Australian currency

Governments Grapple with the Taxation of Bitcoin

NEW YORK (InsideBitcoins) — Government taxing authorities continue to wring their hands over Bitcoin. This week, the Australian Tax Office (ATO) delayed a ruling on the tax status of the crypto currency, saying it needed more time to review all...
U.S. Marshal badge

Bitcoin Soars on Silk Road Auction and California Legalization

NEW YORK (InsideBitcoins) — Bitcoin prices soared yesterday on the back of Friday’s Silk Road auction and California Governor Jerry Brown’s signing of a “legalization” law Saturday. The crypto currency’s value topped $651 Monday, its highest price in nearly a...
Mt. Gox

Single Bidder Takes All in U.S. Marshals Auction

NEW YORK (InsideBitcoins) — The winning bidder of the Silk Road Bitcoin auction has finally been revealed. Flamboyant venture capitalist Tim Draper captured the entire sum of just under 30,000 Bitcoins, according to a statement emailed to Reuters. You may...
bitcoin regulation

Government Watchdog to Keep an Eye on Crypto Currencies

NEW YORK (InsideBitcoins) — You know Bitcoin is rapidly gaining credibility when the government gets in the game. The U.S. Government Accountability Office (GAO), in a report to the Senate Committee on Homeland Security, is expressing its concern regarding crypto...