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Silk Road is known to be one of the main reasons bitcoin has such a negative standing in the eye of the public. The black market site was closed down in October 2013 for its involvement in criminal activities, such as money laundering and the sale of illegal drugs. Now,...

As a result of the recent PBOC rebuking remarks about banks still funding BTC China, the Chinese Bitcoin exchange company has halted RMB Deposits. The PBOC clarified its position on Bitcoin a few days ago and explained its stance, “The current level of services that banks and...

The world around us can be portrayed by an artist’s perception in a unique way that allows imaginations to run freely. The physical world has been mimicked many times to give off different takes of our own perceptions and beliefs of what we can see. But what about creating...

Once upon a time, there was a behemoth of a Bitcoin exchange called MtGox. It quickly grew to become one of the largest Bitcoin exchanges, and just as soon fell to become one of the most despised ones. Claiming to have lost a total of 850,000 bitcoins, MtGox declared bankruptcy...

Speaking with CNBC, a group of currency experts stated that in twenty years the United States dollar will most likely still be the world’s reserve currency. They further stated that the likelihood of bitcoin not being around is probable. Regardless of the turnout, the state of...

Today, an Investor Alert was issued by Missouri State Secretary Jason Kander on the risks in dealing with bitcoin and other digital currencies. As with all cautions placed over bitcoin use, Kander warned of past experiences that have affected the bitcoin market, such as hacks and...

In an interview with RT, bitcoin investor and evangelist, Roger Ver, discusses his thoughts on the virtual currency. He believes that it is the way of the future, and unlike any monetary unit we’ve ever seen before. Ver is the Chief Executive Director at MemoryDealers and...

The past few days seemed like the calm before the storm where, starting on April 15, we were all waiting to see if the PBOC would ban or further restrict Bitcoin. CoinReport got its hands on the translated version of the Caixin article which detailed the events of the PBOC’s most...

Even though Bitcoin is recognized by the IRS as property rather than currency, it is still expected to be reported on tax documents within the US. The French Ministry of Economy and Finance are now also subjecting revenues of the digital currency to taxation. French Tax Authority...

A 22-year old Dutch man, by the user name SuperTrips, has dealt with ecstasy, cocaine, and LSD through the Silk Road website run with Bitcoin. SuperTrips’ real name is Cornelis Jan Slomp and he is from the Netherlands. According to U.S Attorney Zachary T. Fardon, and Slomp’s...