Sentences with phrase «bitcoin as a virtual currency»

The bill arose out of a desire to insure that Hawaii's tourism industry has the ability to serve tourists who prefer to use virtual currency: «A large portion of Hawaii's tourism market comes from Asia where the use of bitcoin as a virtual currency is expanding.

A large portion of Hawaii's tourism market comes from Asia where the use of bitcoin as a virtual currency is expanding,» the bill reads.

Not exact matches

Henry Blodget discusses this week's bitcoin rally, and how the virtual currency could just as easily go to $ 1 million as it could fall to $ 0.

Known as a self - proclaimed geek who said he was uncomfortable in his native France and hadn't been back in years, Karpeles became interested in bitcoin when a customer of his web - hosting services wanted to pay in the virtual currency.

After all, for many believers in virtual currency, the Federal Reserve is enemy No. 1, an institution that has so badly mismanaged the U.S. dollar as to necessitate the creation of a decentralized currency like bitcoin.

Virtual currencies such as Bitcoin and Ethereum are a new challenge for U.K. lawyers, plagued with volatility and secrecy that is extending the already painful process of dividing a couple's assets.

One thing, however, is clear: Although both the public and the crypto community refer to bitcoin and altcoins as virtual currencies, the IRS treats them as property for tax purposes.

The end has officially come for the former Bitcoin trading heavyweight, as it files for Chapter 11 in Tokyo and admits to losing nearly half a billion U.S. dollars worth of the virtual currency.

The price of bitcoin, the world's most well - known virtual currency, lost almost one fifth of its value to $ 15,800 this week after peaking as high as $ 19,666 on Sunday, as feverish demand ebbed slightly after the exchange giant CME Group and its rival Cboe Global Markets listed bitcoin futures.

Like other virtual currencies, such as Ethereum and Ripple, bitcoin has no central authority and relies instead on thousands of computers across the world that validate transactions and add new units to the system - technology known as blockchain.

The virtual currency skyrocketed above $ 600 on the Mt. Gox exchange as a Senate panel prepares to discuss Bitcoin regulation.

«Bitcoin, the virtual currency, has really captured the imagination recently as one of the world's most innovative businesses looking to the future.

Bitfinex is an online platform that enables traders to buy and sell virtual currencies such as bitcoin and ether.

Jonathan Mohan, founder of BitcoinNYC, a volunteer organization based in New York that unites Bitcoin enthusiasts, says the Fed's takedown of Liberty Reserve was downright good for Bitcoin — and that many people in the Bitcoin community see the Liberty takedown as a «benefit» for virtual currencies.

Because Bitcoin's virtual currency operates in the same fuzzy confines as Liberty Reserve's, the tech press was quick to draw comparison between the two businesses, wondering if Bitcoin would suffer a similar fate.

It's being billed as the first mainstream service allowing consumers to buy and sell bitcoin, the virtual currency used as an alternative to traditional money systems.

An anonymous respondent commented, «With the rise of bitcoin or other virtual currencies people may switch to these entirely as global currencies, as the dollar and euro may see too many ups and downs.»

In doing so, Judge Weinstein effectively affirmed the CFTC's 2015 finding that bitcoin and other virtual currencies are «properly defined» as commodities, a pivotal interpretation that could set a standard for cryptocurrency prosecution at large.

The price of bitcoin surged through $ 10,000 on Wednesday, adding to its ten-fold jump in value this year and fueling a debate as to whether the virtual currency is gaining mainstream acceptance or is merely a bubble waiting to burst.

SAN FRANCISCO — As the price of Bitcoin has soared, the virtual currency has edged toward the mainstream.

In granting the CFTC's preliminary injunction, Judge Weinstein agreed with the agency's 2015 finding that bitcoin and other virtual currencies are «properly defined» as commodities.

Bitcoin surged past $ 17,000 Thursday — and briefly hit $ 19,000 — as the frenzy surrounding the virtual currency escalated just days before it starts trading on major U.S. exchanges.

Per the FCA, «Cryptocurrency CFDs allow investors to speculate on a change in price of a virtual currency such as Bitcoin or Ethereum, which have proved volatile.

While Bitcoin and other virtual currencies are widely regarded as being difficult to regulate, these representatives would be likely candidates for enforcement of future such regulation.

