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North Carolina to tie virtual currencies to “monetary value” under existing laws, rather than create new regulations

Posted on August 26, 2014

In a story published today on CoinFinance, an unnamed North Carolina Commission of Banks (NCCOB) spokesperson said that regulators in the state were opting to handle bitcoin-based investments and businesses under existing rules. The NCCOB will treat bitcoin and other cryptocurrencies as “monetary value,” as defined in the N.C. Money Transmitters Act. Under those rules, […]

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GoCoin partners with payments company Apriva

Posted on August 26, 2014

Arizona-based wireless point-of-sale technology company Apriva announced today that it has partnered with Singapore-based cryptocurrency payment processor GoCoin, bringing bitcoin, litecoin and dogecoin payments to their network of over 1,000 merchant partners. The move follows GoCoin’s recent launch of an SMS-based digital currency payment gateway and a new partnership with low-cost, prepaid phone service provider […]

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Korean bitcoin exchange Korbit raises $3 million in new funding round

Posted on August 26, 2014

South Korean bitcoin exchange Korbit announced this week that it has joined the ranks of multimillion-dollar bitcoin startup club, gaining $3 million in venture capital in a Series A funding round. The exchange has already received $600,000 in angel and VC investment, bringing its total funding to date to $3.6 million. The most recent round […]

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Newegg expands BTC buying option to Canada

Posted on August 26, 2014

Online tech retailer Newegg announced today that it will be bringing its popular pay-by-bitcoin option to customers in Canada. The company integrated BitPay’s payment platform to their U.S. checkout system in July, becoming the then-largest online store to accept digital currency. (This status was short lived, as Dell, DISH and Expedia adopted bitcoin payments in […]

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Bullion dealer Agora Commodities plans to launch cryptocurrency exchange

Posted on August 25, 2014

In a new CoinDesk profile of bitcoin-friendly precious metals retailer Agora Commodities, the credit-card eschewing bullion company dropped an interesting detail about their future plans. Agora founder Joseph Castillo told the website that his company is in the process of preparing to open a new digital currency exchange. Although there was no stated timeline for […]

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Chamber of Digital Commerce forms political action committee to steer Washington’s bitcoin position

Posted on August 25, 2014

The Hill reported today that the recently formed bitcoin-business advocacy group the Chamber of Digital Commerce has formally registered a new political spending group with the Federal Election Commission. Chamber CEO Perianne Boring, a former White House intern and legislative analyst for Rep. Dennis Ross (R-FL), told The Hill that the political action committee (PAC) […]

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Mycelium Entropy USB stick rockets past crowdfunding goal

Posted on August 25, 2014

Last month, cryptocurrency wallet-software provider Mycelium introduced Entropy, an open-source, multi-signature enabled USB-stick based paper wallet generator. The company had already tested a limited batch of the devices in a closed beta, and was taking to popular crowd-funding website Indiegogo to raise the $20,000 needed to produce the second batch on a more commercial scale. […]

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BitGive Foundation becomes first tax-exempt bitcoin charity in U.S.

Posted on August 25, 2014

The BitGive Foundation announced today that it has been officially granted 501(c)(3) status from the IRS, making it the first tax-exempt bitcoin charity in the U.S. The organization is now able to provide a tax deduction to donors, including those who donate directly in BTC, greatly enhancing the potential for fundraising. With their new tax […]

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BitPay exec sees major European merchant adoption “soon”

Posted on August 24, 2014

Here in the U.S., major businesses like Overstock, TigerDirect, Expedia and DISH are happily adopting bitcoin. While it could be argued that this first-wave adoption is more about free publicity than it is about the future of payments, it does beg a question: If bitcoin is a global phenomenon, why are all the major merchant […]

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ESPN paid in BTC for BitPay sponsorship

Posted on August 23, 2014

At a press conference about the upcoming Bitcoin St. Petersburg Bowl in St. Petersburg, FL, BitPay executive chairman Tony Gallippi revealed an interesting detail about the company’s sponsorship deal with ESPN Events: The payment was made in BTC rather than dollars. While not entirely surprising given that BitPay is a bitcoin payment processor, and the […]

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