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IRS Misnomer: IRS determines that virtual currency bitcoins are not currency
According to the IRS, virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value. In some environments, it operates like “real” currency -- i.e., the coin and paper money of ...
TON Coin as Virtual Currency -- Long Way To Go
Lyndon LaRouche, a well-known economist from the United States of America, has even predicted that network virtual currency will be recognized officially to some extent in 2020 and will become legal tender. If a "generic protocol" on money is available ...
eBay Adds New ‘Virtual Currency’ Category to US Site
eBay’s main US site has introduced a category for ‘Virtual ... or get your money back”. Trading digital currencies themselves on eBay could also be a minefield, exposing sellers to credit card chargebacks and PayPal claims after the coins have ...
Amazon Now Offers Amazon Coins Virtual Currency On Kindle Fire, Gives $5 In Free Coins To All Users
Unlike bitcoin, and more like Amazon Coins, most virtual currency is based on users redeeming standard currencies for “virtual” ones on the network in question. This money can then be used to buy new features in a game, or extend your life, or to send ...
From Bitcoin to Amazon Coins: A Guide to Virtual Currencies
Yesterday, the world’s biggest bitcoin exchange said it is beefing up its identification procedures for users who deposit or withdraw traditional currencies, amid increased scrutiny of the virtual money by U.S. authorities. Mt. Gox, a Tokyo-based ...
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How to mint your own virtual money
That is the name of the virtual crypto-currency ... problems when it rolled out the currency to readers. Solving them and then getting people to buy in was hard. Even then the only reward it could offer Ars Coin miners was special icons on messages they ...
What Are Bitcoins? Virtual Currency Explained (Like You're an Idiot)
In just five years the virtual currency has gone ... This sounds a lot like the coins from Super Mario Brothers. Do I have to bang my head against a brick wall to get the money? New bitcoins enter the market by a process called "mining."
Venezuelans Turn To Bitcoins To Bypass Socialist Currency Controls
CARACAS (Reuters) - Tech-savvy Venezuelans looking to bypass dysfunctional economic controls are turning to the bitcoin virtual currency to obtain dollars ... expatriates will use the exchange to send money home, selling bitcoins for bolivars.
eBay Adds New Virtual Currency Category
eBay Inc (NASDAQ:EBAY) EBAY +2.07% just added a new category under “Coins & Paper Money” that now allows sales of ... classified items under the three sections of Virtual Currency category, Mining Contracts, Miners, and Currency to sell popular ...
eBay Adds New ‘Virtual Currency’ Category to US Site
eBay’s main US site has introduced a category for ‘Virtual Currency ... Changes‘ list for April under ‘Coins and Paper Money’. At press time there were multiple entries for bitcoin and altcoin trades, Mining Hardware, and ‘Mining Contracts ...
Virtual currency miners in it for more than just money
Coins issued for each equation solved are issued to reward miners for lending their computers' processing power to the virtual currency system ... But Pike isn't in it for the money. He says it's like belonging to a special club where tiny digital tokens ...