I began investing in Bitcoin in 2011, as I believed that Virtual Currency held significant promise.

Digital currencies such as bitcoin are issued and usually controlled by its developers, and are used by members of virtual communities.

The Internal Revenue Service has ruled that bitcoin and other «convertible virtual currencies» are «treated as property,» not treated as currency.

According to Japan's Financial Services Agency, on April 1, 2017, the country will begin recognizing bitcoin and other forms of virtual currency as a form of payment pursuant to a recently passed law.

The forex broker has been supporting virtual currencies such as Bitcoin and Namecoin since 2014, making it the first forex to welcome cryptocurrency trading.

Lawsky said last month that his agency plans to issue rules for businesses handling virtual currencies, including a «BitLicense», which could make New York the first U.S. state to regulate virtual currencies such as bitcoins.

WASHINGTON / NEW YORK (Reuters)- New York's financial regulator on Tuesday revealed new details on how the state plans to govern virtual currencies such as bitcoin, just as problems in the nascent market took a turn for the worse.

Consumers needed to be told clearly about risks in the virtual currency, such as the fact that transactions are generally irreversible, and that they could lose their money if they hold onto bitcoins for an extended period.

Coinbase enables users to buy and trade Bitcoin as well as competitor virtual currencies Ethereum and Litecoin.

The price of Ether, the virtual currency on the Ethereum network, has continued to rise in recent months, but not as fast as Bitcoin.

These memes indicate a new audience is migrating to Bitcoin and virtual currencies and could be viewed as another indicator of growth, regardless of your thoughts on the memes themselves.

The statement marked the first time the National Bank of Hungary has commented on bitcoin publically, and despite the fear, uncertainty and doubt these kinds of announcements can spread, the country's virtual currency users are choosing to view the news as a positive.

In an attempt to halt a currency crisis, and over concerns related to money - laundering, the Central Bank of Iran has banned the banks of the country from dealing in virtual currencies such as Bitcoin.

Yet even as more merchants are embracing Bitcoin, consumers may still be wary of transacting with the virtual currency.

The biggest differecne between the value of a Bitcoin, or virtual nickel is: Outside of the Cult and pyramid scheme of the money for nothing non-asset based day trade, not a single person recognises this as currency.

The price of bitcoin swung wildly Thursday, rising to more than $ 19,000 only to fall sharply within minutes, as both the euphoria and anxiety surrounding the virtual currency escalated just days before trading in bitcoin futures begins on a major U.S....

After being celebrated by some as the future of money in a digital age, the virtual «peer - to - peer crypto currency» known as Bitcoin has taken some serious hits in the past week or so.

They argued that regulation could slow innovations in the blockchain technology that underpins virtual currencies such as bitcoin.

On September 9th, 2014, eBay - American electric business tycoon ， announced its payments arm Braintree began to accept Bitcoin as payment; The travel rental community Airbnb and the car rental service provider Uber also announced that they would begin to accept the virtual currency.

Cryptocurrency, digital currency, virtual currency are all the names of Bitcoin (BTC), the digital asset as described in Wikipedia.

The confidence in Bitcoin may break as a result of unexpected changes such as: unfavorable legal regulations, banning electronic legal tenders, introducing the prohibition on trading in virtual currency in specific areas, imposing high taxes, creating competitive alternative currencies, deflation, and other factors which may significantly affect the shaping of the exchange rate of Bitcoin against other currencies.

In today's e-commerce world, more and more Internet retailers are installing bitcoin capabilities to tap into that growing virtual currency market as well as to gain more publicity by doing so.

Chanticleer Holdings said it uses the same infrastructure as other virtual currencies, such as bitcoin, Ethereum, Ripple, Litecoin, and more.

According to recent reports, Intelligence Agencies in India have just issued an official report stating that virtual currencies such as Bitcoin can be used for the funding of illegal activities, by people who also move their funds through hawala transactions.

Most of the bitcoin - accepting merchants are eCommerce businesses, offering services ideal for virtual currency payments such as web hosting, domain registration, VPN services, and digital downloads.

Finance minister going all out against Bitcoin and other cryptocurrencies is definitely a reason for grave concern for the Indian cryptocurrency investors as he said that the government does not consider these virtual currencies as a legal tender.