Tag Archives: Money

Naughty America Joins Porn.com in Bitcoin Acceptance

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“San Diego-based adult entertainment provider Naughty America, which operates a network of 30+ porn websites, is now accepting bitcoin payments.  CEO and co-founder Andreas Hronopoulos spoke to CoinDesk about the announcement in an exclusive interview.  Hronopoulos indicated that Naughty America first considered accepting bitcoin after discovering the virtual currency through mainstream news coverage of Silk Road. Six months later, Naughty America will follow the Sacramento Kings and The D and Golden Gate hotel-casinos in Las Vegas to leverage the services of Georgia-based payment processor BitPay.”

http://www.coindesk.com/naughty-america-bitcoin-acceptance/

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Pirate Party Prompts Successful Campaign Finance Ruling for Bitcoin

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“The Pirate Party is pleased that the Massachusetts Office of Campaign and Political Finance (OCPF) ruled that registered political committees can now accept donations in bitcoins.  The OCPF’s advisory opinion was in response to the Massachusetts Pirate Party’s inquiry into the rules governing bitcoin donations to political action committees. The OCPF determined that political committees could accept bitcoin contributions, subject to existing disclosure requirements and contribution limits. Political campaigns would need to convert bitcoins into US dollars within five days of receiving them, just like other financial assets such as stocks and bonds.”

http://masspirates.org/blog/2014/01/23/pirate-party-prompts-successful-campaign-finance-ruling-for-bitcoin/

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Airbnb might be closer to accepting Bitcoin: CEO requests opinions

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“The major home rental service Airbnb might be considering Bitcoin as a payment option. At least, the company’s co-founder and CEO, Brian Chesky, decided to ask his followers’ opinion on Twitter regarding this possibility.  The answer was overall positive, with dozens of people asking the company to take this step forward and become one of the first platforms of its kind to accept the cryptocurrency.  Airbnb is an online platform that lists thousands of houses, apartments and bedrooms available for short-term rental in 34,000 cities across the world. It is especially appropriate for people on vacations who would rather stay in a house than in a hotel.”

http://bitcoinexaminer.org/airbnb-bitcoin-ceo-twitter/

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Manhattan Newsstand Owner Accepts Bitcoins Instead Of Credit Cards

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“We’re still a few weeks (or more) away from the city’s first bitcoin ATM machine, but that doesn’t mean that digital cash isn’t slowly gaining popularity all over the city. If you’ve got some bitcoins burning a hole through your e-wallet, stop your bitchcoining (BOO) and just head over to the newsstand at 34th Street and 2nd Avenue run by lifelong New Yorker Kay, who is the subject of the very impassioned (and quite repetitive) pro-bitcoin video below, made by EasyBlitz. ‘I think it’s riskier dealing with credit card companies than it is with bitcoins,’ Kay said, explaining his devotion to the bitcoin. ‘With credit card companies you have chargebacks, whereas with bitcoin you don’t.'”

http://gothamist.com/2014/01/24/video_manhattan_newsstand_owner_acc.php

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EBay considering accepting bitcoin as payment

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“Ebay is now considering allowing customers to use bitcoin for payment for both eBay and PayPal, sources inside the company told CNBC.  The company hasn’t yet made a decision, and is waiting for the regulatory framework to become clearer before it makes a final call, the sources told CNBC. Next month, eBay US and eBay UK will allow its customers to buy and sell bitcoins for the first time.  A spokesman for eBay said: ‘The growth of alternative currencies like bitcoin have the potential to be disruptive technologies but they are all still in the early stages of development. We’re closely following this area and look forward to seeing how it develops.'”

http://www.cnbc.com/id/101356642

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TigerDirect processes $250,000 in Bitcoin Payments in first 17 hours

