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Bitcoin digital currency under regulator supervision

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The top U.S. derivatives regulator is considering whether the Bitcoin virtual currency should be subject to its rules, a top official at the agency said.

Bart Chilton, one of five commissioners at the Commodity Futures Trading Commission, said he had asked staff to explore whether consumers needed more protection from any mishaps with Bitcoin, whose value collapsed last month.

Opinion: I survived the bitcoin bubble, maybe

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af bitcoin3 20130430131835481122 300x0 Opinion: I survived the bitcoin bubble, maybe
Opinion by Farhad Manjoo.
Two weeks ago, I was racked with indecision, my life at a crossroads: Gulfstream or Learjet? Bugatti Veyron or that new Tesla Model S? Against all wisdom, I had invested $1000 in bitcoin, the crazy cryptocurrency whose value had been skyrocketing since the start of the year. After jumping through many hoops to get my cash to a shady-looking bitcoin exchange site, I’d purchased seven bitcoins for $138 each. Within a few days, the value of bitcoins had shot up past $200, and there was no end in sight.

BitCoin Is Gold 2.0

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Bitcoin start-ups are a “very interesting area” and present an opportunity for the creation of a range of new businesses, including companies focused on merchant services—like PayPal—bitcoin exchanges and companies with banking models that focus on storing the digital currency.

“What the critics are underestimating is that you had a first wave of bitcoin start-ups and people were interested in it and it was kind of cool,” Dixon said. “But now what I think you are seeing—if you just talk to the smartest people in Silicon Valley now—is that some of the best entrepreneurs are going to start getting into it, so I think you are going to see another wave.”

Canadian Government Intends To Tax Bitcoins

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The Canada Revenue Agency (CRA) has issued a statement in which it made very clear that it thinks Bitcoin (BTC) transactions are taxable, and it expects responsible citizens to declare such transactions.

It has compared exchanging Bitcoin for goods to barter trade, and Bitcoin trading to securities trading.

Canadian Banks Closing Bitcoin Businesses

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canadian coin 300x224 Canadian Banks Closing Bitcoin Businesses
Two Canadian businessmen recently got some bad news from their banks.
James Grant, owner of Canadian Bitcoins, got a letter.
Melvin Ng, proprietor of CADBitcoin, got a phone call.
Both men run online exchanges where you can purchase Bitcoins for Canadian dollars.