The government and legal community may still be arguing over whether bitcoin can be defined as “money.” But the judge presiding over the landmark Silk Road drug case has declared that it’s at least close enough to get you locked up for money laundering. In a ruling released Wednesday, Judge Katherine Forrest denied a motion by Ross Ulbricht, the 30-year-old alleged creator of the Silk … Continue reading Bitcoin: Bitcoin is Money according to Silk Road Trial Judge

The French Ministry for the Economy and Finance has outlined regulatory measures to be put in place by the year’s end for financial institutions and users of bitcoin and other digital currencies. Earlier this year, the French government said that although it does not officially recognize bitcoin as a currency, it can still impose income taxes. The 11th July communiqué, which came from the office … Continue reading Bitcoin: France Outlines New Rules For Bitcoin Businesses

Bitcoins remain probably the most exciting and promising form of digital currency in the market today. Back by many, this digital currency was touted as the successor for the current currencies. It was eagerly back by many. It still is. But without a shadow of a doubt, time has started to run out for Bitcoins. The digital currency has long been a promising commodity and … Continue reading Bitcoin News: Bitcoins Enter the Social Networking Arena