Articles About The BitCoin and AltCoin Industry

In General Articles

The CFO's Guide to Bitcoin, Part 2: Taxes and Accounting

“In this world nothing can be said to be certain, except death and taxes.” No doubt, many aspects of the bitcoin phenomenon would astound Benjamin Franklin if he were alive today. (Though perhaps not as many as you might expect. He did help architect the new republic’s original alternative cash, Continental Currency.) But the inability of bitcoin to escape tax liability clearly wouldn’t have surprised the founding father a bit! Anyone inquiring into the prospect of accepting bitcoin...

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The CFO's Guide to Bitcoin, Part 1: The Basics

80,000 businesses already accept bitcoin. And to echo a recent Entrepreneur article, “Why not yours?” It’s no longer an idle question. If the bitcoin question hasn’t landed on your doorstep, it will soon. The Wall Street Journal op-eds are already here. So are eyebrow-raising headlines announcing things like PayPal’s embrace of bitcoin. Customers will want to know. Business partners will mention it. Soon, the boss will ask. And, accountants and financial executives will be among the first...

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China's Ongoing Crackdown on Cryptocurrency

Readers familiar with international cryptocurrency markets will recall that, in December 2013, the Chinese government took decisive—and negative—action against Bitcoin and other digital currencies. As a contemporary article in the New York Times noted, the directive issued by the People's Bank of China stated the move was necessary to “protect the status of the renminbi as the statutory currency, prevent risks of money laundering and protect financial stability.” Most world governments have...

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Is Cryptocurrency Being Used to Finance Terrorism?

Digital currencies like Bitcoin were created with the best of intentions in mind. The freedom of use and personal security and privacy that goes along with the anonymity built into cryptocurrency systems were meant to be used responsibly and legally by their investors—and the overwhelming majority of them make trades in just that manner. Unfortunately, black market websites such as the now-defunct Silk Road have taken advantage of those same features for illicit means such as narcotics trade...

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Coin Pursuit Launches Slice Feeds Interactive Cryptocurrency Network

Digital currency investors are familiar with the noise and clutter that can be found on social media outlets and industry forums, and that tracking down specific information can waste valuable time. Online cryptocurrency resource Coin Pursuit is introducing their networking portal called SliceFeeds™, which is designed to create a more straightforward environment for digital currency enthusiasts and merchants. Austin, Texas (PRWEB) May 02, 2014...

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Satoshi Nakamoto Revealed: No Longer Bitcoin's Mystery Man

A recent, detailed article in Newsweek laid bare the actual identity of Satoshi Nakamoto, the developer and creator behind the concept of Bitcoin, who as a result launched the entire cryptocurrency industry. This article will offer a brief study of that expose, and will analyze what effects, if any, this news will have on the digital currency markets. It is being treated as if they unmasked Batman at high noon in Gotham City's town square: Satoshi Nakamoto, the architect behind the creation...

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Slice Feeds ™: Coin Pursuit Launches the Bitcoin Industry’s First Social Media Trading Site

March 27,2014 - Slice Feeds have been launched click here Slice Feeds™: Coin Pursuit Launches the Bitcoin Industry’s First Social Media Trading Site at the Texas Bitcoin Conference March 5th and 6th. Since those who invest in cryptocurrency such as Bitcoin are also effectively its owners, it is extremely important to keep dynamic lines of communication open between traders, investors and enthusiasts alike. This press release introduces the interactive social component of Coin Pursuit,...

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Coin Pursuit Addresses Cryptocurrency Trader Confusion

Visiting a Bitcoin exchange - or those for other digital currencies - can be a frustrating experience, especially to the inexperienced investor. On the surface, it would appear that everything is laid out for traders: there are up-to-the-minute market graphs, currency value listings, and buying and selling portals. Why is it, then, so many cryptocurrency traders are expressing frustration and confusion when it comes to the information they are given? Coin Pursuit Founder and CEO Spencer...

