by Ingrid Lunden — Tech Crunch
Gaming giant Zynga has started to accept the cryptocurrency as a payment option for those buying tokens for virtual goods on the web versions of FarmVille 2, CastleVille, ChefVille, CoasterVille, Hidden Chronicles, Hidden Shadows and CityVille. It makes Zynga the first major gaming company to accept Bitcoin.
By
WASHINGTON –Cody Wilson isn’t afraid of legal gray areas, whether they’re do-it-yourself firearms or anonymous online money.
Last year, the Austin resident and former UT law student posted plans for a 3D-printed plastic handgun online along with a video demonstrating the weapon. He took the plans down days later, after the State Department ordered them removed.
Continue reading “3D-printed gun advocate Cody Wilson announces bitcoin venture” »
Rob Wile — Business Insider
Rep. Steve Stockman (R-Texas) is the outsider’s outsider — what other Texan would spend a freezing New Year’s hundreds of miles away in New York City?
But there he was last night at the launch event for the NYC Bitcoin Center, located just up the street from the New York Stock Exchange.
Overmanagement by Mr. Andres Agostini
This is an excerpt from the conclusion section o, “…Overmanagement…,” that discusses some management strategies. To read the entire piece, just click the link at the end of article:
BEGINNING OF EXCERPT.
Question: What other contemporary issues particularly concern you? Do you find signs of
hope or resistance around these issues that, perhaps, you finding heartening?
Bitcoin miner Milly Bitcoin has done a little citizen letter-writing, and the results should make virtual currency miners breathe a sigh of relief. Milly Bitcoin’s mining company Atlantic City Bitcoin last June wrote to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) requesting an official administrative ruling on whether ACB must register as a money transfer service. FinCEN has now replied, and the answer is no.
ACB requested the ruling because there has been much confusion as to whether mining — and spending the proceeds — constituted a money transfer service. This may seem a ridiculous question to virtual currency aficionados, but the confusion arose because some businesses dealing in virtual currencies do indeed operate as money transfer services. Mining and spending virtual currency, however, is not a transfer service. Such was the ruling by FinCEN.
by J.M.P. — The Economist
A GROUP of self-described anarchists, libertarians and Ron Paul supporters fleeing the crumbling world economic system have founded Galt’s Gulch, a community in Chile inspired by Ayn Rand’s “Atlas Shrugged”—and with an economy based entirely on Bitcoin. Or that’s the goal, anyway.
“Our farm workers and suppliers still want to get paid in pesos,” Ken Johnson, the project’s founder and managing partner, explains. “But Bitcoin as the John Galt coin? Why shouldn’t it be?”
, thinks he is making history. On Saturday, his restaurant Kolonial announced that its patrons can pay in bitcoins instead of rupees, thus laying claim to the title of being India’s first eatery to accept the new-age currency. “Right now, people are a bit sceptical about bitcoins, but it’s going to become big. I am testing the waters,” said Thadani, 30, who is a bitcoin owner and a host to several bitcoin meetups at Kolonial.Continue reading “From eatery to meetup, entrepreneurs increasingly accepting 'bitcoins' in India” »
The U.S. Senate has deemed it legitimate. Detractors dismiss it as unstable and a vehicle for criminal trade. China has banned new deposits on its largest exchange.
Bitcoin, the international digital payment system and currency and one of the hottest technology and finance topics this past year, could become a widespread vehicle for trade, believe the leaders of a Miami group. To further that view, Miami International Bitcoin will be partcipating in the North American Bitcoin Conference slated for Miami Beach in January.
“The thing that’s really exciting about Bitcoin is that, here in South Florida, we have a half billion people to the south of us who do not have access to a banking system that works well, capital markets, credit — things that we take for granted,” said Charles Evans, business professor at Florida Atlantic University and one of the founders of Miami International Bitcoin.
