Bitcoin Major Update: Spain Reportedly Cracks Down On Bitcoin Gambling

The Spanish government agency that oversees matters of finance and taxation has issued a new ruling stating that bitcoin should be treated as an electronic payment system, a decision that could have a far-ranging impact on Spain’s bitcoin economy. El Ministerio de Hacienda y Administraciones Públicas issued the ruling in response to questions from Coinffeine,…

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The amazing Sir Richard Branson Says “Bitcoins are Working”

Sir Richard Branson has revealed further support for bitcoin as a functional, albeit volatile, currency. Asked in an interview with Bloomberg News whether the cryptocurrency will eventually work, the Virgin Group billionaire said that bitcoin is already working. While Branson admitted that bitcoin remains volatile, he added that this is not necessarily a bad thing….

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