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Overstock Bitcoin Customers CEO and founder of Overstock.com Patrick Byrne said that more of the site’s customers are paying for purchases in bitcoin. Overstock began accepting bitcoin back in January 2014, and expectations for the use of the digital currency on the site...

Warren Buffett Not a Fan of BTC Legendary investor Warren Buffett claims that bitcoin is “not a currency.” He is not impressed with the volatility of the digital currency. The investor says that since bitcoin’s pricing is based on the US dollar, it can’t...

No Bitcoin Tax on Trades The HM Revenue & Customs in Britain said it will not enforce a 20% value-added tax on bitcoin transactions. The Financial Times reported that in a meeting with UK bitcoin traders, the HMRC tax collection agency said it would put an end to the VAT....

eBay Bitcoin Scam An eBay user was conned out of his bitcoins worth £5,300. eBayer Will Phillips fell victim to a scam which involved hacked PayPal accounts and bitcoins. Phillips says he is being chased for the money he owes. Last fall, Phillips became attracted to bitcoin, as...

Raging Bulls of Bitcoin still prepared to fight in the arena of global currencies. This past week, we have read the obituaries of bitcoin, seen the protests outside MtGox, and lamented for those who lost their shirts with it’s failure. Despite all this those who believe in...

Food Bank Accepts Bitcoin Donations Capital Area Food Bank is a charity that helps to feed over 48,000 people. Each dollar donated to the food bank is stretched out to buy $5 worth of food. The food bank has begun using a bitcoin donation strategy, and claims to be the first US...

Penny Stocks for Dummies The author of “Penny Stocks for Dummies”, Peter Leeds, speaks out about bitcoin and other digital currencies in circulation. A publisher of a newsletter focusing on risky investments, Leeds believes that it is unlikely that bitcoin will ever get better...

Chinese Bitcoin market confidence has been struck with a massive blow after Japanese bitcoin exchange MtGox acknowledged that it will file for bankruptcy. This has lead to many Chinese investors questioning Bitcoin’s liability, according to XinHua.net. On February 25th,...

MtGox Files for Bankruptcy MtGox has revealed that it was going to file for bankruptcy protection. About 750,000 of its customers’ bitcoins and 100,000 of its own have been lost. The market value of this damage is tremendous. It totals to about $473 million in losses. This news...

Michell Abner Espinoza and Pascal Reid were charged with alleged money laundering and engaging in unlicensed money service businesses back on February 6th. The two southern Florida men used bitcoins in their scheme to conduct the illegal activity. According to their lawyers, the...