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Assange: WikiLeaks Avoided Bitcoin to Keep It Alive

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The creator of bitcoin appealed to WikiLeaks founder Julian Assange not to use the cryptocurrency to receive donations due to fears that government attention would “destroy” it. The revelations surfaced from Assange’s latest book that comes out this week, When Google Met WikiLeaks. In a

United Way Worldwide Embraces Bitcoin’s Charity Opportunities

united way

The United Way Worldwide has long offered several ways for supporters to donate, such as workplace campaigns, planned giving and donating stock. A new option was added this week — bitcoin. The move makes United Way Worldwide the largest charity to accept a virtual currency.

Banks Set Bitcoin Adrift from the Isle of Man

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Capital Treasury Services (CTS), the company that links bitcoin businesses to banks in the Isle of Man, is to cut ties with the digital currency sector as of next month. CTS, which is a subsidiary of Capital International Group, currently works with a number of

Bitcoin Currency for an Independent Scotland?

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With Thursday’s Scottish independence referendum too close to call, opponents of an independent Scotland have been stressing the would-be country’s lack of a reliable currency. An independent Scotland could either keep using the British pound and lose control of its monetary policy, join the eurozone’s

Digital Currency Bitcoin Opens its Doors to Wall Street

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As the digital currency bitcoin continues to make inroads into the financial world, more and more finance professionals, advisors, attorneys, and accountants are coming into contact with it. But there isn’t any kind of standardized base of knowledge for them to draw upon. That gave

Bangladesh Threatens Jail for Bitcoin Users

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Bangladesh’s central bank has warned against dealing in Bitcoin, saying anybody caught using the virtual currency could be jailed under the country’s strict anti-money laundering laws. The Bangladesh Bank, which regulates the impoverished country’s banking industry, said it issued the order after reports in local

PayPal Subsidiary Braintree to Accept Bitcoin

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Paypal will start accepting bitcoin payments through its subsidiary, Braintree, the company has announced. The firm is partnering with bitcoin payment platform Coinbase, one of the largest bitcoin companies, which already handles payments for clients including Overstock and Reddit. “This is PayPal making a move

ATO Rules for Bitcoin

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The ATO views Bitcoin is neither money nor a foreign currency, and therefore the supply of bitcoin is not a financial supply for goods and services tax (GST) purposes. The ATO, however, views bitcoin as an asset for capital gains tax (CGT) purposes, and transacting

Bitcoin: Education Key to Mainstream Acceptance

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Bitcoin, the digital currency started in 2009, is facing a problem acquiring a different currency — the kind measured in wide public acceptance. This currency deficit is perpetuated by the large conferences popping up in cities around the nation. At one event I attended last

Bitcoin Remains Below $500

Banks Warn Of Bitcoin Risks

Investing.com – Bitcoin prices remained below the key $500-level on Wednesday, as market players were reluctant to open new positions while awaiting the next catalyst to influence price direction. Bitcoin (BTC/USD) declined 0.73%, or $3.50, on Slovenia-based BitStamp to trade at $476.00 during U.S. morning

Canberra: Bitcoin Growing Slowly

Canberra House

Once people acquire bitcoins, which are a purely digital currency, they can be kept in a digital wallet with smartphone apps and online accounts allowing people to transfer their bitcoins to others in payment of goods and services. The owner of The Sly Fox cafe

More Australians Using Bitcoin for Household Bills

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Living Room of Satoshi, a free online service that enables payment of any BPAY-enabled bill using bitcoin, has found its Australian customers have paid an impressive $150,000 worth of bitcoin towards their everyday household bills using its service. Co-founder and CTO Daniel Alexiuc said “Bitcoin usage

Xapo Clarifies Debit Card Fee Position

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After promising the official release of Bitcoin-based debit cards, Xapo became a crypto-currency darling. Sadly, however, the bloom went off the rose once users received word that their debit cards, connected to Xapo bitcoin wallets, would incur a number of transaction fees. Now the company,

Bitcoin Rise Halts

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The ascent of digital currency Bitcoin has been halted. Transaction levels have been crumbling this year, and priced in dollars total volumes are now back to the levels seen in 2012. Widely touted as a rival to traditional state-issued currencies, cryptocurrencies such as Bitcoin became