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“TigerDirect, a major online retailer, has started accepting Bitcoin as a payment option on their webshop with more then 200,000 products. They are the second Billion dollar company to accept the digital currency as a payment option, after Overstock.com was the first in January this year. TigerDirect processes about 2 Billion Dollars worth of orders each year.  It has since then been 17 hours. So where are we now in terms of sales? An TigerDirect spokesperson told BitcoinBoard this morning the company has raked in a massive $250,000 USD worth of items in bitcoin payments since it started accepting the payment method 17 hours ago. The amount was spend in more then 1000 orders.”

http://bitcoinboard.net/tigerdirect-processes-250000-bitcoin-payments-first-17-hours/

TigerDirect, a major online retailer, has started accepting Bitcoin as a payment option on their webshop with more then 200,000 products. They are the second Billion dollar company to accept the digital currency as a payment option, after Overstock.com was the first in January this year. TigerDirect processes about 2 Billion Dollars worth of orders each year.

It has since then been 17 hours. So where are we now in terms of sales? An TigerDirect spokesperson told BitcoinBoard this morning the company has raked in a massive $250,000 USD worth of items in bitcoin payments since it started accepting the payment method 17 hours ago. The amount was spend in more then 1000 orders, and these are great numbers for the webstore.

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TigerDirect Becomes the Latest Retail Giant to Pounce on Bitcoin

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“Another major online retailer has announced that it is now accepting bitcoin. This time it’s TigerDirect.  The company revealed the news on Thursday to much fanfare on its site, with an educational guide to bitcoin and incentives for GPU card shoppers to ‘Start Mining with AMD’. TigerDirect will use BitPay as its payment processor, becoming that company’s largest client to date. Bitcoin will be accepted only for online purchases, not in physical stores.  TigerDirect’s parent company, Systemax Inc. (which includes Canadian subsidiary TigerDirect.ca) is a Fortune 100 company with annual revenues of over $2bn and more than 3,000 employees.”

http://www.coindesk.com/tiger-direct-accept-bitcoin/

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Neiman Marcus hack hit 1.1 million customers

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“About 1.1 million customers were impacted by a breach of luxury retailer Neiman Marcus’ payment systems that lasted more thanthree months, the company said.  Malicious software scooped up customer credit and debit card information between July 16 and Oct. 30 of last year, Neiman Marcus Group President and CEO Karen Katz said in a message on the retailer’s website.  Visa (V, Fortune 500), MasterCard (MA, Fortune 500) and Discover (DFS, Fortune 500) reported 2,400 cards were then used fraudulently, Katz said.  The software — described as ‘sophisticated, self-concealing malware, capable of fraudulently obtaining payment card information’ — has since been disabled.”

http://money.cnn.com/2014/01/23/news/companies/neiman-marcus-hack/index.html

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Man arrested with $153,000 at Nashville airport after dog sniff

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“A man who used $20,000 in cash to charter a private plane from Nashville to California was arrested on money laundering charges after an airport police dog smelled narcotics on $153,000 stuffed into his suitcase, according to a police affidavit released Tuesday. Conor Guckian, 33, was arrested in Nashville on Monday after airport police were alerted to a ‘suspicious individual’ using the large sum of cash to charter the plane to California, according to the affidavit.  Guckian told officers he was transporting the large sum in order to buy gold in California, according to the affidavit.”

http://www.reuters.com/article/2014/01/14/us-usa-crime-nashville-airport-idUSBREA0D1FT20140114

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HSBC won’t give me more than £1k of my own cash over the counter

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“I went to withdraw £10,000 cash from my HSBC account in Swindon which is in credit by about £50,000.  However, HSBC will not let me take out anything over £1,000 cash over the counter. I gave them warning, but they say they must know what I will use it for – they want to see evidence of hotel bookings etc.  In short, they refuse to give me my cash. HSBC say it is new internal rules to help prevent money laundering. But for example, what if I want to buy a £5,000 car? It said I’d have to put down a deposit and show them the receipt first.  I find this outrageous and an invasion of privacy – why do HSBC get to decide what I do with my money?”

http://www.dailymail.co.uk/money/experts/article-2540445/What-maximum-money-I-withdraw-HSBC.html

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