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actually that site was SOMETHING...you could see visually in real time how many bitcoins or fractions of it, travel to which country at what price...mostly they were going to CHINA, USA and RUSSIA...USA & RUSSIA was about the same but CHINA was taking like 1000 times more!...
They were fast
actually that site was SOMETHING...you could see visually in real time how many bitcoins or fractions of it, travel to which country at what price...mostly they were going to CHINA, USA and RUSSIA...USA & RUSSIA was about the same but CHINA was taking like 1000 times more!...
No wonder they killed it. Money laundering never likes witnesses
Just goes to show that if you create demand(for any thing) then people will buy any old crap.
42% Of Americans Know What Bitcoin Is
While 6% believe Bitcoin is an "Xbox game", we are impressed that 42% of Americans polled by Bloomberg know what the virtual currency is. Furthermore, 55% believe it is "not better" that Bitcoin be regulated...
source
Bitcoins Fail Currency Test in Scandinavia’s Richest Nation
Bitcoins were dealt a blow in Norway as the government of Scandinavia’s richest nation said the virtual currency doesn’t qualify as real money.
“Bitcoins don’t fall under the usual definition of money or currency,” Hans Christian Holte, director general of taxation in Norway, said in an interview. “We’ve done some assessments on what’s the right and sound way to handle this in the tax system.”
Norway will instead treat Bitcoins as an asset and charge a capital gains tax, after Germany in August said it will impose a levy on the virtual currency.
More and more nations are taking an official stance on the software since it emerged in 2008 as a virtual currency that’s not controlled by any government or central bank. Bitcoins can be used to pay for everything from hand-made rugs to window cleaning. Students at the University of Nicosia in Cyprus can even pay for their tuition with the software.
Paul Ehling, associate professor in the department of financial economics at the BI Norwegian Business School, said the government’s definition of money may be too narrow.
“Currency is any agreed upon means of exchanges of goods and services, so you could have some small stones, as used in history, and if it’s accepted by a sufficiently large population, then that’s enough,” Ehling said in an interview. “These days we do mean that a much larger group of people is willing to exchange goods or services for this currency.”
read more
As Bitcoin Transaction Volume Triples Since October, Europe Prepares To Regulate, Tax
Representing numbers that would put the adoption curve of Obamacare to shame, the Bitcoin equivalents of Paypal, BitPay, announced last week that it has now processed over $100 million in BTC transactions in 2013, has increased its merchant base to over 15,500 approved merchants in over 200 countries, but most importantly, has seen a surge in the number of merchants using its BTC payment pricing plan, by 50% since October while the volume of transactions has tripled. While the surge in the currency adoption has matched the explosive rise in the USD-value of the currency, the news should comfort any lingering doubts whether Bitcoin is a credible payment system.
From the BitPay press release:
Which explains why Europe, which over a year was the first entity to cry foul about Bitcoin (recall from November 2012: "The ECB Explains What A Ponzi Scheme Is; Awkward Silence Follows") when the USD-price of one BTC was still in the double digits, is doubling down in its fight against the fiat alternative, this time as the European Union's top banking regulator is preparing to actively supervise the virtual currency. From Bloomberg:read more
I think someone is going to shut down Bitcoin party soon.
Still one of the best thing that ever happened.......the only prob at the moment is knowing when to sell.....
PBOC Rumors Batter Bitcoin Into Bear Market (Again) As Precious Metals Rise
Talk from the PBOC (via Sina) that "the central bank directs: third party payment institutions shall not undertake business with Bitcoin hosted sites," appears to be responsible for the slump in the virtual currency once again. This expands the PBOC's earlier Bitcoin ban to other institutions. Bitcoin prices have dropped over 20% from their overnight highs - trading at around $715 now. Perhaps even more notable is the relationship between Bitcoin and the precious metals today with the early Bitcoin weakness corresponding almost perfectly to gold and silver strength (and again mid-morning in the US).
source
............................... fiatleak - watch the world's currencies flow into BTC in realtime is back!