Australians Using Super to Invest in Bitcoin

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“I want to make [establish] a self managed superannuation fund and invest it in bitcoins. Will this be possible?” Type in “bitcoin” and “superannuation” into Google and questions such as this, asked on popular internet forums such as Whirlpool, creep up on computer screens. As

Alex Jones Now Accepting Bitcoin

Alex-Jones

There are few personalities on the fringes of popular culture quite as polarizing as Alex Jones. The host of the syndicatedThe Alex Jones Show radio program is heard on well over 100 AM and FM stations across the country, bringing a mix of hardcore libertarian thinking,

Assange: WikiLeaks Avoided Bitcoin to Keep It Alive

assange

The creator of bitcoin appealed to WikiLeaks founder Julian Assange not to use the cryptocurrency to receive donations due to fears that government attention would “destroy” it.

The revelations surfaced from Assange’s latest book that comes out this week, When Google Met WikiLeaks.

In a footnote, the WikiLeaks founder said he spoke with the pseudonymous inventor of bitcoin after Visa, MasterCard, PayPal and other financial companies pulled their services from his organisation in 2010.

When a member of a bitcoin forum suggested Wikileaks could accept bitcoin, Nakamoto apparently claimed such integration would “provoke unwanted government interest” in the nascent cryptocurrency.

“The project needs to grow gradually so the software can be strengthened along the way,” Nakamoto said. “I make this appeal to WikiLeaks not to try to use bitcoin.

“Bitcoin is a small beta community in its infancy. You would not stand to get more than pocket change and the heat you would bring would likely destroy us at this stage.”

The original post can still be viewed on an archived version of the bitcoin forum. Six days later, Nakamoto disappeared from the bitcoin community and has remained an evasive figure ever since.

His final post read: “It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet’s nest and the swarm is headed towards us.”

As a result, Wikileaks did not launch a bitcoin donation channel on its site, instead waiting until the cryptocurrency’s first major boom on 14 June 2011.

To date, WikiLeaks has received close to 4,000 bitcoins in donations, according to its public bitcoin address, the equivalent to around $1.8m (£1.1m, €1.4m) Assange recently recognised the significance of bitcoin in an Ask Me Anything (AMA) session on Reddit.

During the Q&A, Assange referred to bitcoin as “an extremely important innovation” that uses technology that breaks George Orwell’s dictum “he who controls the present controls the past and he who controls the past controls the future”.

Source: https://uk.news.yahoo.com/wikileaks-avoided-bitcoin-prevent-government-destroying-cryptocurrency-175614267.html#T5FkZeH

United Way Worldwide Embraces Bitcoin’s Charity Opportunities

united way

The United Way Worldwide has long offered several ways for supporters to donate, such as workplace campaigns, planned giving and donating stock. A new option was added this week — bitcoin.

The move makes United Way Worldwide the largest charity to accept a virtual currency. Such currencies don’t exist in paper or coin form but are downloaded from a virtual wallet, often on the owner’s cellphone, to the charity’s website, which converts it to cash.

The currencies, which are not backed by a bank, are slowly gaining acceptance by charities.

“United Way Worldwide embraces the opportunity to make it easier for donors to support the causes that matter most to them, and this means innovating to evolve with the donor landscape,” said Brian A. Gallagher, president and CEO of United Way Worldwide. “Achieving United Way’s vision for the world — where all individuals and families achieve their human potential — requires innovation powered by new technology and outreach methods,” he said.

In announcing the move Monday, United Way Worldwide said it recognizes bitcoin as an emerging technology that reduces costs for making online donations. There are no transaction fees.

It’s also an opportunity to reach a new pool of donors, the organization said.

For now, bitcoin will be accepted only for United Way’s Innovation Fund, the charity said. That fund is designed to “transform United Way and the social sector through technology, relationships and efficiency,” according to the agency.

United Way has partnered with Coinbase, a leading bitcoin platform used by 1.6 million users and 36,000 merchants worldwide, United Way reports.

The move is a significant boon to cryptocurrency supporters, who are trying to expand the pool of businesses, charities and other groups that accept the currency.

United Way Worldwide is the world’s largest privately funded nonprofit. It has 9.7 million donors and raises more than $5 billion a year.

Source: http://www.startribune.com/local/275375731.html

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