Tag Archives: Money

Mint.com personal finance apps now let you keep track of Bitcoins

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“Now that Bitcoin has taken root in daily financial transactions, those who fancy thedigital currency need a way to easily keep an eye on the tally. Well, for the folks that meet that criteria, Mint now lets users keep track of transactions with the help of Coinbase. This means that Bitcoin Wallet figures can be viewed alongside other banking, credit card and investment accounts. The integration also automatically converts the account balance to US dollars to keep the mental math at a minimum.”

http://www.engadget.com/2014/01/30/mint-tracks-bitcoin/

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Amazon To Include P2P Payments In ‘Real World’ PayPal Competitor

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“Earlier today, the WSJ published a report on how Amazon is building a Kindle-based point-of-sale payments service for local merchants using technology it picked up via its Gopago acquisition –something we actually reported on back in December. In fact, this looks like just part of what Amazon has in mind. The e-commerce giant is also developing a solution for person-to-person payments — bypassing banks and other payment networks — putting it in even closer competition with P2P payment giant PayPal. The P2P payment system, as it’s being conceived, would have a mobile component to it, and it would be cloud-based, so presumably usable over desktop, too.”

http://techcrunch.com/2014/01/29/amazon-wants-to-include-peer-to-peer-payments-in-its-real-world-paypal-competitor/

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Visa CEO Says Traditional Payment Networks Trump Bitcoin

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“Visa Inc. Chief Executive Officer Charlie Scharf said he’s more confident in traditional payment networks than in virtual currencies like Bitcoin.  ‘There are certainly some interesting things about Bitcoin and other things like it, but there are also a great deal of complexities,’ Scharf said today on a conference call to discuss quarterly results. Payments networks such as Foster City, California-based Visa are safer for consumers because of ‘the established network rules we have, the understanding of how things operate, understanding who the participants are, the fact that the business that we do has financial institutions on either side of the transaction.'”

http://www.businessweek.com/news/2014-01-30/visa-s-scharf-says-traditional-payment-networks-trump-bitcoin

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HSBC dumps small business accounts for multinationals

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“Banking giant HSBC is dumping some of its small business clients in favour of those with more internationally-oriented profiles.  Linda Bryan is the owner of a small pharmacy in White Rock, B.C., who has been banking with HSBC for 17 years. Recently, she received a letter from the bank informing her she has 60 days to transition to another financial institution.  And she’s not alone.   HSBC has been sending similar letters to small business owners in Canada and the United States for about a month. The bank will not say how many customers it is ridding itself of, but the number is large.  The Canadian Federation of Independent Business says the move is unacceptable.”

http://www.cbc.ca/news/canada/british-columbia/hsbc-dumps-small-businesses-for-international-profiles-1.2515068

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Vera&John Becomes First Licensed Casino to Accept Bitcoin

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“Large online casino Vera&John has become the first licensed and regulated online casino to accept bitcoin deposits.  The Malta-registered site began taking deposits from customers on Tuesday, automatically converting them to Euros which would then be paid into customers’ accounts on the site. Customers making bitcoin deposits made at Vera&John will only be able to withdraw those deposits in bitcoin.  A customer’s account can be used to play over 200 slot games on the site. The back end software that runs the games therefore doesn’t have to be adapted to work with bitcoin in any way.”

http://www.coindesk.com/verajohn-becomes-first-licensed-casino-accept-bitcoin/

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First Firearms Retailer In Texas Accepting Bitcoin

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“Beginning Monday, January 27, 2014, Central Texas Gun Works, owned by Michael Cargill, became the first firearms retailer of Texas to accept online payment in the new Bitcoin (www.bitcoin.org) currency system, an innovative payment network changing the way consumers use digital currency. Starting today, Wednesday, January 28, 2014, Central Texas Gun Works will accept Bitcoin for all in-store transactions, including the sale of firearms, ammunition, accessories, and class registrations.  Central Texas Gun Works is a local Austin training school and retailer of firearms, ammunition, and safety accessories.”

http://centraltexasgunworks.com/latest-news/bitcoin

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Bitcoin saves Australian company TOMCAR $50,000 in bank fees

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“All-terrain vehicle manufacturer Tomcar saves over $50K AUD due to the Bitcoin payment network.”

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Why Bitcoin Terrifies Big Banks: Andreas Antonopoulos

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“Abby Martin speaks with Andreas Antonopoulos, founder of Root Eleven and co-host of let’s Talk Bitcoin, discussing how Bitcoin works, and why it’s so important to have a decentralized system of money.”

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New York announces plans for bitcoin ‘license’ amid high-profile arrest

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“New York plans to create regulations that will guide virtual currency firms that operate in the state, possibly requiring them to hold a ‘BitLicense,’ the state’s top banking regulator said Tuesday, one day after a major arrest in the bitcoin universe.  Benjamin Lawsky, New York’s Superintendent of Financial Services, said such regulatory guidelines would seek to bar misconduct like money laundering while not cornering in booming cryptocurrency technology. His comments came during the start of hearings this week – organized by the New York Department of Financial Services – on the future of online currencies.”

http://rt.com/usa/bitcoin-regulations-new-york-320/

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The Complete Breakdown of How Charlie Shrem Did Nothing Wrong

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“Many people in the Bitcoin community were shocked when they heard Charlie Shrem was arrested for allegedly laundering money for drug dealers from the Silk Road, but the moral, and perhaps even the legal, case against him is rather weak. While the US Government will definitely try to make an example out of Charlie, it’s unclear as to whether or not the average person on the street would agree that he should be thrown in jail for decades. After reading through the entire criminal complaint against Charlie Shrem, it seems that he is guilty of nothing more than ordering some pot brownies off the Internet.”

http://www.cryptocoinsnews.com/2014/01/28/charlie-shrem-did-nothing-wrong/

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