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Clearing the Air about Cryptocurrency

Stories about Bitcoin and other digital currencies are all over the media these days. They trumpet the news that the market is either up or down, and there doesn't seem to be any gray area between those who love digital currencies and those who hate them. Frustrated potential investors often walk away from the subject entirely because no one has taken the time or effort to really explain cryptocurrency to them in a clear manner that doesn't have an obvious agenda to push. The industry is a...

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Here Come the Bitcoin ATMs

Actually, automatic teller machines (ATMs) for Bitcoins have already been around for a little while; the first in the world started operating in Vancouver, Canada in the fall of 2013. Up until now, though, those in the United States wanting the convenience of an ATM for managing their Bitcoin accounts were out of luck, unless they were prepared to make a considerable road trip. That's about to change. On Thursday, February 20, the first Bitcoin ATM in the US was turned on in HandleBar, a...

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Will PayPal Embrace Digital Currency?

With the advancement of digital technology—especially as it relates to the financial industry—our banking, purchasing and selling habits have changed drastically over the past 15 years or so. The days of writing a physical check are all but gone; we just swipe a card or make payments online now. While all this is obvious to the average consumer, there's a potential conflict developing in the online payment field, and its outcome could affect the way we make payments online. We're talking about...

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Digital Currency Fraud 101: The Pump and Dump Scheme

One of the most unique things about the digital currency industry we've noticed—in comparison to the trading of traditional stocks and commodities—is a lot of the people who invest in alternative currencies are attracted to its unique features, and are new to investing and trading in an exchange setting. There's nothing that says you have to be a financial genius to invest in alternative currency, and the basics of the market are easy enough to learn. Coin Pursuit takes pride in being the...

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Bitcoin...But It's Not Real Money!

Here at Coin Pursuit, we've done a lot of research on digital currency, and we've found even those who support the industry often use terms such as “real money” for government-issued currencies. We believe that's doing alternative currencies an injustice; for this reason, when we refer to government and corporate-backed financial tools, we refer to them as “traditional” currency. Simply put, the implication that cryptocurrency isn't “real” money is just plain incorrect. With that said, we'd...

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What's the History of Cryptocurrency?

There almost seems to be a shroud of mystery—at least, in the minds of most average people—about the world of digital currency. For example, the creator of Bitcoin, “Satoshi Nakamoto,” was up until recently considered a pseudonym; it was thought this could be one person or an entire group, and for five years no one knew with any certainty who that was. The mystery was revealed in March 2014, when Newsweek Magazine published a lengthy article showing that Satoshi Namakoto was, indeed, the actual...

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How Do Digital Currency Exchanges Work?

When you first decide to invest in digital currency, chances are you're gonna have to go through an exchange to purchase it. To those used to traditional currency like US dollars or British pounds, the concept of “buying money” might sound a little weird and redundant. It's where exchanges are involved that digital currency behaves less like “regular” money and more like an investment. In this article, we're gonna clarify what exchanges are, how they work, and what you should look for when...

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Is the Cryptocurrency Market Considered a Bubble?

It's called different names—fluctuation, market adjustment, trading peak and so on. But after the dot-com and housing market bubbles, that's the term the media has latched onto. The meteoric rise in value of some types of cryptocurrency has many convinced the industry is in a bubble. In this article, we'll look at the arguments for and against that assumption. For simplicity's sake, we'll be looking at the so-called “Bitcoin bubble”—but similar trends have been affecting other digital...

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Is Digital Currency Affected by Factors That Affect Traditional Money?

Ask anyone who has any skin in the digital currency game what sets it apart from traditional currencies, and chances are one of the first things they'll tell you is that it isn't tied to any bank or government, and is therefore free of those inherent hassles and entanglements. That's the quick and easy answer, and it works just fine as an elevator pitch; however, we'd like to go into a little more detail about what that actually means. What controls, regulations and other factors aren't a...

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Which Are the Most Popular Digital Currencies?

The entire history of digital currency stretches way back into the distant mists of memory—a whole five years or so. Yeah, so, it's a new industry, and it's still going through the growing pains that come with that. Here at Coin Pursuit, we're often asked what the most popular types of cryptocurrency are. This article will look at the main movers and shakers in the alternative currency market. Before we move on to our list, though, we'd like to note the factors that all digital currencies...

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