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Bitcoin homeless man

Homeless man from Minnesota found begging for Bitcoins

A homeless man from Minnesota has been spotted begging people on the street for Bitcoin donations. The man spotted near the University of Minnesota was holding a sign asking people to make a small deposit to his wallet using the virtual currency Bitcoins which with its low transaction costs and speed seems to getting more popular…

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IRS demands Bitcoins to be taxed as they are "property" and not currency - 1

IRS demands Bitcoins to be taxed as they are “property” and not currency

The IRS (Internal Revenue Service) officially announced on Tuesday March 25th 2014 that from now on any Bitcoin transaction made should be taxed, if not, taxpayers will be subject to penalty, users must also report any transaction made. While additional taxes are never desirable, an array of useful online tools can be found here. This currently only…

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Understanding the Value of Bitcoins: 5 Factors that influence the value of a Bitcoin

The value of the USD and other normal currencies are affected by different factors than Bitcoin, while usually, the value of $1 depends on the balance of trade, price of oil, gold, and many other things with Bitcoin it depends on different factors which are completely new to the economy. Let's take a look at…

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