Is Bitcoin money?

Florida Judge Terersa Pooler has ruled that the Federal Government cannot prosecute Michell Espinoza for attempting to make a deal with an undercover police officer to purchase fake credit cards online with Bitcoins. Judge Pooler ruled that [...]

Senator Manchin calls for Bitcoin Ban

Senator Joe Manchin (D-WV) today called for a ban on Bitcoin. In a letter sent to Federal Regulators including Treasury Secretary Jack Lew and Federal Reserve Chairman Janet Yellen, Senator Manchin writes: I write today to express my concerns [...]

IRS to tax Bitcoin as property

Via Time: The Internal Revenue Service announced on Tuesday that it will categorize virtual currencies like Bitcoin as property, and not as a currency, a move that will impose significant taxes and regulations on the fledging market, but will [...]