … [Read more...]
Quick Chat with Josh Garza the man who bought BTC.com for $1million
BTC.com was purchased for $1million as most of our readers know, we talked to Mike Robertson from Domain Guardians earlier in the week. Josh Garza and his company GAW Miners bought the domain, and we had a quick chat with him. Besides talking to us about the domain side of things, after our interview was completed Josh spoke to Tech Crunch about the Mining side of Bitcoin. Interview 1) … [Read more...]
When Searches for Bitcoin Go Up, The Price Goes Down according to a recent study
A group of Swiss computer scientists conducted a study that took a look at web activity and social media chat around Bitcoin. They concluded when there is a surge in chatter around Bitcoin that the cryptocurrency is bound for a fall. The BBC took a look at the study: Key variable Bitcoin was a great candidate for research because so much of the activity surrounding it takes place online, … [Read more...]
Inside the BTC.com Sale With Mike Robertson of Domain Guardians
We are talking today with Mike Robertson of Fabulous.com fame and Co - Founder along with Jen Sale of Domain Guardians. Domain Guardians successfully brokered the name BTC.com for seven figures, He was kind enough to give us a few minutes on just how the sale went down. 1) What was the total sales price of the domain, was there a buyer's premium or any other added costs ? If you can add, … [Read more...]
Dell To Accept Bitcoin
Dell has become the latest company to accept Bitcoin, the company posted on their website they will now be accepting Bitcoin and providing a 10 % discount on an AlienWare purchase to those using Bitcoin as their payment option (up to $150). From their website: Now you can buy digital with digital – starting today, we’re accepting bitcoin on Dell.com. We’re piloting bitcoin, the world’s … [Read more...]