The dreams of those agorist Bitcoiners who still hoped that their digital currency could evade the taxman are finally dead. The IRS hath spoken. They will treat Bitcoins as property, which means self-employment and capital gains taxes may apply to your stash. Call an accountant for further details, folks.
Bitcoin Trading Exchange Spurns Thirsty SEC
Who doesn't love a romantic comedy about a staid conservative chasing a wild free sprit? Even when the uptight one is a major regulatory institution and the the free spirit is an online exchange for a digital currency?
Fortune quotes a venture capitalist saying that he and his peers are now investing in bitcoin: "I think bitcoin investing is becoming to this generation what real estate investing used to be." So... purchased by unsophisticated consumers at prices so high above actual worth that owners will end up underwater?
Newsweek: We'll Answer Dorian Nakamoto When His Lawyer Writes Us
Newsweek has posted a reply to Dorian Satoshi Nakamoto's denial of its story that Nakamoto was, as Newsweek's headline put it, "The Face Behind Bitcoin." It reads:
Dorian Satoshi Nakamoto: "I Unconditionally Deny the Newsweek Report"
Late last night, a lawyer named Ethan Kirschner, claiming to represent Dorian Satoshi Nakamoto, emailed a statement to several members of the media, including Reuters' Felix Salmon. In it, Nakamoto denies that he is, in fact, the "Satoshi Nakamoto" commonly credited with "inventing" Bitcoin. Here's what he says, in…
Here's Video of Dorian Nakamoto Denying He Created Bitcoin
As of last night, Newsweek was standing by its story that Bitcoin was created by a 64-year-old Californian engineer named Dorian Satoshi Nakamoto. Nakamoto, for his part, is strenuously denying it.
Newsweek Editor-in-Chief: We Stand by Our Bitcoin Story
Newsweek isn’t backing down. Hours after publishing Leah McGrath Goodman’s 4,5oo-word profile of a 64-year-old Temple City engineer named Dorian S. Nakamoto—who, Goodman claims, is the long-mysterious inventor of Bitcoin—the magazine faced a cascade of evidence contradicting the ambitious cover story of its freshly…
Alleged "Bitcoin Inventor" Has No Idea What You're Talking About
[Dorian S. Nakamoto, the rumored creator of Bitcoin, denied any involvement in the virtual currency's development or market trading when questioned by the Associated Press. Image via AP]
Temple City resident Dorian S. Nakamoto—identified by Newsweek as the long-unknown inventor of Bitcoin—told the Associated Press that “he had never heard of Bitcoin until his son told him he had been contacted by a reporter three weeks ago.”
“Bitcoin Inventor” Denies Newsweek Story After Bizarre Car Chase
Following a bizarre chase through Los Angeles and into the elevator of an Associated Press bureau, engineer Satoshi Nakamoto denied being the creator of Bitcoin, contradicting a major Newsweek story published this morning.
The Mysterious Creator of Bitcoin Is the One Person Nobody Expected
It's long been taken as a given that Satoshi Nakamoto, the mysterious "person or entity" who created Bitcoin, the world's best-known digital currency, is a pseudonym—probably for more than one person.
Does Mt.Gox's CEO Have a Secret History of Committing Fraud?
In the wake of Bitcoin exchange Mt. Gox announcing that it lost $473 million worth of the virtual currency, many people who saw their money disappear have called for CEO Mark Karpeles to be imprisoned. Well, funny thing: it wouldn't necessarily be the first time Karpeles has been arrested for fraud.
Bitcoin Is the Latest Plot to Save the Post Office
In an attempt to salvage its remaining relevance, the U.S. Postal Service has hit on what might be an interesting possibility: digital currency. On January 29, the organization hosted a webinar with experts discussing how it might make use of Bitcoin. Coindesk has a recap.
Bitcoin Zealot Mom Made Daughters Sell Cookies for Digital Currency
In January, two little entrepreneurs girls wanted to set up a stand outside their San Francisco (duh) home to sell cookies and lemonade. That business plan just wasn't disruptive enough for their mother, Holly, a tech worker in the city, who set the girls up with a "wallet" for the anonymous digital currency Bitcoin…
"I'm skeptical. I don't think we'll all be paying in bitcoin for tickets to Kanye West's 2024 presidential victory tour." Adrian Chen takes on the bitcoin phenomenon in the pages of the New York Times.
Bitcoin Ponzi Schemer Duped Investors: ‘It’s Growing, It’s Growing!’
The Securities and Exchange Commission has charged a man in Texas named Trendon T. Shavers with "defrauding investors in a Ponzi scheme involving Bitcoin," to the tune more than $4.5 million.
Who is "Satoshi Nakamoto," the mysterious creator of Bitcoin? Maybe one of these people.
Feds Seize Assets of World's Largest Bitcoin Exchange
The problems keep coming for Mt. Gox, the world's biggest Bitcoin exchange. Just days after Gawker revealed a key business partnership had devolved into a $75 million lawsuit, the Department of Homeland Security seized a payment processing account belonging to the company, alleging it lied on financial documents.
Massive Bitcoin Business Partnership Devolves Into $75 Million Lawsuit
Bitcoin, the virtual currency libertarian geeks expect us all to use to pay for pizza in the future, has had a rough few weeks. A series of booms and busts have sent shivers down the spines of Bitcoin enthusiasts. Now, Gawker has learned that a much-hailed partnership between two of the most prominent players in…
Idiot Dick Facebook Twins Now Own One Percent of All Bitcoin
As the internet watched the value of Bitcoin, the anonymous techno-libertarian dweeb-currency, drop by more than half yesterday, a collective wondering went up: Who could be dumb enough to put a significant amount of money in a currency this new, useless and volatile?
