Bitcoin has not affected the stability of Sweden’s economy, according to a new paper published by the country’s central bank. The latest issue of the Sveriges Riksbank Economic Review, published on 18th September, includes the article What is Bitcoin by Bjorn Segendorf, from the bank’s Financial Stability Department. Segendorf provides an overview of the bitcoin protocol, mining and price movements. He also includes a section … Continue reading Bitcoin News: Swedish Research Says Bitcoin Not Affecting Economy

Bitcoin ATM maker Diamond Circle has installed its first kiosk at a cafe in Queensland, Australia. The new unit is located at the Bluff Cafe at Burleigh Heights, by the Gold Coast’s Surfers Paradise. The company describes its machine, unveiled earlier this year, as the first “cashless bitcoin ATM” kiosk to hit the market. The Diamond Circle ATM works in conjunction with its bitcoin debit … Continue reading Bitcoin Update: First Cashless Bitcoin ATM

The price of bitcoin increased yesterday following the news that PayPal would integrate the digital currency into its services for merchants. However, the price is still down approximately 50% compared with the start of the year.Everyone in the bitcoin space is now looking for answers as to why the price has dropped so much from its $1,100 peak in December 2013. In the absence of … Continue reading Bitcoin News: Reviewing Price Movements of Bitcoins

Seemingly out of nowhere, a technology appears that changes the way people think about an established industry. Vested interests see it as a threat and become determined to ensure it does not undercut existing profit structures. Sounds like the synopsis of the story about bitcoin up to this point? Well, yes, but digital currency isn’t the first technology to meet the resistance of incumbent parties. … Continue reading Bitcoin News: Reviewing the Similarities Between Bitcoin and Napster

PayPal has announced partnerships with the three largest payment processors in the bitcoin space – BitPay, Coinbase and GoCoin. Though the online e-commerce pioneer stopped short of integrating bitcoin into its digital wallet or payment processing services directly, the move marks PayPal’s first formal offering to the bitcoin community. In a blog post penned by senior director of corporate strategy Scott Ellison, PayPal revealed that … Continue reading Bitcoin News: Paypal Enters Bitcoin Space

Belgium’s Federal Public Service Finance (FPS) has issued a new statement finding that domestic digital currency transactions are currently not subject to value-added tax (VAT). The ruling from the tax body was revealed in an email to local digital exchange Belgacoin, which was concerned it would need to pay VAT on digital currency trades. An FPS spokesperson confirmed that bitcoin transactions are currently exempt from … Continue reading Bitcoin News: Belgium Says Bitcoin Not Subject to VAT