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
Though it is increasingly acknowledged by major business, investors and governments that bitcoin has the power to enable potentially world-changing financial innovations, fundamental issues are still holding back adoption. One of the most prominent, around the world, is the lack of consumer understanding of the subject. For all its development, it remains difficult to explain to the average person just how bitcoin technology can impact … Continue reading A Look At Bitcoin Utilities
