November was a good month for those looking to make donations in bitcoin as a number of charitable organizations began accepting the digital currency. Interestingly, law firms are also warming to the idea of accepting bitcoin.
November was a good month for those looking to make donations in bitcoin as a number of charitable organizations began accepting the digital currency. Interestingly, law firms are also warming to the idea of accepting bitcoin.
November saw ample regulatory activity throughout Europe as governments worked to learn more about digital currencies and clarify tax issues related to the value-added tax (VAT). Russia and Ukraine continued on the path to officially banning digital currencies for payment while the Australian...
2014 has been a big year for Bitcoin charities and bitcoin acceptance by traditional charitable organizations. In August, BitGive became the first nonprofit bitcoin organization in the United States to be officially recognized by the Internal Revenue Service (IRS) as a tax-exempt charitable...
itBit's Bobby Cho recently participated in a webinar focusing on the relationship between bitcoin and Wall Street. The one-hour webinar explores the challenges facing bitcoin from a technological and regulatory perspective and identifies key drivers that could increase adoption and investment by...
November marks the one-year anniversary of itBit’s launch in Singapore. Over the last year, we have become a true global company, opening a second office in New York and growing our teams on both sides of the world. Our reputation for professionalism and operating in a transparent and compliant...
At itBit, we are focused on security and accountability. We operate differently from other exchanges by securing 100% of our client funds in offline cold wallets. itBit client deposits cannot be remotely accessed and multiple trusted parties are required to initiate withdrawals. Our stringent...
As digital currencies gain legitimacy, their acceptance for goods, services and donations will continue to grow. Each month, itBit’s Who is Accepting Bitcoin Now? series highlights notable companies and other organizations around the world that have joined the Bitcoin movement.
October saw a...
Every month, itBit scours the globe to bring you the latest in digital currency regulation and compliance news. Below, our Chief Compliance Officer, Erik Wilgenhof Plante, highlights the key regulations and legislation impacting retail and institutional digital currency investors around the world...
At the heart of the bitcoin ecosystem lives a vibrant yet immature exchange community. The current exchange space is less than two years old and facilitates approximately $230 million* of daily trading volume across 33 different currencies. Compared to traditional capital markets or FX markets,...
Bitcoin continues to see increased adoption as a means of payment for goods and services. The third quarter of 2014 saw a particularly strong uptick in merchant acceptance for the world’s most popular digital currency. Per Coindesk’s excellent State of Bitcoin Q3 2014, over 75,000 merchants...
Crypto asset trading involves a high degree of risk. The crypto asset market is new and unproven and may not grow. Currently, there is relatively small use of crypto assets in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in crypto assets. In order to participate in the trading of crypto assets, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment. No material at this site should be considered as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin or other crypto assets.